Asia Express - Consumer Electronics
AMD Plans to Invest US$400 Million in India by 2028
August 01, 2023

U.S. chipmaker AMD has unveiled plans to invest approximately US$400 million in India over the next five years, aiming to expand its research, development, and engineering operations in the country, according to the press release of AMD on July 28. The investment includes the establishment of a new AMD campus in Bangalore, Karnataka, set to become the company's largest design center. It is expected to be operational before the end of 2023 and will bring in about 3,000 new engineering roles by 2028. The move is supported by the Government of India's policy initiatives focused on the semiconductor industry. AMD's commitment to growth in India reflects the country's increasing significance in the global technology landscape. 

According to predictions from the Market Intelligence & Consulting Institute (MIC), the global semiconductor market is expected to experience a 4.1% year-on-year decline, reaching approximately US$556.6 billion in 2023. Additionally, the shipment value of the Taiwanese semiconductor industry is projected to reach NT$41.1 billion (US$1.37 billion) in the same year, representing a 6.9% year-on-year decrease. MIC, established in 1987, is a division of the Institute for Information Industry (III), a prominent government think tank and one of the leading IT research institutes in Taiwan.