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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...

Jio, BP to setup EV charging, battery swapping stations across 12 cities in India

Jio-Bp – the fuel retailing joint venture between Reliance Industries and supermajor BP – will set up EV charging and battery swapping stations at properties of real estate developer Omaxe in 12 cities as it looks to take mobility solutions to doorstep of users. In a statement to media, the firms said Omaxe will be a partner in establishing a battery charging ecosystem for electrical vehicles.

Jio-Bp will set up EV charging and swapping infrastructure at various Omaxe properties across Delhi, Noida, Greater Noida, Faridabad, Ghaziabad, New Chandigarh, Ludhiana, Patiala, Amritsar, Jaipur, Sonipat, and Bahadurgarh in a phased manner,” it said.

As penetration of EVs – automobiles powered by electric power that use energy stored in rechargeable batteries – increases, Jio-Bp feel charging infrastructure needs to be set up at commercial establishments. It is working with developers and real estate players in the country. “Jio-Bp will install 24×7 EV charging infrastructure for two and four wheelers at Omaxe properties,” the statement said.

Last year, Jio-Bp constructed and launched two of India’s largest EV charging hubs.

“Leveraging the best of Reliance and Bp’s strengths in electrification, Jio-Bp is creating a charging ecosystem that will benefit all the stakeholders in the EV value chain,” the statement said.

The joint venture’s EV services operate under the brand Jio-Bp pulse, and with the Jio-Bp pulse mobile app, customers can easily find charging stations nearby and seamlessly charge their electric vehicles.

In the last 34 years, Omaxe has established a strong footprint in several cities of North and Central India. It has delivered a wide range of real estate projects – from integrated townships to offices, malls and high street projects.

— PTI

The post Jio, BP to setup EV charging, battery swapping stations across 12 cities in India appeared first on BGR India.



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