After years of trying to catch up with competitors, Intel’s new Chief Executive Pat Gelsinger revealed Tuesday that the company’s main strategy would be to produce chips for other companies.
Intel has traditionally concentrated on producing its own chips, but that will change with the establishment of the new and independent Intel Foundry Services business unit.
If the change is successful, it will represent a significant turnaround for a decades-old Silicon Valley powerhouse. For years, the chipmaker’s technological leadership and the “Intel Inside” marketing strategy held it at the forefront of personal technology.
However, in recent years, Intel has struggled to enter the smartphone market and has experienced many delays in PC processor development.
Intel’s move could also help to anchor technology supply chains in the United States, which is advantageous at a time when policymakers are worried about dependence on Asian manufacturers.
Intel welcomes political efforts to improve the US processor market, but the foundry change is unrelated to those efforts, according to Gelsinger.
The strategy comes at a time when there is a severe chip shortage, which is delaying car production and causing other issues.
Taiwan Semiconductor Manufacturing Co., the world’s largest foundry, expects to invest $28 billion in new chip making capacity this year to meet demand.
That provides an appropriate backdrop for Intel’s foundry news. But don’t hold your breath waiting for it to work. It takes years to get new fab products to market capacity online
As Intel’s chip making dominance waned, companies such as Apple, Nvidia, Qualcomm, and AMD turned to chip foundries such as TSMC, Samsung, and UMC. Apple’s M1 processor, manufactured by TSMC and used in many new Macs, is representative of the move.
On several measurements, it outperforms rival Intel chips in terms of speed and battery power consumption.
According to Gelsinger, Intel is making strides toward a newer manufacturing process that uses electronic components measuring 10 nanometers, or billionths of a meter.
He also expressed trust in the company’s 2023 transition to its 7nm process, which doubles the amount of circuitry elements that can fit into a given area compared to today’s 10nm process and quadruples it compared to today’s 20nm process.
“Intel has returned. As we look to the future, the old Intel has given way to the new Intel “Gelsinger explained. “Our belief in 7nm’s health and competitiveness is growing.”
Wall Street remained skeptical. Following an initial surge, Intel’s stock price levelled off Wednesday at around $63 a share, where it had closed on Tuesday prior to Intel’s announcements.
Intel Foundry Issues
Not everybody shares Gelsinger’s optimism. “The foundry project seems unlikely to be any more competitive than Intel’s previous foundry efforts,” Linley Gwennap, an analyst at the Linley Group, said.
“Intel has always struggled at foundry because it does not have standard tools and libraries that TSMC and Samsung support, and external customers recognize that they will always be the lowest priority in Intel’s fabs.”
Intel’s previous foundry efforts were “bad,” according to Gelsinger, but this time will be different. For example, this time around, the foundry initiative will be a separate business entity with its own benefit obligations and dedicated capacity for custodial services.
Intel’s efforts to bring 7nm chip development to scale, accelerate the next transition to 5nm, and embrace emerging technologies to combine smaller “chiplets” into a single more efficient chip package are also daunting, according to Gwennap.
“If someone can pull it off, Pat is the one,” Gwennap said of Gelsinger. Gelsinger worked at Intel for 30 years, rising to the position of chief technical officer before departing for a lengthy stint at software maker VMware.
Intel also stated that it would beat previous revenue and profit expectations for the first quarter, owing to strong sales of laptop chips. Remote schooling and work during the pandemic has resulted in an increase in PC spending.
New ventures, new plants, and new customers
Intel hopes that the newly revealed plan would result in new business from foundry services. It will not only design its own processors, such as the Core and Xeon, but it will also design chips for other technology companies.
Intel is investing a massive $20 billion in two new Arizona chip factories, known as fabs, that will have dedicated foundry power, giving customers confidence that Intel will manufacture their chips.
Microsoft, Google, Amazon, Qualcomm, Ericsson, and Cisco all supported Intel’s shift, but Intel did not provide information.
It also announced a collaboration with IBM on chip technology and packaging. IBM CEO Arvind Krishna said in a statement that Intel Foundry Services “would bolster US competitiveness.”
Microsoft CEO Satya Nadella expressed his support for Intel’s manufacturing reforms, a clear vote of confidence considering the company’s position in the PC industry, and Gelsinger thanked him on Twitter.
The exchange was noteworthy since Gelsinger is following in Nadella’s footsteps in several respects.
Under Nadella’s leadership, Microsoft has welcomed strong competitors such as the Linux operating system and smartphones powered by Google and Apple applications.
Today, Gelsinger is lending its manufacturing clout – although somewhat tarnished at the moment – to its main competitors. The “you’re with us or you’re against us” mentality has vanished.
Customers will be able to design chips using Intel’s own x86 processor cores as well as the Arm designs that dominate the smartphone market. Customers of Intel will also be able to design chips using RISC-V, a newer competitor to Arm designs.
Even as it plans to build chips for others, Intel will increase its reliance on other foundries such as TSMC, Samsung in Korea, and UMC in Taiwan in the near term.
According to Creative Strategies analyst Ben Bajarin in a research note issued on Wednesday, Intel’s moves have a major impact on the industry’s competitive dynamics.
Intel’s ability to develop its chips on TSMC’s leading manufacturing brings fresh pressure on Intel’s own manufacturing to change, while also allowing Intel to demonstrate how well its processors perform when not hampered by Intel’s manufacturing issues.
It’s unclear how well Intel can carry out its plans, but Bajarin is more confident in Intel’s capabilities now than he has been in the last decade. “These announcements are a significant move forward.”
The assessment that a main cyber attack poses is a risk to monetary stability is axiomatic. The arena’s governments and agencies maintain to conflict to contain the danger because it stays uncertain who is in authority for defensive the system.
Progressively concerned, key voices are sounding the alert. In February 2020, Christine Lagarde, president of the European Central Bank and former head of the International Monetary Fund, alerted that a cyber assault seem trigger a genuine monetary emergency.
In April 2020, the Financial Stability Board (FSB) cautioned that “a major cyber occurrence, in case not legitimately contained, might truly disturb budgetary frameworks, counting basic budgetary framework, driving to broader budgetary steadiness suggestions.”
The potential financial costs of such occasions can be colossal and the harm to open believe and certainty critical.
Global financial system:
This risk is amplified by two current developments. First, the global financial system is undergoing a digital revolution unknown in history, and is being intensified by the Covid-19 pandemic. Banks compete with technology firms, and technology firms clash with banks.
Meanwhile, the pandemic has increased demand for online financial services and made working from home the new trend.
Central banks all over the world are considering promoting digital currencies and modernizing payment systems.
Second, malicious actors are using this digital revolution to pose an increasing threat to the global financial infrastructure, financial stability, and confidence in the system’s credibility.
The pandemic has also provided new opportunities for hackers. According to the Bank for International Settlements, the finance industry is facing the second-highest share of Covid-19-related cyber threats, behind only the health sector.
Suspect for risk?
Malicious players behind these attacks involve not only highly brazen perpetrators, such as the Carbanak squad, who stole more than $1 billion from financial institutions between 2013 and 2018, but also governments and state-sponsored attackers.
This is a global problem. Although high-income countries receive more coverage for cyber threats, the growing amount of attacks on softer targets in low- and lower-middle-income countries receives less attention.
However, it is in these countries where the drive for greater financial inclusion has been most intense, prompting many to migrate to digital financial services such as mobile payment systems.
The Carnegie Endowment for International Peace published a paper titled “International Strategy to Better Defend the Global Financial System from Cyber Threats” in November 2020 to ensure more effective defense of the global financial system from cyber threats.
The study, created in partnership with the World Economic Forum, proposes concrete steps to minimize polarization by encouraging further collaboration, both globally and among government institutions, financial firms, and technology companies. The plan is based on 4 guiding principles:
More clarification on duties and obligations is needed. A few countries have effectively established domestic partnerships with their financial institutions, law enforcement, diplomats, other related government actors, and industry.
Present fragmentation stifles international collaboration and threatens the international system’s mutual resilience, rehabilitation, and reaction capabilities.
International cooperation is both necessary and urgent. Individual states, financial institutions, and technology businesses cannot adequately guard against cyber attacks if they act alone, given the size of the challenge and the system’s global interdependence.
Limiting fragmentation would expand capacity to resolve the problem. Many measures are in the works to help secure financial institutions, but they are also divided.
Any of these efforts overlap, increasing processing costs. Several of these projects have evolved to the point that they can be communicated, more organized, and internationalized.
Defending the international financial system will serve as a blueprint for other industries. Even when global pressures are high, the financial system is one of the few places where countries have a strong mutual interest in cooperating. Focusing on the financial sector is a good place to start, and it will pave the way for better security in other industries in the future.
Governments and business should improve protection by exchanging vulnerability information and establishing financial computer emergency response teams (CERTs) modelled after Israel’s FinCERT.
They can priorities growing the financial sector’s resilience to data and algorithm-based assaults. This can provide free, secured data vaulting, which enables participants to back up customer account data safely overnight. Daily models of cyber threats can be used to find flaws and build action plans.
The study suggests that policymakers explain how they can adapt international law to cyberspace and enhance norms to protect the credibility of the financial system in order to reinforce international norms. Sanctions, prosecutions, and asset seizures are also possible responses.
Governments can help these efforts by creating agencies to help with threat assessment and response coordination. Threats to the financial sector should be a priority of information collection, and policymakers should exchange that intelligence with partners and like-minded countries.
The holistic strategy outlined in the Carnegie report is dependent on developing the cybersecurity workforce, expanding the financial sector’s cybersecurity capability, and protecting financial inclusion gains made as a result of the digital transformation.
The pandemic’s increased unemployment offers a vital incentive for training and recruiting skilled people to improve the cybersecurity workforce. Firms in the financial services industry should invest in initiatives to develop the talent pool, such as high school, apprenticeship, and university programmer.
Creating cybersecurity capability entails concentrating on giving support where it is required. The IMF and other foreign organisations have received several requests from member countries for cybersecurity assistance.
G20 governments and central banks could establish an international framework to strengthen financial sector cybersecurity capability in collaboration with an international agency such as IMF.
The Organization for Economic Cooperation and Development and international financial institutions should include cybersecurity capacity-building in development assistance packages and substantially increase assistance to needy countries.
Finally, sustaining progress in financial inclusion necessitates increased cybersecurity. This is especially important in Africa, where many countries are undergoing major financial sector transformations as they broaden financial inclusion and shift to digital financial services.
A network of experts based specifically on cybersecurity in Africa should be created. The time has come for the international community — including governments, central banks, regulators, industry, and other related stakeholders — to join together to address this critical and urgent problem.
A well-thought-out plan, like the one being outlined above, serves as a road map for putting words into motion.
Google has a long history of providing poor developer support, particularly to smaller, independent studios and teams. However, the company’s overall customer service is lacking, and today’s horror story is the kind that will possibly prompt a Google Takeout backup, just in case. One customer’s Google account was fully disabled at midnight last night.
They say that the contents of their Google account — email, images, Google Pay balance, and even the ability to pay their internet bill via Google Fiber and cellphone bill via Google Fi — were snatched away without notice or explanation.
What Exactly Happened?
An email was sent to a Google customer named Chris last night, informing him that his Google account had been disabled because “it appears that it was used in a way that severely violated Google’s policies.” The email arrived while they were sleeping, and there was no further detail on why the account had been suspended.
Chris filed an appeal, thinking it must have occurred by accident, but it was rejected, leaving him with no apparent choice and no access to his ten-year-old Google account.
For some of us, this might be a minor annoyance, but Google’s services are numerous and widespread. You could lose access to your emails if you’re locked out of your Google account and the only company service you use is Gmail.
Chris, on the other hand, was even more invested, using Google Fi for phone service, Google Fiber for internet connectivity, Google Pay for debt repayment, Google Drive for school and work, and Google Photos for photo backups.
Furthermore, email is often used for two-factor authentication in a variety of industries, including financial services and healthcare. This lack of email account access can also impact third-party providers external to Google, and Chris may lose access to both his doctor and his bank as a result of Google’s actions.
Decade Old Google Account Being Disabled! A Big Issue or Not?
If we aren’t smart enough to make frequent backups, one-sided action by Google can be massively detrimental to our lives, equating to terms-of-service-sanctioned loss of all our digital property. Regrettably, it’s also becoming the standard.
At times, suspension of Google Account remains a mystery, same happened with Chris. In some cases, Google suspends an account to assist the account holder — for example, if the account has been compromised, this will protect the account holder’s data. But the only reason Chris has is a late-night backup set up via Google’s Backup and Sync programme, which made a record of video editing ventures, possibly containing copyrighted music, and which was set for that time of day to save bandwidth, although they are unshared.
Chris will have to wait to see if he hears anything more on the matter. He believes that he has been unable to contact a “single human” to clarify what happened, and that all customer service representatives he has spoken with have only directed them to Google’s support site.
While Google may approach their specific case with greater clarity, not everyone is so fortunate. Meanwhile, I’m sure I’ll be backing up my Google account data tonight, and I strongly advise you to do the same.
Having said above, our IT Consultantsstrongly believe in providing customer support to our clients. As we are official Microsoft Partner, we tend to fulfill our objectives and try our best to provide technical support to the customers whenever, they need it.
Change isn’t just about big headline moments, victories and international agreements: change is the way we talk, think, and act in our day-to-day life and this can create a ripple effect that benefits everyone.
According to statistics almost 60 percent of women around the world work in the corporate sector as well as, in the informal economy, earning less, saving less, and at greater risk of falling into poverty.
Supporting and celebrating women’s legal and social rights is a year-round responsibility. But on International Women’s Day, which is on March 8, 2021, it’s even more important to take a stand for women’s equality and for their wellbeing.
How did International Women’s Day start?
Worldwide Women’s Day can be followed back to New York City back in February 1908, when thousands of ladies who were working in garment industries went on strike and walked through the city to dissent against their working conditions. “Like nowadays, these ladies were in less organized work environments [than their male partners], were within the lower echelons of the article of clothing industry and were working at moo compensation and encountering sexual harassment,” says Eileen Boris, Teacher of Women’s activist Considers at the College of California Santa Barbara.
In honor of the commemoration of those strikes, which were continuous for more than a year, a National Women’s Day was celebrated for the primary time within the U.S. on Feb. 28, 1909, initiated by the Communist Party of America. Led by German campaigner and communist Clara Zetkin, the thought to turn the day into a universal development supporting widespread suffrage was set up at the Universal Conference of Working Ladies in 1910.
The most consequential International Women’s Day protest
Although International Women’s Day (IWD) had begun with activity from the women’s labor development within the U.S., it took on a genuinely progressive frame in Russia in 1917.
Just as Zetkin’s thought was spreading through Europe, Russia (where International Women’s Day was built up in 1913) was confronting turmoil for other reasons as well. It was against the scenery of a nation depleted by war, broad nourishment deficiencies and raising well known challenge that the nation’s 1917 Worldwide Women’s Day exhibit was held on Feb. 23 of that year — the comparable of Walk 8 within the Russian calendar, showing the centrality of the date of the commemorations today.
Although it wasn’t Russia’s to begin with Worldwide Women’s Day, student of history and extremist Rochelle Ruthchild of Harvard’s Davis Center for Russian and Eurasian Considers focuses to the contrasts between prior challenges and this exhibit, which took put within the then-capital Petrograd and included thousands. “Women were generally the ones on the breadline, and were the center protesters,” she says. “, male progressives like [Leon] Trotsky were disturbed at them, as these defiant and getting out of hand ladies were going out on this Worldwide Women’s Day, when they were implied to hold up until May,” alluding to the yearly worker’s dissents on May 1.
‘Many more steps to take’
Since the establishment of International Women’s Day, it has come to be marked just as frequently with celebration as it is with protest, but the day’s bequest remains soaks within the battle for women’s rights — a component that has picked up reestablished pertinence in later months, especially as the #MeToo development has taken on worldwide measurements.
Looking to the history of International Women’s Day today, women are more aware of their rights and it is noted that International Women’s Day doesn’t seem likely to lose its radical flavor any time soon.