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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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Byju’s online learning platform temporarily pauses ads featuring Shah Rukh Khan over Aryan Khan drug case

Online educational platform Byju’s has temporarily paused advertisements featuring brand ambassador Shah Rukh Khan over son Aryan Khan’s drug case.

A report from IANS suggests that Byju’s has stopped all ads featuring Shah Rukh Khan following criticism on social media for endorsing ads featuring SRK. Bollywood actor has been Byju’s brand ambassador since 2017. The online learning platform hasn’t officially commented on the matter yet.

Byju’s is on an acquisition spree this year. Overall, it has acquired nine businesses this year. The edtech giant is also exploring an initial public offering (IPO) which could value the company at around $40 billion-$45 billion.

Shah Rukh Khan has over 42 million followers on Twitter and 26.5 million followers on Facebook-owned Instagram.

The criticism came in the wake of arrests after a high-drama rave party raid on Cordelia Cruise ship during the Mumbai-Goa voyage by the NCB on October 2.

In a major setback for Shah Rukh’s son Aryan, a Mumbai court on Friday rejected his bail plea, and of two others who were among the 8 arrested.

Additional Chief Metropolitan Magistrate R.M. Nerlikar rejected the bail applications of Aryan, Arbaaz Merchant, and Munmun Dhamecha, on grounds of “maintainability”, upholding the contentions of the legal team of the Narcotics Control Bureau (NCB).

The developments came a day after all the eight accused were sent to judicial custody, and they shifted to the regular prisons from the NCB lockup.

(With inputs from IANS)

The post Byju’s online learning platform temporarily pauses ads featuring Shah Rukh Khan over Aryan Khan drug case appeared first on BGR India.



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