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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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Sony expects PlayStation 5 shortages could continue till 2022

Sony Group has warned a group of analysts that its popular PlayStation 5 game console will remain in short supply through 2022. This will constraint the company’s ability to boost sales targets for its latest games console.

Sony Group Corp during its results call in late April, announced that it had sold 7.8 million units of the PlayStation 5 through March 31, and it aims to sell a minimum of 14.8 million in the current fiscal year. These numbers will help the company continue the momentum to reach PlayStation 4 sales figures, which to date have crossed 115.9 million units.

After the results ended, the company in a briefing told analysts as reported by Bloomberg, that it is having difficulties keeping up with strong demand for its latest console. This is in part due to the component shortages and secondly due to excessive demand. No official estimate has been provided by the firm as to when the supply will normalise. However, it does expect these shortages to extend to next year.

“I don’t think demand is calming down this year and even if we secure a lot more devices and produce many more units of the PlayStation 5 next year, our supply wouldn’t be able to catch up with demand,” said Chief Financial Officer Hiroki Totoki during the briefing, according to the Bloomberg report citing several unamed people who attended the briefing.

Totoki during the breifing also told analysts that the company needs to ramp up production as soon as possible to ensure that their consoles are available on store shelves. He states that the demand will continue to remain high regardless of the Covid-19 situation, he stated that the company is fully capable to capitalize on the stay-at-home entertainment surge triggered by lockdowns and emergency orders.

The company’s latest earnings report suggests that stay-at-home demand is levelling off. Monthly active users on PlayStation Network fell to 109 million at the end of the January-March period from 114 million a quarter earlier. Sales of games has also declined.



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