AMD To Invest $400 Million In India By 2028; Aiming To Create 3,000 New Jobs – News18

U.S. chipmaker Advanced Micro Devices stated on Friday it can make investments round $400 million in India over the subsequent 5 years and can construct its largest design middle within the tech hub of Bengaluru.

AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor convention that began Friday in Prime Minister Narendra Modi’s dwelling state of Gujarat. Other audio system on the flagship occasion embody Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra.

Despite being a late entrant, the Modi authorities has been courting investments into India’s nascent chip sector to ascertain its credentials as a chipmaking hub.

AMD stated it can open its new design centre campus in Bengaluru by finish of this yr and create 3,000 new engineering roles inside 5 years.

“Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster stated.

The new 500,000-square-foot (55,555 sq. yards) campus will improve AMD’s workplace footprint in India to 10 places. It already has greater than 6,500 workers within the nation.

From private computer systems to knowledge facilities, AMD chips are utilized in a variety of gadgets. The Santa Clara, California-based agency can also be engaged on a man-made intelligence chip that can tackle market chief Nvidia Corp.

Unlike its prime rival Intel, AMD outsources manufacturing of chips it designs to third-party producers like Taiwan’s TSMC.

TSMC and the South Korea’s Samsung are among the many elite few chipmakers globally to have mastered cutting-edge chipmaking, a expertise many countries at the moment are vying for to keep away from provide chain shocks, comparable to confronted throughout the pandemic.

India in 2021 unveiled a $10 billion incentive programme for the chip sector, however the plan has floundered as no firm has up to now managed to get clearance for establishing a fabrication plant, the centerpiece to Modi’s ambitions.

Other investments in India embody a multi-year $400 million plan by U.S. chip gear maker Applied Materials in June to arrange an engineering middle, and chipmaker Micron’ $825 million funding in a semiconductor testing and packaging unit in Gujarat.

(This story has not been edited by News18 workers and is revealed from a syndicated news company feed – Reuters)