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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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Airtel is investing Rs 1.17 lakh crore in India: Here’s what it plans to do

Bharti Airtel is planning to invest a sum of Rs 1.17 lakh crore in its various subsidiaries in India over the span of next five years to strengthen its infrastructure in India. According to a PTI report, the company is planning to invest the amount via business transactions with its subsidiaries like Indus Towers, Nxtra and Bharti Hexacom.

The telecom giant will spend Rs 88,000 crore in business with mobile tower company Indus Towers, Rs 15,000 crore for availing services of data centre firm Nxtra and transaction of up to Rs 14,000 crore with Bharti Hexacom, which offers cellular service, broadband service and telecom service. Furthermore, the report said that Airtel will invest up to Rs 17,000 crore in Indus Towers in the span of next four financial years and Rs 20,000 crore in 2025-26.

These investments will help in strengthening its infrastructure and help in the rollout of 5G services in India starting later this year. “Given the 5G developments globally, it is likely that 5G will soon start to become a reality in India also, slowly in the key cities and then going into the rest of India across the length and breadth of our current network,” the regulatory notice said.

“Therefore, considering the increased requirements of passive infrastructure during massive 5G rollouts, the Company proposing the higher amount of transactions of upto Rs 20,000 crore per annum with Indus Towers for FY 2025-26,” it added.

Notably, Union Finance Minister Nirmala Sitharaman while announcing the Union Budget earlier this month said that 5G spectrum auction will be complete this year and that deployment of 5G services in India will begin in the financial year 2022-23.

In addition to this, Airtel will hold a general meeting on February 26 during which it will seek approval for giving a 1.28% stake of the company to Google for an investment of about Rs 7,500 crore.

The post Airtel is investing Rs 1.17 lakh crore in India: Here’s what it plans to do appeared first on BGR India.



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