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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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Karnataka government bans online games involving betting

The state of Karnataka implemented a new law on Tuesday, which bans online games involving betting and wagering, and any act of risking money, or otherwise on the unknown result of an event including on a game of skill. According to a report by Reuters, Mobile Premier League (MPL) was among the first few services that began blocking access to users in Karnataka on Wednesday.

Online betting games banned

According to the report, the MPL app became inaccessible to users in Karnataka and showcased the messages, “Sorry! The law in your state does not permit you to play Fantasy sports,” “Fantasy games are locked,” and “cash games are locked.” Paytm Games is also not accessible to users in Karnataka.

Dream11 remained operational at the time, but Paytm First Games was not. Dream11 continues to stay active according to various online reports.

Karnataka is the latest Indian state that has banned online games involving money in India after Telangana, Assam, Odisha, Arunachal Pradesh, and Andhra Pradesh to name a few. Tamil Nadu had imposed similar bans, however, those were struck down by its high court at the time.

This is a major time for fantasy sports platforms considering that IPL 2021 is currently underway, and it is one of the largest sports tournaments in India. According to the Reuters report Karnataka, Telangana and Andhra Pradesh are very important regions for online gaming accounting for around 20 percent of the total business for companies. Due to which gamers and some companies were planning to file court challenges against the new Karnataka law.

If the bans across the country keep on intensifying, it could hit the new and booming online gaming sector very hard. This would also put the country in a bad light, considering a lot of foreign investors have invested a lot in such companies in recent months.

The post Karnataka government bans online games involving betting appeared first on BGR India.



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