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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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Jio Platforms: Microsoft, Twitter, Mubadala and others looking to invest billions of dollars

Jio Platforms is becoming the new favorite among technology investors around the world. After seeing investments from Facebook, General Atlantic, KKR, Vista Equity Partners and Silver Lake, there is more interest in the company. Mukesh Ambani, the Chairman of Reliance Industries, has been vocal about taking in more direct equity investment. So far, Jio Platforms has sold 17.12 percent equity stake in the company to foreign investors.

There are already reports doing the rounds that Jio Platforms is seeing interest from other big investors with over a billion dollars to park. In the past few weeks, Jio Platforms has raised Rs 78,562 crore or $10.3 billion. It now has a valuation of Rs 4.91 lakh crore or $73 billion. After KKR bought 2.32 percent stake for Rs 11,367 crore, Jio Platforms’ ambitions seem to be getting green light from other big name investors.

Recent media reports have suggested that Microsoft, Google, Twitter, Abu Dhabi’s Mubadala and Saudi Arabia’s Sovereign Wealth Fund are also interested. According to Reuters, Abu Dhabi’s Mubadala wants to invest $1 billion in Reliance’s Jio Platforms. The report further notes that even Twitter is interested in investing more than $1 billion in Jio Platforms. The Jio Platforms investment would be the largest by Mubadala in an Indian firm.

Microsoft is also said to be looking at acquiring 2.5 percent stake in Jio Platforms for around $2 billion. Mint reports that “there is no guarantee that the investment will go through”. However, Microsoft has strong ties with Reliance through its Azure cloud partnership. If the Redmond-based tech giant goes ahead with this rumored investment then it should not come as a surprise. Microsoft is looking at edge computing as the future and the telecom player will be a valuable partner.

What is Jio Platforms and why investors are pouring money in it

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What is Jio Platforms and why investors are pouring money in it

Financial Times reported yesterday that Google was also looking to invest in Jio Platforms. However, it has now drifted towards making investment in Vodafone Idea Limited, the telecom major under severe stress in India. If all these deals materialize then wait to hear some big investment coming in for Bharti Airtel, the company which has held strong despite significant growth seen by the new entrant since 2016. Despite run-up in share price, Airtel is seen as value purchase in the investor market.



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