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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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US FTC to likely block Nvidia Arm purchase deal: Here’s why

Nvidia to broaden its business purview had signed a definitive agreement to purchase Arm back in September 2020. It has since been over a year and the deal is yet to go through. The delay can be attributed to various regulatory authorities putting up a hurdle in front of the companies to help maintain a balance of power in the market.

The estimated $40 billion deal recently faced major pushback from the European Commission and the United Kingdom Competitions and Market Authority. Now, the US Federal Trade Commission (FTC) has announced that it is suing to stop the Nvidia Arm deal.

Nvidia designs and manufactures some of the best graphic cards currently available in the market. Whereas, Arm is a semiconductor and software design company that develops the widely-used ARM architecture.

“The FTC is suing to block the largest semiconductor chip merger in history to prevent a chip conglomerate from stifling the innovation pipeline for next-generation technologies,” said FTC in a public statement.

Why is FTC opposing the Nvidia Arm deal?

FTC believes that this deal could create an anti-competitive environment across the chipset industry, which is already under heavy duress. The main concern for FTC is that the deal will allow Nvidia to gain access to deals and agreements Arm has, which will allow it to know its competitors’ strategies and weaknesses ahead of time and tailor its products accordingly. It would also control access to Arm’s products to competitors who gain too much ground.

To recall, Google, Microsoft, and Qualcomm are a few major brands to have expressed concerns over the deal. However, Nvidia states that it will maintain Arm’s current neutral licensing model.

The Arm acquisition should complete by the end of 2022 according to Nvidia’s timeline. However, the daily hurdles and today’s news of the FTC suing seems to make the deal unlikely.

The post US FTC to likely block Nvidia Arm purchase deal: Here’s why appeared first on BGR India.



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