The tech company AMD announced plans to invest $400 million and hire 3,000 specialists in its Bengaluru site over the next five years at Semicon India 2023 on July 28.
Mark Papermaster, Executive vice president and chief technology officer said, “AMD will invest approximately $400 million in India over the next five years. It will set up its largest R&D centre in Bengaluru, which is expected to open before this year ends. It also expects to add 300 additional engineers by 2028-end.”
With just a few employees in 2001 and more than 6,500 today, Mark claimed that AMD’s presence in India has grown dramatically over time. He credited this development to the strong foundation set by regional authorities and the presence of highly qualified experts in the nation.
“AMD has one of the industry’s broadest product portfolios fuelled by growth in artificial intelligence, networking and 6G communications, and our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” the AMD CTO mentioned.
He declared: “We are committed to fostering innovation in India to support the India Semiconductor Mission through additional investments and the expansion of our presence in Bangalore.”
The annual semiconductor conference is taking place in Gandhinagar, Gujarat, and PM Modi is in attendance. Other prominent companies in the sector attending include AMD, Micron, Cadence, Lam, and others.
“The semiconductor industry is like a mother. You can have many other sectors if you have it. Today, everything from cars to refrigerators, farm tractors to mobile phones, needs semiconductors, according to Union Minister Ashwini Vaishnaw at Semicon India 2023.
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