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corporate watch

Microsoft to launch Windows 10 on July 29

NEW YORK: Microsoft on Monday announced that the latest version of its Windows operating system will be available July 29 for computer and tablet users.

The new Windows 10 software will come as a free upgrade to people who already use Windows 7 or Windows 8.1 and will be available in 190 countries.

Windows 10 will come pre-installed on Microsoft-compatible computers and tablets from July 29 and will be available for purchase later in the year.

The move marks a major launch for Microsoft, after the relative failure of Windows 8, which was rolled out in 2013.—AFP

Chipmaker Intel to buy Altera for $16.7bn

NEW YORK: Chipmaker Intel announced Monday it will acquire Altera for $16.7 billion, accelerating a wave of consolidation in the semiconductor industry.

Intel will pay $54 per share in cash for Altera, which designs processors for phone networks, cars and other devices. The acquisition is the largest ever for Intel.

Intel said the deal would boost its portfolio of chips for data centres and the ‘Internet of Things,’ an emerging area of transactions that do not require human-to-human or human-to-computer contacts.

The deal follows the May 28 announcement that Singapore-based Avago Technologies would buy rival Broadcom in a $37bn deal aimed at mobile chipmaking.—AFP

Malaysia Airlines ‘technically bankrupt’: new CEO

KUALA LUMPUR: Malaysia Airlines is “technically bankrupt”, its new German CEO said on Monday as he outlined plans to stabilise the failing flag carrier including 6,000 job cuts.

“We are technically bankrupt and that decline of performance started long before the tragic events of 2014,” Christoph Mueller told reporters, referring to two deadly disasters that rocked the airline last year.

Malaysia Airlines took its first major steps on Monday under Mueller, sending termination letters to all of its roughly 20,000 employees, followed by new contracts offered to 14,000 of them.—AFP

Nvidia sees cloud computing revenue at $1bn

TAIPEI: Chipmaker Nvidia Corp said it expects cloud computing revenue to hit $1 billion in the next two to three years, as demand for big data analysis drives growth in graphics chips.

Cloud computing is the company’s fastest-growing segment, with revenue increasing at about 60-70 per cent a year, CEO Jen-Hsun Huang told reporters a day before Computex, Asia’s largest technology trade show, opens in Taipei.—Reuters

Nokia unveils datacentre service for telecoms

HELSINKI: Finnish telecoms equipment maker Nokia launched a new localised datacentre service for mobile network operators on Monday, enabling the operators to better compete with the likes of Amazon and Google in providing internet services.

Nokia said it will offer cloud-based datacentres running on Intel’s platform to network operators seeking to contend with the growth in mobile data traffic.

Nokia is turning the notion of highly centralised datacentres on its head by allowing mobile operators to spread datacentre functions across their networks, enabling customer data to be handled locally and thereby boosting the speed of network services.

Published in Dawn, June 2nd, 2015

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