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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 shines in June quarter, posts record sales for iPhones, Macs and iPads

Apple posted results for third quarter earlier on Wednesday. The results showed that the Cupertino based tech giant has shined in the quarter and the credit for it simply goes to iPhone, MacBook and iPad sales.

Besides showing massive growth in the quarter, Apple executives have warned that supply chain delays could impact the company’s revenue in the next quarter. Apple said that the supply chain delay could mainly impact iPad and iPhone.

Apple posts record revenue

The June quarter report showed that Apple’s revenue has gone up by 36 percent YoY, which totals at $81.41 billion for the quarter. It also highlights that iPhone revenue alone has gone up almost 50 percent and accounted for $39.57 billion.

Mac and iPad sales have also increased YoY. As per the report, Mac accounted for $8.24 billion and iPad for $7.37 billion in the quarter. Revenue of other Apple services have also gone up by 33 percent with $17.48 billion.

apple macbook air, macbook pro, mac mini

The other category including products such as AirPods and Apple Watch has also seen a growth. The category revenue increased by 40 percent YoY, which accounted for $8.77 billion, the report showed.

Pandemic could have helped

Analysts have suggested that the growth in revenue of Apple products could be due to the change on work life. With more and more people moving to work from home structure, the sales of faster laptops and mobile phones have gone up drastically.

Some analysts have also suggested that the increase in sales of iPads and Macs could be due to schools moving to home and students looking for laptops and iPads to attend classes on a regular basis. In this scenario, Apple’s Student discount program could have helped the company to increase sale.

The post Apple shines in June quarter, posts record sales for iPhones, Macs and iPads appeared first on BGR India.



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