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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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Infosys to shut down office in Russia: Report

Indian tech company Infosys will be shutting down its office in Russia. A new report has surfaced hinting that the tech giant is looking for replacement roles for its employees that are employed in its office in Moscow.

A report by British publication BBC cited some sources claiming to have knowledge about the move. The company was apparently under pressure to shutter its operations. The pressure also mounted after UK Chancellor Rishi Sunak was criticised for benefiting from the company’s operations in Russia. Sunak is the son-in-law of the company’s founder N.R. Narayan Murthy. Murthy’s daughter and Sunak’s wife Akshata Murthy has shares in Infosys.

According to the report, a leader of the Labour party in UK, asked the chancellor to reveal if his family has been benefiting from the firm’s operations in Russia. Responding to the allegations, Sunak claimed that it was “very upsetting”. He even compared his situation to what Will Smith felt at the Oscars when comedian Chris Rock made fun of his wife who lost her hair due to a medical condition.

Many tech companies started withdrawing their businesses from Russia within the first few weeks of the war. Apple was one of the first companies to have stopped selling its products in the country. Google also limited some of its services in order to limit the reach of some critical personal data that could help Russian forces. SpaceX also assigned some of its satellites in order to provide internet connectivity. Meta has also provided Facebook users in both regions with some additional privacy features.

The post Infosys to shut down office in Russia: Report appeared first on BGR India.



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