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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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Poco gains 300 percent growth over a year in early 2021, says IDC report

It has only been just over a year since Poco restarted its journey in India as a separate entity from Xiaomi. In this short amount of time, the brand has witnessed phenomenal growth, as suggested by the latest IDC Worldwide Quarterly Mobile Phone Tracker, May 2021 release. The company has registered a growth of 300 percent YoY in the first quarter of 2021.

Poco now fares among the top three smartphone brands in the country. The brand overtook Realme and OnePlus within a period of 10 months last November. Compared to the other brands, Poco has a limited lineup of smartphones by today’s standards. The company now brands itself as the “No. 3 online smartphone brand” in India.

Poco registers mega growth YoY

“Since the beginning, we have always believed in delivering the best of technology to meet the unique requirements of the POCO users. Our rise to the top 3 in the online smartphone space in just 10 months was a testimony of the love and trust we have received from our fans and consumers. This trust has helped us achieve yet another milestone by achieving the highest growth among the top ten smartphone brands in the first quarter of 2021,” says Anuj Sharma, Country Director, Poco India.

Poco M3 Pro 5G

“As we continue to grow in the market, we aim to focus on delivering the best and compelling proposition, without compromising on the quality of the devices, with continuous belief in our philosophy of “Everything you need and nothing you don’t,” he adds.

Poco has been coming up with aggressive products throughout the year. The Poco M3 that launched in February this year sold 5 lakh units within 45 days, reports the company. Similarly, the Poco X2 launched last year was rated as the best seller on Flipkart in the range of Rs 15,000-Rs 20,000. It’s successor, the Poco X3, also repeated the same move as the best one to buy under Rs 20,000.

The latest launch came in the form of the Poco X3 Pro, which marks the company’s return to its roots of high-performance smartphones at affordable prices. The Poco X3 Pro is currently the only phone under Rs 20,000 to feature the Snapdragon 860 chip. Going forward, the company is expected to launch the Poco M3 Pro to India and there are rumours of the 5G version headed to our shores as well.



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