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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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Using Paytm Transit card you can travel in metro, bus, train and more cashless

Paytm is making daily commuting easier and more convenient than ever before. Earlier on Monday, the Paytm Payments Bank introduced a universal card, which will allow users to make metro, bus, rail travel, parking, and other payments via online and offline mode. The card is called Paytm Transit Card.

The company unveiled the Transit Card with the ‘One Nation, One Card’ motto. The idea is to offer millions of Indians one physical card for all day-to-day requirements. The card can also be used to withdraw cash from the ATM.

With the introduction of the Paytm Transit Card, users will no longer need to carry multiple cards. To start with, the Paytm Transit Card will start rolling out in partnership with Hyderabad Metro Rail.

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The tech company believes that the card will help more than 50 lakh riders using metro/bus/train services regularly with seamless connectivity. The Transit card is already available in the Delhi Airport Express line and Ahmedabad Metro.

Users can apply for the Transit card via Paytm and also recharge and track all transactions within the Paytm app itself. The app is available for download free of cost on both the Google Play store and the App Store.

Once the application is submitted, the Paytm Transit card will be delivered to the doorstep. There’s also an option for users to purchase the card from designed sales points. The card can be directly linked to the Paytm wallet.

Announcing the Transit card, Paytm said that it is India’s largest acquirer of Toll Plazas for the National Electronic Toll Collection (NETC) program. The company is also said to have enabled 280 toll plazas across the National & State highways to collect toll charges via digital mode.

The post Using Paytm Transit card you can travel in metro, bus, train and more cashless appeared first on BGR India.



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