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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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5G spectrum auction: Bids worth Rs 1.45 lakh crore received on Day 1

Breaking the 2015 records, the first day of the 5G auction on Tuesday saw the government receive bids of Rs 1.45 lakh crore from the four contenders, Communications Minister Ashwini Vaishnaw said.

The first-day bids “exceeded all expectations and surpassed 2015 records”, he said.

The four bidders are Reliance Jio, Bharti Airtel, Vodafone-Idea and an Adani group firm and their participation was “strong”, Vaishnaw added.

As per the minister, there were four rounds of bidding on the first day with the most interest in mid and high-end bands and strong interest in the 3300 MHz and 26 GHz bands. Bids were also received for the 700 MHz band, he said.

Which company bagged which spectrum will only be known when the entire process ends, as the rules forbid any early disclosure.

Vaishnaw also said that the government will allocate the spectrum in record time, in accordance with the August 14 deadline, and 5G services are expected to start rolling out by September.

The auction entails the 600, 700, 800, 900, 1800, 2100, 2300, 2500, 3300 MHz and 26GHz bands.

The four big players in the race have submitted a combined Rs 21,400 crore in earnest money deposit (EMD), and are ready with their war chests and strategies for the mega bid, that is likely to be around Rs 1.5 lakh crore if the last two auctions are kept in mind.

Reliance Jio Infocomm has submitted an EMD of Rs 14,000 while Bharti Airtel has put in Rs 5,500 crore.

In the 2021 auctions for 4G spectrum, Reliance Jio used 77.9 per cent of their earnest money deposit while Airtel used 87.7 per cent.

The 5G era will open 10 times faster than 4G and 30 times faster than 3G, allowing millions to have an experience never seen before.

5G in India will empower tech companies, enterprises and ecosystem players to build private networks and bring next-generation digital transformation which is critical for the country to achieve the goal of becoming a $1 trillion digital economy, according to industry leaders and experts.

With the 5G auctions, India is one step closer to realising a 5G-led future, with a strong base of 5G-capable devices already in place.

The post 5G spectrum auction: Bids worth Rs 1.45 lakh crore received on Day 1 appeared first on BGR India.



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