Read KYEC to exit china following semiconductor sanctions
KYEC to exit china following semiconductor sanctions
May 02, 2024

KYEC to exit china following semiconductor sanctions

China

King Yuan Electronics Co (KYEC), one of the world's largest testing and packaging services firms, has sold its entire 92.1 percent stake in its King Long Technology (KLT) subsidiary, a manufacturing hub in the Chinese city of Suzhou as the company sets out to leave China. KYEC cites issues ari...

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Read Coreweave secures $1.1 billion in new funding
Coreweave secures  $1.1 billion in new funding
May 02, 2024

Coreweave secures $1.1 billion in new funding

United States

GPU cloud provider CoreWeave announced that it has secured $1.1 billion in new Series C funding round this week led by Coatue, with participation from Magnetar who led the last primary round, as well as Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management....

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Read TSMC partners with Ansys, Synopsys and Cadence for silicon photonics program
TSMC partners with Ansys, Synopsys and Cadence for silicon photonics program
May 02, 2024

TSMC partners with Ansys, Synopsys and Cadence for silicon photonics program

Taiwan

Chipmaker TSMC is partnering with Ansys, Synopsys, and Cadence to develop its silicon photonics integration system capabilities.  Engineering firms, Ansys and TSMC are collaborating on the chipmaker’s Compact Universal Photonic Engine (COUPE) silicon photonics integration system while chip des...

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Read Microsoft plans Azure cloud region in Thailand
Microsoft plans Azure cloud region in Thailand
May 01, 2024

Microsoft plans Azure cloud region in Thailand

Microsoft Azure

Microsoft has revealed plans to build cloud and AI infrastructure in Thailand, including a data center region as part of its digital infrastructure commitment to expand the availability of the company's hyperscale cloud services.At the Microsoft Build AI Day in Bangkok, Microsoft CEO Satya Nad...

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Read BT Group powers up repurposed EV charger in UK
BT Group powers up repurposed EV charger in UK
May 01, 2024

BT Group powers up repurposed EV charger in UK

BT Global Services

UK telecoms firm BT  has installed its first electric vehicle (EV) charge point repurposed from one of its old street cabinets which was traditionally used to store broadband and phone cabling. This repurposed charger forms part of a nationwide pilot by the business’ start-up incubation hub, c...

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Read AWS to build new data centers at energy park in Ireland
AWS to build new data centers at energy park in Ireland
May 01, 2024

AWS to build new data centers at energy park in Ireland

Amazon AWS

Amazon has revealed plans to develop data centers at a renewable energy business park in County Offaly, Ireland.AWS will become the first business to develop at the Bord na Móna Eco Energy Park in County Offaly, where it will leverage the energy produced by Bord na Móna's renewable development...

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Read Riken to deploy IBM quantum computer
 Riken to deploy IBM quantum computer
May 01, 2024

Riken to deploy IBM quantum computer

Kyndryl

Japanese research institute Riken is set to deploy an IBM quantum computer at its facilities in Kobe. The quantum system – to be powered by a 133-qubit Heron processor – will be colocated and integrated with the organization’s existing Fugaku supercomputer. “Riken is committed to developing sy...

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Read US DISA unveils Five-year strategy
US DISA unveils Five-year strategy
May 01, 2024

US DISA unveils Five-year strategy

United States

The US Defense Information Systems Agency (DISA) has unveiled its updated strategy for the next five years which will align the IT service provider of the Department of Defense (DoD) with the 2022 National Defense Strategy.“As a combat support agency and the premier IT service provider for the...

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Read Microsoft signs renewable energy framework deal with Brookfield
Microsoft signs renewable energy framework deal with Brookfield
May 01, 2024

Microsoft signs renewable energy framework deal with Brookfield

Microsoft Azure

Microsoft has entered an agreement to invest an estimated $10 billion in renewable electricity projects to be developed by Brookfield Asset Management. The “global framework agreement” signed by the cloud company is a commitment to bring 10.5 gigawatts of generating capacity online.“Microsoft ...

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Read Eviden launches new server line
Eviden launches new server line
May 01, 2024

Eviden launches new server line

United States

Atos-owned Eviden has announced a new server line called BullSequana AI product line. This product line includes five AI server models that the company says have been optimized for AI workloads, all offering different levels of performance, scalability, and flexibility, depending on customers’...

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Read Orange and Huawei partner to unveil Cloud services in Egypt
Orange and Huawei partner to unveil Cloud services in Egypt
April 30, 2024

Orange and Huawei partner to unveil Cloud services in Egypt

Orange

Orange and Huawei have teamed up to launch Huawei Cloud services in Egypt. Both companies have previously teamed up to launch the Orange Business Cloud for business in Egypt. Following the latest agreement which is an extension of that launch, Huawei Cloud will roll out an array of its cloud c...

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Read Edinburgh University to use waste heat from data center to warm up buildings
Edinburgh University to use waste heat from data center to warm up buildings
April 30, 2024

Edinburgh University to use waste heat from data center to warm up buildings

Edinburgh

Edinburgh University has announced plans to use waste heat from its data center to warm up its buildings and has has received grant funding of just under £2.1 million ($2.62m) to support the energy-saving project at its Kings Buildings campus.The university will also invest £520,000 of its own...

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Read SES to acquire rival satellite operator Intelsat for $3.1 billion
SES to acquire rival satellite operator Intelsat for $3.1 billion
April 30, 2024

SES to acquire rival satellite operator Intelsat for $3.1 billion

United States

European satellite firm SES is set to acquire Virginia-based Intelsat via 100 percent of the equity of Intelsat Holdings S.a.r.l. for a cash consideration of €2.8 billion ($3.1 billion) and certain contingent value rights. The companies said the partnership will create a “stronger multi-orbit ...

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Read IBM signs agreement with Canadian government to strengthen the country’s semiconductor industry
IBM signs agreement with Canadian government to strengthen the country’s semiconductor industry
April 29, 2024

IBM signs agreement with Canadian government to strengthen the country’s semiconductor industry

Kyndryl

IBM has signed an agreement with both the Quebec government and the Canadian government to strengthen the country’s semiconductor industry. Following this agreement,  IBM and the two governments invest C$187 million (US$137m) in the company’s Bromont plant in Quebec to bolster the country’s as...

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Read AWS on track for annualized revenue run rate of $100 billion
AWS on track for annualized revenue run rate of $100 billion
April 29, 2024

AWS on track for annualized revenue run rate of $100 billion

Amazon AWS

Amazon Web Services (AWS) is set for an annualized revenue run rate of $100 billion as its first quarter has seen revenue of $25 billion, representing Year-on-Year (YoY) revenue growth of 17.2 percent, up from 13.2 percent in Q4 of 2023.CEO Andy Jassy told investors during the earnings call: "...

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Read Hydrogen demonstration facility launches in Austin, Texas
Hydrogen demonstration facility launches in Austin, Texas
April 29, 2024

Hydrogen demonstration facility launches in Austin, Texas

Austin

A hydrogen demonstration facility has launched in Austin, Texas and will help provide power to the Texas Advanced Computing Center (TACC) data center via a fuel cell. The project – located at the University of Texas (UT) J.J. Pickle Research Campus in Austin – is a collaboration between GTI En...

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Read Equinix signs new solar PPAs in Singapore
Equinix signs new solar PPAs in Singapore
April 29, 2024

Equinix signs new solar PPAs in Singapore

Equinix

Colocation firm Equinix has signed long-term Power Purchase Agreements (PPAs) to procure renewable energy in Singapore fromSembcorp Industries. Following the agreements, Sembcorp Power will supply a maximum capacity of 75MWp from its solar assets and 30MW from its gas-power generation portfoli...

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Read Conduent and Voya Financial adopt the Oracle Database@Azure
Conduent and Voya Financial adopt the Oracle Database@Azure
April 27, 2024

Conduent and Voya Financial adopt the Oracle Database@Azure

Oracle

Conduent and Voya Financial have joined the list of companies to adopt Oracle Database@Azure to aid their cloud migrations.Oracle Database@Azure is an agreement between Oracle and Microsoft to colocate its Exadata database-optimized servers and Real Application Clusters in Microsoft Azure data...

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Read Intel’s Foundry unit continues to experience operating loss
Intel’s Foundry unit continues to experience operating loss
April 27, 2024

Intel’s Foundry unit continues to experience operating loss

Intel

Intel has reported a net revenue loss of $400 million in the first quarter of 2024, with its Foundry business unit continuing to experience a significant downturn. CEO Pat Gelsinger said that the revenue decline for the Foundry unit was not unexpected and the company expected 2024 would see it...

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Read Schneider Electric partners with Terrestrial Energy for small reactors
Schneider Electric partners with Terrestrial Energy for small reactors
April 26, 2024

Schneider Electric partners with Terrestrial Energy for small reactors

Canada

Nuclear small modular reactor (SMR) company Terrestrial Energy has signed a Memorandum of Understanding with Schneider Electric to jointly develop commercial opportunities and advance the deployment of IMSR plants as the reactor company is currently developing a 190MWe Integral Molten Salt Rea...

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