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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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Zee5 launches HiPi, another TikTok rival in India

Amidst a sea of rivals that have been born since the TikTok ban in India, few competitors stand large. Now, streaming service Zee5 has added another fighter in the arena in the form of HiPi. The new app is another short-video creating tool that lets users create 90-second videos and share it amongst their circles.

Celebrities, influencers, and commoners can all shoot and upload 90-second videos on the new service HiPi, Tarun Katial, chief executive officer of Zee5, said in an interview. A part of Zee Entertainment Enterprises Ltd., HiPi will be defending its turf in the competition against Netflix Inc. and Walt Disney Co. to grow its subscribers in India.

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“The HiPi launch has nothing to do with the TikTok ban in India. We were working on HiPi for the last one year,” Katial said. Zee5 is now an “entertainment super-app” with content ranging from normal streaming fare to short videos to take on social media giants, he said.

The government of India recently banned a bunch of Chinese apps, citing security reasons. These include popular apps like TikTok, Shein, UC Browser, and others. Earlier around 59 Chinese apps were banned in the country and just a few days back 47 more clones of already banned apps were blocked. TikTok has gained a lot of popularity and has even defeated apps like Facebook and Instagram in terms of engagement scores or downloads.

India is one of the most important markets for TikTok, which is owned by ByteDance. The company is now in talks with the Indian government. The brand has told the government that it is ready to store data in India. It is also denying any breach of user privacy and sovereignty or integrity. TikTok is saying that it is committed to complying with local data laws and privacy requirements.

Facebook testing TikTok-style video feature in India: Here's how it looks

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Facebook testing TikTok-style video feature in India: Here’s how it looks

If the company successfully regains the trust, then this will be great news for TikTok creators. It is being reported that the brand has plans to open data centers in India. As of now, the data of Indian TikTok users are saved in third-party servers in the US and Singapore.



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