After Micron and Applied Materials, India Attracts AMD's $400M Investment for New Bangalore Campus by 2028
Portfolio Pulse from Anusuya Lahiri
Advanced Micro Devices (AMD) plans to invest approximately $400 million over the next five years in India, including a new campus in Bangalore that will add around 3,000 new engineering roles by 2028. The new campus is expected to open before the end of 2023. The investment is backed by the Government of India. Other companies investing in India include Applied Materials (AMAT) and Micron Technology (MU).
July 28, 2023 | 11:40 am
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Applied Materials has a multi-year $400 million plan to set up an engineering center in India.
The investment by Applied Materials in India is part of a broader trend of tech companies investing in the country. While it could potentially lead to growth for the company, the impact is not immediate.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Micron Technology has invested $825 million in a semiconductor testing and packaging unit in Gujarat, India.
Micron Technology's investment in India is part of a larger trend of tech companies investing in the country. While it could potentially lead to growth for the company, the impact is not immediate.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
AMD plans to invest $400M in India over the next five years, including a new Bangalore campus. The investment is backed by the Government of India.
The investment indicates AMD's commitment to expanding its operations and workforce in India, which could potentially lead to increased revenues and growth for the company in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100