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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...

Twitter reduces its global workforce, prompts criticism by Indian IT Minister Ashwini Vaishnaw

Union IT Minister Ashwini Vaishnaw has criticised the decision by Elon Musk-run Twitter to sack its employees in India, saying that they should have been given a “fair time for transition”.

Vaishnaw’s reaction, first reported by Business Standard, came as Musk fired about half of Twitter’s workforce globally, including nearly 150-180 employees in India.

“We condemn the way Twitter has sacked employees in India,” said Vaishnaw, adding that the employees “should have given the employees a fair time for transition”.

The layoffs in India were done across departments, from sales to marketing, from content curation to corporate communications.

Twitter employees in India last week lost access to their official emails and internal Slack and group chats.

Those who are still with Twitter India are living in constant fear about losing their jobs in the next round, which they think will happen sooner keeping Musk’s intentions in mind.

According to the company, the employee badge access to Twitter’s offices was shut off “temporarily”.

Musk said there was no choice other than brutally firing half of Twitter’s workforce as the company was losing over $4 million a day.

“Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day,” Musk tweeted.

“Everyone exited was offered 3 months of severance, which is 50 per cent more than legally required,” he added.

He also said that Twitter has seen a massive drop in revenue as activist groups are putting undue pressure on its advertisers.

–IANS

The post Twitter reduces its global workforce, prompts criticism by Indian IT Minister Ashwini Vaishnaw appeared first on BGR India.



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