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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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Indian government set to ban 138 betting apps, 94 Loan apps with China links

The Indian government has banned hundreds of apps with China links for security purposes in the past. Continuing the crackdown, the government is planning to ban 138 betting apps and 94 loan lending apps with Chinese links on an “urgent” and “emergency” basis, reported News18.

MeitY to ban several betting apps with China links

The Ministry of Home Affairs recommended the MeitY ban and block these apps by the coming week under Section 69 of India’s IT law, the report said.

The IT law allows the government to block public access to content in the interest of national security, among other reasons. Orders issued under the section are generally confidential in nature.

The report further added that these apps are accused to display predatory behaviour that can trap users in massive debt. They can even be misused as tools for “espionage and propaganda, besides posing a security risk to the data of the Indian citizens”.

Since the start of political tension with China in 2020 following a border clash, India has banned popular Chinese apps in the country including TikTok and WeChat Messenger.

Almost six months ago, the Union Home Ministry started its analysis of 288 Chinese loan-lending apps. This analysis revealed that only 94 of them were available on e-stores and others were working on third-party links.

It was reported that the Central Intelligence agencies and Telangana, Odisha and Uttar Pradesh had requested the Home Ministry to take strict action against such apps.

India last year blocked access to several Chinese mobile apps citing security concerns, which was followed by China expressing concerns over bilateral economic and trade cooperation.

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–With inputs from Reuters

The post Indian government set to ban 138 betting apps, 94 Loan apps with China links appeared first on Techlusive.



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