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Tuesday, March 28th, 2017
| Time | Event |
| 3:00p | Deloitte Acquires Cloud Consulting Firm Day1 Solutions  Brought to You by Talkin’ Cloud Deloitte announced on Monday that it has acquired Maclean, Virginia-based cloud consulting firm Day1 Solutions in an effort to boost its cloud services. According to Deloitte, the services of Day1’s team will also accelerate its collaboration with leading cloud platforms in the market. Day1 has clients in commercial industries and government agencies. “Cloud is the backbone of innovation and a conduit for clients to reimagine how they do business,” Ranjit Bawa, principal, Deloitte Consulting LLP said in a statement. “For years, we’ve helped our clients view cloud integration as a critical driver for business transformation. By adding these significant investments to our portfolio, our clients will have access to deeper cloud expertise and even more innovative capabilities, as well as the talent they need to help them thrive in a fast-moving digital economy.” Deloitte says that Day1 Solution’s clients have engaged them to tap into trusted system integrators, managed service providers, and value-added resellers. The acquisition of Day1 comes a month after Deloitte formed an AWS cloud practice with 2,500 practitioners around the world. “As one of the largest professional services organizations in the world and a recognized leader in applying new technologies to businesses, Deloitte provides the reach and expertise needed to share our award-winning cloud solutions with a diverse client roster,” Luis Benavides, founder and CEO of Day1 said in a statement. “At the end of the day, our commitment to clients is to harness the power of cloud to accelerate their digital transformation.” Deloitte is also planning to add 3,000 new engineers over the next year to help organizations integrate and manage business operations in the cloud, using analytics and cognitive solutions. The majority of these new engineers will operate out of three new cloud studios to be opened in Orlando, New York and Washington, D.C. over the next year. “The growth of cloud computing has skyrocketed over the last few years – according to Synergy Research Group, $148 billion in 2016 and growing 25 percent annually. Cloud capabilities are the great enablers of digital transformation and there’s a strong demand from clients to help them innovate their businesses with new cloud-based platforms,” Bawa said. “These strategic investments help strengthen Deloitte’s cloud-based solutions by providing clients with a full spectrum of digital, analytics and enterprise cloud services – that ultimately power business agility and growth in a cloud-driven world.” This article originally appeared on Talkin’ Cloud. |
| 4:33p | China’s Top Chipmaker Secures $22B to Expand Globally (Bloomberg) — Tsinghua Unigroup Ltd. has clinched as much as 150 billion yuan ($22 billion) of financing from two Chinese government-backed investors, amassing a pool of funds to pursue acquisitions and build a world-class semiconductor industry. The state-linked chip-maker will receive a total of 100 billion yuan from China Development Bank, a policy lender overseen by the country’s cabinet, in the years till 2020. It’ll get another 50 billion yuan from a national chip fund set up in 2014 to drive advances in domestic semiconductors, Unigroup said in a statement on its website. The company didn’t describe how the capital will be deployed. But Unigroup has been an aggressive acquirer and capacity-builder, the standard-bearer for an effort to wean China off its reliance on foreign technology. It’s building a $30 billion memory chip production complex in the eastern city of Nanjing that will become China’s largest when completed, and it’s preparing to expand memory and storage facilities in Wuhan. The capital “is poised to lend strong support to Unigroup’s rapid expansion in the industry” and “speed the process of technology upgrades and lift our core competitiveness,” Unigroup said in a statement after signing agreements with the two investors. It didn’t say whether the financing will be in the form of credit or an equity investment. China is spending an estimated $150 billion over 10 years to try and achieve a leading position in semiconductor design and manufacturing, an ambitious plan that U.S. executives and officials have warned could harm American interests. Unigroup, an affiliate of the business arm of elite Tsinghua University, has become the largest semiconductor player in a country dependent on imports for components such as high-performance processors and 3D-NAND memory chips. Unigroup and other Tsinghua affiliates have pulled off a number of acquisitions over the years, including of RDA Microelectronics Inc. and Spreadtrum Communications Inc., to beef up their design capability, and signed partnership deals with global players including Western Digital Corp. But that M&A spree has hit a wall of late: Tsinghua was forced to withdraw a planned investment in Western Digital after the deal threatened to invite U.S. government scrutiny, while a Taiwanese acquisition attempt fell through. The company’s major business units and affiliates include integrated-circuit developer Unigroup Guoxin Co., formed via a series of mergers of state-backed entities. And its $2.8-billion Changjiang Storage was the result of a merger between Unigroup’s own memory chip operations and a government-run factory in 2016. |
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