AMD to invest $400 mn in India

Gandhinagar: US chipmaker Advanced Micro Devices (AM) on Friday announced a $400 million investment in India over the next five years and said it will build its largest design centre in Bengaluru. AMD chief technology officer Mark Papermaster made the announcement at the annual semiconductor conference. India’s chip market is set to reach about $64 billion in 2026, triple what it was in 2019, according to Counterpoint Research.