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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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Facebook CEO Mark Zuckerberg loses $7 billion in an hour, drops in the billionaire list

Social media giant Facebook CEO Mark Zuckerberg faced a significant loss after WhatsApp, Facebook, and Instagram stopped working for hours. Zuckerberg lost nearly $ 7 billion in one hour after social media services owned by the tech giant across the world were disrupted on Monday. According to a Bloomberg report, Facebook‘s stock has declined due to global service disruptions. Zuckerberg also dropped to fifth place in the list of billionaires. His net worth is $ 121.7 billion. He has slipped behind Bill Gates on the wealth list after Monday’s financial shock.

The report states, “The stock slide on Monday sent Zuckerberg’s worth down to $121.6 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s down from almost $140 billion in a matter of weeks, according to the index.”

whatsapp, facebook, instagram down

Bloomberg Report

WhatsApp, Facebook, Instagram stopped working

It is worth noting that around 10 o’clock on Monday IST, all the services of Facebook around the world were down. As a result, Facebook is hitting the world of advertising. A large portion of advertising is removed from this platform by other companies. Zuckerberg suffered the ultimate financial loss as a result of removing ads from the Facebook Inc. network. Apart from Facebook, Instagram, WhatsApp, American telecom companies like Verizon, At&t, and T Mobile were also stalled for hours.

Mark Zuckerberg was previously ranked third on Bloomberg’s Billionaires Index. According to Bloomberg, Facebook’s stock fell 5 percent on Monday, down 15 percent from mid-September.

Apologizing for the disruption to Facebook, WhatsApp, and Instagram services, Tech Giant CEO Mark Zuckerberg personally apologized to his millions of users worldwide. He said the situation would return to normal by Tuesday.

Facebook owns the photo-sharing platform Instagram and the messaging platform WhatsApp. The agency did not mention the cause of the global disruption. A tweet shared on Instagram said, “Instagram and friends are having a hard time right now, and using them can be a problem for you. Stay with us; we’re in it! #Instagramdown.”

The post Facebook CEO Mark Zuckerberg loses $7 billion in an hour, drops in the billionaire list appeared first on BGR India.



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