AMD India Investment: US chipmaker AMD will invest $400 million in India by 2028, to build its largest design centre in Bengaluru – Times of India

The announcement was made by AMD’s chief technology officer Mark Papermaster at an annual semiconductor conference in Gujarat. The flagship event also has Foxconn chairman Young Liu and Micron CEO Sanjay Mehrotra as speakers.
“Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said.

AMD said it will open its new design centre campus in Bengaluru by the end of this year and this is expected to create 3,000 new engineering roles within five years. The campus will be established in a 500,000-square-foot area and will increase AMD’s office footprint in India to 10 locations. AMD already has over 6,500 employees in the country.
Meanwhile, IT minister Rajeev Chandrasekhar also welcomed AMD’s decision to set up its largest R&D design centre in India.

AMD makes chips for a number of devices, including computers and gaming consoles. Recently, the company announced that it is making an artificial intelligence (AI) chip.
Incentive programme for chipmakers
In 2021, India announced a $10 billion incentive programme for the chip sector. Investments in India include a multi-year $400 million plan by another US chip equipment maker Applied Materials and Micron’s $825 million investment in a semiconductor testing and packaging unit in Gujarat.

Recently, one of the Apple suppliers, Foxconn was reported to be willing to invest around $1.07 billion (roughly Rs 8,800 crore) and $180 million (roughly Rs. 1,475 crore) to $200 million (roughly Rs 1,500 crore) in manufacturing facilities in Karnataka and Tamil Nadu, respectively.