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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...

Meta may not launch its Twitter rival in European Union: Report

Meta (formerly Facebook) will reportedly not launch its new Twitter competitor “Threads” in Ireland or the European Union (EU) in the foreseeable future.

According to Ireland’s Data Protection Commission (DPC) spokesperson, the regulator had been in contact about the new service and that it would not be rolled out in the EU “at this point”, reports Independent.ie.

Threads is expected to launch on Thursday in the US and UK as an alternative to Twitter.

The new platform is designed to import data from Instagram, including behavioural and advertising information.

In its US format, the platform informs users that it will collect a wide range of information about them, including health information, financial information, browsing histories, location, purchases, contacts, search history and sensitive information.

However, in the EU format, the Irish regulator has prevented Meta from launching advertising services on WhatsApp that use data from Facebook or Instagram.

In the US, where privacy laws are weaker, the tech giant is permitted to combine the two data streams, said the report.

The DPC has not actively blocked the service, instead, the company is still preparing it for a European launch outside the UK, which does not fully comply with GDPR.

Last week, Meta’s Twitter competitor briefly appeared on the Google Play Store.

Since January, Threads has been under development at Meta under the name “Project 92”.

“We’ve been hearing from creators and public figures who are interested in having a platform that is sanely run, that they believe that they can trust and rely upon for distribution,” Meta chief product officer Chris Cox had said.

— IANS

The post Meta may not launch its Twitter rival in European Union: Report appeared first on Techlusive.



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