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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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Parag Agarwal beats Mark Zuckerberg to become youngest S&P 500 CEO

Twitter’s new CEO Parag Agarwal is now the youngest in the companies listed in S&P 500. The Indian-born and educated CEO was promoted from the position of CTO late last night after Jack Dorsey announced his resignation. Parag Agarwal has been handed over the reins of Twitter and that also makes him the youngest CEO, beating Mark Zuckerberg in the companies that are listed under S&P 500.

While he did take the title from Zuckerberg, the difference in age is negligible, according to a Bloomberg report. Twitter has not disclosed the exact date of birth of the new CEO but the company did confirm that he was born later than Mark Zuckerberg but in the same year, 1984.

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The average age of the leaders in the S&P 500 is much higher at 58 years. Jack Dorsey also was well below the average at 45 years. The oldest chief executive in the S&P 500 index companies is Warren Buffet who is 91 and is the CEO of Berkshire Hathaway.

Parag Agarwal has done his schooling and graduation from India. The new Twitter CEO studied at a school in Maharashtra and then moved to Indian Institute of Technology Bombay (IIT-B). He was in the Computer Science department. He later moved to -For his further education, Parag Agarwal went to Stanford University to pursue Ph.D in Computer Science in the year 2005.

While pursuing Ph. D, he joined Microsoft, Yahoo and AT&T Labs under for research positions.

Agarwal finally joined Twitter in the year 2011 as a Distinguished Software Engineer. In the year 2017 he was promoted to the position of Chief Technical Officer (CTO) in Twitter and has now been pushed to the position of CEO, replacing Jack Dorsey.

Jack Dorsey will be handing over the reins of the company to Agarwal effective immediately but Dorsey will continue to serve on the board till May next year in order to help Agarwal with the transition.

The post Parag Agarwal beats Mark Zuckerberg to become youngest S&P 500 CEO appeared first on BGR India.



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