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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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India smartphone market to grow 10 percent to reach 175 million units in 2023

Buoyed by 5G push and a high installed base, the India smartphone market is projected to grow 10 per cent in 2023 to reach 175 million units, a report showed on Friday. India currently has more than 600 million smartphone users, a number which is expected to grow over time as more feature phone users migrate to smartphones.

The replacement demand from these users will drive the market in 2023 and beyond, according to Counterpoint Research. The 5G networks are now live in multiple cities. Even though 5G smartphones have been making news in the market, they will account for just one-third of the market in 2022.

“5G has been high on Indian consumers’ wish lists and with 5G networks now being available, many consumers will replace their 4G smartphones in 2023,” the report mentioned. The smartphone shipments are expected to fall 5 per cent YoY in 2022, dipping for the second time in the last three years, according to Counterpoint Research.

The government purchase of smartphones will push sales. Rajasthan has rolled out a tender for the acquisition and distribution of smartphones among women in 2023. “We also expect the inflationary macro environment to get better next year. Therefore, consumers who postponed buying a new phone in 2022 will be able to buy a new one in 2023,” said Ankit Malhotra, research analyst.

According to the report, the Indian market has seen a steady rise in the last five years barring the Covid-19 2020 to grow 1.5 times from 2016 to 2021. The market failed to meet expectations in 2022. It started the year with component shortages.

But even as the situation resolved on the supply side by the first half of 2022, the consumer demand did not improve as expected. Despite the dip in 2022, India’s smartphone market has been resilient and performed better than many other regions, said the report.

–IANS

The post India smartphone market to grow 10 percent to reach 175 million units in 2023 appeared first on BGR India.



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