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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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WhatsApp announces new project to promote digital payments in 500 Indian villages

WhatsApp today announced its pilot program of adopting 500 villages across Karnataka and Maharashtra. The Meta-owned instant messaging platform is aiming to make digital payments more accessible through ‘payments on WhatsApp’. The announcement was made at Fuel For India 2021 – Meta’s annual event in India.

The pilot aims to effect a behavioral transformation to digital payments at the grassroots. Abhijit Bose, Head of India, WhatsApp, said, “At WhatsApp we are committed to help accelerate financial inclusion in the country. We have started this pilot program in 500 villages across Karnataka and Maharashtra as part of our mission to onboard the next 500 million to the digital payments ecosystem. We believe that WhatsApp’s ease of use and reliability can promote the adoption of UPI with users across, including those at the bottom of the pyramid. We will continue to contribute meaningfully in this journey of educating users at the grassroots, so they can trust digital payments, as they gradually make the transition from a ‘cash-only’ way of financial life.”

The pilot called ‘Digital Payments Utsav’, started on the 15th of Oct, 2021 in Kyathanahalli village in Mandya district of Karnataka, where facilitators familiarised villagers with various aspects of digital payments including – signing up for UPI, setting up a UPI account and safety best practices of using digital payments.

The instant messaging platform claims that the initial results from the pilot program have been encouraging.

At the Meta event, WhatsApp also announced a new way in which Reliance Jio users can do prepaid recharges. The application can also be used to recharge other numbers using WhatsApp stickers. The user will get the option to make the recharge on WhatsApp using the UPI option.

 

The post WhatsApp announces new project to promote digital payments in 500 Indian villages appeared first on BGR India.



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