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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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UPI payments to soon begin in France starting with Eiffel Tower

Prime Minister Narendra Modi has said that India and France have agreed on usage of the Unified Payments Interface (UPI) mechanism and it will begin from the Eiffel Tower, which means Indian tourists can pay in rupees to visit the world famous site.

Addressing the Indian diaspora in Paris on the first day of his visit to France, Modi announced that the agreement for usage of India’s UPI in France has been finalised.

“The agreement for usage of India’s UPI in France has been finalised. In coming days, its usage will begin from Eiffel Tower. Soon Indian tourists with the help of mobile app will be able to make payment in rupee to visit the Eiffel Tower,” the Prime Minister said amid huge applause from the diaspora.

This will mean that now Indian tourists can pay in rupee to visit the Eiffel Tower, Modi informed the gathering.

In 2022, the National Payments Corporation Of India (NPCI), the umbrella organisation that offers UPI services, had signed an MoU with France’s own fast and secure online payment system, called Lyra.

Modi announced the finalisation of the pact between Lyra and UPI, which makes it the first such arrangement for a European country.

—IANS

The post UPI payments to soon begin in France starting with Eiffel Tower appeared first on Techlusive.



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