New Delhi: Chipmaker AMD plans to enter the Indian electronics sector in a big way and has inked a memorandum of understanding (MoU) with HSMC for chip manufacturing in the country, Telecom Minister Ravi Shankar Prasad said on Tuesday.
AMD CEO and president Lisa Su met Mr 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,” Mr Prasad said.
According to an official, Ms Su discussed matters related to semi-conductor policy and its fab proposal.
AMD has entered into an MoU with HSMC to explore various options for providing technology licence 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 companies to set their shop here.
Demand for electronic products in India is expected to reach $400 billion by 2020.