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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 prices today: Bitcoin slides below $20,000 as market remains flat

Cryptocurrency witnessed a marginal slide in the last 24 hours ending up with a market cap of $901 billion. The approximate fall in the past day was less than one percent, according to CoinGecko. Nearly all major crypto coins were in the red, except for a few ones. The most popular coin, Bitcoin suffered a minor decline in value, trading below the $20,000 mark in the last 24 hours. Meanwhile, Ether-based Ethereum did not show any positive cues either. It, too, crashed a little by a little less than one percent. The leading cryptocurrencies mostly remained flat in the last 24 hours.

According to CoinGecko, Bitcoin continued to dominate the cryptocurrency market, covering about 40.5 percent. Of the total crypto market cap, about $364 billion belonged to Bitcoin in the last 24 hours. Ethereum was still the second dominant currency with a share of 14 percent, representing $125 billion of the total cap.

Bitcoin price today

Bitcoin has been gyrating around the $20,000 mark for some time, but it plunged below it in the last 24 hours. At the time of writing, the world’s most popular cryptocurrency was trading at $19,130, far below the regular mark. In the last seven days, the coin has suffered a decline of more than nine percent, while its 24-hour volume was $14.3 billion.

Ethereum price today

The economic downturn is in no mood to spare cryptocurrencies. Ethereum gave up slightly less than one percent and was trading at $1,052 at the time of writing. The coin has dipped as much as 12.5 percent in the last seven days, while the 24-hour volume was $8.3 billion. Investors do not seem to find motivation or morale yet, but the fact the market is not plunging dramatically is still some relief.

Dogecoin, Solana price today

At the time of writing, Dogecoin showed a marginal jump of less than one percent in the last 24 hours, trading at $.0.07, while Solana crashed nearly one percent and ended up trading at $32.75. Solana suffered a major dip of 17 percent in value in the last 24 hours.

The post Crypto prices today: Bitcoin slides below $20,000 as market remains flat appeared first on BGR India.



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