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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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CCI orders probe in Zomato, Swiggy for alleged unfair business practices

The Competition Commission of India (CCI) has ordered a probe against food delivery platforms Zomato and Swiggy over alleged unfair pricing and their dealings with business partners. The order comes following a complaint filed by the National Restaurant Association of India (NRAI), which represents over 50,000 restaurants.

In its complaint, NRAI had alleged that the ‘anti-competitive’ practices adopted by Swiggy and Zomato were negatively impacting restaurants and threatening their survival. The list included data masking, bundling logistics and listing services and forcing restaurant partners to give discounts to maintain appropriate listing.

“During the pandemic, the magnitude of anti-competitive practices of Zomato & Swiggy have increased manifold and despite numerous discussions with them, these deeply funded marketplace platforms are not interested to alleviate the concerns of the restaurants,” NRAI had said in its complaint last year.

Taking cognizance of the complaint, CCI has ordered the Director General (DG) to investigate the matter and submit its report in 60 days.

The regulator in its order said that there exists a prima facie with regard to the conduct of Zomato and Swiggy that requires detailed scrutiny. The watchdog noted that preferential treatment accorded to restaurant partners wherein these platforms have an equity or revenue interest can create a barrier for other restaurant partners to compete on fair terms.

“Such preferential treatment can be through various ways given the platform’s control over different aspects that influence competition on them, including control over deliveries, search ranking etc. which can only be examined appropriately in an investigation,”: the regulator said.

CCI in its order also touched on the issue of price parity wherein restaurant partners were not allowed to offer lower price or higher discount on their own supply chain or any other aggregator. “Such price parity clause may discourage the platforms from competing on the commission basis as RPs need to maintain similar prices on all platforms and provide similar prices to the customers, regardless of the commission rates paid to the platform,” CCI added.

The post CCI orders probe in Zomato, Swiggy for alleged unfair business practices appeared first on BGR India.



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