Coverage archive

August 2022

Browse Converge Digest reporting from this month.

Reporting

Stories from the archive

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VMware observes a big uptake in cyberattacks

 In the past few months, there has been a significant uptick in cyberattacks, such as deepfakes, attacks on APIs, and cybercriminals targeting incident responders, according to VMware’s newly released its eighth annual Global Incident Response Threat Report “Cybercriminals are now incorporating deepfakes into their attack methods to evade security controls,” said Rick McElroy, principal cybersecurity […]

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NVIDIA trims outlook on lower gaming sales and supply disruptions

Citing macroeconomic headwins and lower gaming sales, NVIDIA trimmed its financial outlook for the second quarter ended July 31, 2022. Second quarter revenue is expected to be approximately $6.70 billion, down 19% sequentially and up 3% from the prior year, primarily reflecting weaker than forecasted Gaming revenue. Gaming revenue was $2.04 billion, down 44% sequentially […]

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Nokia supplies private wireless and IP/MPLS to Western Australia

 The Public Transport Authority of Western Australia (PTA) selected Nokia to design, build and maintain a next generation railway communications system over the next decade in Perth. METRONET infrastructure and public transport program is the long-term blueprint for Perth’s future. As a critical element of the METRONET program and as part of the agreement, more […]

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Data Centers

Pakistan’s Jazz picks Juniper for data center

Jazz, Pakistan’s number one 4G operator and the largest internet and leading digital service provider, has selected Juniper Networks to create a transformative, expanded and upgraded data center network to underpin Jazz’s services delivery platform for its 74.9 million subscribers. The new network will support a wide range of customer-facing service, including cloud-based enterprise data […]

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Semiconductors

Arm partners shipped 7.4 billion chips in latest quarter, up 7% yoy

Arm reported record revenue of $719 million for the first quarter of its fiscal 2022, up 6% year-over-year. Adjusted EBITDA was $414 million, up 31% year-over-year and with a 58% margin. “Arm continues to enable our ecosystem with compute performance and efficiency leadership through a transformed strategy. Together, we are meeting the insatiable demand for […]

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Dell’Oro: Data center physical infrastructure market on 8% CAGR

Data center physical infrastructure (DCPI) revenues are forecast to grow at an 8 percent compound annual growth rate (CAGR) from 2021 to 2026 to above $31 billion, according to a new study from Dell’Oro Group. Growth is forecast to remain resilient, driven by sustainability-minded data center expansion from cloud and colocation service providers, despite near-term […]

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D-Wave completes SPAC IPO

D-Wave, which offers quantum computing systems, software and services, was acquired by DPCM Capital, Inc., a special purpupose acquisition company.  Pursuant to the deal, D-Wave Quantum Inc. became the parent company of DPCM Capital and D-Wave, and its shares of common stock and warrants are expected to commence trading, on Monday, August 8, 2022 on […]

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Singtel plows additional US$100 million into its venture arm

Singtel is to invest a further US$100 million into Singtel Innov8, its corporate venture arm, raising its total capital commitment to US$350 million.  Innov8 invests in start-ups that align with Singtel Group businesses in the areas of 5G, Artificial Intelligence, the digital economy, sustainability, cyber security and emerging technologies. It operates on an evergreen fund […]

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Lumentum completes acquisition of NeoPhotonics

 Lumentum completed its previously announced acquisition of NeoPhotonics. “I am excited to unite NeoPhotonics’ differentiated products and technology and talented team with those of Lumentum,” said Alan Lowe, Lumentum President and CEO. “This acquisition better positions us for attractive growth opportunities created by the digital transformation of work and life, which is driving relentless growth in […]

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