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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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Restaurants increase discounts on their apps to reduce dependency on Zomato, Swiggy

Large restaurants including Domino’s Pizza are now offering massive discounts and promotional offers of 15-20 percent to the consumers via their own apps as compared to the food delivery services like Zomato and Swiggy. As per a report by Economic Times, this is being done “to offset steep commissions and search optimisation fees being charged by the aggregators and reduce the dependence on them”.

Restaurants now offering more discounts than Swiggy, Zomato

One such example is Domino’s Pizza, which is now offering several “free rewards offers” on its own app on the weekend across delivery, takeaway and dine-in options. Additionally, McDonald’s, Social, Punjab Grill, deGustibus Hospitality, Street Foods of India, Wow!Momo and Pizza Hut are also offering huge discounts on their own apps.

Restaurants want to lessen their dependency on Zomato, Swiggy: Here’s why

Popular delivery partners Zomato and Swiggy charge a 15-30 percent commission on each order which cost more to the restaurants when compared to the commission charged by platforms like ThriveNow and Google-backed DotPe which only charge 3-5 percent. These platforms allow restaurants to set up their own digital services.

The report further reveals that by setting up their own apps and digital services, “orders from their own apps are averaging anywhere between 10% and 25%, though smaller ones are still relying heavily on the aggregators for scale”.

This is why large restaurants are inclining more towards their own apps. They plan to attract consumers with big discounts and promotional offers and reduce their dependence on such aggregators.

As per a statement by Anurag Katriar, chief executive of Indigo Hospitality, “It is extremely important for restaurants to take back some control of their digital landscape, rather than being totally dependent on the aggregators. This will not only save them huge delivery costs but also give them access to more customer data; aggregators have thrived on discounts, which is funded almost entirely by the restaurants.”

The post Restaurants increase discounts on their apps to reduce dependency on Zomato, Swiggy appeared first on BGR India.



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