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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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Nothing to reportedly launch its first smartphone in 2022: Details here

Carl Pei’s Nothing is reportedly looking to launch its own smartphone in 2022 following the success of its ear (1) TWS earbuds. Additionally, the company is developing its own power bank called the Nothing Power (1). The power bank is expected to launch before the end of the year, according to a report by Android Central.

The report doesn’t include any details about the key specs or features of the phone, it is likely to be powered by a Qualcomm Snapdragon chipset.

The firm earlier this week announced that it has raised $50 million from strategic and private investors, and collaborated with chip-maker Qualcomm to power its upcoming products.

The startup said it will use the funds towards research and development in preparation for the brand’s entry into new product categories as part of its ecosystem.

“We look forward to working alongside Qualcomm Technologies and our strategic investors to achieve Nothing’s next phase of growth,” Carl Pei, Founder Nothing said.

Nothing is a privately-held company with backing from GV (formerly Google Ventures) and other private investors including Tony Fadell (Principal at Future Shape & inventor of the iPod), Casey Neistat (YouTube personality and Co-founder of Beme), Kevin Lin (Co-founder of Twitch) and Steve Huffman (Co-founder and CEO of Reddit).

(With IANS inputs)

The post Nothing to reportedly launch its first smartphone in 2022: Details here appeared first on BGR India.



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