IDC predicts a promising future for the semiconductor industry, driven by AI advancements and a stock level recovery. With a refreshed outlook signaling sustainable growth, the firm anticipates global chip revenue of $526.5 billion in 2023. Progress can be seen in the revised revenue forecast for 2024, hinting at a 20.2% year-on-year growth to $633 billion.
Infobip secures leadership position in the CPaaS market for the second year, showcasing commitment to omnichannel communications. Outperforming competitors, IDC lauds Infobip for customer service, functionality, and more. Exciting times ahead with CPaaS X solution launch in May 2023.
Dell Technologies has significantly expanded its AI offerings with new PowerEdge servers powered by AMD’s 5th Generation EPYC processors. These servers are engineered for high-performance AI, offering substantial improvements in efficiency and scalability.
Oracle is investing $6.5 billion in AI and cloud services in Malaysia, marking the launch of a new Oracle public cloud region. This addition enhances Oracle Cloud Infrastructure’s reach across Asia Pacific, offering Malaysian businesses advanced AI infrastructure, data analytics tools, and comprehensive VOIP solutions.
Huawei is revolutionizing the wrist-worn device market, especially in China, by bucking global trends and achieving significant growth. With a 42% year-on-year increase in shipments, Huawei leads thanks to strategic market expansion and robust domestic performance.
The Swansea Bay City Deal awarded VMO2 a contract to upgrade fibre infrastructure. The global smartphone market is expected to grow, driven by Android sales in China and emerging markets. Patton acquired Raymar Information Technology to continue supporting crucial legacy industrial technologies. EE has released age-specific smartphone usage guidelines.
Verizon Business 2024 Mobile Security Index unveils rising cybersecurity threats from mobile and IoT devices. With 95% of businesses actively using IoT, security concerns have intensified. The report emphasizes the need for enhanced mobile security, especially in critical sectors. Investing in advanced cybersecurity solutions is crucial as IoT becomes more integral to business operations.
Telecom Italia (TIM) celebrates the successful sale of its fixed-line grid to the Optics BidCo consortium, led by investment firm KKR. This strategic move aims to reduce TIM’s significant net financial debt and marks a first in major European telecom history.
IBM has completed its acquisition of StreamSets and webMethods from Software AG for €2.13 billion. This acquisition significantly boosts IBM’s WatsonX AI and data platform by adding robust data ingestion and integration platform-as-a-service (iPaaS) functionalities. The move sets IBM to offer a cutting-edge application and data integration platform, focusing on hybrid cloud environments.
Verizon has introduced a new prototype, the “network in a box” (NIB), aiming to bridge the gap between public and private network deployments. This innovative solution targets customers who desire the advantages of a private mobile network—such as enhanced performance, reliability, privacy, and security—without the need for a permanent setup due to financial or practical constraints.
