Skip to main content

Featured Post

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...
1 comment
Read more
Labels

Reliance AGM 2020: Google joins as a strategic partner and investor with a Rs 33,737 crore investment

Industry giant Reliance has just confirmed a significant development at its 43rd Annual General Meeting (AGM). As part of the the reveal, the company revealed that it is teaming up with Google for investment. The company also revealed that Google will work with the company as a strategic investor and partner.

In addition, the company also shared investment details around this deal with Google. Google will invest about Rs 33,737 cores for a 7.7 percent stake in the Jio Platforms. Google joins a number of other technology companies, investment funds and more to power Jio Platforms. Let’s check out the details regarding the investments that companies have made in Reliance Jio Platforms here.

Google to invest in Reliance Jio Platforms; details

This announcement came just hours before the initial reports emerged hinting at the investment. According to the information available, the company also shared that it teaming up with Google for an Android-based OS. Reliance will take the Android-based OS and likely use it in its entry-level 4G or 5G smartphone. In addition, Google CEO Sundar Pichai also addressed the AGM viewers while sharing a statement regarding the partnership. Pichai also noted that the investment in Reliance is part of its “Google for India Digitization Fund”. This means that the company will divert $4.5 billion to its Reliance Jio investment.

Reliance to work with Google on Android-based OS, entry-level 5G smartphone

Also Read

Reliance to work with Google on Android-based OS, entry-level 5G smartphone

For some context, Google India shared some details around the fund in its Google for India event. Mukesh Ambani noted that this partnership is currently subject to regulatory review in India. Google noted that it is its first investment in the Indian market as part of its fund.

Reliance also noted that it will team up with Google, Qualcomm and Intel to make future tech products. The company also shared some information regarding its plans regarding the 5G trails and rollout. Beyond this, it also talked about a number of new Jio products including Jio TV+, and JioGlass.



from BGR India https://ift.tt/2OrlWUq
via IFTTT
Email Post
Labels:

Comments

Post a Comment

add