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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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Elon Musk purchases 9.2 percent stake in Twitter stock after complaining about free speech

The Tesla chief executive, Elon Musk, has become Twitter’s largest shareholder with a 9.2% stake. The regulatory filing of the US Security and Exchange Commission on Monday announced the acquisition of Twitter’s most significant shares.

Musk has bought about 7.35 crore shares of Twitter, and with this, he has become the largest shareholder in the firm. This news has seen a massive jump in the shares of Twitter. The micro-blogging site’s shares rose to 26 percent in premarket trading. Twitter’s last close calculations show that this stake is worth $ 280 million.

“We would expect this passive stake as just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter,” Dan Ives of Wedbush Securities said in a client note.

To recall, the Tesla and SpaceX billionaire announced a few days back that he is now planning to build a new social media platform. But he did not share any specifics on what the social media platform would look like. He also remarked on Twitter and claimed that the micro-blogging site doesn’t allow free speech.

The Tesla CEO has always been critical of Twitter’s content policies and does not like that regulators scrutinize his tweets. Musk tweeted: “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?”

Musk, who has 80 million Twitter followers, has questioned the percentage of free speech on Twitter. A few days ago, Musk conducted a poll on Twitter in which he asked users whether they believed that Twitter was following the principles of Freedom of speech. He wrote the caption of this poll, “Freedom of speech is essential in any democracy. Do you believe that Twitter strictly adheres to this principle?” About 70% of the users answered ‘no’ to it.

Musk’s buying 9.2 percent stake in Twitter is ahead of the 8.8 percent stake owned by the mutual-fund company Vanguard.

The post Elon Musk purchases 9.2 percent stake in Twitter stock after complaining about free speech appeared first on BGR India.



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