Intel is increasing focus on Asia as the market will continue to experience strong growth in the future.
The chipmaker today announced that it will be expanding the factory located in Chengdu for $1.6 Billion which will be supported by the government.
“Deploying our newest advanced testing technology in China shows our commitment to innovating jointly with China. The fully upgraded Chengdu plant will help the Chinese semiconductor industry and boost regional economic growth,” said William Holt, Intel Executive Vice President.
Intel has increased the focus on Asia in recent years, especially in China and understand the importance of investing in the region and working with the government in order to be successful. Many other international companies fail to do exactly that and are therefore locked out of China.
Microsoft CEO Satya Nadellla’s $84 million pay package has been approved by shareholders. Nadella who has been with Microsoft for 22 years, held the position of Executive Vice President of Microsoft’s Cloud and Enterprise group before he was appointed CEO in February this year.
In his previous role his total compensation for 2013 came in at $7.6 million. Talk about a pay rise!
Here is a breakdown of the $84 million package:
Base salary: $918,917
Bonus: $3.6 million
Stock Grants: $79.8
The package will not continue at this level though since $59 million of the stock package was issued for the promotion to the CEO position. Aside from performance related bonuses, Microsoft has already announced that Nadella will receive stock valued at $13 million next year.
Microsoft has had a strong year, the stock price has gone up 30% and the latest quarter showed growth across the board. Shareholders have a positive view of the strategy under Nadella however a lot of the growth comes from decisions made under former CEO Steve Ballmer. That being said, the cloud business grew 128% year over year, the business unit Nadella ran before he became CEO.
Google Glass was the hit when it was showcased during the Google Developer Conference back in 2012. But the product has struggled recently both in terms of the image problem it has and general development making it a product that Google can bring to the masses.
Google doesn’t seem to be distracted by that though, just earlier this week it was reported that the next generation of Google Glass will feature an Intel processor which could result in improved efficiency and Intel is also said to be involved on the hardware side of things.
Google has filled for a patent which included a drawing of what could be the next generation Glass.
What’s new / different:
The camera and screen has been shifted to the right eye
No large battery
Ear hooks (batteries?)
No nose support
Can Google make Google Glass a success after all with a new design, updated hardware and the Intel partnership?
Firefox is one of the most popular browsers but it isn’t available for iOS. The reason is because Apple doesn’t allow Firefox to its own web engine, so the company has always said it would not release a Firefox version for iOS which would force them to run Apple’s engine instead.
Firefox manager Lukas Blakk wrote on Twitter “”we need to be where our users are so we’re going to get Firefox on iOS”.
We need to be where our users are so we're going to get Firefox on iOS #mozlandia
There have been a number of reports recently which said that the holiday shopping was not meeting expectations this year and had actually declined. Research firm comScore has now come out with online shopping numbers which show the opposite.
Cyber Monday sales increased 17% from last year and is the biggest shopping day for the first time. Sales came in at $2.038 billion.
Black Friday sales increased 26% to $1.505 billion.
“With more than $2 billion in online buying on Cyber Monday to cap an exceptionally strong 5-day period since Thanksgiving, the online holiday shopping season is clearly going very well at the moment and is currently running ahead of forecast,” said comScore chairman emeritus Gian Fulgoni.”Varying reports have also indicated weakness in the consumer economy due to flagging brick-and-mortar sales over the holiday weekend, but what we may really be seeing is an accelerating shift to online buying as mobile phones spur increased showrooming activity. The data we’re seeing suggest it may be more a change in shopping behavior than a lack of consumer demand.”
Here is a historic look at the holiday season sales from 2010 – 2014