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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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Foxconn halts Apple iPhone at Shenzhen due to Covid lockdown

Apple supplier Foxconn has suspended all its operations at its production facility in Shenzhen, China owing to a lockdown that has been imposed in the city owing to the rising number of Covid-19 cases.

According to a Bloomberg report, the company also known as Hon Hai Precision Industry is suspending its operations at the two campuses in Shenzhen, one of which is in Guanlan while the other one is in Longhu, until further notice from the local government. To mitigate some of the effect of suspending production at two of its manufacturing sites, Foxconn has reallocated the production to other sites that are operating regularly.

As per a separate report by Foxconn’s display-manufacturing unit, General Interface Solutions (GIS), also announced that its Shenzhen-based manufacturing unit will halt production starting Monday and that it will reallocate some of the production to other facilities.

The move comes at a time when the company is already struggling to keep up the production amid the ongoing global chip crisis and the Ukraine war. It is likely to affect the production of iPhones, especially since Shenzhen is the company’s second-largest iPhone manufacturing hub in China after Zhengzhou in China’s Henan province.

The Bloomberg report also notes that said suspension of its Shenzhen facility isn’t likely to make a major dent in the demand and supply of the Apple iPhone models as the demand for electronic devices comes down in the first quarter of every year after the holiday season peaks.

China placed the 17.5 million of Shenzhen’s residents into lockdown until March 20 starting this Sunday in order amid the rising number of Covid19-cases in the region. As per reports, all bus and subway services have been shut, and businesses, except the ones providing essential services, have been closed in all nine districts in Shenzhen and companies have been asked to make their employees work-from-home starting this Monday.

While no death has been reported so far, the number of new Covid-19 cases keep rising in China. While the number of Covid-19 cases tripled by Sunday in Mainland China, Shenzhen reported 60 new Covid-19 cases, which is the highest since the outbreak in 2020.

The post Foxconn halts Apple iPhone at Shenzhen due to Covid lockdown appeared first on BGR India.



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