AMD plans to invest $400 million in India over five years for chip research and development.

AMD, a leading US chipmaker, plans to significantly increase its investments in India, seeing the country as a vital development hub. The company's design center in Bengaluru is crucial for its products, and AMD has committed to investing $400 million in India over five years for research and development, a target that may be reached sooner due to current investment and innovation rates. AMD has doubled its staff in India over the past two years and is building two supercomputers there, aligning with India's ambitions to become a global player in semiconductors and AI. CEO Lisa Su praised Prime Minister Modi's vision, believing it will attract global companies and foster a robust tech ecosystem.

November 24, 2024
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