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 NodeA small form factor OLTOLT optical modulesAn “outdoor-hardened” Optical Network Terminal (ONT)Sanmina will expand its state-of-the-art...

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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...

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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...

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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...

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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...

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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...

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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,...

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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...

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