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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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Union Budget 2021 on Made in India tablet: FM Nirmala Sitharaman breaks age-old tradition

Finance Minister Nirmala Sitharaman has broken the tradition of the annual budget presentation this year. Instead of the age-old briefcase containing files and folders of the documents, the FM will present the budget today on a Made in India tablet device. Earlier in the day, the minister showcased the red tablet sleeve carrying the National Emblem. There’s no idea on which tablet model is exactly used in this case.

The decision to present the Budget 2021 on a tablet seems like a strong message to mark India’s foray into the digital age. Prior to this, all Finance Ministers have gone with the tradition of carrying a briefcase full of files as well as folders. The government has confirmed that Sitharaman will be using a Made in India tablet device, although they don’t mention the make.

FM to present Union Budget 2021 on Made in India tablet

Budget 2021 tablet

Source: ANI

The new budget for the upcoming fiscal year starting April 1 is expected to bring several announcements regarding the technology sector. Sitharaman earlier said that this year’s budget will be “like never before”. Hence, we expect several reforms regarding smartphones, telecom, e-commerce, and more.

Last year, the government bumped up the GST on smartphones, which eventually led to an increase in prices across all categories. The COVID-19 pandemic also added to the costs, thereby increasing the prices.



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