Advanced Micro Devices, Inc. (AMD) has unveiled plans for a $400 million R&D facility in Bengaluru, India, marking its biggest research and development project globally. The venture, announced at the annual Semicon India chip conference, is expected to create 3,000 engineering jobs by year-end.
AMD said on Friday, July 28, that it will establish its design center in the technology center in Bengaluru. As per Reuters, the company's chief technology officer, Mark Papermaster, announced during the inauguration of the annual Semicon India chip conference in Gandhinagar, Gujarat.
Some notable guest speakers were also at the event, including Foxconn's chairman Young Liu and Micron's chief executive officer, Sanjay Mehrotra. Other important guests who graced the conference were India's Prime Minister Narendra Modi, Minister of State Rajeev Chandrasekhar, and Ashwini Vaishnaw, the Union Minister For Electronics and Information Technology.
The company is expected to open its newest design center by the end of this year. Once in operation, AMD will create around 3,000 new engineering job roles.
AMD's R&D facility will cover a 500,000-square-foot space, increasing the brand's office footprint in India to 10 sites. It employs over 6,500 workers in the region and has been making chips there for computers and data centers.
"AMD will invest $400 million in India in the next 5 years and we will establish a new campus in Bengaluru. This will be AMD's biggest R&D facility in the world," Outlook India quoted AMD's CTO, Mark Papermaster. "Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide."
Finally, AMD's design center is India's fourth major semiconductor project. The country's PM previously secured three large investment deals during his state visit to the United States in June.
Photo by: Timothy Dykes/Unsplash


Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
AI Stocks Rally in Asia as Oil Surge and Hawkish Central Banks Shake Global Markets
US-Iran Conflict Escalates Amid Oil Blockade and Rising Global Tensions
Oil Prices Rise Amid Iran Conflict and Strait of Hormuz Disruption
Oil Prices Surge Amid U.S.-Iran Tensions and Supply Disruption Fears
Dollar Gains Slightly as Yen Volatility Continues After Japan Intervention
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand
China Factory Activity Extends Growth in April Despite Global Pressures
U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation
FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case 



