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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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Here’s what Elon Musk has to say about growing number of Indian CEOs in US

Parag Agarwal is the latest to join the files of CEOs with Indian origin who are making it big in the tech world. Other major names include Satya Nadella from Microsoft, Sundar Pichai from Google, Shantanu Narayen from Adobe among others.

The world also sat up and took notice about this trend and some industry stalwarts like Elon Musk have also acknowledged the Indian talent and its role in shaping the tech industry in The United States.

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Elon Musk replied to a tweet from Stripe CEO Patrick Collinson who stated, “Google, Microsoft, Adobe, IBM, Palo Alto Networks, and now Twitter are run by CEOs who grew up in India. Wonderful to watch the amazing success of Indians in the technology world and a good reminder of the opportunity America offers to immigrants. Flag of IndiaFlag of United States.”

In response, Musk stated, “USA benefits greatly from Indian talent!”

Even Tesla has an Indian in their ranks. Vaibhav Taneja is the Chief Accounting Officer at Tesla and is a graduate from Delhi University.

Parag Agarwal is the most recent addition to the line-up of Indian CEOs. He completed his schooling from a school in Maharashtra and later joined IIT Bombay for a B. Tech degree in Computer Science. Agarwal then joined Stanford University for a Ph. D in Computer Science.

Agarwal has worked with other major American tech companies such as Microsoft, Yahoo and AT&T. He joined Twitter in 2011 as distinguished software engineer. Later, in 2017 he was promoted to the position of Chief Technical Officer (CTO) in Twitter.

Agarwal has become the youngest CEO among the companies listed under S&P 500 stock market index. Agarwal beat Meta-CEO Mark Zuckerberg to become the youngest CEO in the index. However, both Zuckerberg and Agarwal were born in the same year.

The post Here’s what Elon Musk has to say about growing number of Indian CEOs in US appeared first on BGR India.



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