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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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CoinDCX, Koo are the ‘top 3 hottest products’ of Asia-Pacific

Koo has managed to become one of the “top 3 hottest products of APAC,” according to the latest Amplitude report. Koo co-founder and CEO Aprameya Radhakrishna shared a snippet of the report to showcase his app’s achievement. Apart from Koo, CoinDCX is another Indian startup that has managed to make it to the list. Also note, CoinDCX has managed to top the list.

CoinDCX is a cryptocurrency exchange founded in 2018, and currently has more than 4 million users. According to the company’s latest funding round back in August, it is currently valued at $1.1 billion. CoinDCX is India’s first crypto unicorn, which has launched an over-the-counter (OTC) desk, which will help facilitate bulk trades by institutional investors. This facility supplements CoinDCX’s existing trading platforms, CoinDCX and CoinDCX Pro. This will help expand the company’s user base and trading volumes.

Koo is a social media platform, similar to Twitter. The platform allows users to share media in 13 local languages including Hindi, Kannada, Telugu, Bengali and more. The company was founded in 2020 and to date has garnered $34 million in funding according to the report.

To recall, Koo also won the AtmaNirbhar App Innovation Challenge held by the Government of India in August 2020 and was declared an AtmaNirbhar App. The platform boomed earlier this year due to the Indian government’s spat with Twitter.

Koo recently announced that within 20 months since its launch, it has managed to accumulate over 15 million users, including several eminent personalities. Apart from this, the brand is about to reach 100 million downloads, which it claims it could achieve in the coming year.

The post CoinDCX, Koo are the ‘top 3 hottest products’ of Asia-Pacific appeared first on BGR India.



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