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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 supplier Foxconn predicts that supply-chain issues can last until second half of 2022

The global supply-chain shortage has affected several tech giants all across the world. Apple’s largest manufacturing partner Foxconn said the global supply-chain crunch is expected to last until the second half of next year.

Foxconn, the world’s biggest electronics contract manufacturer, also said it expects its October-December consumer electronics revenue to decline on year, citing the component shortages that the industry has been grappling with, reports The Wall Street Journal.

Tech giant Apple has been dealing with the chip shortage for the past several quarters, but it only started significantly impacting Apple’s business in the most recent quarter.

The shortage of specific components and production constraints related to the ongoing public health crisis have impacted iPhone, iPad, Apple Watch and Mac availability, citing WSJ, MacRumors reported.

Apple said that this past quarter, the shortages cost it $6 billion and it expects the impact to be even more significant for the holiday season.

Foxconn is Apple’s largest supplier for the iPhone, and while some reports suggest that production is improving, it’s still a length away from being entirely normal, the report said.

(With inputs from IANS)

The post Apple supplier Foxconn predicts that supply-chain issues can last until second half of 2022 appeared first on BGR India.



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