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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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TikTok’s parent ByteDance plans to sell its Indian TikTok assets to Glance: Report

TikTok was banned by the Indian government last year under section 69A of the Information Technology Act post the India – China tension at the Galwan Valley border. More than six months of being non-operational in the country a report from Bloomberg now hints that the ban on the short video platform could be lifted soon.

The report suggests that parent company ByteDance is exploring a sale of its Indian operations to Glance to bring back the short video platform to the country.  The report noted, “ByteDance Ltd. is said to be exploring a sale of the India operations of TikTok to rival unicorn Glance, in an attempt to resuscitate the once-thriving short video sharing app that’s been banned indefinitely in the South Asian nation.”

It further highlights that “the discussions have been initiated by Japan’s SoftBank Group Corp. conglomerate, according to people familiar with the talks, who declined to be identified because the talks are private as well as early and complex.” Notably, SoftBank backs both Glance’s parent company InMobi Pte and also TikTok’s parent ByteDance.

Tiktok most downloaded app

“The talks are between SoftBank, ByteDance and Glance and any deal will need a final seal of approval from Indian authorities. India banned thousands of Chinese apps including TikTok last year following intense hostility on the India-China border,” the report states.

Neither SoftBank nor ByteDance and Glance have commented on the matter yet.

Soon after TikTok was banned in India several Indian developers introduced alternative short video platforms to get the millions of TikTokers onboard.

Meanwhile, TikTok is non-operational in the country and has been removed from both the Google Play store as well as Apple App store. In line with the ban, ByteDance recently laid off over 1800 Indian employees.



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