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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...

From Priyanka Chopra to Yuvraj Singh: Indian celebrities who invested in tech companies

Celebrities are always in the news for different reasons ranging from their airport looks to new movie releases to other things, there is a side that usually does not get as much publicity. Whether they are working in the entertainment industry or Cricket, or in the fashion industry, many celebrities have chosen to build their fortunes by backing startups or starting their own brands like Alia Bhatt’s Ed-a-mamma, Katrina Kaif’s Kay Beauty and so on. Many famous personalities have chosen to go ahead with tech companies. Here’s a list of some Indian celebrities who have decided to get their feet wet by investing in the tech space.

Priyanka Chopra Jonas – Bumble

Priyanka Chopra, Bumble

Image: India.com

The actor, producer and investor, Priyanka Chopra Jonas has invested in the dating app Bumble that debuted in India back in 2018. Chopra decided to invest in this particular app as the company strives to expand gender disparity in the tech space. As per her statement, “Women want love, they want friendship and they want to find a career, and that’s the uniqueness of what Bumble delivers — a digital community that encompasses all that, while empowering women to take charge of their lives.”

For the uninitiated, the dating app Bumble that is available in Hinglish and Hindi for iOS and Android users in India. The app allows users to right swipe for a profile and if the action is mutual, a conversation can be initiated. However, on Bumble, only women can initiate a conversation and make the first move. If she chooses not to start a conversation within 24 hours, the connection expires.

Karan Johar, Sabyasachi Mukherjee, Yuvraj Singh, Jasleen Royal- Nothing

Karan Johar, Nothing

Image: Wikipedia.com

The london-based startup, headed by former OnePlus co-founder, Carl Pei, Nothing, is now backed by filmmaker Karan Johar, fashion designer Sabyasachi Mukherjee, former cricketer Yuvraj Singh and Singer Jasleen Royal. Although the company did not reveals many details about these “strategic and private” investors, it announced that these investors were involved in the company’s $50 million Series A extension round, which was reported last month.

Deepika Padukone- Bellatrix Aerospace

Deepika Padukone, Bellatrix Aerospace

Image: Filmfare.com

Bollywood actress Deepika Padukone invested in the Bengaluru-based, space tech startup, Bellatrix Aerospace. It is an aerospace manufacturer and small satellite company. The company plans to launch its own rocket named Chetak in 2023. The two-stage Chetak rocket is powered by a number of their own Aeon engines.

Back in 2020, the startup even won an award for National Startup Award 2020.

Akshay Kumar, Madhuri Dixit- GOQii

Akshay Kumar, GOQii

Image: Pinkvilla.com

Bollywood actor Akshay Kumar has invested in the wearable brand GOQii, owned by Vishal Gondal. Akshay Kumar became the investor in the fitness tech company in 2019 while Madhuri Dixit Nene invested in the company back in 2014.

The brand manufactures smart wearables including smartwatches and smart fitness bands.

The post From Priyanka Chopra to Yuvraj Singh: Indian celebrities who invested in tech companies appeared first on BGR India.



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