His first company became the world’s largest maker of personal computers. Now Michael Dell says he is building a broader technology firm with similar ambitions.
Dell Technologies is the result of the private buyout of the original Dell computer firm, bolstered by the massive US$67 billion deal for computer storage firm EMC and other software and services acquisitions.
Interviewed on Monday at the Fortune Brainstorm Tech conference in Aspen, Colorado, Dell said the private model allows his firm to take a longer-term focus to grow the company.
Photo: AFP
“Right at the moment we went private, we started gaining [market] share,” Dell said.
“We shifted our focus for more three-year, five-year, 10-year [plans], we invested heavily in R&D and innovations … we stopped thinking about the short term as much,” he said.
Dell described the new firm — which some refer to as Dell 2.0 — as “the essential infrastructure company” for information technology which can offer an array of business services and products.
The new Dell includes EMC, which was the world’s largest computer storage firm, as well as cloud computing unit VMware and a stake in the software group Pivotal.
While Dell declined to name his main competitors, he said that “none of them have the unique set of capabilities or the breadth that we have now.”
He said that Dell Technologies can be a key player in a variety of sectors because of its strengths across the board — in data, software and hardware.
Asked about artificial intelligence competitors, Dell said: “When you have no data to put in AI, it doesn’t do anything. Then you need the computing devices.”
The new Dell won regulatory approval last year for the record buyout of EMC, accelerating its move into the cloud and mobile computing market.
In 1984, Dell founded the personal computing maker, which struggled amid a shift into smartphones and tablets.
He won the backing in 2013 of private-equity firm Silver Lake Partners to buy out other shareholders to take the company private.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
Hypermarket chain Carrefour Taiwan and upscale supermarket chain Mia C’bon on Saturday announced the suspension of their partnership with Jkopay Co (街口支付), one of Taiwan’s largest digital payment providers, amid a lawsuit involving its parent company. Carrefour and Mia C’bon said they would notify customers once Jkopay services are reinstated. The two retailers joined an array of other firms in suspending their partnerships with Jkopay. On Friday night, popular beverage chain TP Tea (茶湯會) also suspended its use of the platform, urging customers to opt for alternative payment methods. Another drinks brand, Guiji (龜記), on Friday said that it is up to individual
STABLE RESULTS: Despite June’s lower consolidated revenue, second-quarter sales still reached a record high, driven by demand for chips for AI applications Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported consolidated sales of NT$263.71 billion (US$9.02 billion) for last month, its second-lowest monthly result this year. The world’s largest contract chipmaker said in a statement that its revenue last month only fared better than the NT$260.01 billion posted in February. Last month’s figure rose 26.9 percent from a year earlier, but slumped 17.7 percent from May, the company said. However, second-quarter revenue reached NT$933.8 billion, a record high for a single quarter, company data showed. The figure represented growth of 11.26 percent from the first quarter and 38.6 percent from a year earlier. Previously, TSMC said that
RSS