The consortium will be supported with technology and equity funding from chip maker AMD and memorandum of understanding to this effect has been signed with Andhra Pradesh government. The second largest chunk of investment has been announced by largest software maker Mircosoft, which has announced investment of $1.7 billion in the country on research and development, education, productivity and governance.
Following Microsoft closely is Intel, which has proposed to invest in research and development, marketing, education and setting up a venture fund.Ericsson has announced an investment of $250 million for telecom manufacturing and research and development in Chennai and Jaipur. Telecom major Nokia and Samsung have invested $200 million in the country on a manufacturing facility. Nokia is manufacturing handsets in Chennai and Samsung in Gurgaon. Tessolve Services too will spend $200 million in India on a Assembly Test Mark Pact facility in the Fab City that will come in Hyderabad.
Siemens, Flextronics and Elcoteq have announced an investment of $100 million each in the country. French telecom company Alcatel has lined up investment of $80 million in India. Aspcomomp has announced an investment of $70 million on setting up a hardware manufacturing facility in Chennai.
