The American multinational company AMD (advanced micro devices) has decided to invest $400 million in India for the next 5 years. They have decided to build the largest design center in the tech hub of Bengaluru. These new facilities at the Bengaluru technology hub will add 5,161 square meters and 10 new AMD offices in India.
Technology is becoming more pervasive in our culture and areas of our lives. The demand for chips for mobile phones, computers, TV, and many other devices means that production has to be increased and development continues without stopping.
Now that China’s semiconductor industry has taken a significant hit, countries are looking for alternatives. Component research, development, and production are essential to advance and produce enough for the more than 8,000 million people that dwell on the planet.
As investing in China is blocked by the United States, Europe, and Japan, other countries seek alternatives. In this way, AMD has found India for funding and has decided to invest for the next five years.
Chief Technology Officer Mark Papermaster of AMD announced at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. According to the CTO Officer Mark, this will allow India to play a vital role in providing AMD products to its customers worldwide.
Thanks to the decision to invest in India, it will create 3,000 new job opportunities for the next five years. What are your thoughts on the sudden shift of companies to invest in India instead of China? Share your thoughts in the comment section below.
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