Why Apple is breaking a 15-year partnership with Intel on its Macs

first_img“Apple Silicon is totally in keeping with the strategic goal of Apple to really control an entire stack,” CCS Insight analyst Wayne Lam said. “Now computing, they own everything from silicon to the software to how the user moves the mouse around, so it’s tremendously integrated.”Controlling its own technologies helps Apple integrate its products more deeply. It also means that it controls its own schedule — chips take 3 years to develop, Apple senior vice president Johny Srouji said last year — and has more control over costs.“Apple thinks they can innovate faster than the standard business model of Intel or Qualcomm doing the development on chips and then they build on top of it,” Lam said.Intel is falling behind in manufacturing. Apple proudly said on Tuesday that the M1 chip in the new Macs uses 5-nanometer transistors.“Five-nanometer is the leading edge of process technology right now and there are only a few products out at this point,” Gartner analyst Jon Erensen said. Currently, Intel is shipping chips with 10-nanometer transistors.In general, the more transistors a chipmaker can fit into the same space, the more efficient the chip is. Currently, Intel ships chips only with 10-nanometer transistors.Intel famously controls its own factories, called “fabs,” around the world, compared to Apple, which contracts with companies in Asia to manufacture chips to its own specifications. But Apple’s chip manufacturing partner, TSMC, can make 5-nanometer chips while Intel can’t.“Intel’s had some challenges over the last couple of years on the manufacturing side. And I think those challenges have opened a window or opportunity for ARM-based designs for come in. Apple is one of the the best ARM-based processor designers out there,” Gartner analyst Jon Erensen said.Earlier this year, Intel CEO Bob Swan said that it was considering outsourcing its manufacturing, like what Apple does.“With the challenges that Intel has had moving to 10-nanometer and 7-nanometer while foundries like TSMC and Samsung have pushed more aggressively, it’s taken one of Intel’s key advantages and leveled the playing field a bit,” Erensen said.More battery life, potentially better performance, and laptops that work like phones. Apple says that the M1 Macs are better products than the older models, mainly because Apple claims its chips enbable better performance and longer battery life than it could achieve using Intel’s chips.It’s clear that the new Macs will have improved battery life. Apple’s previous chips have been used in smartphones and tablets, which have significantly smaller batteries.During Apple’s launch event on Tuesday, the company emphasized how it mainly evaluates chips on performance per watt, not raw performance.On the entry-level MacBook Air, Apple says that it can manage 15 hours of web browsing on one charge, nearly 30% more than the advertised 10 to 11 hour battery life of the previous Intel-based model.The new Macs also work more like phones or tablets, Apple said, with features like the ability to wake up from sleep instantly. The new M1 Macs can even run iPhone apps, if the developer takes a few steps to make them available on Apple’s App Store.However, analysts warn that Apple’s performance claims, like that it is faster than comparable PCs, will need to be tested once the computers hit shelves next week.“Performance of the new M1 chip is nearly impossible to gauge as the company didn’t provide any detailed substantiation around any of the performance claims made,” Moor Insights founder Patrick Moorhead said.Apple did not stop selling Intel laptops on Tuesday, and its highest-end laptops are still Intel-based, suggesting that there are still performance advantages to some Intel chips. Apple is the fourth-largest PC maker measured by shipments, according to a Gartner estimate, so its plan to use its own chips in its entire lineup of laptops and desktops, first announced in June, is a blow for Intel.Apple’s chips are based on ARM technology, as opposed to the x86 architecture that Intel’s chips use. ARM was originally designed for mobile devices, and chips built with ARM designs are consistently more efficient, leading to longer battery life. On a laptop, that could mean several extra hours away from the plug.But that’s only one reason why Apple is switching out the brains of its laptops. Here’s a rundown of why Apple made the move:- Advertisement – Apple announced three new Mac computers on Tuesday: a MacBook Air, a 13-inch MacBook Pro, and a Mac Mini. They essentially look the same as their predecessors.What’s new this time is the chip that runs them. Now they’re powered by Apple’s M1 chip instead of Intel processors. Tuesday’s announcement marks the end of a 15-year run where Intel processors powered Apple’s laptops and desktops, and a big shift for the semiconductor industry.- Advertisement – Apple’s strategy of owning core technologies. Apple CEO Tim Cook has frequently said that the company has a “long-term strategy of owning and controlling the primary technologies behind the products we make.”For a computer hardware company, there are few technologies less essential than the silicon processors that the machines run on.Apple has invested heavily in its silicon department, including major purchases, starting with a $278 million purchase of P. A. Semi in 2008, which started the department, and most recently, $1 billion for part of Intel’s modem business in 2019. It’s been building its own A-series chips for iPhones, iPads, and Apple Watches since 2010. Now it’s essentially bringing the same technology to laptops and desktops, meaning that all Apple computers basically run on the same framework.- Advertisement – – Advertisement –last_img read more

Asia stocks sink, Dow confirms bear market after US bans Europe travel on virus

first_imgTokyo’s benchmark Nikkei was down 5.42 percent or 1,051.88 points to 18,364.18, while the broader Topix was down 5.06 percent or 70.15 points to 1,314.97 in the hour after Trump’s address.Australia’s ASX was down 5.4 percent, while Hong Kong tumbled three percent at the open. Read also: To buy it or not: Retail investors are torn amid volatile stock marketThe news also sent the yen higher, with the safe haven currency gaining as uncertainty continues. The dollar fetched 103.63 yen by 0130 GMT, from 104.57 yen in early Asian trade. Stock markets tumbled Thursday after US President Donald Trump announced a 30-day ban on travel to the United States from Europe over the coronavirus.Asian markets were already a sea of red at the open, with traders taking their lead from a global rout as the World Health Organization declared the spread of the new virus was officially a pandemic.But Trump’s announcement of the 30-day ban, which excludes Britain, caused further selling, despite a series of measures intended to ease the financial pain of the outbreak, which has paralysed travel and hit businesses around the world. “Trump travel ban: sell, sell, sell is being heard across dealing rooms in Asia,” wrote Stephen Innes, global chief markets strategist at AxiCorp.”Travel restrictions equal slower global economic activity, so if you need any more coaxing to sell… after a massively negative signal from overnight trading in US markets, it just fell in your lap,” he added.The losses followed another brutal session on the US markets, with wave after wave of bad news, including Hilton withdrawing its earnings forecast and Boeing saying it would suspend most hiring and overtime pay.The coronavirus outbreak has left virtually no sector untouched, though travel and tourism have been particularly hard-hit as countries institute travel bans and quarantine requirements.’Markets crying out’The Dow Jones Industrial Index plunged around 1,465 points, or 5.9 percent, to 23,553.22 on Wednesday, in a bruising session that left the index more than 20 percent below its peak, making it a bear market.Leading stock markets in Europe also retreated, including the FTSE 100 which dropped 1.4 percent despite the Bank of England slashing its key interest rate to a record low and the government pledging $39 billion of fiscal stimulus.Analysts said markets were struggling under the weight of twin crises: the burgeoning coronavirus outbreak and an oil price war.Read also: Disappearing act: Market braces for volatile March after $2.4b vanishes in a weekOil prices also fell sharply after Trump’s comments, plunging more than five percent.The oil market was already under pressure after Saudi Arabia and Gulf partner UAE stepped up a price war with plans to flood the global markets.The move is the latest escalation of a fight among oil producers after Russia balked at an OPEC-backed plan to cut production in response to lost demand from the coronavirus.”The virus itself continues to spread in Europe and the US, meaning more extensive containment measures are likely, which will weigh further on global growth,” said Tapas Strickland, senior analyst at National Australia Bank.”Markets are crying out for a co-ordinated response to COVID-19 headwinds and a lack of concrete US policy action is rattling markets,” he said.Trump’s address included several measures intended to ease the financial burden particularly for small business, including payroll tax relief and deferred tax payments.But the measures did not appear to be enough to convince investors, though Innes said the stepped up US action could herald “an avalanche of global fiscal action across the board” that might cheer markets eventually.Topics :last_img read more

Amundi and EIB partner to develop European green credit market

first_imgAmundi and the European Investment Bank (EIB) have joined forces for an initiative that aims to foster the development of a European green debt market beyond investment grade green bonds.The Green Credit Continuum programme, as it has been called, will involve the creation of a fund investing in high-yield corporate green bonds, green private debt and green securitised credit.A scientific committee composed of climate finance experts will be formed to define and promote guidelines for the three markets, and a network will be put in place to source deals and projects.The guidelines are to be “in line with international best practice and legislation derived from the European Commission action plan on financing sustainable growth”, according to a joint statement. The goal is to create several funds based on this model. The EIB is to make an initial commitment of up to €60m, with the aim being for €1bn to be raised within three years. “Over the last few years the European green financing market has mainly developed by way of green bond issuances from sovereign, quasi-sovereign and large corporate issuers,” said Amundi and the EIB in the statement.   “To finance additional efforts to promote European energy and ecological transition goals, new market instruments are needed that enable smaller companies and green projects to access market financing, as well as offer higher yields to investors.”EIB vice-president Ambroise Fayolle said the partnership would “help promote sustainable finance in Europe by including new issuers in the green finance market, making them even more aware of environmental issues and environmentally friendly investments”.Amundi’s agreement with the EIB follows its joint venture with the International Finance Corporation, the private sector arm of the World Bank Group, to develop green finance in emerging markets. The initiative includes a green bond fund in which several major European pension funds are invested.last_img read more

Subsea 7 Updates Board Member Roles

first_imgSubsea 7 has updated its board responsibilities following the changes to board membership approved at the company’s AGM held on April 17, 2017.Namely, Allen Stevens has been appointed senior independent director and will serve as chairman of the corporate governance and Nomination Committee. Appointed a non-executive independent director from January 2011. Prior to the merger of Acergy S.A. and Subsea 7 Inc. in January 2011 Stevens was independent director of Subsea 7 Inc. from December 2005.David Mullen will serve as a member of the Corporate Governance and Nomination Committee. Mullen has served as non-executive director of Siem Offshore Inc. from 2006 to 2016.Niels Kirk will serve as a member of the Compensation Committee. Kirk worked at Citigroup/Citicorp for over 25 years where his most recent appointment was chairman & managing director of Energy & Natural Resources in Europe, the Middle East and Africa from 2011 until 2018.All other responsibilities are unchanged, Subsea 7 said on Tuesday.last_img read more

ISP announces ‘National Missing Children’s Day Poster Contest’

first_imgTo learn more about the National Missing Children’s Day Poster contest visit:  https://www.ojjdp.gov/missingchildrensday/If ever a child goes missing, contact your local police department or dial 9-1-1.  It is also a good idea to keep an updated picture or cell phone image, and a DNA sample from your child.  For more safety and prevention tips please visit http://www.in.gov/amberalert/2335.htmWe wish all participants good luck in the competition and to have fun creating the posters! Indianapolis, In. — The Indiana State Police is proud to partner again in 2019 with the U.S. Department of Justice in promoting the National Missing Children’s Day Poster Contest.  In 1983, President Ronald Reagan proclaimed May 25th as National Missing Children’s Day.  This day is dedicated to encouraging parents, guardians, caregivers and all concerned individuals with the well-being of children to make child safety a priority.  It also serves as a reminder to continue our efforts to reunite missing children with their families and loved ones.  It also serves as an occasion to honor those that are dedicated to this very noble cause.  The National Missing Children’s Poster Contest provides an opportunity for schools, law enforcement, and parents/guardians to discuss and promote child safety.The state winner will receive a national award certificate from the U.S. Department of Justice and their poster will be selected to go to the national judging competition.  The national winner, along with his/her parents and teacher, along with the state manager will be invited to Washington, D.C. to participate in the U.S. DOJ’s National Missing Children’s Day ceremony.Some important facts about the contest:There is NO LIMIT on the number of posters a school can submit.Only 1 poster per student is allowed for submission.Students who submit posters MUST be in the 5th grade. Artwork should reflect the theme “Bringing Our Missing Children Home.” This phrase MUST appear somewhere on the poster.The theme may be depicted in the artwork through one or a combination of illustrations and can be created using media such as acrylics, watercolor, pencils, charcoal, magic markers, spray paint, crayons and pastels. Digitally produced images, collages, cut-outs and stamping WILL NOT be eligible for consideration.The finished poster MUST measure 8 ½ X 14 inches.The poster must be submitted with a COMPLETED application, which includes a description of the poster and a brief biography of the artist.All poster contest rules can be found at https://ncjtc-static.fvtc.edu/Resources/RS00005796.pdfDeadline for submissions from participating organizations to be received by state manager Torie Harris is February 1, 2019.last_img read more

TT Attorney Sentenced for Conspiracy to Murder

first_imgAn attorney in Trinidad and Tobago was sentenced to 19 years in prison for conspiring with three other persons to kill his secretary in 2001.In court on Friday, justice Maria Wilson handed down the sentence to Joseph Melville.The attorney has been sentenced for Conspiracy to Murder, Attempted Murder, Kidnapping and Assault occasioning actual bodily harm.ConspiracyThe court heard that on the 28th June, 2001, Melville conspired with three other persons to kill his secretary, Patricia Cox.It’s reported that Melville had been hired by Veronica Rostant to administer the estate of her late son. On the 26th June, 2001, Rostant visited Melville’s office with a police officer, PC Frank – who asked Melville when Rostant would get the monies owed to her from the estate.Melville told Frank and Rostant that she would “get organized” by Friday 29th June, 2001.Believed secretary leaked information’The accused believed that Cox was responsible for “talking his business” with Frank and Rostant and, thus, he arranged with three other persons to have her killed.On the 28th June, 2001, the accused asked Cox to go and collect statements and bring them back to him.He directed her to go into a vehicle with three other men.Those men eventually took her to the community of Cumberland Hill. While there, one of the men, named Holder, held a stone over her head threatening to bash her head in. He and another man (Ainsley Alleyne) then proceeded to debate how they should kill her. Cox used the opportunity to throw herself off a cliff.She was eventually taken back up by Holder where he started to choke her. He eventually let go of her when someone called out to him.Secretary escapesCox regained consciousness and went under a cliff where she hid till the early morning hours.Cox, who had been stripped naked, then walked through the forest and eventually arrived at a house at around 1 pm where she was assisted.The accused was arrested but denied any knowledge of the incident.Ainsley Alleyne was also arrested and gave a statement to the police. He was eventually granted immunity and became a witness for the State.Alleyne died after giving evidence in the preliminary enquiry.His deposition was read at the trial.last_img read more