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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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MoS IT Rajeev Chandrasekhar and Tim Cook discuss boosting manufacturing and exports

Apple CEO Tim Cook on Wednesday met Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, and discussed how to further boost local manufacturing and iPhone exports.

Apple logged a record over $5 billion in iPhone exports from India in FY23.

“It was a delight to meet @tim_cook CEO, @Apple and his team to engage on Apple’s strategic and long-term partnership with and in India’s digital journey,” the minister said in a tweet.

“We discussed deepening and broadening manufacturing, exports, skilling of youth, expanding app an innovation economy and job creation,” Chandrasekhar added.

Mobile phone exports rose from Rs 45,000 crore in FY22 to Rs 90,000 crore in FY23, surpassing the previous estimate of Rs 75,000 crore.

The outstanding performance of the performance-linked incentive (PLI) scheme for mobile phones serves as an inspiration for other electronic segments to emulate this success in increasing manufacturing and exports.

The Apple ecosystem in India has generated over one lakh new direct jobs in manufacturing in the last two years, according to Chandrashekhar.

“About 70 per cent of these are 19-24 year old women, who are starting their careers, acquiring skills and improving the ease of living for their families,” he added.

Apple began manufacturing iPhones in India in 2017, and since then, the company has worked with suppliers to assemble new iPhone models and produce a growing number of components.

— IANS

The post MoS IT Rajeev Chandrasekhar and Tim Cook discuss boosting manufacturing and exports appeared first on Techlusive.



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