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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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OnePlus co-founder Carl Pei finally settles for ‘Nothing’

OnePlus co-founder Carl Pei has announced his consumer technology brand called Nothing, which is based in London. In a press release, Nothing revealed that its first smart devices will release in the first half of this year.

“It’s been a while since anything interesting happened in tech. It is time for a fresh breeze of change,” Pei said in a press release. “Nothing’s mission is to remove barriers between people and technology to create a seamless digital future. We believe that the best technology is beautiful, yet natural and intuitive to use. When sufficiently advanced, it should fade into the background and feel like nothing.”

The $7 million round in seed investment financing in December 2020 came from some of the top names in the tech industry including former Apple vice-president Tony Fadell, Casey Neistat (YouTuber), Kevin Lin (Co-founder of Twitch), Steve Huffman (CEO of Reddit), and Josh Buckley (CEO of Product Hunt). Kunal Shah, who is the founder of CRED has invested in Nothing as well.

“A giant reset button,” Pei wrote on Twitter, announcing his brand.

Carl Pei left OnePlus in October last year. Earlier this month, the founder and CEO of Nothing announced that he will begin his next venture on January 27, adding that he will be entering the audio segment. Pei said the reason to move from OnePlus was that he could be a lot more creative with what he chose to spend his time on.

“OnePlus is a really large company, compared to where we were when we were just started. And once the company is larger, you’re kind of set in your strategy,” Pei said. “So, by turning a blank page, I can be a lot more creative with what I choose to spend my time on.”



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