Lagatar24 Desk
New Delhi, July 28: AMD, a leader in high-performance adaptive computing, on Friday announced a five-year investment of USD 400 million (about Rs 3,300 crore) in India and the launch of Bengaluru’s 500,000-square-foot R&D campus, which it stated to be the company’s largest ever.
The new AMD campus will have a lot of lab space, cutting-edge collaboration technologies and team seating arrangements when it opens before the end of 2023.
Ashwini Vaishnaw, the Union Minister for Electronics and Information Technology, praised the decision.
“AMD’s decision to set up its largest R & D design center in India and 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 highly skilled semiconductor engineers and researchers and will catalyse PM Narendra Modi’s vision of India becoming a global talent hub,” said Rajeev Chandrasekhar, Minister of State for Electronics and IT.
India is attempting to establish itself as a major powerhouse of electronics production on a worldwide scale by luring semiconductor and display manufacturers with a 10 billion USD incentive programme.
Since opening its first site in New Delhi in 2001, AMD has been involved in the Indian semiconductor industry. There are 10 offices of AMD spread out over Bengaluru, Delhi, Gurgaon, Hyderabad and Mumbai.
