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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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Apple CEO Tim Cook sends Happy Diwali greetings for all: Read message

The world is celebrating Diwali today. On that account, Apple CEO Tim Cook took to Twitter to wish everyone Happy Diwali. In an official tweet, Cook stated, “wishing a happy and safe Diwali to all those celebrating around the world. May the Festival of Lights fill your home with happiness and health. Stunning #ShotOniPhone13ProMax photos by @coffeekarma.”

He has also shared a photo clicked by artist Gursimran Basra on the Apple iPhone 13 Pro Max.

The year 2021 has been exceptionally good for Apple in India and despite supply constraints, the tech giant doubled its India market share in its fiscal year that ended on September 30, Cook had recently announced.

Apple has estimated that supply constraints had around a $6 billion revenue dollar impact driven primarily by industry-wide silicon shortages and Covid-related manufacturing disruptions.

Riding on the stellar performance of iPhone 12 alongside the iPhone 11, Apple registered a whopping 150 per cent growth (on-quarter) for iPhones in the July-September period (Q3) in India, shipping over 1.53 million units in the country.

iPads also logged a huge jump in growth, at 109 per cent (on-quarter), and nearly 0.24 million units were shipped in the same period in the country, as per insights from market research firm CyberMedia Research (CMR).

On the year-on-year (YoY) front, iPhones registered a 28 per cent growth while iPads grew by 47 per cent, indicating a growth in demand for large-screen devices meant for learning, work and entertainment amid the pandemic.

(Inputs from IANS)

The post Apple CEO Tim Cook sends Happy Diwali greetings for all: Read message appeared first on BGR India.



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