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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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Crypto price today: Bitcoin remains flat, Ethereum plunges as market shows mixed cues

The cryptocurrency market remained in the red on the last day of June. Leading digital coins, such as Bitcoin and Ethereum, dipped further. The total market cap of cryptocurrencies was flat in the last 24 hours, settling at $931 billion after a decline of 2.6 percent, at the time of writing. The total trading volume in the last 24 hours dipped to $87.4 billion due to mild fear among investors.

Bitcoin, surprisingly, was not the biggest loser in the last 24 hours. It was the second-most-popular digital coin, Ethereum, which crashed by more than 5 percent in the last 24 hours, according to CoinGecko. However, the dominance of Bitcoin remained the biggest with a share of 41.2 percent, while Ethereum swept the second-biggest share of 14.3 percent in the last 24 hours.

Bitcoin price today

Bitcoin’s downward trend continued for another day. In the past 24 hours, the world’s most popular cryptocurrency, Bitcoin, saw a decline of over 1 percent. At the time of writing, Bitcoin was trading at $20,076, below the $21,000 mark again. The market cap of Bitcoin reached $384 billion in the last 24 hours.

Ethereum price today

Ethereum dipped more than 5 percent in the last 24 hours, causing investors to worry again after a brief period of rest. At the time of writing, Ethereum was trading at $1,091, while the market cap turned out to $132.8 billion in the past 24 hours. Meanwhile, the 24-hour volume of Ethereum reached $14.6 billion.

Solana price today

Solana investors remained scared as the prices crashed in the last 24 hours. At the time of writing, more than 8 percent was swept off from Solana’s value, while the trading value was $32.87. The total market cap reached $11.3 billion in the last 24 hours, whereas the 24-hour volume decreased to $1.2 billion.

Crypto fear continues

Even though a brief spell of an uptick in prices led investors to take a sigh of relief, the cryptocurrencies remained fairly neutral throughout the week. Bitcoin and Ethereum remained flat for a better part of this period, while influenced coins, such as dogecoin showed mixed cues. But while investors were mostly wary, new buyers entered the market, thanks to the current market conditions.

The post Crypto price today: Bitcoin remains flat, Ethereum plunges as market shows mixed cues appeared first on BGR India.



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