US Chipmaker AMD Plans $400 Million Investment In India By 2028

US chipmaker Advanced Micro Devices said on Friday it will invest nearly $400 million in India in the next five years and will build its largest design center in the tech hub of Bengaluru.

AMD's announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi's home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra, according to a Reuters report.

Despite being a late entrant, the Modi government has been courting investments into India's nascent chip sector to establish its credentials as a chipmaking hub.

AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years, stated the Reuters report.

"Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide," Papermaster said.

The new 500,000-square-foot (55,555 square yards) campus will increase AMD's office footprint in India to 10 locations. It already has more than 6,500 employees in the country, added the Reuters report.

From personal computers to data centers, AMD chips are used in a wide range of devices. The Santa Clara, California-based firm is also working on an artificial intelligence chip that will take on market leader Nvidia Corp.

Unlike its top rival Intel, AMD outsources production of chips it designs to third-party manufacturers like Taiwan's TSMC.

TSMC and the South Korea's Samsung are among the elite few chipmakers globally to have mastered cutting-edge chipmaking, a technology many nations are now vying for to avoid supply chain shocks, such as faced during the pandemic, Reuters reported.