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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, Travis Scott, Live Nation Entertainment sued for $2 billion for Astroworld tragedy

Apple, US rapper Travis Scott and Live Nation Entertainment have been sued by hundreds of people who attended the Astroworld concert that took place in Houston on November 5. These people claimed that they were injured during the concert. Notably, the tragedy claimed 10 lives of people in Houston.

Travis Scott, Apple

Lawyer Thomas J. Henry has filed a new iteration of the complaint that was originally filed on behalf of a single concertgoer, Kristian Paredes, on November 8. The revised complaint has increased the number of plaintiffs to 282 people. He has further revealed that he is talking to additional 120 attendees about joining the case.

In addition to this, another lawsuit was filed on the behalf of 125 attendees, including the people who died. It demanded $750 million for the damages. Apple and Live Nation were also sued along with the artist as they live-streamed and promoted the concert respectively. NRG Stadium and Canadian rapper and singer Drake were also sued.

In a statement, Henry said, “The defendants stood to make an exorbitant amount of money off of this event, and they still chose to cut corners, cut costs, and put attendees at risk.”

As per the paperwork filed, “Apple Music had cameras, camera stands, cameramen, and metal barriers surrounding each; these cameras effectively split the premises both horizontally and vertically by the metal barricades. The placement of cameras streaming for Apple Music’s broadcast effectively limited many concertgoers’ means of exit; this dangerous condition would inevitably prevent individuals from dispersing.”

According to Henry, Live Nation, the world’s largest concert promoter, could have prevented the tragedy if it had prepared well for an event.

The post Apple, Travis Scott, Live Nation Entertainment sued for $2 billion for Astroworld tragedy appeared first on BGR India.



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