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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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Microsoft announces another round of job cuts affecting 276 employees

Microsoft has laid off 276 employees, mostly in customer service, support and sales teams, in a new job cut round.

The fresh job cuts “go beyond the 10,000 global layoffs announced by Microsoft on January 18,” reports Geek Wire.

Microsoft laid off 276 employees in Washington State. The cuts will affect 210 workers in the company’s Bellevue and Redmond offices and 66 virtual staffers, according to a Worker Adjustment and Retraining Notification (WARN).

“Organisational and workforce adjustments are a necessary and regular part of managing our business,’ a Microsoft spokesperson said in a statement.

“We will continue to prioritise and invest in strategic growth areas for our future and in support of our customers and partners,” the spokesperson added.

Several posts on leading professional networking platform LinkedIn revealed job cuts that targeted customer support and sales jobs across teams.

In May, Microsoft slashed 158 jobs in Washington State which were not not part of the 10,000 announced earlier.

According to reports, more than 2,700 Seattle-area workers were affected by the layoffs announced earlier this year. Microsoft Chairman and CEO Satya Nadella in January announced that the company will be “making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3 (third quarter)”.

The tech giant had more than 220,000 employees (as reported earlier this year).

–IANS

The post Microsoft announces another round of job cuts, affecting 276 employees appeared first on Techlusive.



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