AMD plans to invest approximately $400 million in India over the next five years and establish its largest design center in the country’s southern city of Bengaluru, joining a growing number of companies that are supporting India’s efforts to become a semiconductor manufacturing hub.
AMD CTO Mark Papermaster revealed the company’s investment intentions on Friday at the annual semiconductor conference SemiconIndia 2023 in Gujarat, the home state of Prime Minister Narendra Modi.
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In his keynote, Papermaster stated, “Our investment will build on over two decades of growth and successful presence in India.”
By the end of this year, AMD will expand its presence in India with the inauguration of a new design center in Bengaluru. This new facility will increase the number of AMD offices in India to ten, with locations in Delhi, Gurugram, Hyderabad, and Mumbai.
“Through these investments, AMD will further expand its research and development capabilities in India in support of the government’s India semiconductor mission and efforts to make India a strong semiconductor talent pool and nation,” he added.
The company with headquarters in Santa Clara, California, which began operations in the South Asian nation in 2001, has over 6,500 employees and 3,000 partners and contractors in the country. By the end of 2028, the semiconductor manufacturer is projected to have added 3,000 engineers to its workforce in the country.
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Indian electronics and information technology minister Ashwinn Vaishnaw stated, “We welcome AMD’s plan to expand its cutting-edge R&D engineering operations in India.”
At the conference are also Foxconn Chairman Young Liu, Micron CEO Sanjay Mehrotra, and Applied Materials semiconductor products group president Prabu Raju.
India aspires to become the world’s next major semiconductor manufacturing center. To entice semiconductor manufacturers to set up shop in the nation, the Narendra Modi-led administration announced a $10 billion incentive program in 2021. However, the government had to modify the program in June because the initial iteration did not receive the expected response from international businesses.
In June, Applied Materials, a manufacturer of semiconductors, announced a $400 million investment to establish its engineering center in India. Micron, a manufacturer of computer memory and data storage, unveiled a proposal to invest up to $825 million in a semiconductor plant in the United States last month.
“I applaud AMD’s decision to establish its largest R&D design center in India and the expansion of its partnership with India. It will undoubtedly play an essential role in the development of a world-class ecosystem for semiconductor design and innovation. It will also create tremendous opportunities for our large pool of highly skilled semiconductor engineers and researchers and accelerate Prime Minister Narendra Modi’s vision of India becoming a global talent hub, according to Rajeev Chandrasekhar, minister of State for electronics and information technology, skill development, and entrepreneurship.
