AMD announced last month that it would invest up to $135 million over four years in its Xilinx operations in Ireland. The firm is now turning its route further south to India. According to the statement, the chipmaker will join the companies that support India’s goal of becoming a semiconductor manufacturing center.400 million dollars investment until 2028
AMD plans to invest around $400 million in India over the next five years. AMD CTO Mark Papermaster announced the chipmaker’s investment plans at SemiconIndia 2023 in India. “Our investment will build on our over two decades of continued growth and successful presence in India,” Papermaster said in his keynote speech.
AMD will expand its footprint in India with a new design center to open in the country’s Bengaluru city later this year. Covering an area of 500,000 square meters, this new facility will bring the total number of AMD offices in India to 10, with locations in Delhi, Gurugram, Hyderabad and Mumbai. AMD started operations in India 22 years ago in 2001 and currently has more than 6,500 employees and 3,000 partners and contractors in the country. The chipmaker is expected to expand its workforce in the country with 3,000 additional engineers by the end of 2028.
“We welcome AMD’s plan to expand its pioneering R&D engineering activities in India,” said Ashwini Vaishnaw, India’s Minister of Electronics and Information Technology. India aims to become the next major hub for semiconductors globally. The government, led by Narendra Modi, announced a $10 billion stimulus program in 2021 to attract chip manufacturers to set up local plants in the country. In June, semiconductor manufacturer Applied Materials announced a $400 million investment to establish an engineering center in India. Computer memory and data storage maker Micron also announced last month that it plans to invest up to $825 million to build a semiconductor facility in the country.
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