Semiconductor designer AMD said on Tuesday it would buy Xilinx in a US$35-billion all-stock deal, intensifying its battle with Intel in the data centre chip market.
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SAP said on Monday it was going all in on its shift to cloud computing as it abandoned medium-term profitability targets and cautioned that its business would take longer than expected to recover from the coronavirus pandemic.
Huawei Technologies, already getting squeezed out of Europe’s vast market for the next generation of telecommunications equipment, is under siege in another fast-growing business: cloud computing.
AMD is in advanced discussions to buy Xilinx in a takeover that could be valued at US$30-billion, according to people familiar with the matter.
Nvidia on Monday laid out a multi-year plan to create a new kind of chip for data centres aimed at siphoning off more functions from its chief rival Intel.
Dimension Data and its parent, Japan’s NTT, on Monday announced plans to build new data centre facilities in Johannesburg offering 12MW of IT load.
Snowflake soared as much as 130% in its trading debut on Wednesday after raising $3.4-billion in an initial public offering, giving it a market value of more than $70-billion.
Deploying data centres under the sea is not only feasible, it is logistically, environmentally and economically practical. That’s the finding from Microsoft, whose Project Natick has been experimenting with the idea of subsea data centres for several years.
Promoted | The long-awaited digital revolution has gained a major boost through the Covid-19 lockdown, speeding up the adoption of cloud services as companies turn their businesses virtual.
The coronavirus pandemic, for all its human and economic tragedy, has spurred a once-in-a-generation opportunity for the technology industry. One lesser-known beneficiary is cloud computing company Okta.