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Tag: IBM

  • US NSF signs $50 mn pact with Ericsson, IBM, Intel, Samsung for chip design

    US NSF signs $50 mn pact with Ericsson, IBM, Intel, Samsung for chip design

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    San Francisco: The US National Science Foundation (NSF) has announced that it has signed a $50 million pact with Ericsson, IBM, Intel and Samsung to support the design of the next-generation semiconductors.

    This partnership is a part of NSF’s ‘Future of Semiconductors’ (FuSe) initiative, NSF said in a blogpost.

    Through this partnership activity, NSF will collaborate with Ericsson, IBM, Intel and Samsung to fund projects that “cultivate a broad coalition of science and engineering researchers to pursue holistic, co-design approaches.”

    “Future semiconductors and microelectronics will require transdisciplinary research spanning materials, devices, and systems, as well as the engagement of the full spectrum of talent in the academic and industrial sectors,” said Sethuraman Panchanathan, NSF director.

    “Partnerships such as this are essential to inform research needs, spur innovation, accelerate the translation of results to the market, and prepare the future workforce,” Panchanathan added.

    By supporting researchers who are integrating materials, devices, architectures, systems, and applications, the new technology is designed and developed in an integrated way.

    “Co-design approaches simultaneously consider the device/system performance, manufacturability, recyclability and impact on the environment,” NSF mentioned.

    A nationwide shortage in semiconductors, complicated by the global pandemic, has made it challenging for the chip industry to meet the rising demand for chip-based products.

    While that demand is high in the US, only around 10 per cent of the global supply of chips is produced nationally.

    “Investments through this public-private partnership will help address this problem by spurring research and innovation leading to breakthroughs in semiconductor and microelectronics technologies, aiding the myriad applications that rely upon these devices,” NSF said.

    “This partnership expands upon recent NSF investments to train and build a diverse semiconductor manufacturing workforce in the US,” it added.

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    ( With inputs from www.siasat.com )

  • IBM lays off 3,900 employees, bets big on hybrid cloud, AI

    IBM lays off 3,900 employees, bets big on hybrid cloud, AI

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    New Delhi: Tech giant IBM is laying off 3,900 employees, which is a result of the spinoff of IT infrastructure services provider Kyndryl business and part of the AI unit called ‘Watson Health’.

    The layoffs will cause a charge of $300 million in the January-March period to the company, according to IBM Chief Financial Officer James Kavanaugh.

    “We have taken a number of significant portfolio actions over the last couple of years, which has resulted in some stranded costs in our business,” he said during the company’s earnings call late on Wednesday.

    “We expect to address these remaining stranded costs early in the year and anticipate a charge of about $300 million in the first quarter,” Kavanaugh added.

    IBM joins a slew of tech companies such as Meta, Alphabet, Microsoft and others in laying off thousands of employees amid the global economic headwinds.

    In its quarter ending December 31, 2022, the company delivered $16.7 billion in revenue, $3.8 billion of operating pre-tax income, and operating earnings per share of $3.60.

    “In our seasonally strongest quarter, we generated $5.2 billion of free cash flow,” said the company.

    The revenue for the quarter was up over 6 per cent at constant currency.

    Arvind Krishna, Chairman and Chief Executive Officer of IBM, said that to bolster the software portfolio, “we invested in hybrid cloud and AI capabilities”.

    “This year, we’ll unlock more productivity, expand our strategic partnerships, and put more investment in specific growth markets. For 2023, we see revenue growth in line with our mid-single-digit model range and about $10.5 billion of free cash flow,” said Krishna.

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    #IBM #lays #employees #bets #big #hybrid #cloud

    ( With inputs from www.siasat.com )