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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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Omicron Covid-19 variant helped this cryptocurrency gain new heights: Check current status

Omicron has cast a shadow on the global economy once again but there are some who have benefited out of the rise of the new Covid-19 variant as well. As news spread about the new heavily mutated variant of the virus, a Cryptocurrency going by the same name, Omicron, achieved its highest valuation.

According to cryptocurrency tracker Coingecko, the Omicron crypto reached a high of $689 on Monday. The surge pushed the value almost 900% within a very short period. However, the peak wasn’t sustainable for the crypto and it lost most of its value. Currently, it is listed at a price of $380.

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The Omicron crypto, according to the listing on Coingecko, was only listed on November 8 at a price just shy of $200. The prices fell in the following days and stayed stable around the $60-$100 range. The prices started to surge on Saturday after WHO’s announcement of the new Omicron covid-19 variant.

The WHO has announced that the new Omicron variant could be dangerous given its mutations. However, scientists need more time to know the intensity of the damage it can cause.

Other major cryptos like Bitcoin and Ethereum witnessed substantial drops in price due to the new crypto regulatory bill that was table in the parliament. The new bill described that the government is planning to ban all private cryptocurrencies. The definition of private cryptos is still up for debate. Investors and stakeholders will get a clearer idea about the legislation when it will be discussed in the lower house of the parliament in the ongoing winter session.

The post Omicron Covid-19 variant helped this cryptocurrency gain new heights: Check current status appeared first on BGR India.



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