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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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Russia-Ukraine conflict: Netflix pulls out of Russia

After over a week-long war between Russia and Ukraine, Netflix, the US-based streaming platform has announced to suspend all its services in Russia. Notably, this is the largest company to pull out of Russia as of now. First reported by Variety, Netflix spokesperson Emily Feingold has even given a statement to confirm the news. As per the official statement, “Given the circumstances on the ground, we have decided to suspend our service in Russia.”

For the unversed, Netflix has recently refused to comply with a new Russian law. The law stated that major streamers in the country are bound to air 20 Russian propaganda channels including NTV, to which Netflix refused. Later, Netflix even announced to stop all Russian acquisitions and productions, including the Russian Netflix originals that were already in the works.

Netflix was reportedly on four Russian originals. It has around 1 million subscribers in Russia, reported Bloomberg. Additionally, Sony, Warner Bros and Disney had announced to stop their future film releases in Russia. These films included The Batman, Turning Red and Morbius.

Additionally, TikTok has also stopped any new video uploads and live streams in Russia, after the country introduced a new “fake news” law. This law threatens to prison anyone who publishes “false information about the country’s invasion of Ukraine”. If found guilty, they can face up to 15 years of prison time or fine of 1.5 million rubles (approx Rs 10, 74,000).

Tech companies like Apple, Google, Microsoft, and Samsung have also announced to stop their sales in Russia due to the current situation. Twitter, Meta and YouTube have also made a few announcements regarding the same. EA in a show of support for Ukraine has removed the Russian national team and all Russian football clubs from its popular FIFA 22, FIFA Mobile and FIFA Online game titles. With this, the company has effectively removed most of the Russian players from the game. Activision Blizzard has joined the other companies that have stopped doing business in Russia.

The post Russia-Ukraine conflict: Netflix pulls out of Russia appeared first on BGR India.



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