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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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Apple to increase prices of apps, in-app purchases in India

App Store prices are increasing for consumers in India, Apple revealed on Monday. The Cupertino, California-based company has stated that over the next few days, the prices of apps and in-app purchases will go up in India, Brazil, Colombia, Indonesia, Russia, and South Africa. Additionally, consumers in Albania and Iceland will also see some changes. The price increase is coming from Apple’s end to account for changes in the current exchange rates as well as any new tax requirements.

As per a post by Apple on its developer site, apps and in-app purchase prices in India will now include a 2 percent equalisation levy that is over and above the existing GST rate of 18 percent. The equalisation levy was introduced in India in 2016 to tax the digital transactions. Basically, it is a tax on foreign e-commerce operators in the country that went into effect in April 2020.

While this levy won’t drastically impact the prices of apps, games, and in-app purchases, get ready to see some changes. Also, Apple says auto-renewable subscriptions won’t be impacted by the tax changes. It is also possible that some developers would absorb the price increase by sacrificing part of their profits and continue to offer the existing prices.

It is unclear whether Apple also want to increase the prices of its services, like Apple Music, Apple TV+, Apple Arcade, iCloud, in India.

Meanwhile, Apple’s iPhone 12 and iPhone 12 Pro are currently on pre-orders in the country and the sales will officially kick off on October 30. The iPhone 12 Pro Max and iPhone 12 mini will go on sale in November.

Further, a Bloomberg report has tipped that the iPhone maker will launch its new entry-level AirPods in first half of 2021. The company is also said to be working on newer AirPods Pro but there is no word on when those will reach the stores.



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