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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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Modi in US: Google to setup global fintech operation centre in Gujarat says Sundar Pichai

Alphabet and Google CEO Sundar Pichai has announced the company will open its global fintech operation centre at GIFT City in Gujarat.

After meeting Prime Minister Narendra Modi here on Friday during his three-day state visit to the US, Pichai made the announcement, saying that the company will continue to invest in India through its $10 billion digitisation fund.

In 2020, Google had announced to invest a whopping $10 billion in the country through its India Digitisation Fund over the next five to seven years.

“Today we are announcing the opening of our global fintech operations centre in GIFT City, Gujarat. It will cement India’s fintech leadership, thanks to UPI, and Aadhaar. We are going to build on that foundation and take it globally,” Pichai said.

He said Prime Minister Modi’s vision for Digital India was ahead of its time and “I now see it as a blueprint that other countries are looking to do so”.

The Ministry of External Affairs said in a tweet that Modi interacted with Pichai and “discussed measures like artificial intelligence, fintech and promoting research and development”.

They also discussed collaboration between Google and academic institutions in India to promote research and development, and skill development.

In December last year, Pichai visited India and pledged support for India’s G20 Presidency.

“Look forward to continuing our strong partnership and supporting India’s G20 Presidency to advance an open, connected internet that works for all,” Pichai had tweeted after meeting Prime Minister Modi in New Delhi.

Praising the government’s Digital India initiative, Pichai said that he is “excited for India to share its experience with the world as it takes over the G20 Presidency in 2023”.

He added that the pace of technological change in India is “extraordinary” and there are several opportunities ahead.

— IANS

The post Modi in US: Google to setup global fintech operation centre in Gujarat, says Sundar Pichai appeared first on Techlusive.



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