Nokia turns to Sanmina to build fiber broadband products in USA

Nokia announced a partnership with Sanmina to manufacture fiber-optic broadband network electronics products and optical modules in the U.S. for use in the Broadband Equity, Access and Deployment (BEAD) program. 

Nokia’s plans for U.S manufacturing will include:

• Optical Line Termination card for a modular Access Node
• A small form factor OLT
• OLT optical modules
• An “outdoor-hardened” Optical Network Terminal (ONT)

Sanmina will expand its state-of-the-art manufacturing facility in Pleasant Prairie, Wisconsin, adding about 200 jobs.

The investment comes in the wake of the Biden administration’s Broadband Equity, Access and Deployment (BEAD) program and the Build America Buy America Act, which were enacted as part of the Infrastructure Investment and Jobs Act. 

Pekka Lundmark, President and CEO of Nokia, said: “At Nokia, we create technology that helps the world act together. We are committed to connecting people and communities. However, many Americans still lack adequate connectivity, leaving them at a disadvantage when it comes to accessing work, education and healthcare. Programs like BEAD can change this. By bringing the manufacturing of our fiber-optic broadband access products to the U.S., BEAD participants will be able to work with us to bridge the digital divide. We look forward to bringing more Americans online.”

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AWS sales top $22.1 billion in Q2, up 12% yoy

In its Q2 financial report, Amazon disclosed that AWS segment sales increased 12% year-over-year to $22.1 billion. AWS segment operating income was $5.4 billion, compared with operating income of $5.7 billion in second quarter 2022.

AWS now represents 17% of the company's overall sales.

“Our AWS growth stabilized as customers started shifting from cost optimization to new workload deployment, and AWS has continued to add to its meaningful leadership position in the cloud with a slew of generative AI releases that make it much easier and more cost-effective for companies to train and run models (Trainium and Inferentia chips), customize Large Language Models to build generative AI applications and agents (Bedrock), and write code much more efficiently with CodeWhisperer,” stated Andy Jassy, Amazon CEO.

https://ir.aboutamazon.com/news-release/news-release-details/2023/Amazon.com-Announces-Second-Quarter-Results/

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PCI-SIG forms Optical Workgroup to enable higher PCIe performance

PCI-SIG has established a new Optical Workgroup to deliver PCI Express (PCIe) technology over optical connections. 

The PCI-SIG Optical Workgroup intends to be optical technology-agnostic, supporting a wide range of optical technologies, while potentially developing technology-specific form factors.

“Optical connections will be an important advancement for PCIe architecture as they will allow for higher performance, lower power consumption, extended reach and reduced latency,” said Nathan Brookwood, Research Fellow at Insight 64. 

“Many data-demanding markets and applications such as Cloud and Quantum Computing, Hyperscale Data Centers and High-Performance Computing will benefit from PCIe architecture leveraging optical connections.”

“We have seen strong interest from the industry to broaden the reach of the established, multi-generational and power-efficient PCIe technology standard by enabling optical connections between applications,” said PCI-SIG President and Chairperson Al Yanes. 

Existing PCI-SIG workgroups will continue their generational march towards a 128GT/s data rate in the PCIe 7.0 specification, while this new optical workgroup will work to make the PCIe architecture more optical-friendly.

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CoreWeave secures $2.3 billion debt financing for its GPU cloud

CoreWeave, a specialized cloud provider built for large-scale GPU-accelerated workloads, secured $2.3 billion in debt financing led by Blackstone and Magnetar with participation from Coatue, DigitalBridge, BlackRock, PIMCO,  Carlyle and Great Elm.

The company says the debt facility provides the financial headroom and flexibility to scale and to continue acquiring cutting edge technology.

Coreweave recently announced a new $1.6 billion data center in Texas, its first facility in the state. 

Last month, CoreWeave reported record-breaking performance results on the MLPerf benchmark.  

https://www.coreweave.com/

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Cloudflare posts Q2 sales of $308.5 million, up 32% yoy

Cloudflare reported Q2 venue of $308.5 million, representing an increase of 32% year-over-year. Non-GAAP net income was $33.7 million, compared to $0.3 million in the second quarter of 2022. Non-GAAP net income per diluted share was $0.10, compared to $0.00 in the second quarter of 2022.

“In the second quarter, we grew revenue 32% year-over-year to $308.5 million, had a record quarter for new ACV bookings, and delivered the fourth consecutive quarter of record operating profit. Our team has proven that we can execute in good times and can also deliver operational improvements while we're in more challenging times,” said Matthew Prince, co-founder & CEO of Cloudflare. “Our innovation engine remains in high gear, and by our estimates, Cloudflare is the most commonly used cloud provider across leading AI startups. In the second quarter alone, we shared ten major announcements and features to extend Cloudflare Workers as the preeminent development platform built for the age of AI. We believe we’re uniquely positioned to become a leader in AI inferencing and have a lot more in store across the entire AI lifecycle to help enable companies to build the future.”

https://cloudflare.net/events-and-presentations/default.aspx

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Dell'Oro: Single-Vendor SASE to grow twice as fast as multi-vendor SASE

The increased enterprise preference for single-vendor SASE solutions is expected to propel its growth at twice the rate of multi-vendor SASE solutions, according to a new report from Dell'Oro Group. Enterprises are anticipated to spend nearly $34 B between 2022 and 2027 on single-vendor SASE solutions. Though multi-vendor SASE solutions are projected to grow slower, they will continue to occupy a significant part of the SASE market, with enterprise spend expected to be $29 B between 2022 and 2027.

"Since we started tracking the SASE market in 2019, multi-vendor solutions have represented most of the market compared to single-vendor. However, in 2023 we anticipate that single-vendor SASE will become the majority of the market," said Mauricio Sanchez, Sr. Director, Enterprise Security and Networking at Dell'Oro Group. "As single-vendor SASE solution maturity increases, so is the comfort in purchasing it all from a single vendor. The pressure to go after best-of-breed from multiple vendors is slowly diminishing," added Sanchez.

Additional highlights from SASE and SD-WAN 5-Year July 2023 Forecast Report:

• Total spend on SASE solutions, whether single- or multi-vendor, to eclipse $63 B between 2022 and 2027.
• Unified SASE is anticipated to grow at a five-year compound annual growth rate (CAGR) of over 30 percent between 2022 and 2027, over twice the disaggregated SASE rate.
• The report further divides the total SASE market along its two components, Security Service Edge (SSE) and SD-WAN, and details how the substantial spend on both is expected to drive SD-WAN annual spending to nearly $6 B and SSE spending to over $8 B by 2027.
• SD-WAN sales to service providers that offer managed SD-WAN will continue to outpace SD-WAN sold to enterprises that self-manage.

www.delloro.com

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Tenstorrent raises 100M for its AI processors

Tenstorrent, a start-up based in Toronto with offices in Austin and Santa Clara, closed a $100M strategic financing up-round led by Hyundai Motor Group and Samsung Catalyst Fund, with participation from Fidelity Ventures, Eclipse Ventures, Epiq Capital, Maverick Capital, and more. 

Tenstorrent specializes in AI processors and licenses AI and RISC-V IP.  The company says it will use the funding for the design and development of AI chiplets, and its ML software roadmap.   

“The trust in Tenstorrent shown by Hyundai Motor Group and Samsung Catalyst Fund leading our round is truly humbling,” said Jim Keller, CEO of Tenstorrent.  “It has been impressive watching Hyundai Motor Group become the third largest automaker in the world through their aggressive adoption of technology including their acquisition of Boston Dynamics, their joint venture with Aptiv, and now their investment in us.”

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MACOM appoints SVP for Advanced Semiconductors

MACOM announced the appointment of Wayne Struble as Senior Vice President, Advanced Semiconductor Technology.

Struble, who has served as a MACOM Distinguished Fellow of Technology since joining MACOM in 2010, is an expert in Radio Frequency, microwave and millimeter wave integrated circuit design, semiconductor device modeling and testing, compound semiconductor process development and wireless communication system design. 

During his distinguished 40-year career, Mr. Struble has made significant technical contributions to the semiconductor industry in the areas of Gallium Arsenide (GaAs) and Gallium Nitride (GaN) circuit design and process development, published more than 25 technical papers and holds more than 50 patents in the field of RF and microwave semiconductors.

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