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AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...
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Indian government unveils new policies to overcome chip shortage

The Ministry of Electronics and Information Technology has given approval for the semiconductor policy. It is reported quoting sources that the government has given its permission to provide Rs 76 thousand crores. Companies like BHEL, MoschipTech, and Bosch will benefit significantly from this approval. The Tata Group had also expressed its interest in setting up semiconductor plants. Recently, semiconductor shortages are being seen all over the world.

The government has said that under this scheme, display and semiconductor fabricators will offer financial support up to 50 percent of the project cost. If India becomes a global electronics production hub, many electronic devices, including smartphones, will become cheaper. In such a situation, this government step will prove to be a significant advantage for Indians, and India’s dependence on countries will also be reduced.

Many foreign companies want to set up their chip production plant in India, and they are also in constant touch with the Government of India. In the coming times, India can see essential production plants of foreign companies, which will manufacture semiconductor chips and make displays.

Several companies show interest in setting Semiconductor companies in India, including Israel’s Tower Semiconductor, Apple’s contract manufacturer Foxconn, and Singapore-based companies. In addition, Vedanta Group has also shown its interest in the semiconductor unit.

As far as India is concerned, the country imports all types of semiconductors worth about $ 24 billion, expected to increase to $100 billion by 2025. Now, when the country and the world are struggling with the shortage of semiconductors, the government is again trying to make India self-reliant regarding semiconductors.

The job of a semiconductor is to power all electronic devices. You can do fast computing, operation control, data processing, storage, input-output management, sensing, and wireless connectivity through these. That is, without it, artificial intelligence, quantum computing, advanced wireless networks, blockchain applications, robots, drones, games, smartwatches, and even 5G technology cannot be imagined.

The post Indian government unveils new policies to overcome chip shortage appeared first on BGR India.



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