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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 says Tesla will not manufacture cars in India: Here’s why

Tesla has been working on entering the Indian electric vehicles (EVs) market for a long time now. The news of Tesla making a entry in India first arrived back in 2019. Since then, the company has been in talks with the government for releasing its products in the country. Tesla CEO Elon Musk too has talked about making the company’ EVs available in India several times. But now it looks like Tesla enthusiasts will have wait for a long time to get their hands on the company’s EV.

Musk in a tweet recently explained why Tesla will not manufacture cars in India — a requirement that the government has set for the company to start selling its EVs and services in the country. Responding to a tweet on the EV maker setting up a manufacturing plant in India, Musk said that Tesla won’t manufacture cars in India unless it is allowed to sell its EVs and services first.

In the same thread on Twitter, the SpaceX founder also talked about the company’s Starlink internet system providing its services in the country. Responding to a question on the availability of the service in India, Musk said that the company was in talks with the government for the same.

This is not the first time that The Boring Company founder has talked about launching Tesla EVs in India. Responding to a question on the availability of Tesla EVs in India earlier this year, Musk said that the company was still trying to iron out details with the government.

It is worth noting that Tesla has been trying to enter the Indian market for quite sometime now. However, its entry has been restricted by the high import duties that the government levies on EVs in the country. For reference, India levies an import duty of 60 percent on EVs priced $40,000 or lower and of 100 percent on EVs priced more than $40,000.

The post Elon Musk says Tesla will not manufacture cars in India: Here’s why appeared first on BGR India.



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