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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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Realme sold over 8.3 million devices during festive sales in India

Chinese smartphone maker Realme on Wednesday announced that it had sold 8.3 million units of overall devices, of which 6.3 million were during festive days with 20 percent growth compared to the festive season last year.

Realme also became the fastest brand in the world reaching five crore sales of which which three crore came from India. It is also the world’s fastest growing smartphone brand for five consecutive quarters according to the Counterpoint Q3, 2020 Global Smartphone Shipment report.

“We are overwhelmed to see the adoption of Realme products at such a fast pace. Realme offers the most blockbuster products which are high on features, style and performance and is available across price segments,” said Madhav Sheth, Realme Vice-President and CEO, Realme India, Europe.

According to the company, its dare to leap approach has resulted in its fast growth within only 30 months since its launch. IDC India Monthly Wearable Device Tracker-September 2020 historical data release based on unit shipment revealed that Realme was ranked number one in the “Wearable Watch” category in India with 22.1 percent share during September 2020.

The company had released more than 50 Internet Of Things (IoT) products in 2020 and plans to double it in 2021. Realme said it had won five top International design awards and collaborated with world-class designers on its products through the Realme Design studio.

Meanwhile, Realme India CEO Madhav Sheth has confirmed that the company will bring its Realme X7 series in India next year. In a tweet, Sheth mentioned that the company was the first to bring 5G smartphones to India with Realme X50 Pro, and now it plans to “democratise 5G technology in 2021” with the launch of Realme X7 series starting in 2021.

To recall, the Realme X7 series is already available in China. It consists of two smartphones Realme X7 and X7 Pro. The Realme X7 price in China starts from RMB 1,799, which comes to roughly Rs 19,000. The X7 Pro is priced at RMB 2,199 (roughly Rs 23,500), which is for the 6GB + 128GB variant. The India price of the X7 could be closer to China price.

Written with agency inputs



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