AMD Plans To Invest $400 Million In India By 2028, Targeting Creation Of 3,000 Jobs

Advanced Micro Devices, a chipmaker based in the United States, announced on Friday that it plans to invest approximately $400 million in India over the next five years. Additionally, the company intends to establish its largest design center in Bengaluru, a prominent technology hub.

AMD chief technology officer Mark Papermaster made the announcement at the annual semiconductor conference, which began Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra.

Despite being a latecomer, the Modi government has been investing in India’s nascent chip sector to establish itself as a chip manufacturing hub.

AMD announced that it will open its new engineering center campus in Bengaluru by the end of this year and create 3,000 new engineering roles over five years.

“Our teams in India will continue to play a key role in delivering high-performance and adaptive solutions that support AMD’s customers worldwide,” Papermaster said.

The new 500,000 square foot (55,555 square yard) campus increases AMD’s office footprint in India to 10 locations. It already has more than 6,500 employees in the country.

From personal computers to data centers, AMD chips are used in a wide variety of devices. The Santa Clara, Calif.-based company is also working on an artificial intelligence chip that will take on market leader Nvidia Corp.

Unlike rival Intel, AMD outsources the production of the chips it designs to third-party manufacturers such as Taiwan’s TSMC.

TSMC and South Korea’s Samsung are among the few chipmakers globally that have mastered the latest chip manufacturing, a technology that many countries are now racing to avoid the supply chain disruptions faced during the pandemic.

India announced a $10 billion stimulus program for the chip sector in 2021, but the plan has failed as no company has so far managed to get permission to set up a manufacturing plant at the center of Modi’s ambitions.

Other Indian investments include US chip maker Applied Materials’ $400 million multi-year plan in June to set up an engineering center and chip maker Micron’s $825 million investment in a semiconductor testing and packaging unit in Gujarat.