AMD announced on July 27, 2023, that it will invest $400 million in India over the next five years. The investment will be used to open a new research and development campus in Bengaluru, Karnataka, which will be AMD's largest such facility in the world.
The new campus will create 3,000 new jobs in India, and it will focus on developing new semiconductor technologies for the global market. AMD said that the investment is a sign of its commitment to India and its growing semiconductor ecosystem.
The announcement was made by AMD's CTO, Mark Papermaster, at the Semicon India 2023 conference in Bengaluru. Papermaster said that the investment is a "significant milestone" for AMD and that it will help the company to "lead the way in the next generation of semiconductor innovation."
He also said that the investment is a vote of confidence in India's semiconductor ecosystem and its talent pool. "India has a deep pool of engineering talent, and we are excited to tap into that talent to help us develop the next generation of semiconductor technologies," Papermaster said.
The investment from AMD is a major boost for India's semiconductor ecosystem. The country is already a major player in the global semiconductor manufacturing market, and the investment from AMD is a sign that India is becoming a major player in the semiconductor design market as well.
The investment is also a sign that the global semiconductor industry is increasingly looking to India for talent and innovation. AMD is not the only company that has made significant investments in India in recent years. Other major semiconductor companies, such as Intel and Qualcomm, have also made major investments in India.
The increasing investment from global semiconductor companies is a sign that India is becoming a major player in the global semiconductor industry. This is a positive development for India's economy, as the semiconductor industry is a high-growth industry with high-paying jobs.
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