SemiConducter manufacturer AMD to invest 3300 Crore in India

AMD, a leader in high-performance adaptive computing, on Friday announced a five-year investment of $400 million (about Rs 3,300 crore) in India and the launch of a 500,000 sq ft research and development campus in Bengaluru, which it said is the biggest company ever.

When AMD's new campus opens before the end of 2023, it will have plenty of lab space, cutting-edge collaboration technology and team seating arrangements.

Union Minister for Electronics and Information Technology Ashwini Vaishnaw appreciated the decision.

“AMD's decision to set up its largest R&D center in India and the expansion of the India-AMD partnership... will certainly play an important role in building a world-class semiconductor design and innovation ecosystem and provide tremendous opportunities for our large pool of high-quality skilled semiconductor engineers and researchers and will be a catalyst for Prime Minister Narendra Modi's vision to make India a global talent hub,” said Rajeev Chandrasekhar, Minister of State for Electronics and IT.

India is trying to establish itself as a major electronics manufacturing powerhouse globally by luring semiconductor and display makers with a $10 billion incentive program.

Since opening its first office in New Delhi in 2001, AMD has been involved in the Indian semiconductor industry. There are 10 AMD offices spread across Bengaluru, Delhi, Gurgaon, Hyderabad and Mumbai.