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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’s first physical store in India is finally ready and this is what it looks like

After years of wait, Apple on Wednesday finally lifted the curtains off its much-awaited own branded retail store in India, as it ramps up plans to boost local manufacturing in a fillip to the Central government’s ‘Make in India’ initiative. Apple revealed the barricade of its first brick-and-mortar store in India at Jio World Drive Mall in Mumbai, officially marking the upcoming opening of what is being called Apple BKC (short for Bandra Kurla Complex).

Inspired by the iconic ‘Kaali Peeli’ taxi art unique to Mumbai, the Apple BKC creative includes colourful interpretations of the decals combined with many Apple products and services that will be available for our customers to discover.

apple store mumbai, apple bkc

The creative for the store features a bright welcome to people passing by with the classic Apple greeting, “Hello Mumbai”.

“To celebrate the opening of the new store, visitors can download the new Apple BKC wallpaper and move to the sounds of Mumbai with a specially curated playlist on Apple Music,” said the company.

The company is all set to open the gates of the India retail store to the public this month.

Apple will also possibly launch a retail store in New Delhi at a later date.

The tech giant has set another all-time revenue record for the Indian market, along with quarterly records in Brazil and India. Apple CEO Tim Cook said recently that looking at the business in India, “We set a quarterly revenue record and grew very strong double digits year over year and so we feel very good about how we performed”.

“That’s despite the headwinds that we talked about. India is a hugely exciting market for us and a major focus. We brought the online store there in 2020. We will soon bring Apple Retail there,” Cook announced in February.

He said that Apple actually did fairly well through the pandemic in India. “That’s the reason why we are investing there by bringing retail there, bringing the online store there, and putting out a significant amount of energy there. I’m very bullish on India,” the CEO added.

Apple sold 2 million iPhones in India in the holiday quarter (Q4) of 2022, registering 18 percent growth (quarter-on-quarter) for its flagship device. The Indian market share of iPhones reached 5.5 percent for 2022, an 11 percent growth (year-on-year).

— IANS

The post Apple’s first physical store in India is finally ready and this is what it looks like appeared first on Techlusive.



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