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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 to buy Giphy and integrate its services with Instagram: Report

Tech giant Facebook is reportedly buying Giphy, the popular GIF-image making website. The price of the deal is reported to be $400 million. Further, the company is planning to integrate Giphy’s huge library of GIFs with its social media app Instagram, and of course, other Facebook applications.

Under the new deal, Giphy will live on as part of the Instagram team, reports The Verge. As per another report by NBC News, Facebook and Giphy have been discussing an acquisition deal for years. The website’s goal of making easy GIFs and being able to find them quickly will live on under the new structure. This will also make it easier to send GIFs in Instagram stories and direct messages. Facebook has also claimed that things will be the same for existing Giphy users.

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“People will still be able to upload GIFs; developers and API partners will continue to have the same access to Giphy’s APIs, and Giphy’s creative community will still be able to create great content,” said Instagram’s VP of product Vishal Shah in a recent blog post.

What is Giphy?

Giphy is one of the largest GIF websites on the web. It offers tools for people to create, share and modify GIFs. Facebook has in the past relied on Giphy’s API for sourcing GIFs into its applications for years. This includes Facebook’s own app, and also Instagram and WhatsApp.  Facebook has even claimed that its apps bring 50 percent of Giphy’s traffic, 25 percent of that coming from Instagram alone.

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Even apart from Facebook, a lot of other services rely on Giphy’s API for the supply of GIFs. This includes names like Twitter, Slack, Reddit, Pinterest, and more. Many of these services are direct social media competitors to Facebook, however. So it remains to be seen how the tension between the companies is kept in check moving forward.



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