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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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Government amends guidelines for EV charging infrastructure: Here’s what’s new

The Power Ministry on Monday amended the guidelines for charging infrastructure for electric vehicles, under which public charging stations would have the feature of prepaid collection of service charges with the time of the day rates and discounts for solar hours.

In addition to this, a committee under the Central Electricity Authority (CEA) would recommend to the states the ceiling limit of service charges to be levied.

The panel would also recommend the time of the day rate for service charges as well as the discount to be given for charging during solar hours.

The guidelines had been issued in January this year with the aim of enabling faster adoption of electric vehicles and providing affordable tariff, chargeable from charging station operators and electric vehicle owners.

–IANS

The post Government amends guidelines for EV charging infrastructure: Here’s what’s new appeared first on BGR India.



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