AMD plans to invest $400 million in India by 2028 – AMD plans to invest $400 million in India over the next five years and establish its largest design center in Bengaluru, the country’s southern city, as the chipmaker joins a growing list of companies supporting the South Asian nation’s ambition to become a semiconductor manufacturing hub.
AMD CTO Mark Papermaster announced AMD’s investment intentions on Friday at the SemiconIndia 2023 conference in Prime Minister Narendra Modi’s home state of Gujarat.
“Our investment will build on over two decades of growth and successful presence here in India,” said Papermaster in his keynote.
AMD will expand its presence in India by creating a new design center in Bengaluru before the end of the year. This new building, which covers 500,000 square feet, brings the total number of AMD offices in India to ten, including locations in Delhi, Gurugram, Hyderabad, and Mumbai.
“Through these investments, AMD will further expand our R&D capabilities in India to be able to drive our semiconductor design innovation in support of the government’s India semiconductor mission and drive to make India a strong semiconductor talent and nation,” he added.
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The Santa Clara-based corporation, which began operations in the South Asian nation 22 years ago in 2001, employs over 6,500 people in the country and has 3,000 partners and contractors. By the end of 2028, the chipmaker expects to add 3,000 engineers to its workforce in the country.
“We welcome the AMD plan to expand its leading-edge R&D engineering operations in India,” said Indian electronics and information technology minister Ashwini Vaishnaw.
Other industry executives attending the conference include Foxconn Chairman Young Liu, Micron CEO Sanjay Mehrotra, and Applied Materials semiconductor products group president Prabu Raja.
India aspires to be the world’s next major semiconductor hub. The Narendra Modi government launched a $10 billion incentive program in 2021 to entice chipmakers to establish local facilities in the country. However, the government was forced to modify the strategy in June after the initial version did not garner the desired response from major corporations.
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Applied Materials, a semiconductor manufacturer, announced a $400 million investment in an engineering center in India in June. Micron, a computer memory and data storage company, also announced last month a plan to invest up to $825 million in the country to develop a semiconductor plant.
“I welcome AMD’s decision to set up its largest R&D design center in India and expansion of the India-AMD partnership. It will certainly play an important role in building a world-class semiconductor design and innovation ecosystem. It will also provide tremendous opportunities for our large pool of highly skilled semiconductor engineers and researchers and will catalyze PM Narendra Modi’s vision of India becoming a global talent hub,” said Rajeev Chandrasekhar, minister of state for electronics and IT, skill development, and entrepreneurship.
