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.
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.
TIM, Italy’s primary telecommunications provider, has confirmed the completion date for the sale of its networks business. In a recent stock market filing, TIM announced that the deal with private equity firm KKR will close on July 1, as planned.
The anticipated turnaround in the augmented and virtual reality (AR/VR) market remains elusive, as first-quarter shipments have once again plummeted. According to recent data from IDC, the volume of AR/VR shipments dropped by a staggering 67.4% compared to the same period last year. This decline follows a 54.4% drop in the first quarter of 2023 from the previous year.
Cloud networking specialist Mavenir, in collaboration with Nvidia and Amazon Web Services (AWS), has unveiled a pioneering suite of generative AI (GenAI) solutions aimed at enhancing intelligent Radio Access Network (RAN) operations. Dubbed Operations Co-Pilot for RAN Service Assurance, this innovative platform promises to revolutionize network troubleshooting by automating fault prediction and root cause analysis.
In a strategic move aimed at enhancing network capabilities, Telstra, the Australian telecom giant, has inked a Memorandum of Understanding (MoU) with Vonage, a unit of Ericsson. This partnership signifies Telstra’s intent to integrate its network APIs into Vonage’s platform, offering enterprises and developers access to advanced network features.
Swisscom has revealed that its Italian subsidiary, FastWeb, has sold its 4.5% stake in FiberCop to Optics BidCo, a subsidiary of KKR, for €439 million. FiberCop, formed in 2021 by Telecom Italia (TIM), KKR, and FastWeb, manages the ‘last mile’ fibre network, connecting homes to street cabinets.
