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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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Global app spending reached $65 billion in first half of 2022: Report

Worldwide consumer spending reached $65 billion from Apple’s App Store and Google Play combined in the first half of 2022. This was about 1 percent year-over-year higher than the $64.4 billion generated by both stores in the same period in 2021, reports Sensor Tower.

While spending continues to climb, the velocity has diminished due to normalization after the supercharged growth seen during the height of the pandemic as well as the economic downturn seen globally. These factors have led to the Y/Y growth in H1 2022 trailing the 24.8 percent growth in H1 2021 by nearly 24 percentage points.

Apple’s App Store generated approximately $43.7 billion from in-app purchases, subscriptions, and premium apps and games in the first half of this year, up 5.6 percent Y/Y from $41.4 billion. Conversely, Google’s marketplace saw spending decline 7.4 percent Y/Y, generating $21.3 billion compared to 1H21’s $23 billion.

This is a reversal of roles from the first half of 2021, when Google Play experienced more Y/Y growth. Global consumer spending on the store climbed 30 percent in 1H21 compared to the same period in 2020, while the App Store saw 22.1 percent growth.

TikTok maintained its spot as the highest grossing non-game app worldwide across both the App Store and Google Play, when including Douyin on iOS in China. In the first half of the year, consumers spent $1.7 billion in the app, up 85 percent from $920.7 million in the year-ago period. TikTok has now reached approximately $5.5 billion in total lifetime revenue.

YouTube held steady as the second highest grossing non-game app with an estimated consumer spend of $693.6 million. Its cousin from Alphabet’s portfolio, Google One, placed third with nearly $614 million. Tinder and Disney’s streaming platform Disney+ rounded out the top five at No. 4 and No. 5, respectively.

Although consumer spending continued to climb yearly in 1H22, app adoption has cooled from the previous astronomical growth seen. In the first half of the year, there were 71.2 billion installs from the App Store and Google Play, down 1.5 percent from 72.3 billion 1H21.

Both marketplaces experienced a Y/Y decline, with Apple’s store seeing a bigger dip. Apple’s App Store saw 15.9 billion worldwide downloads, down 2.5 percent Y/Y from 16.3 billion in 1H21.

The post Global app spending reached $65 billion in first half of 2022: Report appeared first on BGR India.



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