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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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Huawei to reportedly sell its Honor sub-brand

Honor is Huawei’s sub-brand that focuses on launching cheaper smartphones compared to its parent brand. The relationship between both firms is similar to what we see between Xiaomi and Redmi or between OPPO and Realme. This looks like it could come to an end, as Huawei is reportedly planning to sell its Honor budget phone sub-brand.

Huawei will sell its Honor sub-brand

Reportedly, the Honor sale deal would be carried out for a price of 100 billion yuan (approximately 15.2 billion US dollars). Those involved in the purchase would be the conglomerate Digital China Group and the local government of the brand’s hometown of Shenzhen.

Previously, the possibility that the conglomerate Digital China Group was one of the potential buyers of the subsidiary Honor had been reported. Now, a new report has arrived from Reuters, which states that the Chinese giant plans to sell its sub-brand for a large sum to the local government and others.

The reason for the decision to sell Honor

honor

For those unaware, Huawei was apparently looking to sell its Honor segment as it has faced various supply limitations due to trade restrictions from the United States. As a result, the brand has lost its chip supply, and having a budget-oriented lineup would also put further pressure on its already shrinking inventory of available hardware.

This report also comes in the middle of the election process for the US Presidency, which appears to have a change of leadership. Although the change of government in the United States takes place, Huawei remains skeptical and does not expect any imminent change in policy that is favorable to its position.

In other words, accusations pointing to the Chinese giant as a possible security risk could still persist despite Joe Biden taking over the US government. The transaction is said to be “all cash” and will include nearly all of Honor’s assets, brands, research and development capabilities, and even supply chain management.



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