American multinational chipmaker Advanced Micro Devices (AMD) will invest around US$400 million in India over the next five years, the company said in a press release on Friday.The investment was announced by AMD Chief Technology Officer Mark Papermaster at the ongoing Semicon India Conference 2023 event being held in Gandhinagar, Gujarat, where Prime Minister Narendra Modi and several top cabinet ministers are in attendance.#WATCH | Gandhinagar, Gujarat: Mark Papermaster, EVP and CTO, Advanced Micro Devices (AMD) at Semiconductor India says, …AMD will invest $400 million in India in the next five years. AMD will enhance its R&D capabilities…We will build our largest design centre in… pic.twitter.com/Vt1bYREuYI— ANI (@ANI) July 28, 2023AMD CTO Papermaster further said that AMD will build a new campus in Karnatakas Bengaluru, which will be the companys largest design and R&D centre. The company also intends to add approximately 3,000 new engineering roles in the country in five years by 2028.Papermaster said, “The new AMD campus is expected to open before the end of 2023 and will feature extensive lab space, state-of-the-art collaboration tools and seating configurations designed to foster teamwork.“From a handful of employees in 2001 to more than 6,500 employees today, AMD has grown its India footprint based on the strong foundation established by our local leadership and the highly skilled talent pool.“By further investing and expanding our presence in Bangalore, we are committed to driving innovation in India to support the India Semiconductor Mission.”The new 500,000-square-foot Bengaluru AMD campus will be the chipmaking companys 10th office in the country across Bengaluru, Delhi, Gurugram, Hyderabad and Mumbai.PM Modi, Ashwini Vaishnaw, Rajeev Chandrasekhar attend AMD announcementThe Prime Minister was in attendance at the event, where he invited global semiconductor companies to invest in the country, saying that the companies which are first to respond to the invitation will have a first movers advantage.PM Modi said, “You have to develop a chip-making ecosystem for Indians. I believe whosoever comes forward will have a first movers advantage.”Rajeev Chandrasekhar, Minister of State for Electronics and IT, Skill Development and Entrepreneurship, said, “I welcome AMDs decision to set up its largest R&D design center in India and expansion of the India-AMD partnership. It will certainly play an important role in building a world class semiconductor design and innovation ecosystem. It will also provide tremendous opportunities for our large pool of highly skilled semiconductor engineers and researchers and will catalyse PM Narendra Modis vision of India becoming a global talent hub.”Ashwini Vaishnaw, Union Cabinet Minister for Railways, Telecommunications, Electronics and Information Technology, said, “We welcome the AMD plan to expand its leading-edge R&D engineering operations in India.”
