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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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Xiaomi electric cars are coming in first half of 2024, confirms company: Check details

After setting a foothold in the smartphone market, the Chinese smartphone manufacturer is planning to dive into an entirely new segment of automobiles. Xiaomi Corp Chief Executive, Lei Jun, has revealed that the tech giant will mass-produce its own vehicles in the first half of the year 2024, reported Reuters. The company official announced this news in an investor meeting. Later, the news was confirmed by Jun on Twitter.

It is expected that the company will manufacture more electric cars in China as it is the “world’s largest automobile as well as electric vehicle market”. Prior to this, the Chinese smartphone manufacturer has announced to invest $10 billion in its upcoming electric car division over the span of 10 years.

Tech companies and EV market

It is not just Xiaomi, but other smartphone manufacturers like Apple and Huawei are also planning to throw their hats in the electric vehicles segment. Apple’s supplier Foxconn recently revealed three new electric cars recently. For the unversed, Apple is also working on a secret project called  Project Titan of Apple that aims to roll out an electric vehicle. Huawei, on the other hand, has also announced its plans to enter this segment. Other companies like Google and Amazon are also currently testing autonomous vehicle technology.

In other news, Union Minister Anurag Thakur has launched Delhi’s first-ever smart parking app called My Parking. The app allows users to get details related to the capacity available for vehicles in all the parking areas of Southern Municipal Corporation. The app is integrated with the VAHAN app, fastag, e-challan, and other government undertakings. The corporation has tied up with Broadcast Engineering Consultants India Limited (BECIL) for this app. According to the agreement, BECIL will bear the full cost of hardware and software, which includes creating the app and its maintenance.

The post Xiaomi electric cars are coming in first half of 2024, confirms company: Check details appeared first on BGR India.



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