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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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WhatsApp Pay faces antitrust accusation by India’s watchdog: Report

Facebook-owned WhatsApp’s payment service, WhatsApp Pay, launch in India has been in the rumor mill for quite some time. Last week, the company assured the Supreme Court of India that it would not roll out its payment services without complying with all payment regulations and norms in the country. Now, as per the latest Reuters report, it seems that the delay may extend further, as the service has attracted the attention of India’s watchdog over antitrust allegations.

WhatsApp is facing an accusation that it was bundling its digital payment facility within its messaging app. Allowing it to abuse its market position and penetrate India’s booming digital payments market as per the complaint reviewed by the Competition Commission of India (CCI) in mid-March.

According to the sources cited by Reuters, the case filed by a lawyer in March is held under review. As it has no particular evidence to wider probe into the allegations. The CCI can conduct its investigation order. Although no evidence is found, it will likely remove the case from its charges.

The source further went on to add that WhatsApp’s messenger service and its payments feature – are bundled. This could harm the competition and violate the country’s antitrust laws while detailing the allegations. However, the case is still in its initial stage, with no final decision from the part of the CCI members.

WhatsApp Pay opportunity

The company was supposed to launch WhatsApp Pay in India back in 2019. However, data compliance issues and regulations have kept launch in abeyance since. In 2018, WhatsApp was granted a beta license to launch its payment service as a separate app. A petition moved in the apex court declared its existing mode inconsistent with the Unified Payment Interface (UPI) Scheme. It is estimated that the UPI-based WhatsApp Pay service will reach over 400 million users.



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