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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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Online gaming: In process of finalising regulations, Centre tells Delhi HC

The Delhi High Court on Monday was informed by the Centre that the draft for online gaming regulation has been circulated and it is in the process of finalising the same with two rounds already over.

The Central government’s counsel said: “Draft regulation has been circulated and consultations with the stakeholders have started.

“Two rounds have already happened. We are in the process of finalising the same.”

Centre is in the process of finalising online gaming regulations

A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad, hearing petitions by advocate Atul Batra and Avinash Mehrotra, said that the court would hear the matter post eight weeks.

In Batra’s plea, it was stated that in the name of “games of skill”, “games of chance” are being promoted and that equates to online gambling, which is as bad as any substance abuse.

It was stated that keeping a tab on online gambling is must and if it is not done, it might be harmful for the youth as they can fall prey to such games damaging their life personally and professionally.

However, Batra, who said that it (his plea) does not require any further order, was granted liberty to approach the court again in case of any grievance while the latter closed the proceedings on the same.

In the petition by Mehrotra, which seeks recovery of taxes due from online players and site operators, it is claimed that with online gambling system not being regulated in India, it is also a great place for carrying out hawala operations and laundering money.

The plea seeks court’s direction to the Centre to prosecute the unscrupulous owners/proprietors, and the promoters of the online gambling websites in accordance with law.

–IANS

The post Online gaming: In process of finalising regulations, Centre tells Delhi HC appeared first on Techlusive.



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