SoftBank’s Graphcore Plans $1.3 Billion Chip Investment in India
SoftBank-owned Graphcore, a British chip designer, is planning to invest £1 billion ($1.3 billion) in India. The investment package includes setting up a new research hub in the country. The move is part of Graphcore's strategy to expand its global footprint and tap into India's growing talent pool in the technology sector. The new research hub in India will focus on developing advanced semiconductor technologies and artificial intelligence (AI) solutions. The investment is expected to create hundreds of high-skilled jobs in India and contribute to the country's efforts to position itself as a hub for semiconductor and AI research and development. Graphcore's decision to invest in India underscores the growing importance of the Indian market and the country's potential to attract investments in the technology and innovation sectors.
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