IT Executive news

• US Senate to approve $52 billion for chipmakers—but not designers

  27-07-2022 18:41
  
  The US Senate, by a vote of 64-32, on Tuesday approved a cloture motion for the CHIPS Act, ending debate on the bill and paving the way for expected Senate approval this week of $52 billion in assistance funds for semiconductor manufacturers looking to make products in the US.The bill, which still needs approval of  the US House of Representatives and President Biden to become law, would also provide a 25% tax credit for investmentWhile $2 billion of the direct assistance funds is already
  
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• US Senate approves $52 billion for chipmakers—but not designers

  27-07-2022 18:41
  
  The US Senate, by a vote of 64-33, has approved the CHIPS Act, a bill that would provide $52 billion in assistance funds for semiconductor manufacturers looking to make products in the US, along with a 25% tax credit for investment in the industry, as well as research and workforce development grants.The bill still needs the approval of the US House of Representatives and President Biden, a vocal supporter of the legislation, to become law.While $2 billion of the direct assistance funds is alre
  
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• What Microsoft’s results might tell us about Apple’s business

  27-07-2022 18:34
  
  While Microsoft’s results confirm the company continues its slow and steady pivot to build its business around high-value enterprise services, Apple, its more star-spangled PC industry sibling, makes a play of its own for platform proliferation.As we hit earnings week for both firms, what have we learned?What’s happening with Mac v. PC?
  You can see what’s happening at Microsoft in great depth here. The takeaways appear to be growing services income (particularly around cl
  
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• Microsoft weathers the financial storm with 12% revenue growth

  27-07-2022 13:18
  
  Microsoft announced its fourth quarter 2022 results yesterday, posting revenue of $52 billion, up 12% year-on-year. However, the company’s net income was relatively flat at $16.7 billion, at a much more modest increase of just 2%.In a call with analysts, Microsoft chief financial officer, Amy Hood, said unfavorable foreign exchange rate movement within the quarter negatively impacted revenue and diluted earnings per share, while extended production shutdowns in China and a deteriorating P
  
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• Upgrading cell towers could save enough energy to power entire cities

  27-07-2022 12:00
  
  Upgrading to more efficient cellular radio towers could save enough electricity to power cities such as Phoenix, New Orleans or Seattle, according to a new study produced by US research firm J. Gold Associates.Annually, US cell sites use a total of almost 21 million megawatt hours (MWh) of power. That’s the equivalent of the average power used by almost two million households.“Cellular services have become a critical infrastructure component of modern life. It’s hard to imagin
  
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