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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 tops chart in the Indian premium smartphone market in Q3

Apple tops the chart in the Indian premium smartphone market this third quarter. As per the latest report, strong demand for iPhone 12 and iPhone 11 helped Apple lead the premium smartphone market in India with a 44 percent share in the third quarter (July-September) of the year.

Apple was the highest growing brand in Q3 with 212 percent (on-year) growth and led the premium smartphone market (Rs 30,000 and above) with an impressive 44 percent share, according to the data given by the market research firm Counterpoint Research. The iPhone maker maintained its leading position in the ultra-premium segment (Rs 45,000 and above) too with a 74 percent market share.

“Strong demand for the iPhone 12 and iPhone 11 were the major factors in Apple’s growth. Apple also became the top 5G smartphone brand in the premium segment for the first time,” the report noted.

Apple has also witnessed a strong demand for its newly-launched iPhone 13 series in the festive season. At the second place in the premium smartphone segment, Apple’s nearest competitor OnePlus grew 55 percent (on-year) in the third quarter, driven by the OnePlus Nord Series.

During the quarter, OnePlus also registered its highest-ever shipments in the country. “The newly-launched OnePlus Nord 2 5G and Nord CE 5G were the driving factors in OnePlus growth. Nord series cumulative shipments cross 3 million units,” as per the latest report.

(With IANS inputs)

The post Apple tops chart in the Indian premium smartphone market in Q3 appeared first on BGR India.



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