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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...

Independence Day 2022: Ola electric car with a range of over 500km to debut today

Ola CEO Bhavish Aggarwal has promises to make three big announcements related to electric vehicle, on the occasion of Independence Day 2022. Aggarwal on the micro-blogging platform wrote that the company would make an important announcement at 2PM on August 15, 2022. Accompanying the post is a short video that shows a red-coloured car. “Picture abhi baaki hai mere dost,” he wrote in the post. Aggarwal had earlier shared a teaser for an electric car back in a tweet dated January 25 and said that it would be a futuristic looking vehicle. To recall, Ola Electric scooter was also launched on August 15 last year. The company then showcased Ola Electric S1 and S1 Pro.

As per reports, the upcoming Ola Electric cars might boast of a range up to 500 km on a single charge. At the Ola Customer Day in June, the company shared a video teaser of the car, showing its LED DRLs in red colour. The front and rear design of the car was also a part of the teaser. The Ola logo appeared on both sides. Anything else about the Ola electric car is not official, but a Live Mint report suggested the car would have a coupe-style roofline with 4 doors.

In addition, the company will unveil new colour variants of Ola Electric S1 Pro or a more affordable electric scooter compared to its flagship S1 Pro. The company recently signed its PLI agreement with MHI (Ministry of Heavy Industries) to set up a new cell factory in India. Considering that batteries are one of the biggest factors in the pricing of an EV, Ola’s in-house cell factory can help it reduce prices considerably. However, it is still pretty early to speculate on that.

Aggarwal sent out a tweet dropping a very strong hint about the new colour option. In a tweet he not only shared an image of a forest but also shared that the company will be revealing the “greenest EV” Ola has made so far. In the video trailer, the company said “The Greenest Scooter Just Got Greener”.

The post Independence Day 2022: Ola electric car with a range of over 500km to debut today appeared first on BGR India.



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