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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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Twitter saw massive revenue drop as activist groups pressured advertisers, says Musk

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

In a tweet, the new Twitter CEO who is firing at least half of its workforce globally, including in India, said these activist groups are destroying free speech.

“Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists,” Musk said in a tweet.

“Extremely messed up! They’re trying to destroy free speech in America,” he added.

The company lost $270 million in the April-June period after revenue slipped 1 per cent to $1.18 billion, reflecting advertising industry headwinds.

The number of daily active users rose 16.6 per cent to 237.8 million compared with the same period a year before.

Advertising revenue was $1.08 billion while subscription and other revenue totalled $101 million, a decrease of 27 per cent year-over-year,

In 2021, the company made a revenue of $5.07 billion.

Meanwhile, Twitter notified employees that it will be “reducing its global workforce” on Friday, as its new CEO aims to cut roughly half of its 7,600-strong workforce.

— IANS

The post Twitter saw massive revenue drop as activist groups pressured advertisers, says Musk appeared first on BGR India.



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