US chipmaker AMD to step up investment

American chipmaking giant AMD is looking at India not merely as a market but as a development hub with the company’s design centre in Bengaluru beginning to make an important contribution to its products.

AMD chief executive officer Lisa Su told media persons that AMD had made a commitment last year to invest $400 million in India over five years to promote R&D, but the target is likely to be reached much sooner at the current rate of investment and innovation.

She said, “India is such an important part of AMD, when we look across all of our global portfolio, every aspect of our product line goes through our design centre in the country.”

She pointed out that India possesses the skill sets for both hardware as well as software and AMD has doubled its staff strength in the country over the last two years.