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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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Reliance Jio might invest in TikTok, early discussions with ByteDance going on: Report

As ByteDance continues to struggle in the US, a new report claimed on Thursday that China-based company that owns the short-video making app TikTok may sell its India business to Reliance Jio amid uncertainties around its operations in the country.

Citing people familiar with the early-stage discussions, TechCrunch reported that the “two companies began conversations late last month and have yet to reach a deal”.

TikTok’s business in India “is being valued at more than $3 billion”. ByteDance or Reliance Jio were yet to comment on the report.

The speculations come at a time when several employees working with TikTok’s parent company ByteDance are actively seeking opportunities outside the company as the platform stares at an uncertain future due the ban on the app in the country.

ByteDance has nearly 2,000 employees in India and has now put the pause button on new hiring. Soon after India announced the ban on TikTok, along with 58 other apps over national security concerns, TikTok CEO Kevin Mayer who is also the COO of ByteDance said that employees are the company’s “biggest strength” and their wellbeing its “topmost priority”.

Watch Video: 5 smart wearables with dedicated SpO2 monitor in India

However, these assurances appeared to be not enough to calm the minds of many of the company’s anxious employees. Their worries mounted after the platform faced threat of a similar ban from the Donald Trump administration in the US even as Microsoft disclosed plans to buy TikTok service in the US, Canada, Australia and New Zealand by mid-September – a deadline set by the US President.

Written with agency inputs



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