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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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Realme plans to manufacture laptops, tablets locally in Noida by 2023: Report

Realme has started manufacturing its audio products including smartwatches locally in collaboration with KHY Electronics. The facility is located in Greater Noida. As per a report by ET, Realme is planning to start manufacturing laptops and tablets by 2023 in the same facility in Noida.

The report further reveals that an official spokesperson has confirmed that Realme wants to bring its entire wearables and hearables ecosystem to India. The company is in talks with several other Indian contract manufacturers.

Realme might start manufacturing laptop, tablets in Noida

According to the report, Realme has started discussing the matter with “three” potential partners already. In a conversation with ET, Realme CEO Madhav Sheth revealed that the company has invested 26.7 crore in the manufacture of just one product with KHY Electronics.

Sheth further added that Realme will bring 6-8 products in the category before the 2022 end. All these products will be manufactured locally in the country, and the company will accordingly decide “how much incremental investment is required”.

The Chinese tech giant plans to manufacture 300,000 units of audio products locally by the year-end. It will create somewhere around 100+ jobs in India. The company further claims that it is witnessing a growth in the category due to the affordability of the products.

The company CEO also made a comment regarding the 5G auction in the country. According to him, it is a “positive” response to the smartphone market as it will push tech brands to introduce affordable 5G devices in the market.

Just a couple of weeks back, Realme unveiled its first-ever Global Flagship Store in Ahmedabad, Gujarat. Featuring three stories, the flagship stores include a dedicated Techlife zone that showcases the company’s products including wearables, audio devices, laptops, tablets, smart TVs, smart care products and smart home devices. It also has a cafe where visitors can sit and relax and have snacks and coffee.

The post Realme plans to manufacture laptops, tablets locally in Noida by 2023: Report appeared first on BGR India.



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