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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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Twitter CEO Jack Dorsey donates Rs 1.5 crores to help India fight COVID-19 second wave

Microblogging site Twitter joins several other tech giants and announced to donate Rs 1.5 crore to help India fight the COVID-19 second wave. As per latest data, the country close to 4lakh cases everyday and over 4,000 deaths due to the widespreading virus. Previously, tech companies such as Google, Microsoft, Xiaomi, among others have announced to provide COVID-19 relief to India.

Twitter CEO Jack Dorsey took to the social media platform on Monday to announce that the amount has been donated to three non-governmental organisations including Care, Aid India and Sewa International USA. Dorsey further reveals that CARE has been given USD 10 million, Aid India and Sewa International USA have received USD 2.5 million, respectively.

The social media platform in an official statement said, “Sewa International is a Hindu faith-based, humanitarian, non-profit service organisation. This grant will support the procurement of lifesaving equipment such as oxygen concentrators, ventilators, BiPAP (Bilevel Positive Airway Pressure) and CPAP (Continuous Positive Airway Pressure) machines as part of Sewa International”s ‘Help India Defeat COVID-19” campaign.” “Equipment will be distributed to government hospitals and COVID-19 care centers and hospitals,” the statement further added.

Sewa International’s vice president for Marketing and Fund Development Sandeep Khadkekar thanked Dorsey for the donation. “Our administrative costs are about five per cent, meaning that every dollar a donor offers, we spend 95 cents of it on the work that it is earmarked for. In these past two weeks, we have seen how overwhelmed India’s healthcare system is, and we want to do as much as we can to come to the aid of people who are deeply affected. Twitter”s generosity will go a long way in helping us do the work we want to do, and that we need to do,” Khadkekar said.

Twitter further said, the grant of USD 10 million will support CARE’s urgent action to help address the deadly second wave of COVID-19 infections devastating India. “Funds will be used to supplement government efforts by setting up temporary COVID-19 care centers; providing oxygen, PPE kits and other critically needed emergency supplies for frontline health workers; and addressing vaccine hesitancy and helping ensure that people get vaccinated, particularly in remote, marginalised communities in India,” it said in an official statement.

With inputs from PTI



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