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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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Pokemon Go maker Niantic lays off employees as it cancels NBA Marvel games

Pokemon GO game developer Niantic has announced that it is laying off around 230 employees, sunsetting NBA All-World and stopping production on Marvel: World of Heroes.

Niantic CEO John Hanke shared an e-mail to employees on Thursday, the company said in a blog post.

“I have some news to share with you about steps we’re taking to set Niantic up for the future. They mean some difficult changes for our organisation, but I believe they are important if we are to weather the current challenges in the market and take advantage of the long term opportunity in front of us,” Hanke said.

“I have made the decision to narrow our focus for mobile game investments, concentrating on first-party games that most strongly embody our core values of location and local social communities.”

Also, the company now wants to increase its focus on building for the emerging class of mixed reality (MR) devices and future augmented reality (AR) glasses. As a result, Niantic will be closing its Los Angeles studio, reducing the game platform team and making additional reductions across the company. Moreover, it will be sunsetting NBA All-World and stopping production on Marvel: World of Heroes.

“In the wake of the revenue surge we saw during Covid, we grew our headcount and related expenses in order to pursue growth more aggressively, expanding existing game teams, our AR platform work, new game projects and roles that support our products and our employees,” Hanke explained.

However, post-Covid, the revenue returned to pre-Covid levels and new projects in games and platforms have not delivered revenues commensurate with those investments, he added.

Hanke described the change as “painful” and said that this step “is in the interest of adjusting to new conditions and evolving the company so it can succeed.”

In June last year, the Pokemon GO game developer had laid off eight percent of its workforce, which was said to be around 85-90 jobs. During the layoff, the company also cancelled four projects, including the ‘Transformers: Heavy Metal’ game.

— IANS

The post Pokemon Go maker Niantic lays off employees as it cancels NBA, Marvel games appeared first on Techlusive.



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