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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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Ola Electric to open 100 experience centres in India by January 26, says founder Bhavish Aggarwal

Ola Electric has been steadily increasing its presence in India. The company had 100 Ola Experience Centres in cities across the country by the end of December 2022. Now, the company has announced that it will soon be opening 100 more experience centres in India. Ola Electric founder and CEO Bhavish Aggarwal has announced that the company will be opening 100 more experience centres in India by January 26, 2023.

“We had 100 experience centers at end of Dec 2022. Opening 100 more by 26th Jan across India. All these centers will also have service desks,” he wrote in the tweet announcing the news adding that all these experience centres will also include service centres.

Notably, the development comes shortly after the company’s cab-aggregator service, Ola, announced that it was set to enter the premium EV category in India with a fleet of 10,000 cars. At the time, the company had said that it was in the final stages of rolling out the pilot in the new category and that its new of cars would be operated by the top-rated drivers and come with benefits such as 100 percent ride assurance post allocation of the cab, zero cancellations, and 100 percent cashless payments among other things.

As far as Ola Electric’s future plans are concerned, the Ola Electric founder has already revealed that the company plans to launch a mass-market scooter, a mass-market motorcycle and a host of premium electric motorcycles in 2023. “In 2023 and 2024, we will launch many more 2W EV products – a mass market scooter, a mass market motorcycle, and multiple premium motorcycles (sports, cruisers, adventure and road bikes),” Aggarwal had written in the blog post last month.

In addition to this, he said that Ola will be launching its first electric car, which he teased earlier last year, in 2024. “Our first car will launch in 2024 and by 2027 we will have 6 different products in the market,” the Ola Electric founder added.

The post Ola Electric to open 100 experience centres in India by January 26, says founder Bhavish Aggarwal appeared first on BGR India.



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