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Post: AMD to invest $400 million in new design center in India



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Chipmaker AMD on Friday said it will invest $400 million in India over the next five years to expand research, development, and engineering operations.

The strategic investment by the chipmaker includes a new design center in Bengaluru, which is expected to become operational before the end of 2023, the company said, adding that it will be AMD’s largest design center in the country.

The new 500,000-square-foot Bengaluru campus will increase AMD’s India footprint to 10 locations across cities such as Bengaluru, Delhi, Gurgaon, Hyderabad, and Mumbai.

AMD’s investment comes at a time when the Indian government is making efforts to create a semiconductor and fabrication ecosystem in the country to reduce dependency on countries such as China and take advantage of the shifting supply chain trends in the semiconductor segment due to escalating chip war between the US and China.

In June, the Indian government started re-inviting applications for building semiconductor facilities in the country after several initial deals or applications stalled.

However, some of the new applications have not progressed as expected with Foxconn dropping out of a joint venture with Vedanta and Netherlands-based STMicroelectronics balking at finalizing an agreement to participate.

Copyright © 2023 IDG Communications, Inc.

Lora Helmin

Lora Helmin

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