After Micron and Applied Materials, India Attracts AMD's $400M Investment for New Bangalore Campus by 2028

Advanced Micro Devices, Inc AMD shared plans for continued growth in India through an approximate $400 million investment over the next five years. 

The planned investment includes a new AMD campus in Bangalore, Karnataka that will serve as the company's most prominent design center and add approximately 3,000 new engineering roles by the end of 2028.

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The new AMD campus will likely open before the end of 2023 and will feature extensive lab space, state-of-the-art collaboration tools, and seating configurations designed to foster teamwork. 

The Government of India will back the investment via various policy initiatives.

India, in 2021, launched a $10 billion incentive program for the chip sector.

Other investments in India include a multi-year $400 million plan by U.S. chip equipment maker Applied Materials, Inc AMAT in June to set up an engineering center, and chipmaker Micron Technology, Inc's MU $825 million investment in a semiconductor testing and packaging unit in Gujarat, Reuters reports.

"From a handful of employees in 2001 to more than 6,500 employees today, AMD has grown its India footprint based on the strong foundation established by our local leadership and the highly skilled talent pool," said Mark Papermaster, executive vice president, and chief technology officer.

The new 500,000-square-foot Bangalore campus will increase the AMD office footprint to 10 locations across these cities: Bangalore, Delhi, Gurgaon, Hyderabad, and Mumbai.

Price Action: AMD shares traded higher by 1.99% at $113.31 premarket on the last check Friday.

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