Application Infrastructure

Huawei to reportedly sell its Honor sub-brand for $15 billion

mobigyaan | November 10, 2020

Huawei, the Chinese giant which is facing several difficulties after several restrictions imposed by the United States, is reportedly planning to sell its Honor sub-brand. It is said that Huawei could sell its Honor arm for about 100 billion yuan, which is approximately $15.2 billion. As per the report, Honor brand will be sold to Digital China Group and the Government of Shenzhen. It further adds that the deal will be an all-cash transaction which will include almost every asset, including branding, research and development capabilities, and even supply chain management. The deal has not been officially announced by the company but it is reported that the company to make this public by the end of this week. There won’t be much impact for the employees as Honor plans on retaining its management and more than 7,000 employees after the deal goes through.

Spotlight

The winds are strong and they're blowing towards a digital tomorrow. As a natural evolution towards progress, Siemens AG's Wind Power and Gamesa merged in 2017 to create Siemens Gamesa. Their goal was to generate affordable, reliable, and sustainable energy. Their vastly different IT landscapes challenged Siemens Gamesa to reima

Spotlight

The winds are strong and they're blowing towards a digital tomorrow. As a natural evolution towards progress, Siemens AG's Wind Power and Gamesa merged in 2017 to create Siemens Gamesa. Their goal was to generate affordable, reliable, and sustainable energy. Their vastly different IT landscapes challenged Siemens Gamesa to reima

Related News

Hyper-Converged Infrastructure, Windows Systems and Network

CoreWeave Opens New Texas Data Center to Expand Access to High-Performance GPUs

prnewswire | July 26, 2023

CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, today announced a new data center facility in Plano, Texas, to be fully operational by December 31, 2023. The $1.6 billion data center is CoreWeave's first facility in Texas and will support economic activity and job growth in the area. "We are pleased to partner with Plano and the local community to open this cutting-edge data center and create new jobs," said CoreWeave CEO and Co-founder Michael Intrator. "The 450,000 square foot facility will help meet the unprecedented demand for high-performance cloud solutions for artificial intelligence, machine learning, pixel streaming and other emerging technologies that CoreWeave is uniquely positioned to deliver," said Intrator. This news comes on the heels of continued growth for the company. Recently, CoreWeave announced the opening of a modern data center in New York City that provides ultra-low latency to over 20 million inhabitants across the metropolitan area. In April, CoreWeave announced a $221 million Series B round, followed by $200 million in Series B extension funding for a total of $421 million in capital raised for the round. "With the demand for machine learning, AI and visual effects/rendering sharply rising, we are thrilled to partner with CoreWeave as the company invests in its first data center in Texas, capable of high-computing solutions for such specialized needs," said Mayor of Plano, John B. Muns. About CoreWeave Founded in 2017, CoreWeave is a specialized cloud provider, delivering a massive scale of GPU compute resources on top of the industry's fastest and most flexible infrastructure. CoreWeave builds cloud solutions for compute-intensive use cases — machine learning and AI, VFX and rendering, batch processing and pixel streaming — that are up to 35 times faster and 80% less expensive than the large, generalized public clouds.

Read More

Application Infrastructure, Data Storage

Aryaka Hits the Road to Celebrate New PoP Launches in the USA and Europe

prnewswire | August 29, 2023

Aryaka®, the leader in Unified SASE solutions, today announced that it is organizing a global roadshow to coincide with the launches of its newest hyperscale Points-of-Presence (PoP) locations across the United States and Europe. The roadshow events are designed to educate CIOs, CISOs, IT professionals, and others who can benefit from Aryaka's services, giving them an opportunity to engage with Aryaka's leadership, explore its network expansion plan, and network with like-minded professionals. It is also a chance for Aryaka to connect with industry professionals on a hyperlocal level to gain a deeper understanding of the pain points they are facing and ways Aryaka can continue enhancing its offerings. Aryaka's roadshow will begin in Denver, Colorado on Wednesday, August 23 at Happy Camper from 3-5pm. Aryaka will also be hosting an event in Atlanta, Georgia on Thursday, August 24 at the Mill Kitchen and Bar from 5-7pm. Additionally, there are events planned at the U.S. Embassy sites in Madrid and Lisbon in October, with events at other locations to be announced later. "Our continued investment in our global PoPs help us deliver the essential foundation that our customers depend on to thrive in this accelerating era of distributed workforces," said Renuka Nadkarni, Chief Product Officer at Aryaka. "As a customer-first organization, Aryaka is constantly looking for new ways to connect with IT professionals to better understand where their biggest challenges are, as well as what's working best for them. Our global roadshow gives us an opportunity to connect with customers and prospects on a local level, so we can ensure we're serving everybody – from big corporations to SMEs – with customized SD-WAN and SASE offerings that are right for their businesses." Aryaka's PoPs are strategically located to provide customers with fast, reliable connections, and deliver cloud-based network, security, and observability services. As part of Aryaka's larger mission to redefine the future of connectivity and security, these new PoPs will help accelerate users' network and security services deployments and ensure seamless operations for enterprise and SME customers. About Aryaka Aryaka is the leader in fully managed SD-WAN and Unified SASE solutions. Aryaka meets customers where they are to help them overcome their network and security challenges with an absurdly great customer experience. Aryaka's flexible architecture and all-in-one service are designed to modernize enterprises of any size, enabling them to defy convention and future-proof their businesses. The company's customer base is comprised of hundreds of global enterprises, including several in the Fortune 100.

Read More

Hyper-Converged Infrastructure, Windows Systems and Network

Midas Immersion Cooling to Supply 200 MW of Leading-Edge Immersion Cooling Equipment Solutions to Riot Platforms, Inc.

prnewswire | July 20, 2023

Midas Immersion Cooling, LLC ("Midas Immersion" or "Midas"), an industry leader in immersion cooling technology solutions for Bitcoin ("BTC") miners and Data Centers, with the largest deployed single-phase immersion cooling capacity of any manufacturer, announced today that it has entered into a long-term supply agreement (the "Agreement") with Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot"), an industry leader in BTC mining and Data Center hosting. Under the Agreement, Midas has secured an initial order of 200 megawatts (MW) of its latest generation of immersion cooling systems, as well as associated equipment and adiabatic coolers for Riot's Corsicana, Texas, operations. Midas designed the ASICE 2.0 immersion cooling systems in Texas, for manufacture in North America. The Agreement provides delivery of the new immersion cooling systems by the end of 2023. Upon commissioning, the initial 200 MW of immersion cooling systems will bring the total deployed capacity of Midas immersion cooling systems to over 500 MW (0.5 GW). Under the Agreement, Midas has also granted Riot the option to purchase up to 400 MW of additional ASICE 2.0 immersion cooling systems and ancillary equipment from Midas, on the same terms as the initial order. Assuming full exercise of Riot's option, the total worldwide deployed capacity of Midas immersion cooling systems would be in excess of 900 MW, upon commissioning. Riot may exercise the option, in whole or in part, through December 31, 2024. "Midas is pleased to announce this landmark deal to continue as a trusted supplier to Riot," said Scott Sickmiller, CEO of Midas. "We remain committed to offering the best engineering, equipment performance, and customer support among immersion cooling providers." "Riot is pleased to partner with Midas Immersion for our Corsicana Facility," said Jason Les, CEO of Riot. "Partnering with Midas will enhance Riot's approach in diversifying our immersion capabilities to ensure efficiency across our mining infrastructure, prolonging the life of our miners, while also increasing our ability to maintain low cost of power by eliminating the need for costly forced-air cooling." About Midas Immersion Cooling Midas Immersion Cooling is a leader in engineering design and integration of single-phase immersion cooling equipment solutions for ASIC miners and data servers. Midas Immersion's patented cooling tanks increase miner and server density, decrease power consumption, and significantly reduce cooling and infrastructure costs compared to traditional air-cooled environments. About Riot Platforms, Inc. Riot's vision is to be the world's leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes. Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has data center hosting operations in central Texas, Bitcoin mining operations in central Texas, and electrical switchgear engineering and fabrication operations in Denver, Colorado.

Read More