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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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Nothing to host a virtual event on March 23 to announce product roadmap of this year

The London-based consumer tech company, Nothing, has announced to host a virtual event called “The Trust” on March 23 at 7:30 pm IST. As per the company, interested attendees can RSVP via their website: nothing.tech. At the event, the company will announce its product roadmap for the year 2022.

Nothing has also announced a new $70 million funding round. Company CEO Carl Pei says that this move will give the company “the fuel to realize the next phase of our vision of a seamless digital future”.

It is expected that Nothing will launch its first smartphone at the upcoming March event. In a leaked image, Carl Pei was allegedly showing off the said smartphone to Cristiano Amon, Qualcomm’s CEO. Notably, you can see a Snapdragon logo on the Nothing virtual event registration microsite.

Although, no details about the smartphone are available at the moment, but we can expect the same design technology and transparent elements in the smartphone, just like Nothing ear 1. During an interview in July last year, Pei said that “we have a lot of products in the pipeline. Earlier this year, we did a community crowdfunding round where we allocated $1.5 million to our community.”

The company launched its first product in August 2021. According to the official statement, “Nothing released its first product, ear (1), carbon-neutral true wireless earbuds in August 2021, shipping over 400,000 units. It is the first step in a promised series of seamlessly connected products, defined by iconic design.”

The post Nothing to host a virtual event on March 23 to announce product roadmap of this year appeared first on BGR India.



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