Intel and STMicroelectronics officially launched Numonyx in March. The multibillion-dollar company, which is expected to generate $3.6 billion in annual revenue, absorbed the tech companies' money-losing businesses for flash memory devices.
The NAND flash memory market has been hit hard because of an oversupply that has grown worse in the economic downturn. The dismal state of the market has been a major contributor to the overall slump of the semiconductor industry.
The industry as a whole is expected to suffer a second year of revenue decline in 2009, marking the first time chipmakers have seen sales drop in back-to-back years, according to Gartner. Revenue next year is expected to total just $219.2 billion, a 16.3% drop from this year, which is forecast to suffer a 4.4% drop from 2007 to $261.9 billion.
Numonyx competitors include
Samsung Electronics Co. Ltd. (Korea: SEC),
Toshiba Corp. (Tokyo: 6502), and
Texas Instruments Inc.
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
