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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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Nothing will launch wireless earbuds this summer, more products to follow

Nothing has finally confirmed that it will launch its product, a pair of wireless earbuds, this summer. Earlier this month, Nothing hinted at a new product announcement in a tweet, which was later deleted. It looks like the company is now ready to talk about what it has in store for users.

OnePlus co-founder Carl Pei told Bloomberg that his company, Nothing is also developing a suite of smart, connected consumer electronics, which will be released later this year. For those unaware, Nothing was launched last month as a consumer technology brand, which will mainly develop audio smart products. Unfortunately, Pei did not reveal specific details on the design, specifications of his new wireless earbuds.

Earlier this month, the company tweeted about a milestone announcement, which was interpreted as a product launch in the following week. “A new important milestone in Nothing’s journey is coming up next week,” the tweet read. However, the tweet was deleted a day later.

Carl Pei left OnePlus in October last year to start its new venture. Nothing was announced on January 27, though the company is yet to unveil its first device. The reason, as cited by Pei to leave OnePlus was so that he can be a lot more creative with what he chooses to spend my 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.”

Nothing received $15 million in Series A funding from Alphabet Inc’s venture capital unit, GV Team, previously known as Google Ventures.

The company has already completed a $7 million round in seed investment financing in December 2020 that 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.



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