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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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Toyota to roll out 30 EVs, including a small SUV in coming years: Check details

Toyota is gearing up to launch a wide range of all-electric cars. The company president Akio Toyoda unveiled the brand’s vision at an event on Tuesday. Toyoda emphasized on the importance of achieving a carbon-neutral society and in the process.

Toyota has announced that it will expand its offerings in the battery electric vehicles (BEVs) segment apart from hybrids (HEVs), plug-in hybrids (PHEVs), and fuel-cell electric vehicles (FCEVs) for both Toyota and Lexus brands.

The global sales of BEVs is expected to reach 3.5 million units in the year 2030. The company claims that it will offer a total of 30 EVs across the Toyota and Lexus brands.

The Japanese automaker has announced that the new Toyota and Lexus cars will span across various segments, including sedans, SUVs, K-Cars, commercial vehicles and other segments.

To reach these targets, Toyota plans to invest approximately $70 billion globally in electrified vehicles including HEVs, PHEVs, FCEVs and BEVs. Of that amount, approximately $35 billion will be invested in BEVs starting in 2022 through 2030.

Talking about some of the expected products, Toyota revealed that the company plans to start selling the bZ4X EV as early as next year. The company is also working on a compact SUV in the bZ series. This new SUV will aim for weight reduction to enhance performance and driving range.

During the event Toyoda explained that the “midsize SUV has a beautiful silhouette that presages a new era for battery EVs. At just a single glance, its styling can invite you to want to get in and go for a drive. And this is the most compact SUV in the series―a small battery EV with a comfortable interior designed with Europe and Japan in mind.”

He further added, “The more batteries you add to extend cruising range, the bigger, heavier, and more expensive a vehicle becomes. Because this SUV is a small vehicle, there is something we must be thorough and very particular about. And that is―power efficiency.”

The post Toyota to roll out 30 EVs, including a small SUV in coming years: Check details appeared first on BGR India.



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