AMD Announces Plan to Invest Approximately $400 Million Over the Next Five Years to Expand Research, Development and Engineering Operations in India

Investment expected to create largest AMD design center with addition of approximately 3,000 engineering roles and new Bangalore campus opening before end of 2023 

GANDHINAGAR, India, July 28, 2023 (GLOBE NEWSWIRE)  Semi짯con짯In짯dia 2023  AMD (NASDAQ: AMD) today announ짯ced plans for con짯tin짯ued growth in India through an appro짯xi짯ma짯te $400M invest짯ment over the next five years. The plan짯ned invest짯ment includes a new AMD cam짯pus in Banga짯lo짯re, Kar짯na짯ta짯ka that will ser짯ve as the company셲 lar짯gest design cen짯ter, as well as the addi짯ti짯on of appro짯xi짯m짯ate짯ly 3,000 new engi짯nee짯ring roles by the end of 2028.

The new AMD cam짯pus is expec짯ted to open befo짯re the end of 2023 and will fea짯ture exten짯si짯ve lab space, sta짯te-of-the-art col짯la짯bo짯ra짯ti짯on tools and sea짯ting con짯fi짯gu짯ra짯ti짯ons desi짯gned to fos짯ter team짯work. The invest짯ment is sup짯port짯ed by the various poli짯cy initia짯ti짯ves of the Govern짯ment of India focu짯sed on the semi짯con짯duc짯tor industry.

We wel짯co짯me the AMD plan to expand its lea짯ding-edge R&D engi짯nee짯ring ope짯ra짯ti짯ons in India, said Mr. Ashwi짯ni Vaish짯naw, Uni짯on Cabi짯net Minis짯ter for Rail짯ways, Tele짯com짯mu짯ni짯ca짯ti짯ons, Elec짯tro짯nics and Infor짯ma짯ti짯on Tech짯no짯lo짯gy, Govern짯ment of India.

I wel짯co짯me AMD셲 decis짯i짯on to set up its lar짯gest R&D design cen짯ter in India and expan짯si짯on of the India-AMD part짯ner짯ship. It will cer짯tain짯ly play an important role in buil짯ding a world class semi짯con짯duc짯tor design and inno짯va짯ti짯on eco짯sys짯tem. It will also pro짯vi짯de tre짯men짯dous oppor짯tu짯ni짯ties for our lar짯ge pool of high짯ly skil짯led semi짯con짯duc짯tor engi짯neers and rese짯ar짯chers and will cata짯ly짯se PM Naren짯dra Modi셲 visi짯on of India beco짯ming a glo짯bal talent hub, said Mr. Rajeev Chandra짯sek짯har, Minis짯ter of Sta짯te for Elec짯tro짯nics and IT, Skill Deve짯lo짯p짯ment and Entrepreneurship.

From a handful of employees in 2001 to more than 6,500 employees today, AMD has grown its India foot짯print based on the strong foun짯da짯ti짯on estab짯lished by our local lea짯der짯ship and the high짯ly skil짯led talent pool, said Mark Paper짯mas짯ter, exe짯cu짯ti짯ve vice pre짯si짯dent and chief tech짯no짯lo짯gy offi짯cer, AMD. AMD has one of the industry셲 broa짯dest pro짯duct port짯fo짯li짯os fue짯led by growth in arti짯fi짯ci짯al intel짯li짯gence, net짯wor짯king and 6G com짯mu짯ni짯ca짯ti짯ons, and our India teams will con짯ti짯nue to play a pivo짯tal role in deli짯ve짯ring the high-per짯for짯mance and adap짯ti짯ve solu짯ti짯ons that sup짯port AMD cus짯to짯mers world짯wi짯de. 쏝y fur짯ther inves짯t짯ing and expan짯ding our pre짯sence in Banga짯lo짯re, we are com짯mit짯ted to dri짯ving inno짯va짯ti짯on in India to sup짯port the India Semi짯con짯duc짯tor Mission.

AMD has been an acti짯ve part of the semi짯con짯duc짯tor eco짯sys짯tem in India sin짯ce 2001 when the company셲 first site was estab짯lished in New Delhi. The new 500,000-square-foot Banga짯lo짯re cam짯pus will increase the AMD office foot짯print to 10 total loca짯ti짯ons across the짯se cities: Banga짯lo짯re, Delhi, Gur짯gaon, Hyde짯r짯a짯bad and Mumbai.

Sup짯port짯ing Resources

About AMD
For more than 50 years AMD has dri짯ven inno짯va짯ti짯on in high-per짯for짯mance com짯pu짯ting, gra짯phics and visua짯liza짯ti짯on tech짯no짯lo짯gies. Bil짯li짯ons of peo짯p짯le, lea짯ding For짯tu짯ne 500 busi짯nesses and cut짯ting-edge sci짯en짯ti짯fic rese짯arch insti짯tu짯ti짯ons around the world rely on AMD tech짯no짯lo짯gy dai짯ly to impro짯ve how they live, work and play. AMD employees are focu짯sed on buil짯ding lea짯der짯ship high-per짯for짯mance and adap짯ti짯ve pro짯ducts that push the boun짯da짯ries of what is pos짯si짯ble. For more infor짯ma짯ti짯on about how AMD is enab짯ling today and inspi짯ring tomor짯row, visit the AMD (NASDAQ: AMDweb짯siteblogLin짯ke짯dIn and Twit짯ter pages. 


This press release con짯ta짯ins for짯ward-loo짯king state짯ments con짯cer짯ning Advan짯ced Micro Devices, Inc. (AMD) such as AMD셲 plans to invest appro짯xi짯m짯ate짯ly $400 mil짯li짯on over the next five years India; the expec짯ted bene짯fits of AMD셲 invest짯ment in India; the expec짯ted timing, acti짯vi짯ties, fea짯tures and bene짯fits of AMD셲 new cam짯pus in Banga짯lo짯re, Kama짯ta짯ka; and AMD셲 plans to add approximately3,000 new engi짯nee짯ring roles by the end of 2028, which are made pur짯su짯ant to the Safe Har짯bor pro짯vi짯si짯ons of the Pri짯va짯te Secu짯ri짯ties Liti짯ga짯ti짯on Reform Act of 1995. For짯ward-loo짯king state짯ments are com짯mon짯ly iden짯ti짯fied by words such as 쐗ould, 쐌ay, 쐃xpects, 쐀elie짯ves, 쐏lans, 쐇ntends, 쐏ro짯jects and other terms with simi짯lar mea짯ning. Inves짯tors are cau짯tio짯ned that the for짯ward-loo짯king state짯ments in this press release are based on cur짯rent beliefs, assump짯ti짯ons and expec짯ta짯ti짯ons, speak only as of the date of this press release and invol짯ve risks and uncer짯tain짯ties that could cau짯se actu짯al results to dif짯fer mate짯ri짯al짯ly from cur짯rent expec짯ta짯ti짯ons. Such state짯ments are sub짯ject to cer짯tain known and unknown risks and uncer짯tain짯ties, many of which are dif짯fi짯cult to pre짯dict and gene짯ral짯ly bey짯ond AMD셲 con짯trol, that could cau짯se actu짯al results and other future events to dif짯fer mate짯ri짯al짯ly from tho짯se expres짯sed in, or impli짯ed or pro짯jec짯ted by, the for짯ward-loo짯king infor짯ma짯ti짯on and state짯ments. Mate짯ri짯al fac짯tors that could cau짯se actu짯al results to dif짯fer mate짯ri짯al짯ly from cur짯rent expec짯ta짯ti짯ons include, wit짯hout limi짯ta짯ti짯on, the fol짯lo짯wing: Intel Corporation셲 domi짯nan짯ce of the micro짯pro짯ces짯sor mar짯ket and its aggres짯si짯ve busi짯ness prac짯ti짯ces; glo짯bal eco짯no짯mic uncer짯tain짯ty; cycli짯cal natu짯re of the semi짯con짯duc짯tor indus짯try; mar짯ket con짯di짯ti짯ons of the indus짯tries in which AMD pro짯ducts are sold; loss of a signi짯fi짯cant cus짯to짯mer; impact of the COVID-19 pan짯de짯mic on AMD셲 busi짯ness, finan짯cial con짯di짯ti짯on and results of ope짯ra짯ti짯ons; com짯pe짯ti짯ti짯ve mar짯kets in which AMD셲 pro짯ducts are sold; quar짯ter짯ly and sea짯so짯nal sales pat짯terns; AMD셲 abili짯ty to ade짯qua짯te짯ly pro짯tect its tech짯no짯lo짯gy or other intellec짯tu짯al pro짯per짯ty; unfa짯vorable cur짯ren짯cy exch짯an짯ge rate fluc짯tua짯tions; abili짯ty of third par짯ty manu짯fac짯tu짯r짯ers to manu짯fac짯tu짯re AMD셲 pro짯ducts on a time짯ly basis in suf짯fi짯ci짯ent quan짯ti짯ties and using com짯pe짯ti짯ti짯ve tech짯no짯lo짯gies; avai짯la짯bi짯li짯ty of essen짯ti짯al equip짯ment, mate짯ri짯als, sub짯stra짯tes or manu짯fac짯tu짯ring pro짯ces짯ses; abili짯ty to achie짯ve expec짯ted manu짯fac짯tu짯ring yields for AMD셲 pro짯ducts; AMD셲 abili짯ty to intro짯du짯ce pro짯ducts on a time짯ly basis with expec짯ted fea짯tures and per짯for짯mance levels; AMD셲 abili짯ty to gene짯ra짯te reve짯nue from its semi-cus짯tom SoC pro짯ducts; poten짯ti짯al secu짯ri짯ty vul짯nerabi짯li짯ties; poten짯ti짯al secu짯ri짯ty inci짯dents inclu짯ding IT outa짯ges, data loss, data brea짯ches and cyber-attacks; poten짯ti짯al dif짯fi짯cul짯ties in upgrading and ope짯ra짯ting AMD셲 new enter짯pri짯se resour짯ce plan짯ning sys짯tem; uncer짯tain짯ties invol짯ving the orde짯ring and ship짯ment of AMD셲 pro짯ducts; AMD셲 reli짯ance on third-par짯ty intellec짯tu짯al pro짯per짯ty to design and intro짯du짯ce new pro짯ducts in a time짯ly man짯ner; AMD셲 reli짯ance on third-par짯ty com짯pa짯nies for design, manu짯fac짯tu짯re and sup짯p짯ly of mother짯boards, soft짯ware and other com짯pu짯ter plat짯form com짯pon짯ents; AMD셲 reli짯ance on Micro짯soft and other soft짯ware ven짯dors sup짯port to design and deve짯lop soft짯ware to run on AMD셲 pro짯ducts; AMD셲 reli짯ance on third-par짯ty dis짯tri짯bu짯tors and add-in-board part짯ners; impact of modi짯fi짯ca짯ti짯on or inter짯rup짯ti짯on of AMD셲 inter짯nal busi짯ness pro짯ces짯ses and infor짯ma짯ti짯on sys짯tems; com짯pa짯ti짯bi짯li짯ty of AMD셲 pro짯ducts with some or all indus짯try-stan짯dard soft짯ware and hard짯ware; cos짯ts rela짯ted to defec짯ti짯ve pro짯ducts; effi짯ci짯en짯cy of AMD셲 sup짯p짯ly chain; AMD셲 abili짯ty to rely on third par짯ty sup짯p짯ly-chain logi짯stics func짯tions; AMD셲 abili짯ty to effec짯tively con짯trol sales of its pro짯ducts on the gray mar짯ket; impact of govern짯ment actions and regu짯la짯ti짯ons such as export admi짯nis짯tra짯ti짯on regu짯la짯ti짯ons, tariffs and trade pro짯tec짯tion mea짯su짯res; AMD셲 abili짯ty to rea짯li짯ze its defer짯red tax assets; poten짯ti짯al tax lia짯bi짯li짯ties; cur짯rent and future claims and liti짯ga짯ti짯on; impact of envi짯ron짯men짯tal laws, con짯flict mine짯rals-rela짯ted pro짯vi짯si짯ons and other laws or regu짯la짯ti짯ons; impact of acqui짯si짯ti짯ons, joint ven짯tures and/or invest짯ments on AMD셲 busi짯ness and AMD셲 abili짯ty to inte짯gra짯te acqui짯red busi짯nesses; impact of any impair짯ment of AMD셲 tan짯gi짯ble, defi짯ni짯te-lived or inde짯fi짯ni짯te-lived intan짯gi짯ble assets, inclu짯ding good짯will, on AMD셲 finan짯cial posi짯ti짯on and results of ope짯ra짯ti짯on; rest짯ric짯tions impo짯sed by agree짯ments gover짯ning AMD셲 notes, the gua짯ran짯tees of Xilinx셲 notes and the revol짯ving cre짯dit faci짯li짯ty; AMD셲 indeb짯ted짯ness; AMD셲 abili짯ty to gene짯ra짯te suf짯fi짯ci짯ent cash to meet its working capi짯tal requi짯re짯ments or gene짯ra짯te suf짯fi짯ci짯ent reve짯nue and ope짯ra짯ting cash flow to make all of its plan짯ned R&D or stra짯te짯gic invest짯ments, as well as the impact of finan짯cial insti짯tu짯ti짯on fail짯ure on AMD셲 cash and cash equi짯va짯lents; poli짯ti짯cal, legal, eco짯no짯mic risks and natu짯ral dis짯as짯ters; future impairm짯ents of tech짯no짯lo짯gy licen짯se purcha짯ses; AMD셲 abili짯ty to attract and retain qua짯li짯fied per짯son짯nel; AMD셲 stock pri짯ce vola짯ti짯li짯ty; and world짯wi짯de poli짯ti짯cal con짯di짯ti짯ons. Inves짯tors are urged to review in detail the risks and uncer짯tain짯ties in AMD셲 Secu짯ri짯ties and Exch짯an짯ge Com짯mis짯si짯on filings, inclu짯ding but not limi짯t짯ed to AMD셲 most recent reports on Forms 10멚 and 10멡.

AMD, the AMD Arrow logo, and com짯bi짯na짯ti짯ons the짯reof, are trade짯marks of Advan짯ced Micro Devices, Inc. Other names are for infor짯ma짯tio짯nal pur짯po짯ses only and may be trade짯marks of their respec짯ti짯ve owners.