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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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Apple shipped iPhones and iPads worth $7.5 billion in India in FY23

Amid the local manufacturing push and an upcoming widespread retail store strategy, Apple shipped $7.5 billion worth iPhones and iPads in India in FY22-23, data accessed by IANS has shown.

In FY23, Apple shipped more than 7 million iPhones and half a million iPads in the country, registering a 28 per cent growth for iPhone shipments, according to initial estimates provided by market intelligence firm CMR.

As Apple doubles down on domestic manufacturing in India, the tech giant is likely to garner 6 per cent market share in FY23-34, with selling more than 8 million iPhones in the country in the period.

“In the FY22-23 period, Apple continued to accelerate its momentum in India, with double-digit growth in iPhone shipments year-on-year,” Prabhu Ram, Head, Industry Intelligence Group, CMR, told IANS.

Meanwhile, in the March quarter (the last quarter of FY23), iPhones registered 67 per cent growth, with 2.1 million shipments in the country.

“In the most recent March quarter, a strong uptick in consumer demand in India catalysed the shipments of iPads and iPhones. Specifically, the current iPhone 14 series, and the previous iPhone 13 line-up constituted for a majority of the shipments,” Ram added.

iPhone 13 series garnered 48 per cent market share in Q1 2023, followed by iPhone 14 series at 44 per cent.

For the entire FY23, iPhone 14 series logged 36 per cent market share in India.

Looking ahead, Apple enjoys some favourable tailwinds in India, a strong future growth driver.

“There is growing ‘premiumsation’ in the Indian smartphone market, backed by a healthy urban demand for premium smartphones. Domestic iPhone manufacturing in India continues to see a healthy uptick, and there is potential for concurrent iPhone production with China on the horizon,” Ram told IANS.

Apple will open its two flagship, own-branded retail stores, next week in Mumbai and New Delhi.

According to reliable sources, Apple CEO Tim Cook will inaugurate Apple’s own branded retail stores — at Jio World Drive Mall in Mumbai and at Select CityWalk mall in Saket, Delhi — a first for the tech giant which has doubled down on its India growth plans.

“The new Apple flagship retail stores in Mumbai and Delhi, backed by aggressive sales initiatives, will fuel Apple’s growth in the year ahead,” said Ram.

— IANS

The post Apple shipped iPhones and iPads worth $7.5 billion in India in FY23 appeared first on Techlusive.



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