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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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COVID-19 second wave effect: Amazon Prime Day sale paused in India due to rising COVID cases

Just like last year, Amazon has paused its annual Prime Day sale in India this year. This report comes from CNBC as confirmed to the publication by an Amazon spokeswoman on Friday.

So, why has Amazon paused the Prime Day sale in India? The reason behind pausing the annual Prime Day sale in the country is surely the second COVID-19 wave that majorly hit the country and left thousands dead.

The e-commerce giant hasn’t yet confirmed if the Prime Day sale will take place once the COVID situation is in control or not. Maintaining the government’s guidelines, currently, Amazon is delivering only essential products sand services in certain Indian states, which are under lockdown.

For the unaware, the Prime Day sale happens mid every year alongside Flipkart’s Great Indian sale. During the Prime Day sale, Amazon offers best discounts and deals on products across categories including smartphones and more. The event usually takes place in July mainly to boost sales.

As India struggles to fight COVID-19’s second wave, tech giants such as Amazon, Google, Apple, Microsoft, among others have come forward with help in the form of donations or supply of medical equipment such as oxygen concentrators and more.

With every passing day, COVID-19 cases in India are rising at a massive scale. As of latest update, the daily COVID cases in India have crossed the 4lakh mark.



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