Tech
SoftBank’s Graphcore plans $1.3 billion chip investment in India
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Graphcore, the British chip designer owned by SoftBank Group Corp., is planning to announce a £1 billion ($1.3 billion) investment package in India that includes a new research hub.
The announcement is scheduled as part of a delegation of UK businesses joining Prime Minister Keir Starmer on a trip to India this week, people familiar with the plans said. Graphcore, which is based in Bristol, plans to open the research facility in Bengaluru and share plans to hire as many as 500 people over the next five years, said one of the people, who asked not to…
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