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Former Co-Owner of Russia's Baikal Microelectronics Goes Bankrupt:
T-Platforms, a Russian company that once planned to build an exascale supercomputer and homegrown CPUs, was declared bankrupt this week as the cost of the company's assets was lower than its obligations. T-Platforms was one of a few companies in Russia that could build world-class high-performance supercomputers. The main reasons for the bankruptcy are not sanctions by Western countries but rather Russia's attempt to replace Western technologies with its own.
T-Platforms was established in 2002 to build servers and supercomputers that would be competitive against offerings from the likes of IBM and HP. Over the years, T-Platforms developed some of Russia's highest-performing supercomputers based on AMD Opteron, Intel Xeon, and Nvidia Tesla processors. For example, the company's Lomonosov supercomputer, based on 33,072 CPUs, was ranked the No. 18 most potent machine in the world and the No. 3 supercomputer in Europe.
[...] Baikal Microelectronics secured government subsidies to speed up the development of homebrew processors and servers. However, while Baikal Microelectronics has managed to design several Arm and MIPS-based processors, whereas T-Platforms started to sell some of its new servers in Russia, they failed to deliver their products on time. As a result, the Russian Ministry of Trade sued Baikal in 2019. Meanwhile, the chief executive officer of T-Platforms was arrested in March 2019 as his company failed to deliver about 9,000 Baikal-based PCs to the Ministry of Internal Affairs. It is when the company started to fire personnel and fold its operations.
(Score: 2) by FatPhil on Thursday October 06 2022, @08:15AM (1 child)
The funny thing about this on-paper-seems-appropriate reaction to a failure to deliver on a contract - isn't a great incentivisation towards growing your business. The only people who will be bidding for contracts will be ones who are so big that they've already got their claws in the corrupt government (a.k.a. "too big to fail" in other countries). And they're just as likely to be late, they'll just be big enough to get away with it. So this doesn't solve the late delivery problem, all it does is exascerbate the corporate-government corruption problem.
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 0) by Anonymous Coward on Friday October 07 2022, @02:17PM
Interesting. First verbalize a noun:
incentive -> incentivise
Then nounify it back:
iincentivise -> ncentivisation
Where can I learn to do this?