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US Chipmaker AMD will invest $400 million in India over the next five years, the company’s CTO Mark Papermaster said Friday.
The California-based chipmaker will use that investment to open its biggest chip design centre in the tech hub of Bengaluru, Papermaster said.
The new 500,000-square-foot (55,555 square yards) campus will increase AMD’s office footprint in India to 10 locations. It already has more than 6,500 employees in the country.
AMD is a leading designer of semiconductor chips globally. Although, unlike some of its key rivals, it does not itself manufactures chips and outsources it to contract manufacturers like TSMC.
Papermaster and hundreds of other semiconductor industry executives have gathered in Gandhinagar, the capital of Prime Minister Narendra Modi’s home state of Gujarat for the country’s annual chip meet, SemiconIndia 2023.
The event is a part of an attempt by the Centre as it tries to pitch India as the new hub for chip making.
Micron Technology announced last month it will invest more than $800 million in India to set up semiconductor test and assembly plant in Gujarat. The Central government will invest over $1 billion in the plant from a $10 billion chip fund it set up in late 2021.
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