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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...

Apple removes in-app purchase fee for online classes and events till June 2021

Apple has extended its deadline for requiring in-app purchases for online group events within iOS apps from December to June 30 next year. The tech giant earlier temporarily waived its customary 30 percent App Store fee on in-app purchases for paid online events by small businesses on Facebook.

The company said on Monday that as the world fights Covid-19, it recognizes that adapting experiences from in-person to digital continues to be a top priority.

“Although apps are required to offer any paid online group event experiences (one-to-few and one-to-many realtime experiences) through in-app purchase in accordance with App Store Review guideline 3.1.1, we temporarily deferred this requirement with an original deadline of December 2020,” Apple said in a statement.

“To allow additional time for developing in-app purchase solutions, this deadline has been extended to June 30, 2021”.

Facing flak for App Store’s 30 percent standard commission for paid app revenue and in-app purchases, Apple last week unveiled a new developer program that will reduce the charge by half for small businesses that earn up to $1 million in revenue from January 1.

Apple said the new “App Store Small Business Program” will benefit the vast majority of developers who sell digital goods and services on the store, providing them with a reduced commission on paid apps and in-app purchases.

To be launched on January 1, the program comes at an important time as small and independent developers continue working to innovate and thrive during a period of unprecedented global economic challenge.

Apple has specifically noted that the “apps offering realtime person-to-person experiences between two individuals” will be part of this offer. For example: tutoring students, medical consultations, real estate tours, or fitness training.

Written with agency inputs



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