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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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PayPal veteran Sanjay Bhargava to join Elon Musk’s Starlink as India Country Director

PayPal’s veteran Sanjay Bhargava has confirmed to join Elon Musk’s SpaceX as Starlink Country Director India. Bhargava joins the tech company starting October 1.

On Wednesday, Bhargava mentioned in a LinkedIn post that he is excited about the new role.

“Super excited to join SpaceX effective Oct 1, 2021, as Starlink Country Director India. Had worked with @elonmusk on the PayPal founding team,” Bhargava wrote.

“Have been in India since 2004 and Starlink and I share a common passion for supporting a transformed India starting with Rural India,” he added.

Before this, Bhargava was the chairman of his co-founded investment advisory firm Bharosa Club.

Bhargava holds a B.Tech degree in Mechanical Engineering from the Indian Institute of Technology (IIT) Bombay and masters from the Indian Institutes of Management (IIM) Ahmedabad.

Meanwhile, recently, Musk stated on Twitter that his aerospace company SpaceX could soon launch satellite-based Internet service Starlink in India.

Musk replied to a Twitter post that the company is figuring out how the regulatory approval process in the country would work for Starlink.

“Just figuring out the regulatory approval process,” he wrote.

Starlink shipped 1,00,000 terminals to customers recently. The project aims to provide global broadband connectivity via a constellation of satellites.

(With Inputs from IANS)

The post PayPal veteran Sanjay Bhargava to join Elon Musk’s Starlink as India Country Director appeared first on BGR India.



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