On Friday, U.S. chipmaker Advanced Micro Devices said it will invest about $400 million in India over the next five years and will establish its largest design center in the Bangalore Technology Center.。

AMD's chief technology officer, Mark Papermaster, made the announcement at the Indian Semiconductor Annual Conference "Semiconductor India 2023" on Friday in Indian Prime Minister Narendra Modi's home state of Gujarat。Foxconn Chairman Liu Yangwei and Micron CEO Sanjay Mehrotra also attended the flagship event.。

Despite its late development in the chip industry, Modi's government has been pushing for investment in India's emerging chip industry to establish itself as a chip manufacturing hub.。

In 2021, India also unveiled a $10 billion chip industry incentive plan, but the plan is in trouble because so far no company has been able to obtain permission to set up a manufacturing plant, and building a chip manufacturing plant is a core matter in Modi's ambitious plan to boost the Indian semiconductor market.。

In addition, AMD said it will open a new design center campus in Bangalore by the end of this year.。The new 500,000-square-foot campus will allow AMD to increase its presence in India to 10 locations, while creating 3,000 new jobs over the next five years.。

"Our India team will continue to play a key role in providing high-performance and adaptive solutions that support AMD's customers worldwide."。"。

In recent years, AMD chips have been used in a wide range of devices, from personal computers to data centers.。The California-based company is also working on an artificial intelligence chip that will compete with semiconductor market leader Nvidia。

Unlike top rival Intel, AMD outsources the production of chips it designs to third-party manufacturers such as TSMC.。TSMC and South Korea's Samsung are among the few elite chipmakers in the world to master cutting-edge chip manufacturing, and many countries are now vying for the technology to avoid the supply chain shocks they faced during the outbreak.。

Other investments in India include a $400 million multi-year plan drawn up in June by US chip equipment maker Applied Materials to set up an engineering hub, and chip maker Micron's investment in Gujarat of 8..$2.5 billion to build semiconductor test and packaging division。