AMD plans to speculate round $400 million in India over the subsequent 5 years and arrange its largest R&D facility within the nation’s southern metropolis of Bengaluru because the chipmaker joins the rising record of companies which are backing the South Asian nation’s ambition of turning into a semiconductor manufacturing hub.
AMD CTO Mark Papermaster introduced the chipmaker’s funding plans on Friday on the annual semiconductor convention SemiconIndia 2023 in Prime Minister Narendra Modi’s dwelling state of Gujarat.
“Our funding will construct on over 20 years of development and profitable presence right here in India,” mentioned Papermaster in his keynote.
The Santa Clara-headquartered firm, which began its operations within the South Asian nation 22 years in the past in 2001, has over 6,500 staff in addition to 3,000 companions and contractors within the nation. The chipmaker is anticipated to develop its workforce within the nation with 3,000 further engineers by the tip of 2028.
“Via these investments, AMD will additional develop our R&D capabilities in India to have the ability to drive our semiconductor design innovation in help of the federal government’s India semiconductor mission and drive to make India a powerful semiconductor expertise and nation,” he added.
Different business executives, together with Foxconn Chairman Younger Liu and Micron CEO Sanjay Mehrotra, are additionally in attendance on the convention.
India is seeking to turn into the subsequent large hub for semiconductors globally. In 2021, the Narendra Modi-led authorities introduced a $10 billion incentive program to draw chipmakers to arrange native amenities within the nation. Nevertheless, the federal government needed to tweak the scheme in June as the unique model didn’t obtain the anticipated response from world corporations.
In June, semiconductor producer Utilized Supplies introduced a $400 million funding to arrange its engineering heart in India. Pc reminiscence and knowledge storage maker Micron additionally unveiled a plan to speculate as much as $825 million final month to construct a semiconductor plant within the nation.