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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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Xiaomi Mi Smart Upgrade announced for India, promises up to 70 percent buyback value

“On average, in India, users tend to change their devices every year and the value of the phone depreciates right after the purchase of the device,” says Xiaomi. It seems true indeed, given the high sales volumes all smartphone brands are pushing, even with an ongoing pandemic-induced economic depression. Hence, buyback programs are a good way to keep the cash inflow intact and Xiaomi has just announced one, called the Mi Smart Upgrade.

The Mi Smart Upgrade plan is essentially a buyback program started by Xiaomi for its customers. The plan can be bought with all new purchases from Xiaomi’s smartphone portfolio. The company promises buyback value of up to 70 percent on Mi and Redmi smartphones, given that the customer upgrades to a newer Xiaomi device. The plan can be purchased on all Mi retail outlets.

Mi Smart Upgrade plan details

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Xiaomi has detailed the Mi Smart Upgrade prices and terms in an official press release. Users can “encash their device any time after 3 months till 15 months of purchase, with exchange value ranging from 40 percent to 70 percent of the SRP of the phone.” Xiaomi says that users can get up to 70 percent of the assured value within 4-6 months. For a period of 7-9 months, the value drops to 60 percent. Buyers can get up to 50 percent under a period of 10-12 months and up to 40 percent on 13-15 months.

All these values are eligible from the date of purchase and final billing. Users can also get an assured buyback value of 40 percent of the suggested retail price even after the warranty expires till 15 months from the date of purchase of the old device. Xiaomi says that users can purchase the buyback options starting at the price point of Rs 399 for affordable devices such as the Redmi 9 Prime. For high-end devices such as the Mi 10, the prices will go up to Rs 1,999.

These plans work well if you upgrade to a new smartphone within a year. For buyers of premium smartphones such as the Mi 10 and Mi 10T, it assures a good value that surpasses the normal depreciated value of the smartphone. It also helps in reducing the price of the next Mi or Redmi smartphone you are purchasing. Do note that the plan is only available if you make the purchase from Mi Retail outlets.



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