Rahul Bhagat
U.S. chipmaker AMD plans to invest approximately $400 million in India by 2028 and establish its largest design center in Bengaluru, the country's tech hub.
AMD's CTO announced the investment at a semiconductor conference in Gujarat, where industry leaders like Foxconn's Chairman and Micron's CEO also spoke.
Despite being a late entrant in the field, the Modi government has actively encouraged investments in India's chip sector to position the country as a prominent chipmaking hub.
AMD aims to open its new design center campus in Bengaluru by the end of this year and expects to generate 3,000 new engineering roles within the next five years.
The 500,000-square-foot campus will expand AMD's presence in India to 10 locations, employing over 6,500 professionals.
AMD's chips are widely used in devices, and the company is developing an AI chip to compete with Nvidia Corp.