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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 gets 6th major deal as Mubadala to invest Rs 9093 crore for 1.85% stake

Jio Platforms has managed to get its sixth major deal in as many weeks. Mubadala Investment Company, a sovereign fund from Abu Dhabi will be investing Rs 9093.6 crore in Jio Platforms in exchange for 1.85 percent. After major moves from other companies including Facebook, the deal with Mubadala shows how Jio Platforms is shaping up as an eye-catching investment opportunity.

Mubadala manages a global portfolio for its shareholder, the Government of Abu Dhabi. The company manages about USD 229 billion in assets, at an enterprise value of Rs 5.16 lakh crore and an equity value of Rs 4.91 lakh crore. It operates in five continents with interests in multiple sectors including aerospace, ICT, semiconductors, metals and mining, renewable energy, oil and gas, petrochemicals, utilities, healthcare, real estate, pharmaceuticals and medical technology, agribusiness and a global portfolio of financial holdings across all asset classes.

Watch: Top smartphones under Rs 20,000 in India right now

Reliance Jio: The six major deals so far

Jio Platforms now has sold a combined stake of 18.97 percent in the six major deals so far. This began with Facebook Inc investing Rs 43,574 crore to buy 9.99 percent on April 22. Then Silver Lake Partners invested Rs 5,655.75 crore for 1.15 percent. This was followed by Vista Equity Partners which invested Rs 11,367.00 crore in Reliance Jio for 2.32 percent.

Soon after, General Atlantic invested Rs 6,598.38 crore in the company for another 1.34 percent. KKR then invested Rs 11,367 crore for 2.32 percent. And now, Abu Dhabi’s Mubadala has invested Rs 9093.6 crore for 1.85 percent. The latest deal takes the total amount of investment raised by Jio Platforms in six weeks to Rs 87,655.35 crore, as per a statement by RIL.

Reliance Jio 4X Benefit offer announced on recharges of Rs 249 and above; check details

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Perhaps the strong attraction towards Jio Platforms can be attributed to a few key points. The company is one of the top representatives for India’s digital potential. Its quick success has shown that the company also understands how the Indian market works.



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