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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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Tata likely to open exclusive Apple Stores in India soon: Report

Apple, as of now, sells all its products via its own e-retail platform and authorised resellers in India. Now, a new report says that the list of the company’s authorised resellers in India is about to get longer as Tata Group is planning to join the group soon.

According to a report by the Economic Times Telecom, Tata Group is in talks with Apple to open exclusive Apple Stores across the country. The iPhone-maker is reportedly tying up with Tata Group’s Infini Retail, the company that runs Croma stores across the country to bring small exclusive Apple Stores across the country.

Sources aware of the development told the publication that Tata Group has started discussions with high streets and premium malls across the country for space to open its Apple authorised stores. These discussions not only include details pertaining to leasing store space but also the stores and companies that can’t open their own stores near the Apple’s authorised store.

Apple, on its part, has reportedly informed its retail partners that its company owned stores usually boost sales for its authorised retail partners — a trend that it expects to see in India as well. That said, both Apple and Tata Group have not commented on the matter as of now.

About Apple Stores in India

Interestingly, the news comes at a time when Apple is planning to open its own first brick and mortar store, that is, the Apple Store in India. Earlier, it was reported that Apple would open its first offline store in India sometime in 2022. Later, a report by The Economic Times said that Apple had postponed opening its first offline store in India to 2023. The first Apple Store is now expected to open sometime between January and March in Mumbai wherein the company has taken around 22,000 sq ft of space near the Bandra-Kurla complex.

The company is planning to open its second Apple Store in New Delhi wherein the company has taken around 12,000 sq ft of space. Besides, Mumbai and New Delhi, Apple is also expected to open its official stores in Chennai, Hyderabad and Bengaluru.

The post Tata likely to open exclusive Apple Stores in India soon: Report appeared first on BGR India.



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