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AMD commits $400 mn to expand India R&D
Mint Mumbai
|July 29, 2023
Investment will be made over five years to expand engineering operations
Advanced Micro Devices (AMD), which designs but doesn’t manufacture its own chips, will invest about $400 million in India over the next five years to expand research, development and engineering operations in the South Asian nation, Mark Papermaster, executive vice president and chief technology officer said on Friday.
“I am pleased to announce that AMD will invest approximately $400 million in India over the next five years," he said.
Making the announcement at the Semicon India 2023 conference, the top executive said that AMD will build a new campus in Bengaluru which will be AMD’s largest R&D facility in the world. AMD depends on its manufacturing partners to make the chips it designs.
This story is from the July 29, 2023 edition of Mint Mumbai.
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