A little while back, I argued that Apple (NASDAQ: AAPL) made the right decision to bet on Taiwan Semiconductor Manufacturing Company (NYSE: TSM) for the manufacture of its A10 Fusion and A11 Bionic chips, rather than on chip maker Intel (NASDAQ: INTC) .Despite Intel's continued protestations that it has a significant technology leadership position against the rest of the industry, the truth is that the production ramps of its latest technologies have proven, to say the least, highly problematic.Image source: Intel.This is, perhaps, best illustrated by the continued delays in Intel's upcoming 10nm technology. In late 2013, Intel CEO Brian Krzanich told investors to expect 10nm to be production-ready by the end of 2015.Intel recently said it will b...
Google has bought part of Taiwanese technology company HTC in an effort to further expand its smartphone business.The Silicon Valley tech giant announced that it is spending $ 1.1bn (£820m) to acquire the team that developed its Pixel smartphone, released in 2016.About 2,000 employees, which represent half of HTC's existing smartphone development workforce, will move to Google as a result of the acquisition.The deal is a cash transaction and won't see Google take a stake in HTC, as had been speculated earlier in the week.Image:Google has previously outsourced the development of its Pixel smartphone range to HTCShares in HTC were suspended on Wednesday as rumours of an all-out buyout deal by Google's parent company Alphabet abounded.Google has been pushing its new Pixel phone as an increasi
A friend of Gulliver’s recently received some devastating news, in the form of a change to company policy. No longer would he and his co-workers be able to book their own flights and file for reimbursements. Instead, the firm would buy all employees’ plane tickets from the start.On the face of it, this is a convenient change. It saves staff time by ensuring that they do not have to fill in tedious expense forms. But many business travellers may not see it that way. A study from Phocuswright, a travel-research firm, finds that more and more employees are booking their own travel and filing for reimbursements. Sometimes doing so allows for a better itinerary: travellers can avoid annoying layovers and airlines for which they reserve particular ire. Sometimes, if they are feeling generous tow
Britain's top business groups will be excluded from a new round of talks scheduled to take place next week between private sector bosses and David Davis, the Brexit Secretary.Sky News has learnt that the British Chambers of Commerce, CBI, Federation of Small Businesses and Institute of Directors have not been invited to a meeting at Chevening next Friday.The exclusion of the business groups has raised eyebrows among some executives, who are particularly concerned that the consequences of Brexit for smaller businesses will not feature on the agenda.Sources said that executives from companies such as Aviva, Barclays, Burberry and EY had been invited to the summit with Mr Davis.Video:IoD wants 'more regular' Brexit talksAll four of the major business groups, along with the EEF, which rep
Managers of actively run funds can't seem to get a break these days, and that includes closed ones.With the rise of passive investing, their business model and sales pitch for active management have come under seemingly constant attack. The latest domino: funds that had previously been closed to new investors. These funds — often run by prominent managers — have seen outflows on par with open active funds. It's leading them to reopen their gates once again. For some out there, this gives an opportunity to buy.In a closed fund, the managers have decided not to accept new investors. This typically means that the popularity of a manager or a fund grew due to outstanding performance, leading investors to clamor. Once the assets under management become too large, the managers can't safely deplo