In February, Toshiba said it was looking to sell its memory business. The need to sell the assets amplified after its Westinghouse Electric nuclear power unit filed for bankruptcy in late March. Overall, Toshiba is expecting a decline in revenue and profits this financial year.Foxconn, on the other hand, is gathering up assets around the world, with factories in North America, Asia, Europe, and South America. Foxconn last year targeted another major Japanese company -- Sharp -- and it acquired a majority stake.
The news of the potential offer was first reported by the Wall Street Journal. Foxconn is the latest of a number of companies, including SK Hynix and equity investor Silver Lake, interested in acquiring Toshiba's chip assets.
Original article available at http://www.computerworld.com/article/3188750/data-...
Cisco is betting big on cloud computing. As per a source at CRN There is a large shift in the market from Hardware to Software with the boom of cloud services. They plan to Lay-off 20% of their workforce of people who focus on hardware so cisco can make the shift to the more popular Cloud computing software and accessories.
2017 IT spending expected to increase almost 3%. In 2016 we saw uncertainty, Brexit, and a presidential election yet to be decided. All of these factors have contributed to a decline in 2016 IT spending. However 2017 already looks to be an improvement.