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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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FTC may start a new antitrust investigation against Facebook

The Federal Trade Commission (FTC) is considering bringing Mark Zuckerberg (Facebook CEO) and Sheryl Sandberg (Facebook COO) for testimony. It would be held in order to investigate possible monopoly practices by part of the social network. This news comes from the Wall Street Journal.

The depositions are said to be part of a year-long investigation by the agency. This is to determine whether the social media giant is violating competition regulations and engaging in monopoly practices, the cited source said, citing anonymous sources.

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The U.S. FTC suspect Facebook for violation of antitrust law

As per Daily Business, Facebook’s top executives are preparing for such an eventuality. Elected officials will question Facebook founder and CEO along with three other heads of the country’s largest tech companies. These include Sundar Pichai (Alphabet, Google’s parent company), Tim Cook (Apple), and Jeff Bezos (Amazon).

Facebook has been under the sight of the Federal Trade Commission (FTC), the Department of Justice (DOJ), and the Judicial Committee of the US House of Representatives, for investigation of practices that infringe antitrust law and violation of privacy for some years.

It all came around when the company was found involved in a massive data breach through Cambridge Analytica. The same data was also apparently used for the presidential elections, where Donald Trump was the winner. Some reports indicate that Facebook and Google carried out monopolistic practices. According to estimates, the two companies control almost 60 percent of the Internet advertising market.

“We look forward to sharing our perspective on the subject of competition, along with other leaders in the tech industry, during the congressional hearing this month. While demonstrating to regulatory agencies that our innovations give consumers more choice,” a Facebook spokesperson told AFP. Regarding this new investigation, the FTC has made no confirmations in this regard, Reuters reports.



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