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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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Facebook parent company Meta appoints Sandhya Devanathan as Head, VP of India

Meta on Thursday announced the appointment of Sandhya Devanathan as the Vice President of Meta India. Devanathan will focus on bringing the organization’s business and revenue priorities together to serve its partners and clients, while continuing to support the long-term growth of Meta’s business and commitment to India. She will transition to her new role on January 1, 2023 and will report to Dan Neary, Vice President, Meta APAC and will be a part of the APAC leadership team. She will move back to India to lead the India org and strategy.

As part of her role, Devanathan will spearhead the company’s India charter and strengthen the strategic relationships with the country’s leading brands, creators, advertisers, and partners to drive Meta’s revenue growth in key channels in India.

She joined Meta in 2016 and helped build out the Singapore and Vietnam businesses and teams as well as Meta’s e-commerce initiatives in Southeast Asia. In 2020, she moved to lead Gaming for APAC which is one of the largest verticals for Meta globally. She also serves on the global board of Pepper Financial Services.

On the appointment, Marne Levine, Chief Business Officer, Meta said, “India is at the forefront of digital adoption and Meta has launched many of our top products, such as Reels and Business Messaging, in India first. We are proud to have recently launched JioMart on WhatsApp, which is our first end-to-end shopping experience in India.”

“I’m pleased to welcome Sandhya as our new leader for India. Sandhya has a proven track record of scaling businesses, building exceptional and inclusive teams, driving product innovation and building strong partnerships. We are thrilled to have her lead Meta’s continued growth in India,” Levine noted.

The post Facebook parent company Meta appoints Sandhya Devanathan as Head, VP of India appeared first on BGR India.



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