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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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Ola’s electric car could arrive on August 15, hints CEO Bhavish Aggarwal

Ola is planning to launch an electric car in India soon. Ola Electric CEO Bhavish Aggarwal has been sharing teaser videos of the company’s upcoming electric vehicle via his official Twitter account. In one of such posts on the micro-blogging platform, Aggarwal 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.

In a more recently post, he wrote — “Wheels of the revolution”, with a short video of what looks like the back of Ola’s upcoming electric car. Take a peek at it here:

In a separate teaser video earlier this week, the Ola Electric CEO wrote — “Can’t wait to share all the stuff we’ve been working on this year! See you at 2pm on 15th August!!,” hinting towards the launch of a new electric vehicle.

It is worth noting that this not the first time that the Ola Electric CEO has hinted towards the company planning to launch an electric car in India soon. Earlier this month, Aggarwal hosted a poll via his official Twitter handle wherein he asked his follower as to what the company was planning to launch on August 15. The options included — a new S1 electric scooter at a more pocket-friendly price, ‘India’s sportiest car’, Ola cell factory or an Ola S1 electric scooter in a new colour variant. The poll showed a close call between a new electric car and a new electric scooter.

Details about the company’s electric car are scarce for now but Ola has already revealed its first electric car will be available in a red colour variant and sport Ola Logos on both the sides. A LiveMint report says the the upcoming electric car would sport a coupe-style roofline with 4 doors.

The post Ola’s electric car could arrive on August 15, hints CEO Bhavish Aggarwal appeared first on BGR India.



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