AMD to invest $400 million for India expansion
Financial Express Mumbai|July 29, 2023
US-BASED SEMICONDUCTOR COMPANY AMD on Friday said it will invest $400 million to expand research, development and engineering operations in India over the next five years.
JATIN GROVER
AMD to invest $400 million for India expansion

The planned investment includes a new 500,000 sq ft campus in Bengaluru that will serve as the company's largest design centre. AMD expects to open the new R&D campus before the end of 2023. The facility will have extensive lab space and state-of-the-art collaboration tools.

It will result in approximately 3,000 new engineering roles by the end of 2028, Mark Papermaster, executive vice president and chief technology officer of AMD, said at Semicon India 2023 in Gandhinagar.

AMD said its investment is supported by the various policy initiatives of the government focused on the semiconductor industry.

This story is from the July 29, 2023 edition of Financial Express Mumbai.

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This story is from the July 29, 2023 edition of Financial Express Mumbai.

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