Photo: economictimes.indiatimes.com
SoftBank's Graphcore plans $1.3 billion chip investment in India
SoftBank's Graphcore is investing £1 billion in India, including a new research hub in Bengaluru, highlighting the country's growing significance in the artificial intelligence semiconductor market.
- Graphcore, a British chip designer owned by SoftBank Group, plans to invest £1 billion in India, focusing on expanding its operations in the AI semiconductor sector.
- The investment includes establishing a new research hub in Bengaluru, aiming to tap into India's rapidly growing technology ecosystem and skilled engineering workforce.
- This announcement is part of a UK business delegation led by Prime Minister Narendra Modi, emphasizing strong UK-India cooperation in technology and innovation.
Why It Matters
This investment by SoftBank's Graphcore not only underscores India's emergence as a key player in the artificial intelligence and semiconductor industries but also reflects broader trends of international tech collaboration and investment in the region.