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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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Apple reports 825 million pain subscriptions across all services

Apple delivered record-breaking services revenue with more than 825 million paid subscriptions across Services, up 165 million in the last one year. The Cupertino based tech giant said that its Services revenue reached $19.8 billion — a 17 percent increase (year-over-year). Apple’s Services category includes App Store, Apple TV+, Apple Music, cloud services.

During the last 12 months, the company generated $75 billion in Services revenue.

“These impressive results reflect the impact of our continued investment in improving and expanding our services portfolio and the positive momentum that we’re seeing on many fronts,” Luca Maestri, Apple’s CFO, said in an earnings call.

The company highlighted a few of its recent achievements in the services category, including Apple TV+ becoming the first streaming service to win an Academy Award for Best Picture, for its movie “Coda.” Apple also said its Apple TV+ shows had earned over 240 awards and more than 960 nominations to date.

Apple also sold iPhones worth $50.6 billion in its March quarter — a 5 percent increase year over year. Macs saw big jump and the revenues were up 15 per cent to $10.4 billion.

“This quarter’s record results are a testament to Apple’s relentless focus on innovation and our ability to create the best products and services in the world,” said Tim Cook, Apple’s CEO. “We are delighted to see the strong customer response to our new products, as well as the progress we’re making to become carbon neutral across our supply chain and our products by 2030. We are committed, as ever, to being a force for good in the world — both in what we create and what we leave behind.”

Apple posted a record revenue of $97.3 billion for its March quarter, up 9 per cent year-over-year, with a net profit of $25 billion. The company set an all-time revenue record for Services and March quarter revenue records for iPhone, Mac, and wearables, home and accessories.

Meanwhile, Apple’s contract manufacturers – Pegatron, Wistron and Foxconn – are expected to manufacture iPhones worth Rs 47,000 crore in India in fiscal year 2022 – 2023. Of this figure, Wistron is expected to manufacture iPhones worth Rs 27,000 crore, while Pegatron and Foxconn are expected to manufacture iPhones worth Rs 12,000 crore and Rs 8,000 crore respectively.

(With inputs from IANS)

The post Apple reports 825 million pain subscriptions across all services appeared first on BGR India.



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