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Home Blog Page 5689

The Wisdom from the Future King

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I visited a family member who lived in a flat within his property in Ikenegbu Layout Owerri.  The man who would later become the king of Owerri asked me: “Ndubuisi, how are you doing with studies in FUTO?”.

I responded: “Sir,  Abacha is causing problems in Nigeria. He is making things very hard”.

Immediately, he quickly corrected me: “Ndubuisi, your Abacha now is FUTO and you need to do well, graduate with good grades, etc. Leave Abacha for us”.

That conversation remains evergreen. Yes, one needs to know what his “real problems are” and works to deal with them. That Jeff Bezos wants to go to space is not my problem today. And I do expect many young people spending all hours on Buhari and Abuja to modulate. 

If you are in school, your “Buhari” today is making sure you do well and graduate. Buhari should not consume all your time. Do not make other people’s problems magically become yours. Find ways to remain focused and do not be distracted by issues you truly have no power to fix. Sure, you need to be aware of the issues, but understand what really matters.

This is not to say that young people should not pursue causes and activism. But the key thing here is this: understand when you can make impacts.

Comment On LinkedIn Feed

Comment: “Wise words sir. Put most of your effort on things you can directly influence. Its a lifetime principle that is applicable in almost anything in life. /As a health coach, I help people to understand that there are things you cannot control, your age, sex, genetics, medical facilities, sometimes environment, nations economy.. However, there are things you can do now that will directly impact your health positively. You can choose to have a quality sleep, take a walk and eat healthy to improve your health.” by B.F…. the above conveyed my message better. 

Comment: It matters because decisions Buhari is making is affecting their stay in school. Unpaid lecturers stay away from classes and students suffer for it. Endless strikes . Low budget for education . Graduate unemployment after spending years graduating. Unsafe environment, whether on Campus or out of campus. Bandits now enter colleges and universities and cart away children in broad daylight and you , Prof, is saying students and the youth should not bother ?

We have a very indolent, incompetent, insensitive and uncaring leadership. Who only murder harmless protesting youths and you say their book is their Buhari. Let government create a conducive learning environment for our students and their only competition would be Chinese and Asian students !!

How can an average student in Nigeria today, not consider Buhari a problem . With spiralling inflation, economic mismanagement and unpaid salaries etc , what is the guarantee that their school fees would be paid in the future ?

Every youth and every Nigerian university or college student should be concerned about Buhari and should speak out. While studying and not engaging in miscreancy or mischief.

Response: Like I said, no one said you cannot leave school and relocate to fight bandits in Kaduna. My point is this: in anything in life, understand what your powers are and where you can make impacts. If you life is about what Abuja does and you leave the ones you can influence and affect, you may not be optimizing time. As I noted in the full piece, everything is asking for our attention but ask yourself where you can have the most influence.  Where can you have the most impact – and what is that? And not where you can make most noise even though it adds no value.

Comment: ” Do not make other people’s problems magically become yours””.

It is very easy to make that statement if you are currently living outside Nigeria. I think it is trite to suggest that s student should relocate to go fight bandits in Kaduna. They don’t have to relocate. The students in Kaduna are very concerned . Unless you are not looking at the total picture.

We agree that students should focus on their studies and not use current problems as an excuse for indolence or mischief.

Every one is making their positive impact in their little comers. Especially the youths. You can be very sure of that.

My Response: ” Do not make other people’s problems magically become yours”” – that is English. It depends on how you read. Those who read on themes understand. I am not saying that if you see a kid riding a bike and who falls down that you cannot help him. Read this piece with a big picture; you are reading the words and not seeing the big theme.

Tiger Global and SoftBank Combine To Blitz The World – Nigeria Needs That DNA

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These two companies – Softbank and Tiger Global – are bold, and are increasingly peerless on their radical massive capital injection, without certainty, towards accelerating growth in digital companies. Great things happen when both combine: “The British fintech firm Revolut has raised $800 million in a new round that values it at a whopping $33 billion, or six times its valuation last year. Revolut is now Europe’s second-biggest fintech unicorn after Klarna, and the biggest in the U.K. The latest round was led by SoftBank and Tiger Global”, notes Fortune.

The new money will be used to fund London-based Revolut’s expansion into new products and markets including the U.S. and India, according to a statement Thursday.

The funding increases Revolut’s valuation six-fold from a fundraising round in 2020 and makes Revolut the U.K.’s most valuable startup, surpassing Checkout.com’s $15 billion mark.

  • British fintech firm Revolut said it has raised $800 million in a new funding round led by SoftBank and Tiger Global.
  • The round values Revolut at $33 billion, a sixfold increase on the $5.5 billion the company was worth last year.
  • Fintech start-ups have been on a funding spree lately, raising a record $33.7 billion in the second quarter of 2021.

Africa needs a firm with DNA like that of SoftBank and Tiger Global. Tell me something: I admire SoftBank and Tiger Global because they blitz, a defensive strategy in American football which pushes all available players against an offense (the quarterback) at a high risk, high reward play. If they miss it, they will likely get beaten by a touchdown but if they succeed, they freeze the offense.

Africa needs that playbook.

Xiaomi Dethrones Apple, Becomes the Second-largest Smartphone Maker

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Chinese smartphone maker Xiaomi was the second-largest smartphone maker in the second quarter, overtaking Apple, according to a report from analyst firm Canalys.

Samsung was the leading vendor with a 19% share of smartphones shipped. Apple was third with 14%, while Vivo and Oppo took the fourth and fifth positions respectively.

Xiaomi had a 17% share of global smartphone shipments, ahead of Apple’s 14% and behind Samsung’s 19%. Oppo and Vivo share 10%.

“Xiaomi is growing its overseas business rapidly,” Canalys Research Manager Ben Stanton said in a press release, noting shipments increased 300% year-on-year in Latin America and 50% in Western Europe.

The Chinese smartphone maker posted year-on-year smartphone shipment growth of 83% versus 15% for Samsung and 1% for Apple.

Stanton noted, however, that Xiaomi phones are still skewed toward the mass market with the average selling price of its handsets 75% cheaper than Apple’s.

But the Beijing-headquartered company is now looking to push into the high-end market. Earlier this year it launched the Mi 11 Ultra, a premium smartphone that starts at 5,999 yuan ($928). It also launched the 9,999 yuan Mi Mix Fold, its first foldable phone.

That price range pits Xiaomi against Apple and Samsung in the premium segment. But its domestic rivals Oppo and Vivo are also trying to break through into the high-end market.

“It will be a tough battle, with Oppo and Vivo sharing the same objective, and both willing to spend big on above-the-line marketing to build their brands in a way that Xiaomi is not,” Stanton said.

“All vendors are fighting hard to secure component supply amid global shortages, but Xiaomi already has its sights set on the next prize: displacing Samsung to become the world’s largest vendor.”

Xiaomi has benefitted from Huawei’s struggles. Huawei was once the largest smartphone player in the world, but U.S. sanctions cut the Chinese company off from critical supplies including software and chips, causing its sales to plunge.

While smartphones still account for the majority of Xiaomi’s revenue, it is looking to get into new business areas. In March, the technology firm announced plans to launch an electric vehicle business and invest $10 billion over the next 10 years.

Apple being pushed behind Samsung and now Xiaomi signals potential regression to fourth position for the American company.

Global chip shortage has seriously impacted the tech industry, cutting production capacity of many companies including smartphone makers. Stanton noted that “all vendors are fighting hard to secure component supply amid global shortages.”

While Apple is now developing its own chips, which seemingly gives it an advantage over its competitors, Xiaomi is increasingly winning more market shares with cheaper devices and aims to dethrone Samsung soon.

“Xiaomi already has its sights set on the next price: displacing Samsung to become the world’s largest vendor,” Stanton said.

Xiaomi’s growth is also attributed to the quick recovery of China’s economy from the shocks of COVID-19 pandemic. With almost every of China’s economic sectors fully open, the smartphone maker has a huge buoyant market to cash in on.

Why Intel Needs To Acquire GlobalFoundries

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Signage at the entrance to Intel headquarters in Santa Clara, California, U.S., on Wednesday, Jan. 20, 2021. Investors want to know if the world's largest chipmaker will outsource more production when Intel Corp. reports results Thursday. Photographer: David Paul Morris/Bloomberg via Getty Images

Intel Corp was legendary for decades as it pursued its strategy of designing microprocessors and manufacturing them in-house, with no space for allowing others to use its manufacturing facilities. That integration served well and Intel became the category-king, winning over competitors like AMD. But Intel has faced a double whammy: losing the edge on design to Nvidia (and Qualcomm, AMD, etc) on GPU and mobile chipsets, and lagging on manufacturing to TSMC and Samsung.  There was a frontal attack from TSMC when its contract chip making was bent to disintermediate Intel.

Today, anyone with access to a credit card can design chips and send them to TSMC to fabricate (yes, TSMC is the equivalent of Amazon Web Services (AWS) of chipmaking; AWS is a leader in public cloud computing). Intel’s  moat on manufacturing has been challenged and its  castle lays bay. The ability to fabricate  via TSMC without investing in foundries is a new level of disruption for Intel.

The Business Model of Today

In our contemporary technology business world, one business model has emerged to become very dominant: aggregation construct. Indeed, if you check the top 20 technology companies in the world, more than 80% run an element of aggregation construct. So, when the news flew that Intel was planning to acquire GlobalFoundries, a contract  semiconductor manufacturer, for $30 billion, I felt it was the right playbook. (GlobalFoundries has noted that Intel did not speak with it for an acquisition.)

Intel may buy an unsuspecting chipmaker. The rumor mill is churning that Intel is considering a deal to buy semiconductor manufacturer GlobalFoundries, valuing the company at $30 billion. When reached by the Wall Street Journal for comment, a spokesperson for GlobalFoundries said they weren’t in discussions with Intel at all. If the deal were to happen it could have huge impact on the industry; the manufacturer is one of the biggest suppliers for AMD, Intel’s biggest competitor. (Fortune newsletter)

That aside, Intel picking GlobalFoundries would have been a good move. The reason is this: Intel has continued to lag behind on the global chip manufacturing business. Samsung has some of the most advanced foundries in the world, serving its ace enemies like Apple. TSMC fabs for some of the finest chip designers in the world in an open contract-model. The implication is this: their foundries are always busy because they do not just rely on getting internal hits, unlike Intel which kept all inside, making asset utilization challenging in cases where their brands are not moving well. 

So, for TSMC, for example, it has a statistical advantage that by servicing hundreds of customers, one of those will have great products that will give it confidence to keep investing in its foundries. That virtuoso circle has enabled it to accelerate and to a large extent that it is now better than Intel foundries.

With GlobalFoundries as part of Intel, Intel can provide a huge challenge to TSMC, running the same contract business it does while making sure that it can modernize its foundries and support its product lines. Yet, there is also a challenge: not many companies will like to send their designs to GlobalFoundries knowing that it will be both a designer and a fab provider under Intel since IPs can leak or be stolen.

But I do think since Samsung makes chips for Apple, Intel can handle those concerns easily. In the industry, I worked on many chip fabrications, and it was night and day at the foundry, making sure IPs are not violated.

So, Intel needs to be a fabrication aggregator to have the capacity to bring in resources to actually help it build products of the future with the right process technologies. Working with others is a strategic thing today and I recommend Intel to pursue the purchase of GlobalFoundries.

Block Production in Nigerian Building Industry in an Era of Construction Analytics

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One of the key materials for building construction and other structure is block. It is significant to the extent that stakeholders who understand the failure of having durable blocks don’t leave any stone unturned in ensuring availability and use of quality blocks. However, in recent times, it seems that prospective homeowners and developers complain about the rising cost of cement and other finishing materials than quality of blocks across the country.

According to builders and structural engineers who spoke with our analyst, there are a number of tests which need to be carried out at the production and finishing stages of block manufacturing before it could be used. Out of these tests, water absorption and compressive strength tests are essential. To the Nigerian Industrial Standards, carrying out compressive strength test requires deployment of a compressive strength testing machine, which is not readily available in most cities and towns where blocks are being produced daily.

With the non-availability of the machine and others, our sources note that having resilient cities and towns would remain elusive in the country if urgent steps are not taken by the concerned stakeholders. Our analyst had earlier analysed the factors and implications of building collapse in Ibadan, Lagos, Kano and other places. From Abuja to Ota and Umuahia, our checks reveal low compressive strength of blocks. The story is not different in Ilorin, Idah, Osogbo, Ilesha, Ibadan, Ogbomosho, Aramoko, and Ado-Ekiti. In Owerri, in addition to low compressive strength, water absorption rate is also at the lowest ebb of the required standard.

Exhibit 1: Average Compressive Strength Test in select States

Source: Multiple Academics, 2021; Infoprations Analysis, 2021

Over the years, academics have been providing solutions to the non-compliance to the requirements of the NIS and the Standards Organisation of Nigeria. These ranges from having strict compliance monitoring by the concerned regulatory agencies to prosecution of block manufacturers that supplied blocks to homeowners and developers. Manufacturers have also been advised and still being informed of the essence of producing quality blocks. The advice has been mainly hinged on the importance of embracing best practices and processes while making their blocks. For instance, inappropriate mix ratio and method of curing have largely been linked with the poor quality of blocks. Hence, the need for constant upskilling and reskilling of production crew.

Recently, the Standards Organisation of Nigeria noted that manufacturers test all required quality parameters of sandcrete blocks at its laboratory located in Ikeja. According to our analyst, this is laudable and came at a time the stakeholders are clamouring for resilient cities and towns towards sustainable habitation. In addition to this, our analyst expects the agency and others to shift towards deployment of construction analytics, which has been helping prospective homeowners and developers in developed countries to understand the quality of building materials over the years. Using the analytics requires that the agencies collaborate with companies that have the capabilities of creating and sustaining construction analytics architecture and system across the country.