AMD Planning On Entering Indian Market In A Big Way
Semiconductor giant AMD plans to enter Indian electronics sector in a big way. AMD CEO and president Lisa Su met Indian telecom minister Ravi Shankar Prasad and conveyed that the company is committed to transforming India into electronics manufacturing hub. Mr Prasad said on Tuesday said that chip maker AMD is planning to enter Indian electronics sector in a big way.
“AMD wants to come to India in a big way,” Prasad said. According to an official, Su discussed matters related to semiconductor policy and its fab proposal. The government is working to make India a big hub of electronics manufacturing and is providing various incentives to the companies in order for them to set up their shop here.
AMD has entered into a Memorandum of Understanding with HSMC to explore various options for delivering technology license to manufacture microprocessors in the semiconductor fabs. The government is working to make India a big hub of electronics manufacturing and is giving providing various incentives to firms to set their shop in India. Demand for electronic products in the country is anticipated to reach $400 billion by 2020.
Demand for electronic products in India is expected to reach $400 billion by 2020 and local chip factory is crucial for manufacturing electronic products in the country.
Last month, AMD used its press conference at the 2016 Game Developers Conference to unveil a number of initiatives around Virtual Reality, which it is targeting as a major market and focus area going ahead. AMD revealed a new graphics card aimed at VR content developers, called the Radeon Pro Duo, which promises a mouthwatering 16 Teraflops of processing power. AMD is also expected to launch their Zen series of processors featuring DDR4 support and their next generation of GPUs and APUs featuring the Polaris architecture this year.