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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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Meta COO Sheryl Sandberg being investigated over use of company resources

Just days after Meta’s Chief Operating Officer, Sheryl Sandberg, put down her papers, a new report has surfaced claiming that the executive is being investigated for use of company resources for personal reasons. A report by Wall Street Journal highlighted the issue by citing people familiar with the matter.

The report suggests that lawyers are investigating Meta Platforms Inc’s executive for the use of company resources over several years. The WSJ report claims that many employees of the company are being investigated in regard with this investigation. Moreover, it claims that the probe has been going on since last fall.

The report suggests that activities being scrutinized include the work of Meta employees to support Sandberg’s foundation, Lean In, and towards writing and promotion of her second book, “Option B: Facing Adversity, Building Resilience, and Finding Joy”.

Sheryl Sandberg has been one of the oldest employees of the social media giant and has worked for 14 years alongside company Chief Mark Zuckerberg. There has been no indication if there’s any connection between Sandberg leaving and the ongoing investigation. Sandberg plans to leave the company by fall but will continue to be a member of the company board.

Chief Growth Officer Javier Olivan will be taking over from Sheryl Sandberg as the new chief operating officer. However, Zuckerberg claimed that he did not plan to replace Sandberg’s role directly within the company’s existing structure.

 

The post Meta COO Sheryl Sandberg being investigated over use of company resources appeared first on BGR India.



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