AUGUST 20238U.S CHIPMAKER ADVANCED MICRO DEVICES TO INVEST $400 MILLION IN INDIA BY 2028The American semiconductor company Advanced Micro Devices said that it will spend $400 million in India over the following five years and that Bengaluru will become the site of its largest design facility. Mark Papermaster, AMD's chief technology officer, made the news at the annual semiconductor conference, which began Friday in Gujarat, the home state of Prime Minister Narendra Modi. Other speakers at the main event included Micron CEO Sanjay Mehrotra and Foxconn Chairman Young Liu.The Modi administration has been pursuing investments into India's developing chip industry despite its late entry to establish its credentials as a chipmaking centre. By the end of this year, AMD stated, it will launch its new design centre campus in Bengaluru, and within five years, it will add 3,000 new engineering positions. According to Papermaster, "Our India teams will continue to play a key role in delivering the high-performance and adaptable solutions that support AMD customers worldwide."With the addition of the 500,000 square foot (55,555 square yard) facility, AMD will have 10 offices in India. More than 6,500 people work for it currently in the nation. AMD chips are utilised in a variety of systems, including data centres and desktop computers. The company, situated in Santa Clara, California, is also developing an AI processor to compete with Nvidia Corp., the current market leader.In contrast to its main rival Intel, AMD contracts with companies like Taiwan's TSMC to produce the processors it designs. In order to prevent supply chain shocks like those experienced during the epidemic, several countries are now striving for the technologies that TSMC and Samsung, a company from South Korea, have perfected. India in 2021 unveiled a $10 billion incentive programme for the chip sector, but the plan has floundered as no company has so far managed to get clearance for setting up a fabrication plant, the centerpiece to Modi's ambitions.Other investments in India include a multi-year $400 million plan by U.S. chip equipment maker Applied Materials in June to set up an engineering center, and chipmaker Micron' $825 million investment in a semiconductor testing and packaging unit in Gujarat. RAYS POWER INFRA, SERENTICA RENEWABLES TO SET UP 283 MW SOLAR PROJECTRays Power Infra announced that a 283 megawatt solar project has been agreed upon with Serentica Renewables. According to a statement from Rays Power Infra, the engineering, procurement, and construction (EPC) project would make use of single-axis trackers and bifacial modules."Rays Power Infra and Serentica Renewables have agreed to an EPC term sheet. The designing, procurement, and construction of a 283 MW DC solar PV project utilising single-axis trackers and bifacial modules would be handled by Rays Power Infra, the statement added.The project will open up a number of employment prospects and company expansion chances for the subcontractors. According to Rays Power Infra Director Pawan Sharma, the company is concentrating on building more of these power plants in Karnataka and other states.Regarding the project's location or its financial statistics, the corporation did not offer any other specifics. An installed solar power portfolio of 1.30 gigawatts peak is owned by Rays Power Infra. AUGUST 20238TOPSTORY
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