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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...

OnePlus India partners American Express for cashback deals, EMI offers and more

Smartphone brand OnePlus on Wednesday announced a partnership with American Express to provide customers with several offers on the purchase of OnePlus products in India. The partnership will provide cashback offers for customers on American Express Centurion, Platinum, Platinum Travel and Platinum Reserve cards in the country.

One can avail offers exclusively on OnePlus.in and OnePlus Store app, the company said in a statement.

“Partnering with American Express is truly unique as it marks the coming together of two premium brands to offer customers better value and enhanced customer experience,” said Navnit Nakra, Vice President, Chief Strategy Officer, and Head of Sales, OnePlus India.

Customers can enjoy 10 percent cashback across product categories listed on OnePlus.in for customers who purchase a product with a minimum listed price of Rs 40,000 and five per cent cashback across product categories on OnePlus.in for customers who purchase a product with a listed price of less than Rs 40,000.

The first-of-its-kind long-term offer will be available till December 31, 2021 on purchases made on OnePlus.in, with a maximum cashback of Rs 5,000 per card per month during the offer period, the company said.

The offer can also be availed on EMI and no-cost EMI purchases applicable on all EMI tenures and the cashback will only be applicable on transactions with a minimum transaction value of Rs 4,500.

In addition, eligible American Express cardholders who avail these offers will also receive a complimentary Red Cable Club Pro membership Care plan worth Rs 2,499. The Red Cable Care plan offers 12 months of OnePlus extended warranty and 50GB OnePlus cloud storage among several other exclusive benefits.

“This market-first partnership with OnePlus will enhance the value proposition for our card members and deliver a differentiated experience. Our collaboration will appeal to a broad set of consumers – from digital-native millennials to those looking for top-of-the-line premium products,” said Manoj Adlakha, SVP and CEO, American Express Banking India.

Written with agency inputs



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