- Tuesday, November 26, 2024
The company’s chief technology officer, Mark Papermaster, made the announcement at an annual semiconductor conference that kicked off in Gandhinagar on July 28.
By: Shubham Ghosh
US CHIPMAKER Advanced Micro Devices (AMD) on Friday (28) said it would invest around $400 million (£310.8 million) over the next five years and will set up the largest design centre in Bengaluru, India’s tech hub.
The Santa Clara-based company’s chief technology officer, Mark Papermaster, made the announcement at an annual semiconductor conference that kicked off in Gandhinagar, the capital of the western Indian state of Gujarat, where prime minister Narendra Modi was also present.
#WATCH | Gandhinagar, Gujarat: Mark Papermaster, EVP and CTO, Advanced Micro Devices (AMD) at Semiconductor India says, "…AMD will invest $400 million in India in the next five years. AMD will enhance its R&D capabilities…We will build our largest design centre in… pic.twitter.com/Vt1bYREuYI
— ANI (@ANI) July 28, 2023
Other high-profile speakers at the event included Young Liu, chairman of Foxconn, and Sanjay Mehrotra, chief executive officer of Micron.
The Indian government has been wooing investors to focus on the country’s nascent chip sector to establish it as a chipmaking hub.
According to AMD, it will set its new design centre in Bengaluru by the end of the current year and generate 3,000 engineering roles in the next five years, Reuters reported.
“Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster was quoted as saying.
AMD’s sprawling campus of 500,000 square feet will increase its office footprint in the south Asian nation to 10 locations. The US company already has more than 6,500 workers in India.
Chips made by the company are used in wide-ranging devices, including personal computers and data centres. It is also reportedly working on an artificial chip to compete with market leader Nvidia Corp.
India unveiled an incentive plan worth $10 billion for the chip sector two years ago but it is yet to be successful as no company has so far received clearance for establishing a fabrication plant, the centrepiece to the Indian prime minister’s ambitions.
