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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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Elon Musk says Bitcoin is “on the verge” of being more widely accepted

Bitcoin and billionaire Elon Musk have been in the news lately. Musk in a chat on social media app Clubhouse said that bitcoin is “on the verge” of being more widely accepted among investors. Just after the Clubhouse chat ended, he tweeted with the hashtag bitcoin, to propel the cryptocurrency further up by 14 percent.

Bitcoin is currently valued at around $33,620 (approximately Rs 24,55,974). Musk acknowledged that he is a supporter of bitcoin and further said that he was a little slow on the uptake and that he should have bought it eight years ago. Hinting that he already owns some bitcoin of his own.

What did Elon Musk discuss in the Clubhouse chat

During the Clubhouse chat, Musk stated that “I think bitcoin is on the verge of getting broad acceptance by conventional finance people.” Apart from this, Musk discussed Mars, his companies, and vaccines, among other topics.

He also interviewed Vladimir Tenev, co-founder of Robinhood. Who during his interview said that the news of Robinhood blocking retail investors is completely false and that the app had only temporarily halted trading to meet regulatory capital requirements.

Bitcoin, SpaceX, Tesla, Elon Musk, Cryptocurrency, Clubhouse

Musk also chatted about the Covid-19 vaccine status and said that he expects an avalanche of them soon. (Image: Wikimedia Commons)

To recall, Elon recently tweeted “GameStonk!!” in support of small investors trying to short squeeze hedge funds trying to bring down its stock price by shorting it. Stonk is a slang for stocks widely used on social media. It has been recently seen that when Musk tweets about a company or a commodity, their stocks seem to start soar. For example, when he tweeted about Signal, the stock of Signal Advance Inc, a non-related company jumped a lot, even though it not being linked to the instant messaging app.

Apart from all of this, Musk also chatted about the Covid-19 vaccine status and said that he expects an avalanche of them soon. He added that the authorities should focus on giving out the first dose of vaccines first and worry about the second shot later, to speed things up.



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