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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 now gets 6,598 crore investment from General Atlantic

A total of three companies have recently invested a big amount in Jio Platforms. Now, General Atlantic, a leading global growth equity firm, is the latest company to invest Rs 6,598.38 crore in Reliance Jio platforms. This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. So, the firm has bought a 1.34 percent equity stake in Jio Platforms on a fully diluted basis.

In less than four weeks, Jio Platforms has raised Rs 67,194.75 crore from leading tech investors. These include Facebook, Silver Lake, Vista Equity Partners, and General Atlantic. The latest company is a high profile investor in consumer tech space and has invested in firms like Alibaba, Box, ByteDance, Facebook, Slack, Snapchat, and Uber.

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Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “I am thrilled to welcome General Atlantic, a marquee global investor, as a valued partner. I have known General Atlantic for several decades and greatly admired it for its belief in India’s huge growth potential. General Atlantic shares our vision of a Digital Society for India and strongly believes in the transformative power of digitization in enriching the lives of 1.3 billion Indians. We are excited to leverage General Atlantic’s proven global expertise and strategic insights across 40 years of technology investing for the benefit of Jio.”

Jio Platforms gets third investment in three weeks; PE firm Vista invests Rs 11,367 crore

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Jio Platforms gets third investment in three weeks; PE firm Vista invests Rs 11,367 crore

Bill Ford, Chief Executive Officer of General Atlantic, said, “As long-term backers of global technology leaders and visionary entrepreneurs, we could not be more excited about investing in Jio. We share Mukesh’s conviction that digital connectivity has the potential to significantly accelerate the Indian economy and drive growth across the country. General Atlantic has a long track record working alongside founders to scale disruptive businesses, as Jio is doing at the forefront of the digital revolution in India.”



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