Strategy in TECH...
Multiple sources are reporting that last week, Resideo Technologies’ company ADI unexpectedly executed layoffs of what they believe to be large numbers of employees, potentially in the hundreds. Many, if not most, of these layoffs are said to be centered on ADI’s Control4 unit legacy employees.
Sony Group recently announced it is forming a co-development partnership with chip manufacturing giant Taiwan Semiconductor Manufacturing Company (TSMC) to create what it calls the next generation of AI image sensors. In announcing the partnership, the company revealed that, with these next-level AI sensors, it is targeting the advanced robotics and automotive segments.
Word came out this week that Samsung Electronics and its union members have reached a deal that staves off a threatened strike that could have had a global impact. Samsung is the world’s largest manufacturer of memory chips, and as the chip manufacturing employees’ contract was up for renewal, negotiations were challenging. However, with 90 minutes left before the strike deadline, the parties reached an agreement that includes a bonus that will average $340,000 per employee in the chip manufacturing division.
Resideo Technologies, Inc. (NYSE: REZI), predominantly a security and safety products company with two major divisions, including Products and Solutions (manufacturing) and ADI (distribution), announced the financial results for its first quarter of fiscal 2026 this week. The company reported that revenues beat previously forecasted guidance, and adjusted earnings grew as well.
And yet the market reacted strongly, with the value of Resideo’s stock crashing almost 18% on the day after it released its results. Read on to see why the stock declined.
Sound United, now part of Harman, which itself is part of Samsung, announced on Thursday that it is launching the next generation of the well-regarded Denon X-Series AV receivers – the AVR-X2900H and the AVR-X3900H. The company says these models are targeted at the advanced AV enthusiast who wishes to push their systems to higher performance levels, as well as the custom integration community who seek products with advanced calibration options, flexible configuration capabilities, and deeper control.
JL Audio, part of Garmin, Ltd, has announced the launch of an interesting new audio system known as Primacy. With Primacy, JL Audio says it has redefined and expanded the high-performance audio market to a wider potential base of customers. What did they change to address this wider market?
On Monday this week, Apple, Inc. (Nasdaq: AAPL) confirmed what had been widely rumored: CEO Tim Cook would retire from the company. Cook, who is 65 years old, will leave his role as CEO in September and move into a new position as Executive Chairman of the Apple Board of Directors.
The impact of this development is significant and is likely to echo throughout the entire technology industry. Let’s contemplate that a little…shall we?
Bowers & Wilkins (B&W), part of the Sound United group, which was recently acquired by Harman (which itself is part of Samsung), announced today the expansion of its popular Px8 S2 over-ear headphone model by launching two new premium finishes. The Px8 S2 features a luxurious Nappa leather trim along with complementary aluminum detailing that all looks great in the new Midnight Blue and Pearl Blue finishes.
Netgear announced that it has received conditional approval on its routers from the Federal Communications Commission (FCC). This approval from regulators, the company says, means that dealers and consumers can rest assured that it is safe to buy, sell, and use Netgear routers which are now exempt from the recently announced ban on foreign-made routers by the U.S. government.
Who else has received FCC conditional approval?
Sound United brand Denon, now part of Harman International Industries, Inc., which itself is part of Samsung Electronics, has launched a new audio/video receiver (AVR) called the AVR-S980H that seeks to deliver an uncommon blend of audio excellence with simple, intuitive setup, and ease-of-use, along with flexibility and configurability to meet the varied needs of today’s consumers. The announcement sets a high bar, but the features and specs of the new Denon AVR-S980H suggest it clears that bar with ease.
