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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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Amazon fires 100 more employees in latest round of job cuts

Amazon has laid off more than 100 employees across its gaming divisions, which include Prime Gaming, Game Growth, and Amazon Games, as part of ongoing layoffs at the company. The latest job cuts days after the company fired thousands of employees from its Amazon Web Services (AWS) vertical.

The company is now reassigning workers to projects that fit its “strategic focus”, according to a report in Engadget. “Laid-off employees are already being notified and will get severance pay, health benefits, and paid time to find new jobs,” the report noted.

In an internal memo, the company said the cuts come after Amazon weighed its ongoing projects against its “long-term goals”.

Amazon is only offering the ‘New World’ game at the moment and its move to popularise a free-to-play shooter game called ‘Crucible’ was shut down after just a few months.

In March, the e-commerce giant announced to lay off another 9,000 employees in Amazon Web Services (AWS), Twitch, advertising, and HR. In a memo, Amazon CEO Andy Jassy said that as the company concluded the second phase of its operating plan. “I’m writing to share that we intend to eliminate about 9,000 more positions in the next few weeks, mostly in AWS, PXT, Advertising, and Twitch.”

Amazon initially eliminated 18,000 positions in January and as “we completed the second phase of our planning this month, it led us to these additional 9,000 role reductions”.

— IANS

The post Amazon fires 100 more employees in latest round of job cuts appeared first on Techlusive.



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