The American technology company AMD has revealed plans to invest $400 million over five years in India and establish a research and development facility in Bengaluru. Rajeev Chandrasekhar, India’s Minister of State for IT and Electronics, applauded the move and said it will assist the nation build a robust environment for semiconductor design and innovation, as well as open doors for talented semiconductor engineers and researchers.
Gandhinagar: According to Union Minister Rajeev Chandrasekhar on Friday, AMD’s plan to locate its largest R&D design lab in India will be crucial in establishing a top-tier semiconductor design and innovation ecosystem in the nation. Rajeev Chandrasekhar, the minister of state for IT and electronics, tweeted that it will also create enormous prospects for a big pool of highly qualified semiconductor engineers and researchers and establish India as a hub for global talent.
“I applaud AMD’s decision to expand the India-AMD collaboration and locate its largest R&D centre in New India. It will undoubtedly be crucial in creating a top-notch ecosystem for semiconductor design and innovation, Chandrasekhar tweeted.
The PM’s ambition of India becoming a magnet for talent will be accelerated, he continued, and it will also present enormous opportunity for our big pool of highly experienced semiconductor engineers and researchers.
AMD stated it will invest $400 million in India over the course of five years and will be a major partner in developing the country’s semiconductor ecosystem on Friday.
Its largest such facility in the globe, the business will construct a new research and development centre in Bengaluru.
AMD’s EVP and CTO Mark Papermaster announced at the SemiconIndia 2023 event that the company would invest $400 million in India over the next five years.
