U.S. chipmaker Advanced Micro Devices (AMD) has announced plans to invest approximately $400 million (₹3,292.34 crore) in India over the next five years, Reuters reports. The investment includes the construction of AMD’s largest design centre in Bengaluru, a major tech hub in India.
AMD’s Chief Technology Officer, Mark Papermaster, made the announcement at an annual semiconductor conference in Gujarat. The new design centre, expected to be operational by the end of this year, will create 3,000 new engineering roles within five years.
Despite being a late entrant, India has been actively seeking investments in its nascent chip sector to establish itself as a chipmaking hub. The new 500,000-square-foot campus will increase AMD’s office footprint in India to 10 locations.
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