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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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Google in advanced talks with Jio Platforms over reported $4 billion investment: Report

Tech giant Google is reportedly in advanced talks with Reliance’s Jio Platforms for an investment. The expected USD 4 billion investment would be the latest in a string of big investments in the Indian company after big names like Facebook, Qualcomm, and Intel have invested in the company.

As per a report by Bloomberg, the California-based company has been discussing the deal with Jio Platforms for a while now. We could be looking at the official announcement in the next few weeks as per the report.

Watch: BGR Talks: Sameer Raje, Head of India – Zoom Video Communications

Over the past few months, Jio Platforms has turned into a magnet for Silicon Valley investors. The venture has attracted about USD 16 billion over multiple investments over the past three months. The company, digital wing of Mukesh Ambani’s Reliance, is on its way to becoming a much bigger name in the digital scenario in India. After an ever-rising trade war between the USA and China has practically eliminated Google’s chances of investing in China, India is the immediate next big digital market target for companies.

Google’s interest in Jio Platforms

A likely reason Google is eyeing Jio Platforms could be the immense cloud computing possibilities of the Indian venture. Telecom giants are turning to cloud computing for their next wave of expansion. As a provider, Google has lagged behind competitors in this growing sector, Sharma said. “Google has been more reactive than proactive,” said Chetan Sharma, a tech industry consultant.

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

The last investment in Jio’s bag was US-based Qualcomm. Jio Platforms has sold 25 percent of the stakes so far, taking the value of the venture to USD 65 billion. Facebook remains the largest investor in Jio Platforms so far with USD 5.7 billion. For Google, the USD 4 billion investment is pretty big, in fact, the largest that the company has made on a non-US-based venture so far.



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