AMD and IIT-B join hands to support semiconductor startups in India

Global chip giant AMD on Monday announced a partnership with the Society for Innovation and Entrepreneurship (SINE), an incubator at IIT Bombay, under which the company will provide grants to IIT Bombay-incubated startups working on the development of energy-efficient Spiking Neural Network (SNN) chips.

The startups will work on devising ways to significantly reduce the energy consumption utilised by conventional neural networks, said the company.