It might not rival the twisted machinations of "Succession," but tech companies this week were busy moving people and resources around to gain market share for the second half of the year.
In our top story for the week, Executive Editor Dan Meyer explores the revolving door that Dish Network's C-suite has become as the company sheds yet another exec. In stories 4 and 5, Honeywell acquires the startup SCADAfence to improve its OT security portfolio, and an asset management firm is buying into the security business.
In other top news, our second highest-read story (also written by Meyer) analyzes how access to millimeter-wave (mmWave) spectrum resources might help 5G and 6G. This is especially interesting, given that Dan Hays, from PwC, is quoted as saying, "Millimeter wave has arguably gone down as one of the greatest failures in the wireless world in recent memory." Now that's dramatic!
Without further ado, we present the finest tech industry drama with this week's top 5 stories.
1. Dish Network continues to bleed 5G executivesDish Network is set to lose another executive, with the latest exodus coming from its wireless network executive ranks. The changes come on the heels of a broader push by the company to slash spending for the build-out of its open radio access network (RAN)-based 5G network.
This move comes just weeks after Dish Network COO Narayan Iyengar abruptly resigned. Iyengar had been with the company for just 17 months. Dish Network earlier this year lost Stephen Bye, who had been its EVP and CMO and joined the company in late 2019.
2. What role will mmWave spectrum have in 5G and 6G?U.S. wireless operators are set to receive access to new millimeter-wave (mmWave) spectrum resources in the 42 GHz band that could help boost 5G and potentially 6G network deployments, especially in more limited geographic settings like in-building and private networks. However, propagation challenges could continue to be an issue.
3. Hardware and chip makers scramble to meet AI demands“[Artificial intelligence/machine learning] involves substantial computational power, data storage and other related tasks,” said Yale Fox, member of the Institute of Electrical and Electronics Engineers (IEEE). “Furthermore, consumer demand for products leveraging AI technology is growing at an exponential rate.”
Indeed, the global AI market is forecasted to grow to an astounding $390.9 billion by 2025, representing a CAGR of 55.6%. In tandem, the generative AI market is set to hit $51.8 billion by 2028, representing a CAGR of nearly 36% from 2023 ($11.3 billion).
4. Honeywell acquires SCADAfence, eyes $10B operational technology security marketHoneywell is acquiring SCADAfence, an operational technology (OT) and internet of things (IoT) security startup, in a move to enhance its Forge Cybersecurity+ suite and OT security portfolio.
The combination aims to enable Honeywell to provide an end-to-end enterprise OT security solution to site managers, operations management and CISOs who look for security management and situational awareness, the tech company claims.
5. TPG scoops up Forcepoint’s government business for $2.45BAsset management firm TPG struck a $2.45 billion deal to acquire security company Forcepoint‘s Global Governments and Critical Infrastructure (G2CI) business from Francisco Partners. The G2CI unit offers solutions for remote workers, zero-trust, cloud app, networking, insider threat, critical infrastructure security and resilience.
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