Micro Advantage

How Password Managers Simply Security

One of the biggest issues people have with passwords is remembering them. Asking people to create unique passwords for each site quickly becomes a nightmare. Therefore, people fall back to using the same or variants of the same password over and over. They know they shouldn’t, but they don’t have the memory not to.  According How Password Managers Simply Security

Juniper Networks hands channel NaaS option

Intel Kicks Off Fab Co-Investment Program with Brookfield: New Fabs to be Jointly Owned

Intel this week introduced its new Semiconductor Co-Investment Program (SCIP) under which it will build new manufacturing facilities in collaboration with investment partners – a sharp departure from the company’s traditional stance of wholly owning its logic fabs. As part of its SCIP initiative, Intel has already signed a deal with Brookfield Asset Management, which will provide Intel about $15 billion to build its fab new fab in Arizona in exchange for a 49% stake in the project. Furthermore, similar co-investment models are set to be used for other fabs in the future.

New Fabs Are Getting Costlier

When Intel announced plans to produce chips for other companies last year (and to a large degree become a contract maker of semiconductors), it marked a significant shift in the company’s business strategy that required Intel to build new manufacturing capacity not only for itself, but for its future clients as well. But modern fabs are exceptionally expensive, as new manufacturing tools — such as contemporary extreme ultraviolet (EUV) lithography scanners — are prohibitively expensive, which makes it considerably harder for the company to execute on its IDM 2.0 strategy from capital point of view. 

To get sufficient capacity for its own products and for its fabless clients in the mid-term future, Intel had to engage into several capital-intensive projects: the $7.1 billion fab expansion in Ireland (which has probably been completed); two new fabs — Fab 52 and Fab 62 — at its Ocotillo site near Chandler, Arizona that were expected to cost $20 billion; an all-new semiconductor production campus in Ohio that will need $20 billion initially and will be a size of a small town as well as will cost up to $100 when fully built; and an all-new production facility near Magdeburg, Germany (which will require an investment of €17 billion).

Intel is set to get billions in incentives from local authorities as well as subsidies from federal governments of the U.S. and Germany to build these fabs. But modern EUV-capable semiconductor production facilities cost about $10 billion (large gigafabs with a capacity of 100,000 wafer starts per month cost north from $20 billion), so financing these projects is particularly challenging even for Intel. Therefore, in a bid to build its new facilities in Arizona the company decided to engage into its co-investment program with Brookfield. 

Intel to Maintain Majority Ownership

Under the terms of the deal, the two companies will co-invest $30 billion in the ongoing expansion of the site with Intel financing 51% and Brookfield backing 49% of the total project cost. Previously Intel planned to invest $20 billion in its Fab 52 and Fab 62, but together with Brookfield the sum has increased to $30 billion. In addition to getting access to additional funding, Intel could also take advantage of Brookfield’s experience in developing infrastructure assets.

By working together with Brookfield, Intel will get $15 billion in free cash flow and will be able to invest more into its new fabs without raising new debt. Also, this will allow Intel to invest more in other projects while “continuing to fund a healthy and growing dividend.” Meanwhile, the $15 billion benefit is “expected to be accretive to Intel’s earnings per share during the construction and ramp phase.”

Perhaps the key part of the announcement is the fact that Intel plans to sign similar deals with co-investors in the future, so expect its upcoming manufacturing capacity to be co-funded by others. Intel will retain majority ownership and operating control of its chip factories, but it will not own 100% of them. Previously the company rarely engaged into joint ventures, the most notable exceptions being IMFT, the company’s NAND flash joint-venture with Micron, and participating in ASML’s customer co-investment program from early 2010s. 

“This landmark arrangement is an important step forward for Intel’s Smart Capital approach and builds on the momentum from the recent passage of the CHIPS Act in the U.S.,” said David Zinsner, Intel CFO. “Semiconductor manufacturing is among the most capital-intensive industries in the world, and Intel’s bold IDM 2.0 strategy demands a unique funding approach. Our agreement with Brookfield is a first for our industry, and we expect it will allow us to increase flexibility while maintaining capacity on our balance sheet to create a more distributed and resilient supply chain.”

Co-ownership of semiconductor manufacturing facilities is not something unheard of the industry. China’s Semiconductor Manufacturing International Co. (SMIC) invests in new fabs together with local authorities of Chinese provinces as well as various asset management companies and/or investment banks (many of which are controlled by China’s federal government). GlobalFoundries used to be co-owned by AMD and Mubadala before the latter acquired AMD’s stake as the chip developer badly needed money. Yet, a co-investment program is something particularly new for Intel, which has always owned 100% of its manufacturing facilities. Ultimately, as it looks like as the semiconductor production is getting more expensive, there is a first time for anything.

Juniper unveils AI-driven switch and enhanced AIOps capabilities

Nokia, Furukawa accelerate Optical LAN in Latin America

Most CISOs think they’ve been attacked by a nation state

Transition continuing at K3 Business Technology

ASUS Unveils Crosshair X670E Gene, Premium Micro-ATX AM5 Motherboard for Ryzen 7000

Over the years, multiple motherboards have captivated the market at various price points. Models like the Hero and the Formula are staples of ASUS’s premium but popular ROG-themed offerings. One such series that was once the staple of ASUS’s Intel models based on the micro-ATX form factor was the Gene, last seen in the days of Intel’s 8th and 9th Gen Core series (2019). In what looks to be a resurrection of the Gene series for the release of AMD’s Ryzen 7000 processors based on its latest 5nm Zen 4 microarchitecture, ASUS has announced that the Gene is back via the ROG Crosshair X670E Gene. 

Throughout the years, the ROG Gene series has been synonymous with highly premium micro-ATX offerings, and it looks as though the ASUS ROG Crosshair X670E Gene is no different this time. Some of the ROG Crosshair X670E Gene’s main features include a full-length PCIe 5.0 x16 slot, one PCIe 4.0 x1 slot, and a single PCIe 4.0 x4 M.2 slot. ASUS includes another expansion slot next to the two DDR5 memory slots for an included ROG Gen-Z.2 M.2 add-in card with support for up to two PCIe 5.0 x4 M.2 drives.

The ASUS ROG Crosshair X670E Gene will also feature a 16+2 phase power delivery with premium 110 A power stages, an Intel-based 2.5 GbE, and Wi-Fi 6E networking pairing, as well as support for USB 3.2 G2x2 with Quick Charge 4+ (60 W) capability. ASUS also states that it will also have rear panel USB4 support, although ASUS hasn’t provided full specifications to us at this time.

At the time of writing, ASUS hasn’t revealed much for the ROG Crosshair X670E Gene, nor how much it is expected to cost or when it might hit retail shelves.

6 Steps to Developing an Agile BYOD Policy for your Business

Having a remote or hybrid work setup has a lot of benefits. It keeps the company running while also giving your team flexibility and more control over their time to have a work-life balance. It may seem straightforward: have everyone work online and have a productivity app that keeps everyone on track. However, companies need […]

The post 6 Steps to Developing an Agile BYOD Policy for your Business appeared first on Nerds Support.

Altice gets regulatory green light for added stake in BT