AMD plans to enter India in a big way, ties up with HSMC for chip manufacturing: Ravi Shankar Prasad
Chip maker AMD plans to enter Indian electronics sector in a big way and has already tied up with HSMC for chip manufacturing in the country, Telecom Minister Ravi Shankar Prasad said today.
AMD CEO and President Lisa Su met Prasad and conveyed that the company is committed to transform India into electronics manufacturing hub.
"AMD wants to come to India in a big way," Prasad said.
AMD has entered into an MoU with HSMC to explore various options for providing technology licence to manufacture micro processors in the semi conductor fabs.
The government is working to make India a big hub of electronics manufacturing and is giving providing various incentives to companies to set their shop here.
Demand for electronic products in India is expected to reach $400 billion by 2020.