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AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...
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Facebook Shops will let small businesses list products across various apps

Facebook Shops is the latest effort from the social media giant to help businesses to list products for sale. CEO Mark Zuckerberg announced Facebook Shops and it will make it easier for companies to list their products on Facebook and Instagram. The free service will allow businesses to list products on their Facebook Page, Instagram profile, Stories or in ads. Zuckerberg said this is just a start for businesses looking to build commerce on Facebook and its platforms.

Facebook CEO said businesses will be able to sell products to consumers directly via chat features of WhatsApp, Messenger and Instagram Direct in the future. With Facebook Shops, businesses will also be able to tag products during Facebook and Instagram livestreams. These tags will be clickable like Instagram product listings. When a Facebook or Instagram user clicks on them, they will be directly taken to the product order page. Facebook Shops is a platform that wants to let businesses list their products across multiple apps.

Facebook Shops announced by Mark Zuckerberg

For Facebook, shopping has been one of the biggest focus areas and Instagram has been on top of this business. “It’s one simple and consistent experience across this family of apps, which means it is easier for people. That of course means there’ll be higher conversions and more sales for small businesses,” Zuckerberg said during a livestream to announce Facebook Shops.

Since the outbreak of COVID-19 pandemic, Facebook has been trying to help small businesses. Facebook Shops in that direction to ramp up efforts to support small businesses get discovered and reach new consumers. Zuckerberg also revealed that small businesses make up the vast majority of Facebook’s more than 8 million advertisers. The company has also announced a $100 million program to support small businesses through grants.

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While Facebook Shops is meant to help small businesses reach new customers, it could be a boost to businesses as well. In the long-term, the service could become a gateway for the company to drive ad sales. “Our business model here is ads, so rather than charge businesses for Shops, we know that if Shops are valuable for businesses they’re going to in general want to bid more for ads,” Zuckerberg said on the livestream. “We’ll eventually make money that way.”



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