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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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Yahoo Groups to shut down from December 15

Facing a steady decline in usage over the last several years, Yahoo has made the decision to shut down Yahoo Groups from on December 15. Verizon, which bought Yahoo in 2017, announced the decision on Tuesday which marks the end of the road for one of the largest message board systems on the Web of its time.

“Yahoo Groups has seen a steady decline in usage over the last several years. Over that same period, we’ve witnessed unprecedented levels of engagement across our properties as customers seek out premium, trustworthy content,” the company said in a message posted on the website.

“While these decisions are never easy, we must sometimes make difficult decisions regarding products that no longer fit our long-term strategy as we hone our focus on other areas of the business”.

The Yahoo Groups service was launched in 2001 and could not complete against new platforms like Reddit, Google Groups and Facebook Groups.

On October 12, the creation of new groups will be disabled and on December 15, people will no longer be able to send and receive emails from Yahoo Groups. The website will no longer be accessible too. Yahoo Mail will continue to function normally.

“The emails you have sent and received will remain in your email, though beginning December 15 messages will not be sent or received from your group members. If you try to email your group after December 15, your message will not be delivered and you will receive a failure notification,” the company informed.

That US wireless communications service provider Verizon bought Yahoo’s tottering internet business for a mere $4.8 billion in 2017.

Written with agency inputs



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