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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 is now called Meta, announces CEO Mark Zuckerberg

As predicted by the media and analyst last week, Facebook has changed its name for the first time since launch. As announced by CEO Mark Zuckerberg at the company’s Connect event last night, Facebook will not be called Meta. That’s right, not Metaverse, but Meta.

At the event, Zuckerberg said, “we are a company that builds technology to connect.” “Together, we can finally put people at the center of our technology. And together, we can unlock a massively bigger creator economy,” he added.

For clarity, the name change has been for the parent company and not any of the products or services. This suggests that the name of Facebook app, Messenger, WhatsApp and Instagram will remain as it is.

Similarly, in 2015 Google renamed its parent company to Alphabet.

Why the name change?

CEO Zuckerberg said that the name Facebook doesn’t completely encompass everything that the company does now and is still closely linked to one product. He said, “over time, I hope we are seen as a metaverse company.”

The thought behind the name change comes from Facebook’s focus shift to Metaverse. Zuckerberg wants its company to be known as a Metaverse and not just as a social media company anymore.

facebook name change

In an interview with the Verge, Zuckerberg had said in July that Facebook would “effectively transition from people seeing us as primarily being a social media company to being a metaverse company.”

At the Connect event, Zuckerberg further clarified that the name change will not transition the company’s corporate structure. But there will be a change in how the company reports financial results.

He explained that “starting with our results for the fourth quarter of 2021, we plan to report on two operating segments: Family of Apps and Reality Labs.”

“We also intend to start trading under the new stock ticker we have reserved, MVRS, on December 1. Today’s announcement does not affect how we use or share data,” Zuckerberg added.

The post Facebook is now called Meta, announces CEO Mark Zuckerberg appeared first on BGR India.



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