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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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Galaxy S23 series to stay in demand in India despite slowdown, says Samsung’s TM Roh

The premium smartphone market in India is set to grow despite the economic slowdown, Dr T.M. Roh, President and Head of Mobile eXperience Business at Samsung Electronics, said on Monday.

Rising adoption of 5G smartphones and global consumer trend to buy smartphones that are more reliable will lead to growth in the Indian market, Dr Roh told IANS.

“Demand for premium smartphones, with a price tag of over $400 in India, is rising quickly as the 5G network expands. The 5G smartphone market here is expected to grow by over 60 per cent in 2023, with the premium smartphone market projected to grow by more than 30 per cent,” he elaborated.

Samsung recently said it had notched over 140,000 pre-bookings for its premium Galaxy S23 series in just 24 hours in India, twice the number of pre-bookings it received for Galaxy S22 series last year.

“It is being very well received by Indian customers, especially the Galaxy S23 Ultra in green,” he said.

Dr Roh, the youngest President ever appointed at Samsung, said the Indian smartphone market will keep growing and Samsung will be there for the ride.

According to analysts, India will have nearly 1 billion smartphone users by 2026, driven by rapid adoption of smartphones in young consumers. India has over 600 million Gen MZ consumers, the largest in the world.

Dr Roh said Samsung will continue to invest in its R&D center in India and advance the smart factory technology at its manufacturing center in India.

“2023 marks the 50th anniversary of Korea and India’s diplomatic relationship. I am looking forward to the next 50 years and please continue to show your love and support for Galaxy products, which are created with effort, dedication and innovation,” he added.

— IANS

The post Galaxy S23 series to stay in demand in India despite slowdown, says Samsung’s TM Roh appeared first on Techlusive.



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