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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 announces to release Q4 2021 earnings report on October 28

Apple will share its earnings results for the fourth fiscal quarter of 2021 on Thursday. The October 28 call will be held at 2 PM PDT/5 PM EDT with the company releasing its full earnings report, 30 minutes ahead. It will include a question-and-answer section with Apple CEO Tim Cook and CFO Luca Maestri.

In order to stream the call, a user need an iPhone, iPad, or iPod touch using Safari on iOS 12 or later. Mac users will need Safari running on macOS Mojave 10.14 or later. Apple TV owners will need a 2nd generation Apple TV or later.

Back in July, Apple CFO Luca Maestri claimed that the iPhone maker had registered records in all geographic segments, with double-digit growth in every product category.

“Our record June quarter operating performance included new revenue records in each of our geographic segments, double-digit growth in each of our product categories, and a new all-time high for our installed base of active devices,” Maestri said.

The iPhone maker posted quarterly revenue of $84.1 billion during its financial results for Q3 2021, covering the period between April 1 and June 26, 2021.

The quarter saw growth across all of Apple’s product lines, including services. iPhone sales hit $39.6 billion, up substantially from the previous year, with Mac, iPad, wearables, and services all beating their year-ago results, too.

With iPhone 13 series launch the brand is primed to build on its recent growth momentum in India with a potential double-digit growth for the full year.

With inputs from IANS.

The post Apple announces to release Q4 2021 earnings report on October 28 appeared first on BGR India.



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