The American chipmaker Advanced Micro Devices (AMD.O) announced on Friday that it will spend $400 million in India over the following five years and that Bengaluru will become the site of its largest design facility.

Mark Papermaster, AMD’s chief technology officer, made the news at the annual semiconductor conference, which began Friday in Gujarat, the home state of Prime Minister Narendra Modi. Foxconn (2317.TW) Chairman Young Liu and Micron (MU.O) CEO Sanjay Mehrotra are among the speakers at the main event.

The Modi administration has been pursuing investments into India’s developing chip industry despite its late entry to establish its credentials as a chipmaking centre.

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