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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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Elon Musk says don’t want to be CEO of Twitter or Tesla

Elon Musk has said that he does not want to be the CEO of any company, be it Tesla or Twitter. Musk made the comment during a testimony at a trial in the US on Wednesday, challenging his controversial pay compensation package at Tesla.

“I frankly don’t want to be the CEO of any company,” he said, reports The Verge.

“At SpaceX, it’s really that I’m responsible for the engineering of the rockets and Tesla for the technology in the car that makes it successful,” he was quoted as saying. “So, CEO is often viewed as somewhat of a business-focused role, but in reality, my role is much more that of an engineer developing technology and making sure that we develop breakthrough technologies and that we have a team of incredible engineers who can achieve those goals,” Musk elaborated.

He said he does not wish to remain CEO of Twitter forever. “I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” he added.

According to James Murdoch, the former Tesla board member, Musk is even thinking about stepping down as CEO of Tesla.

“Investors have expressed concern over Musk’s ability to multitask and whether the billionaire is taking on too much to legitimately run as many companies as he does,” the report mentioned.

Amid chaos at Twitter, Musk faced two court cases in the US this week, one defending his $56 billion pay package from allegations by Tesla shareholders and the other a manslaughter trial in Los Angeles state for a fatal crash.

Tesla has come under heavy scrutiny on the controversial Autopilot advanced driver assistance system that has allegedly killed many, with both the US federal and state regulators turning up the heat on the electric car-maker.

In August, the Department of Motor Vehicles (DMV) in California accused Musk-run Tesla of running fake claims about its Autopilot and FSD features.

— IANS

The post Elon Musk says don’t want to be CEO of Twitter or Tesla appeared first on BGR India.



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