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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: Qualcomm Ventures follows Intel Capital to invest Rs 730 crore for a 0.15 percent stake

Jio Platforms, the digital subsidiary of Reliance Industries, has announced stake sale to Qualcomm Ventures. The venture arm of Qualcomm Incorporated has agreed to invest Rs 730 crore for a 0.15 percent stake. This is the 13th deal for the company since it announced the first deal with Facebook in April. RIL has raised a total of Rs 1,18,318.45 crore through sale of 25.24 percent stake. Qualcomm Ventures joins Intel Capital as a minority stake holder in Jio Platforms.

Jio Platforms: Unprecedented fund raising

Jio Platforms could be the biggest thing to ever come from India. It’s promise of digitally transforming the nation has found following among investors like KKR, Silver Lake, Vista, General Atlantic, Mubadala and PIF. With the addition of Intel Capital, the digital arm showed that it is willing to add strategic players as investors. Qualcomm, which is the driving force behind 5G, does not want to be left behind. The investment is another strategic play to stay in the fastest growing smartphone market.

With this new deal, the company has an equity value of Rs 4.91 lakh crore and enterprise value of Rs 5.16 lakh crore. “The investment will deepen the ties between Qualcomm and Jio Platforms, to support Jio Platforms on its journey to rollout advanced 5G infrastructure and services for Indian customers,” Qualcomm said in a statement. After the PIF deal, it seemed like Jio Platforms won’t sell any additional stake in the company.

However, it is now giving away smaller equity to strategic partners. We could see more such deals but it is not clear what percentage of equity stake RIL plans to sell. Reliance Jio, which is a fully owned subsidiary of Jio Platforms, has over 388 million 4G subscribers. It is also the one poised to deploy 5G first in India once the government completes the auction process. It’s greenfield 4G network is being promoted as capable of being switched to 5G with the help of software.

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

With Qualcomm onboard, the company will have one of the strongest partner with deep interest in 5G. In India, commercial 5G services are not expected to commence until 2022. However, when it does, most 5G smartphones will use Qualcomm Snapdragon 5G chipsets. This partnership could allow Jio to build it’s 5G infrastructure that takes the most advantage of Qualcomm’s 5G modem. For now, the technology arm of RIL continues to add high-profile investors while the pandemic is slowing the economy.



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