THE HOME OF THE GLOBAL SOURCING STANDARD

  • 12 Oct 2020 1:11 PM | Mia Devonshire (Administrator)

    Huawei is experiencing a tough period with the US sanctions, however, business is continuing with European 5G network clients. 

    They are still searching for a solution to aid millions of Huwaei phone users after Google was banned from issuing technical support for the new Huawei phone model using Android operating systems.

    Read the full article here

  • 12 Oct 2020 11:39 AM | Mia Devonshire (Administrator)

    IBM has announced plans to “spin out” its managed infrastructure service unit which accounts for a quarter of its revenue. 

    Big Blue’s share price increased by 8% as the investors welcomed the plan as the managed service unit has become a drag on IBMs growth. 

    The rise of the cloud computing industry has seen customers reduce their spending on in-house technology and shifting it to cloud companies like Amazon and Microsoft. 

    The spin out would allow IBM to invest in cloud and AI businesses as they return to more sustainable growth.

    To read the full article you will need to be subscribed to the Financial Times

  • 12 Oct 2020 11:33 AM | Mia Devonshire (Administrator)

    As technology emerges with the innovation of 5G, AI and IoT, Nvidia sees the acquisition of Arm as a vital step in creating a name for themselves. Arm s a hardware platform which  Nvidia intends to acquire for £31bn. 

    In their recent virtual Summit event they announced the sale to Nvidia in order to provide growth opportunity for the hardware and software developers that rely on its technology.

    Read the full article here

  • 12 Oct 2020 10:26 AM | Mia Devonshire (Administrator)

    After a decade long conflict between tech firms Google and Oracle it has reached the Supreme Court this week.

    Oracle is claiming $9bn in damages from illegal use of its software. When Google released their Android mobile operating system, they copied APIs from Java, software developed by Sun Microsystems. APIs allow access to specific functions within a programme. In 2009 when Oracle bought the Sun, they sued Google as they believed that its APIs should have copyright protection.

    Many have concerns that if Google loses this case then the other dominant firms in the industry will have more power.

    To read the full article you will need to be a subscriber to the Financial Time

  • 12 Oct 2020 10:05 AM | Mia Devonshire (Administrator)

    US chip manufacturer Nvidia is building the UKs most powerful supercomputer. It will use AI to help to solve medical issues such as health problems related to COVID-19.

    As the search for a vaccine for COVID-19 evolves both GSK and AstraZeneca will be the first two pharmaceutical companies to use the computer.

    The supercomputer is expected to be ready by the end of the year.

    Read the full article here

  • 5 Oct 2020 9:55 AM | Mia Devonshire (Administrator)

    To break up social media giants Instagram and WhatsApp from Facebook Inc would cost billions, harm consumers and disregard laws. 

    A document investigating Facebook and other companies such as Google and Amazon for antitrust violations is expected to be released by the House Antitrust Subcommittee later this month. This report could include a plan to separate the platforms and to enforce a series of policies.

    Facebooks acquisition of Instagram in 2012 and WhatsApp in 2014 were investigated by the Federal Trade Commission. This investigation was closed with no objections.

    Many critics argue that the acquisition of Instagram and WhatsApp has illegally reduced competition in the social media industry.

    To read the full article you will need to be a subscriber of the Wall Street Journal.

  • 5 Oct 2020 9:42 AM | Mia Devonshire (Administrator)

    Benelux Port in Rotterdam is testing out a blockchain-based application for processing containers.

    This follows the movement created by Antwerp Port in Belgium where the Secure Container Release Application has replaced the current method of using PIN codes. 

    Blockchain uses a digital token instead of a PIN which will reduce fraud and all associated risk as the tokens cannot be copied or stolen. This will make the port more efficient and safer.

    Read the full article here

  • 5 Oct 2020 9:31 AM | Mia Devonshire (Administrator)

    Sony and Kioxia have requested US approval to supply Huawei Technology. This follows as other technology companies such as Intel Corp have recently received licenses from the US.

    Sony is one of Huawei’s top customers for their image sensor mobiles. Kioxia is the world's second largest marker of flash memory chips and supplies Huawei.

    Without licenses from the US both companies will face risk to their earnings.

    Read the full article here

  • 1 Oct 2020 12:45 PM | Mia Devonshire (Administrator)

    UK tax collector wants to reset its supply chain by allocating its entire £900m annual IT budget to the wider supplier landscapes in order to create a new Technology Sourcing Programme.

    This programme is aimed to "deliver a step change in how HMRC delivers IT, works with IT suppliers to procure and utilise technology and how we work more broadly as an organisation.”

    Read the full article here

  • 1 Oct 2020 12:33 PM | Mia Devonshire (Administrator)

    GardaWorld bids £3bn to takeover their rival firm G4S as they believe that the company requires new management.

    This news caused G4S shares to jump by 4%. However, the G4S board unanimously rejected the offer as they believe it undervalues the firm. 

    The G4S has been looking to revamp their business after a series of issues starting back in 2012 with the London Olympic Games. 

    The Canadian firm GardaWorld outlined plans that if they were to takeover the UK security company G4S then they would uphold their headquarters in London and honour all of their UK government contracts.

    To read the full article you will need to be subscribed to the Financial Times 

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