Skip to main content

Featured Post

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...
1 comment
Read more
Labels

Microsoft sees cloud business growth, but supply chain still tight on Xbox, Surface laptop

The global chip crunch has severely affected leading tech companies. As per report, the ongoing supply chain and chip shortages have hit Microsoft’s hardware plans and the company said that it expects revenue to decline to single digits as it continues to work through supply chain uncertainty, particularly in its premium devices.

The tech giant said that in gaming, on a high prior-year comparable that included the launch of its new Xbox consoles and strength across Xbox content and services, it expects revenue growth in the high single digits.

“Console sales will continue to be impacted by supply chain uncertainty,” Amy Hood, Chief Financial Officer at Microsoft, said in a statement late on Tuesday.

Giving a forecast for its next fiscal quarter (Q2 2022), Hood said that in the ‘More Personal Computing’ vertical, “We expect revenue between $16.35 billion and $16.75 billion despite ongoing supply chain constraints”.

The company posted revenue of $13.3 billion for its July-September quarter, with better than expected performance in Windows OEM and gaming. Surface revenue declined 17 percent and 19 percent in constant currency on a strong prior-year comparable.

In the earnings call with analysts, Hood said that if supply chain uncertainty reduces advertising budgets, “our results would be negatively impacted” for the next quarter.

“In Xbox content services, we expect revenue growth in the mid-teens with strong engagement on the Xbox platform in a holiday quarter that will include several AAA title launches,” the company noted.

Earlier this month, Microsoft launched Windows 11, the biggest update to its operating system in a decade.

“There has been a structural shift in PC demand emerging from this pandemic and we’re delighted with the early response to Windows 11. With every new generation of Windows, we also unlock the next generation of hardware innovation across our ecosystem,” said Satya Nadella, Chairman and CEO of Microsoft.

(With IANS inputs)

The post Microsoft sees cloud business growth, but supply chain still tight on Xbox, Surface laptop appeared first on BGR India.



from BGR India https://ift.tt/3GCSeWz
via IFTTT
Email Post
Labels:

Comments

Post a Comment

add