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Infosys loses a ten-year, $1.5 billion contract announced just three months ago.

Asia in brief Infosys lost a ten-year, $1.5 billion deal announced just three months ago, in September 2023.

The Indian services giant informed (PDF) investors of the deal on September 14, describing it as “a memorandum of understanding with a global company to provide enhanced digital experiences, modernization and operations services business, leveraging Infosys platforms and AI solutions” with a total customer spend target of $1.5 billion over 15 years.

This announcement envisaged that Infosys and the public company would have to enter into a framework agreement to complete the deal.

A Dec. 23 filing revealed that did not happen.

“The global company has now chosen to terminate the Memorandum of Understanding and the parties will not continue with the Framework Agreement,” the statement revealed.

Infosys’ annual revenue topped $18 billion last year, so losing this deal won’t cause huge problems.

However, in its earnings reports, Infosys highlights its ability to win large contracts and the total value of their contracts. He must now admit that such a deal failed.

Fujitsu Japan launches computer hardware business

Fujitsu’s Japanese company has decided to split its PC, server and storage activities.

A December 26 announcement revealed a plan to create a subsidiary named “Fsas Technologies Inc.” which will take charge of the development, manufacturing, sale and maintenance of its PRIMERGY and PRIMEQUEST servers, as well as the range of ETERNUS storage.

Fujitsu’s business PCs will also be acquired by the new entity, as will its networking products and services.

The new company will begin operations on April 1, 2024.

The decision was explained as reflecting the need “to establish a framework for overall management and resource allocation at all stages of this activity”. Fujitsu has recently focused on its “Uvance” services business.

Interestingly, Fsas will not attack Fujitsu’s mainframe or Unix server businesses.

In August 2023, Fujitsu announced that it would exit the PC business in Europe, effective April 1, 2024.

Samsung delays start of US factory

Samsung Electronics has reportedly delayed the start of production at one of the semiconductor manufacturing plants it is building in the US state of Arizona.

A Seoul Economic Daily A December 26 report claimed that the facility’s planned start-up in the second half of 2024 had been pushed back to early 2025, due to “issues such as U.S. government grants and various licensing issues.”

Samsung’s concerns that buyers for the factory’s products – 3nm and 4nm processors – might be scarce due to global economic conditions may also have influenced its decision.

Micron settles with Chinese DRAM maker

US memory maker Micron has reportedly settled an intellectual property dispute with Chinese rival Fujian Jinhua Integrated Circuit Co.

Bloomberg a Micron spokesperson was quoted as saying, “Both companies will each comprehensively dismiss their claims against the other and terminate all lawsuits between them.” » Chinese state media also reported the news.

The conflict between the two companies began in 2018.

The settlement does not appear to be related to China’s ban on the sale of Micron products to certain local entities. China has claimed Micron’s products pose a national security concern, but Micron told investors it was awaiting details of the charge. Micron announced its latest earnings report last week without offering additional details on the matter.

Japan’s Moonshot on track

On Christmas Day, the Japan Space Exploration Agency announced that its Smart Lander for Investigating Moon (SLIM) mission had reached lunar orbit.

SLIM will choose its own landing location using technology that will hopefully improve the chances of successful landings for future lunar and planetary missions. It also carries a pair of small rovers.

The craft is expected to land on January 20. ®

Gn En bus

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