Chipmaker Giant AMD To Funnel $400 Million in India By 2028

CIOTechOutlook Team | Friday, 28 July 2023, 11:56 IST

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The American chipmaker Advanced Micro Devices announced that it will spend $400 million in India over the following five years and that Bengaluru will become the site of its largest design facility. Mark Papermaster, the chief technology officer of AMD, made the announcement during the annual semiconductor conference, which was founded in Gujarat, the home state of Prime Minister Narendra Modi. Other speakers at the main event included Micron CEO Sanjay Mehrotra and Foxconn Chairman Young Liu.
 
The Modi administration has been pursuing investments into India's developing chip industry despite its late entry to establish its credentials as a chipmaking centre. By the end of this year, AMD stated, it will launch its new design center site in Bengaluru, and within five years, it will add 3,000 new engineering positions.
 
"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.
 
With the addition of the 500,000 square foot (55,555 square yard) facility, AMD will have 10 offices in India. More than 6,500 people work for it currently in the nation. AMD processors are utilized in a variety of applications, including data centers and desktop computers. The company, situated in Santa Clara, California, is also developing an AI processor to compete with Nvidia Corp., the current market leader.
 
In contrast to its main rival Intel, AMD contracts with companies like Taiwan's TSMC to produce the processors it designs. In order to prevent supply chain shocks like those experienced during the epidemic, several countries are now striving for the technologies that TSMC and Samsung, a company from South Korea, have perfected.
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