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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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Apple Card Family launched, lets Family Sharing group members use your credit card

Two years after Apple Card was introduced, Apple has announced its expansion into the Family Sharing group. Apple has announced the Apple Card Family, which will be available for Apple Card users in the US in May.

Apple Card Family allows another person of the age of 18 years or above to co-own an Apple Card with the owner and share and merge their credit lines together.

In addition, up to five people can be added to an Apple Card account by sharing Apple Card with them in Wallet, known as participants. Anyone of 13 years of age or older who is a part of the same Family Sharing Group can be a participant of the Apple Card Family.

“Apple Card Family also enables parents to share Apple Card with their children, while offering optional spending limits and controls to help teach smart and safe financial habits. Apple Card Family is designed to help the Family Sharing group achieve a healthier financial life by making it easy to track spending, all on iPhone and with a single monthly bill,” Apple said in a press release.

The Apple Card owner and the co-owner can build credit history together, get the flexibility of a combined limit and share the responsibility of making the payments together, which will help provide transparency into each other’s spending. There will be a single monthly bill to pay.

Existing Apple Card customers can also merge their Apple Card accounts. Apple’s Daily Cash will be available for co-owners and participants as well for their Apple Card purchases.

Apple Daily Cash gives users up to 3 percent back of every purchase as cash on the Apple Cash Card. More benefits include unlimited 2 percent Daily Cash every time they use Apple Card with Apple Pay, and unlimited 3 percent Daily Cash on all purchases made directly with Apple.



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