With India positioning itself as a significant player in the global semiconductor landscape, Advanced Micro Devices Inc
The chipmaking giant views India as a burgeoning market and an essential development hub for innovation and technology growth.
Speaking to CNBC, AMD CEO Lisa Su highlighted India's strategic importance, calling it integral to the company's global operations. The Bengaluru design center, AMD's largest R&D facility outside the U.S., employs over 8,000 people. It also plays a crucial role in hardware, software, and systems development.
AMD has pledged $400 million in investments in India through 2028. The goal is to bolster its infrastructure and foster a comprehensive semiconductor ecosystem.
Su told the Economic Times that AMD is collaborating with the Indian government to develop two supercomputers focused on weather forecasting. She described these projects as examples of the suitable investments being made in the country.
Additionally, Su highlighted the potential of artificial intelligence (AI) as the most transformative technology in five decades, with AMD's products aiming to make AI more efficient and accessible over time.
Su emphasized that India plays a pivotal role in AMD's global portfolio. Every product line passes through the country's design center. These initiatives align with India's ambitions to become a leader in semiconductor manufacturing and artificial intelligence.
Establishing such ecosystems requires time, Su says. She's also optimistic about India's progress, pointing to its success in attracting global investments and developing critical infrastructure.
AMD plans to cut around 1,000 jobs, accounting for 4% of its global workforce, as part of its resource realignment strategy.
The chip designer aims to sharpen its focus on competing with Nvidia Corp
The chipmaker has been heavily investing in developing AI chips, which are highly sought after by significant hyperscalers such as Microsoft Corp
Price Action: AMD stock is up 1.85% at $140.91 premarket at last check Monday.
