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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 to roll out 10,000 electric cars in its fleet across India

Ola has announced it is ready to enter the premium EV category with a fleet of 10,000 electric cars. The cab aggregator app-based company said it is in the final stages of rolling out the pilot of the new category in the coming weeks. The electric vehicles will be available as a part of the company’s ride-hailing service alongside the existing ones that use conventional resources such as petrol, diesel, and CNG. Ola claims its electric cars will be operated by top-rated drivers and will facilitate fully cashless payments.

The last claim of cashless payments is a tall one. The ground reality of Ola cabs suggests the denial of cab service by drivers if the rider chose an online payment mode. Ola is also claiming that there will be zero cancellations for its premium fleet, which will “reimagine every aspect to offer consumers a seamless ride experience.”

Commenting on the announcement, Bhavish Aggarwal, founder and CEO of Ola Electric, said, “Electrification of the ride-hailing fleet is the next frontier for the industry and a huge step in the direction of the future of mobility. Our roadmap of developing in-house core technologies and products that can be leveraged across the group level gives us a very strong competitive advantage in the ride-hailing business. We are completely reimagining this segment to not only improve the driver and consumer experience but also offer clean and green mobility options eventually to 500 million Indians.”

The new EV service by Ola will take on Uber’s efforts to roll out electric cars in its fleet across the country. Since electric vehicles are being seen as the next revolution in the auto industry, mostly because of fewer carbon emissions than those that run on petrol and diesel, cab aggregators are bullishly moving ahead to adapt. The government is also promoting the use of electric vehicles to minimise dependence on non-renewable resources.

The biggest competitor of Ola, however, would be BluSmart, which is an EV-only cab aggregator available in select Indian cities. Ola, however, claims it has the biggest ride-hailing network in India with operations in 200 cities and more than 1 million drivers on the platform.

The post Ola to roll out 10,000 electric cars in its fleet across India appeared first on BGR India.



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