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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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Elon Musk Starlink sets up an Indian subsidiary, plans to apply for a license

Elon Musk’s company Starlink has geared to mark its beginning in the Indian market. SpaceX has formed the company to start broadband operations in India. SpaceX’s satellite broadband arm Starlink plans to launch broadband services in India from December 2022 with 2 lakh active terminals.

The company has registered its business in India and it is in the process to apply for licenses in the country, according to Sanjay Bhargava, India director for Starlink.

The company’s affordable satellite broadband services are being targeted in India in 2022, although its availability is subject to regulatory approvals.

“Pleased to share that SpaceX now has a 100 per cent owned subsidiary in India. The name is SSCPL — Starlink Satellite Communications Private Limited and the incorporation date is November 1, 2021. We can now start applying for licenses, open bank accounts etc,” Bhargava said in a LinkedIn post.

Earlier this month, Starlink announced that it will focus on 10 rural Lok Sabha constituencies to provide internet services.

“I am also keen to have 30-minute virtual conversations with MPs, Ministers, Secretaries to GOI, or Principal Secretaries to states to see if they think 100 per cent broadband would help improve lives,” Bhargava had said.

“We will probably focus on 10 rural Lok Sabha constituencies for 80 per cent of the Starlink terminals shipped to India. The number of preorders from rural constituencies will be one factor that helps us select focus constituencies,” he added.

Starlink shipped 100,000 terminals to customers recently. The project aims to provide global broadband connectivity via a constellation of satellites.

SpaceX began satellite launches in November 2019 and opened its $99 per month beta programme for select customers around a year later.

(Inputs from IANS)

The post Elon Musk Starlink sets up an Indian subsidiary, plans to apply for a license appeared first on BGR India.



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