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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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SHIB Visa card is latest way to burn Shiba Inu coins: What is it?

Shiba Inu, one of the popular cryptocurrencies, recently devised a project in collaboration with Ryoshi Vision to let investors burn their SHIB coins to earn rewards. It is called the SHIB Burn Portal. However, it could not convince SHIB holders. Blame the portal’s slow rewards redemption process. To alleviate their frustration, the cryptocurrency has announced a new Visa card that lets SHIB holders set their tokens ablaze for rewards.

The SHIB Visa card will allow investors to burn their SHIB tokens, hopefully through a faster process than that of the cryptocurrency’s ill-fated portal. The rewards will be available sooner than they are on the latter. And that is how Shiba Inu hopes to bring its investors about to burning their tokens, if not anything beyond.

What is crypto burning?

Crypto burning is a process involving removing crypto tokens permanently from circulation by transferring them to a dead address or a wallet so that they cannot be brought back. Investors favour burning because this is how they are able to exhaust their holdings by selling them at current prices. Their limited supply makes the asset less prone to fluctuations than the one with an unlimited supply. But it may or may not mean your fixed assets will get you an increased value.

Shiba Inu made the announcement through its burn tracker account but did not reveal much about it. It posted a three-second video showing an orange Visa card with SB etched on it. The slogan for the card is “Make Payments, Burn SHIB.” It is likely to be available soon, but when is something the cryptocurrency will release later.

The rewards system of the SHIB Visa card should be in line with the one the SHIB Burn Portal uses. The incentives are credited to an investor’s account in the form of ‘burntSHIB’ tokens. Holders can redeem these tokens against rewards — in the case of the portal — as Ryoshi tokens. Ryoshi token is a fan-created utility token. This reward mechanism is applicable to the SHIB Burn Portal, but for the SHIB Visa card, we will have to await more details in the coming weeks.

The post SHIB Visa card is latest way to burn Shiba Inu coins: What is it? appeared first on BGR India.



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