AMD Financial News

Amazon Great Freedom Festival sale of 2023 has kicked off, offering customers a wide selection of smart TVs, smartwatches, smartphones, Bluetooth speakers and other gadgets, in various price ranges. The four-day extravaganza began on August 4 for all the customers and will continue until August 8. Below, you'll find a compilation of top rated deals on smartphones, laptops, and other exciting gadgets with discounts available during this sale.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Verra Mobility, AMD, Wingstop, and Generac Holdings, and a downgrade for ZoomInfo Tech.

By Louis Juricic and Sarina Isaacs

New Delhi US chipmaker Advanced Micro Devices’ (AMD) decision to invest $400 million in India isn’t tied to government incentives but rather a vote of confidence in the country’s strong talent pool, said Mark Papermaster, chief technology officer at AMD. In an interview, Papermaster said most of the investment will go towards hiring 3,000 engineers by 2028. He said steps taken by the government to develop semiconductor skills and other initiatives will make India a global talent hub.

Advanced Micro Devices plans to end its year with a banger. Investors couldn’t wait that long to celebrate. The chip maker more commonly known as AMD has been the second-hottest semiconductor stock this year next to Nvidia.

Check out the companies making headlines before the bell on Wednesday.

Investing.com -- U.S. stock futures fall after Fitch lowers its U.S. credit rating, flagging worries over Washington's ability to resolve pressing fiscal issues in the wake of a tense debt-limit standoff earlier this year. Elsewhere, semiconductor firm Advanced Micro Devices predicts that the planned launch of its new artificial intelligence chips will drive earnings higher this year, while Starbucks sees demand for its coffee and food offerings slow in North America.

Investing.com — U.S. futures fell Wednesday after the surprise downgrade of the U.S. government's credit rating by Fitch hit sentiment, as the quarterly earnings season continued.

Nvidia chips, with the company's CEO saying it sees an «opportunity» to sell its AI chips in China. Shares were up roughly 3.5% in after-hours trading.AMD CEO Lisa Su said AMD is set to ramp production of its MI300 artificial-intelligence chips in the fourth quarter. The MI300 AI accelerator chips are designed to compete against the advanced H100 chips already sold by Nvidia, though they are in short supply.

In this article

Semiconductor packaging is poised to be an inflection point in India’s chip-making and fabrication push and the country has the right talent to become a manufacturing centre, Prabu Raja, president of semiconductor products group (SPG) at Applied Materials, told ET in an interview. The central government’s approach to starting with packaging and testing for semiconductors to build a complete ecosystem for chips is the right approach, Raja said on the sidelines of the Semicon 2023 conference in Gandhinagar, Gujarat. Applied Materials, one of the leading global manufacturers of precision instruments for semiconductor fabrication, will invest $400 million to set up a collaborative engineering centre in Bengaluru, the company announced last month.Also read | US chipmaker AMD to invest $400 million in India by 2028 This would be the company’s second office in India, apart from its research and development centre in the same city.

semiconductor policy has taken care of talent and design capabilities to ensure that it stays ahead of the chip-making plans other countries have drawn up, union minister for electronics and information technology Ashwini Vaishnaw said. In an interview with Aashish Aryan on the sidelines of the Semicon India 2023 conference in Gandhinagar, Gujarat, he said the India Semiconductor Mission will ensure that companies willing to set up shop in India do so as a natural business decision, not just on geopolitical and supply chain considerations.

Edited excerpts: You’ve got nearly $2 billion in investment commitments from AMD, Micron and Applied Materials. What’s the next target? We are already in discussion with many more players. So the next target is within the next 12 months.

Advanced Micro Devices (AMD), which designs but doesn’t manufacture its own chips, will invest about $400 million in India over the next five years to expand research, development and engineering operations in the South Asian nation, Mark Papermaster, executive vice president and chief technology officer said on Friday. “I am pleased to announce that AMD will invest approximately $400 million in India over the next five years," he said. Making the announcement at the Semicon India 2023 conference, the top executive said that AMD will build a new campus in Bengaluru which will be AMD’s largest R&D facility in the world.

New Delhi: Prime Minister Narendra Modi pitched India to global semiconductor companies, highlighting its expanding talent pool, favourable tax regime, and financial incentives. Modi urged investors to seize the opportunity to invest in India and assured them that reforms to improve the business environment will continue. “Last year, the question people were asking at Semicon India was why they should invest in India, but in one year, the question has changed to why not invest.

Vedanta chairman Anil Agarwal on Friday said that the company is in discussions with three firms to have separate tie-ups for foundry, chips and packaging and testing, for its semiconductor unit in India. In an exclusive conversation with Mint, Agarwal said that the tie-ups should happen in a few months.

Prime Minister Narendra Modi on Friday invited global semiconductors majors to come and invest in India and asserted that whosoever comes forward will have a “first mover’s advantage," while speaking at the 'Semicon India 2023' event.PM Modi said that India wants to emerge as a trusted partner for the semiconductor industry and is keen to be a chip supplier for the world. He told investors," You have to develop a chip-making ecosystem for Indians. I believe whosoever comes forward will have a first mover’s advantage." The event was aimed at bringing together global leaders from industry, academia and research institutions.

Semicon India conference in Gandhinagar, Gujarat. The event is being held in an effort to attract investment into India's chip industry and establish the country as a semiconductor manufacturing hub to rival countries like Taiwan and China.

Rajeev Chandrasekhar said on Thursday. «The necessary policy framework is already in place to create a vibrant component ecosystem. And if there is any need for the government to intervene and create more PLI type of schemes, we will do so,» he said while addressing the media ahead of the 'Semicon India 2023' event in Gandhinagar.

the future of the semiconductor industry in both India and Gujarat," the release further noted. The Semicon India event will be inaugurated by Prime Minister Narendra Modi on July 28 and will attended by delegates from 23 countries.

Narendra Modi will inaugurate 'Semicon India 2023', a premier showcase of India's semiconductor capabilities and chip design innovation, on July 28 at Gandhinagar. With the participation of companies like Foxconn, Micron, AMD, IBM, Marvell, Vedanta, LAM Research, NXP Semiconductors, STMicroelectronics, the mega event will shine a light on India's rapid strides towards fostering global semiconductor manufacturing and design ecosystem.