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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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Ban sale of Chinese Shein products on Amazon India: Delhi HC sends notice to centre

Shein ban: Shein app was banned in India last year alongside some of the popular Chinese apps including PUBG Mobile, TikTok, Camscanner, among others. Just like PUBG Mobile, Shein announced to be back to India and sell its products on Amazon starting Prime Day sale. The Delhi High Court has now issued notice to the Ministry of Electronics & Information Technology seeking “ban, suspend, regulate” the sale of Shein products via Amazon India website.

As per ANI, the Public Interest Litigation (PIL) moved by Ananttika Singh sought “direction to the Union of India to appoint a third party committee at the cost of Amazon.in to make audits on the flow of data of the Indian consumers to Shein.” The Bench of Justice DN Patel and Justice Jyoti Singh reportedly refused to put any interim stay at the moment. The matter has been scheduled for August.

The petition filed through Advocates Preet Singh Oberoi and Amer Vaid also urged for a court direction to Amazon to partially suspend all partnership with Shein. The petition also stated that the e-commerce platform must assure the government of India that no user data will be shared in any form with Shein, which is a Chinese online shopping platform.

Image: Amazon

Earlier this month, Amazon announced that Shein products will be sold on the platform starting Prime Day sale. The Prime Day sale begins on July 26 for everyone and will continue until July 27. For Prime members, the sale will begin a day early on July 25 and these users will get early access to all deals available during the sale.

To recall, Shein Chinese online shopping app was banned in 2020 alongside PUBG Mobile and more. PUBG Mobile has been relaunched in India but as Battlegrounds Mobile India and is currently available only for Android users in the country. Alongside, ByteDance is also reportedly exploring opportunities to bring back the popular short video platform TikTok to the country but with a new name, TickTock.



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