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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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PM Modi announces to launch e-RUPI digital payments platform today

Prime Minister Narendra Modi has announced to launch e-RUPI digital payments platform today. PM has announced that the launch of the digital payment solution will happen on August 2 at 4:30 pm via video conferencing due to COVID-19 situation in the country.

The upcoming digital payments app e-RUPI has been developed by National Payments Corporation of India on its UPI platform, in collaboration with the Department of Financial Services, Ministry of Health & Family Welfare and National Health Authority.

What is e-RUPI?

e-RUPI is said to be a “cashless and contactless” platform for digital payment. The seamless one-time payment mechanism is a QR code or SMS string-based e-Voucher delivered to the mobile of the beneficiaries. Users will be able to redeem the voucher without a card, digital payments app or internet banking access, at the service provider.

The official press release notes that the upcoming e-RUPI digital payments platform connects sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface. The platform also ensures that the payment to the service provider is made only after the transaction is completed. “It assures timely payment to the service provider without involvement of any intermediary,” the official press release notes.

PM Modi expects e-RUPI to be a “revolutionary initiative in the direction of ensuring a leak-proof delivery of welfare services.” “It can also be used for delivering services under schemes meant for providing drugs and nutritional support under Mother and Child welfare schemes, TB eradication programmes, drugs & diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertilizer subsidies etc. Even the private sector can leverage these digital vouchers as part of their employee welfare and corporate social responsibility programmes,” the press release notes.

The post PM Modi announces to launch e-RUPI digital payments platform today appeared first on BGR India.



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