Your Tech Story

Tech News

HP

University Friendship That Changed The World of Technology

The Story of Bill Hewlett and Dave Packard
The amazing partnership between Bill Hewlett and Dave Packard is a story that reshaped the technological landscape and laid the foundation for what we now call Silicon Valley. These two innovators not only built a multibillion-dollar company from scratch but also created a lasting legacy that still influences the technology industry. Their whole journey was filled with ingenuity, collaboration, and a dedication to innovation that continues to inspire entrepreneurs around the world.

The Birth of a Friendship That Changed Technology
The roots of the Hewlett-Packard (HP) story began in the 1930s when Bill Hewlett and Dave Packard met at Stanford University as classmates. Despite their different backgrounds and personalities, they shared a love for engineering and a passion for innovation. Their mutual respect and admiration blossomed into a friendship that would ultimately drive them to build one of the most successful technology companies in the world.

Their bond was nurtured at university, where they were mentored by the ingenious electrical engineering professor Frederick Terman. Terman’s guidance and belief in the potential of young innovators provided the spark that would lead to the founding of Hewlett-Packard.

The Early Years of Bill Hewlett and Dave Packard
Bill Hewlett was born in Ann Arbor, Michigan, in 1913. His family later moved to San Francisco, where he developed an interest in engineering and electronics. After attending Stanford University, Hewlett earned his master’s degree in engineering from MIT. His academic prowess and passion for problem-solving made him the technical genius behind HP’s early innovations.

On the other hand, Dave Packard was born in Pueblo, Colorado, in 1912. Unlike Hewlett, Packard’s interest in engineering stemmed from a more practical, hands-on approach. He attended Stanford on a scholarship and quickly established himself as a sharp-minded leader with a natural ability to steer projects towards success. While Hewlett focused on the technical side of their partnership, Packard excelled in the business aspects.

How Stanford University Played a Role in Their Success
Stanford played a pivotal role in shaping Hewlett and Packard’s future. Their professor, Frederick Terman, is often credited as the “father of Silicon Valley” for his role in encouraging students like Hewlett and Packard to start their own companies. Terman fostered an environment that blended academia with entrepreneurship, urging his students to take their theoretical knowledge and apply it to practical problems.

Under Terman’s mentorship, Hewlett and Packard began working on various projects during their time at Stanford. These collaborations not only strengthened their friendship but also provided the groundwork for what would eventually become HP.

The Garage Startup That Sparked a Revolution
In 1938, Bill Hewlett and Dave Packard made the decision to formalize their partnership, and with $538 in capital, they set up shop in a small garage in Palo Alto, California. This garage, often hailed as the birthplace of Silicon Valley, became the headquarters for their budding enterprise. While garages have become the symbol of tech startups, it’s worth noting that Hewlett and Packard’s decision to start in such humble surroundings reflected their resourcefulness and commitment to bootstrapping their dream.

Their first product was a precision audio oscillator, an innovative device that generated high-quality audio frequencies at a fraction of the cost of competing models. This invention put HP on the map and attracted their first major client—none other than Walt Disney Studios. Disney used HP’s oscillators to improve the sound systems for the movie Fantasia, showcasing the early commercial success and real-world application of Hewlett and Packard’s ingenuity.

The Creation of Hewlett-Packard (HP)
Officially founded in 1939, HP began as a modest company with Bill Hewlett and Dave Packard at the helm. They decided on the name “Hewlett-Packard” through a coin toss—a friendly gesture that underscored the equality and mutual respect between the two founders. From the very beginning, they emphasized collaboration, with a shared vision of making technology more accessible and useful for businesses and consumers.

Hewlett and Packard’s guiding principle was simple: make a contribution, rather than chase profits. This ethos shaped the company’s early product development, and it was one of the reasons HP maintained its reputation for high-quality products and cutting-edge technology for decades.

HP’s First Product: A Game-Changer in Audio Technology
HP’s first commercially successful product, the HP 200A audio oscillator, revolutionized the audio technology industry. It was not only innovative in design but also significantly cheaper to produce than existing models. The success of the 200A was a pivotal moment in HP’s history, as it caught the attention of big players like Walt Disney, marking HP’s entry into the mainstream technology market.

Disney’s adoption of HP’s oscillators for sound design in the production of Fantasia gave the fledgling company a major boost. This early success was a testament to the technical brilliance of Hewlett, combined with Packard’s ability to identify and market their innovations effectively.

FAQs
How did Bill Hewlett and Dave Packard meet?
They met at Stanford University while studying under the influential professor Frederick Terman, who encouraged them to start their own company.

What was HP’s first major product?
Their first major product was the HP 200A audio oscillator, used by Walt Disney Studios for the movie Fantasia.

What was the “HP Way”?
The “HP Way” was the company’s management philosophy that emphasized respect for employees, innovation, and long-term sustainability over short-term profit.

How did WWII impact HP’s growth?
World War II brought military contracts to HP, as their technology was used in radio and radar systems, significantly boosting their production and reputation.

What role did Dave Packard play in HP’s success?
Dave Packard’s leadership in business strategy, marketing, and organizational growth was instrumental in guiding HP to success while Hewlett focused on technical innovation.

Why is the HP garage so famous?
The HP garage is considered the birthplace of Silicon Valley, symbolizing innovation, entrepreneurship, and the power of starting small to achieve great things.

Samsung Faces Heavy Fines Over Worker Radiation Exposure Scandal

Samsung Faces Heavy Fines Over Workers Radiation Exposure Scandal

One of the biggest businesses in South Korea, Samsung Electronics, is being fined after a safety lapse at its semiconductor plant exposed employees to dangerous radiation levels.  Two employees of the Giheung facility were working on normal maintenance of silicon wafer analysis equipment in May 2023. This facility is located about 40 kilometres south of Seoul. There they were exposed to radiation levels. These Levels were significantly higher than the annual safety limit.

Safety Device Failure

Samsung Faces Heavy Fines Over Worker Radiation Exposure Scandal

Image Source: koreabizwire.com

Nuclear Safety and Security Commission (NSSC) investigations in South Korea found that the exposure was brought on by a malfunctioning safety system that was intended to automatically turn off radiation when equipment doors were opened. The malfunction was ascribed to the incompetence of Samsung’s radiation safety staff, who neglected to verify that the apparatus was operating as intended. Due to this error, both employees had to be hospitalised for radiation exposure, specifically to their fingers, which manifested strange symptoms.

Regulation-Implied Penalties

After conducting a comprehensive investigation, the NSSC fined Samsung up to 10.5 million won (about US$7,900 or RM32,716) for the safety infractions. Two further regulatory violations came to light throughout the examination. They might also result in additional sanctions. Even while the fee is a small monetary penalty for a company the size of Samsung, it emphasizes how crucial it is to follow nuclear safety regulations.

Samsung's Reaction and Steps

Samsung responded to the event. It pledged complete cooperation with the investigation as well as well, extending support. This support includes medical care and rehabilitation aid, to the impacted personnel. In order to avert mishaps in the future, the corporation has also promised to enhance safety protocols. Samsung stressed in a public statement how committed it is to protecting worker safety. So, It will be averting such mishaps in the future.

Additional Safety Risks

The incident involving radiation exposure is just one more of a string of safety problems that have been affecting Samsung’s manufacturing facilities lately. These include toxic chemical mismanagement at its Vietnam plant and a lawsuit brought by a Texas employee, which raises questions about the organisation’s workplace safety procedures.

Capmont Technology Raises €100 Million Fund to Back B2B Startups in Europe

Venture capital firm Capmont Technology, situated in Munich, has declared the closing of a €100 million fund intended to support early-stage B2B technology firms in the US and Europe. The company was formerly known as DI Technology. It has been making investments since 2016 with an emphasis on business SaaS, industrial technology, as well as cutting-edge industries like manufacturing, robotics, and the Internet of Things.

Investing Concentration

Image Source: eu-startups.com

The new fund from Capmont Technology focuses on businesses with demonstrated traction and client demand that are in the late seed to series B stages. The company had an average investment size of €2 to €5 million. This gives hope to the company that it would be able to provide services to around 15–16 companies with this new fund. Additionally, in order to guarantee ongoing support for portfolio firms as they grow, the firm intends to set aside 40% of the fund for follow-on rounds.

Dr Torsten Kreindl, Managing Partner at Capmont Technology, said: “The start-up space is known for being extremely competitive, but it can also be hugely collaborative. Our aim is to offer founders an unmatched network, and we go above and beyond to help them succeed. Rather than deploying capital and hoping for the best, we commit to supporting entrepreneurs longer-term – whether that comes in the form of introducing them to decision-makers and potential customers, or another injection of funding when the time is right.”

tech.eu

Supporting AI and Industrial Technology

With this new fund, Capmont has already invested in seven companies, including the electronic design platform Celus and the AI-powered industrial production company Arch Systems. Due to its sizable industrial customer base, Capmont feels that applying AI to industrial processes is a major growth sector in Europe, which is why the company is especially interested in businesses in this field.

The Legacy and Portfolio of Capmont

Since its founding, Capmont Technology has raised €300 million to assist innovative businesses including ProGlove, an IoT company that Nordic Capital purchased in 2022, and Konux, which leverages AI to manage railway operations.

Capmont, which prioritizes high-impact, sustainable firms, uses its network of institutional investors and business leaders—particularly in the DACH region—to offer founders both financial support and strategic advice.

Zeal for Innovation

Dr Matthias Roth, Partner at Capmont Technology, added: “There are many exciting opportunities to invest in industrial technology applications that truly make an impact while generating superior returns for investors. That’s precisely what this fund focuses on. We’re eager to work with more founders who are fuelled by a strong economic equation where costs are balanced, resources optimised, and nothing is wasted – leading to maximum impact.”

tech.eu

Capmont is still looking for high-potential businesses, but its major goal is to propel profitability and innovation in the B2B and industrial technology sectors.

 
Google Wins Battle Against €1.5 Billion EU Fine for Ads Abuse

Google Wins Battle Against €1.5 Billion EU Fine for Ads Abuse

Google has got triumph in contested a €1.5 billion fine levied by the European Union (EU). It was because of engaging in anti-competitive conduct concerning online advertising. It marked a noteworthy judicial triumph. The 2019 fine was partially overturned by the General Court of the EU in Luxembourg and it sided with the tech giant. The penalty was first levied to prevent competitors like Microsoft and Yahoo from running advertisements on websites owned by third parties.

What Happened

Google Wins Battle Against €1.5 Billion EU Fine for Ads Abuse

Image Source: tech.hindustantimes.com

The European Commission concluded after looking into Google’s AdSense program that the company had exploited its dominance in the online ad brokerage market. There is evidence indicating that a period of time occurred between 2006 and 2016. It happened when Google’s contracts prevented rival search ads from showing up on websites which utilized Google’s search engine, giving the company an unfair competitive advantage.

But the Commission’s inquiry contained flaws, according to the court, especially in how it determined how long and how serious the violations were.

EU Commission Errors

The Commission’s conclusions were largely confirmed by the court, but it found errors in the assessment of the extent of the purported violations. Judges determined that the Commission had not provided sufficient evidence to establish that Google’s actions constituted a persistent and singular violation of EU antitrust laws. This ruling allows for more appeals and this could lead to the case being heard by the EU’s top court renowned as the Court of Justice.

Google's Reaction

Google said it was pleased with the court’s judgment, finding that it supported its stance and verified the errors in the initial probe. The business argued that, even before to the Commission’s decision, it had already amended its contracts in 2016 to remove the problematic language.

Ramifications for Large Technology

With its recent setback over a €2.4 billion fine for favouring its own services in search results, Google’s victory comes at a critical juncture. The case represents a turning point in the EU’s protracted attempts, led by antitrust chief Margrethe Vestager, to limit Big Tech’s dominance. Despite this win, Google’s ad technology division is still under regulatory examination in the US and the EU.

Blackstone Reportedly Considers $7 Billion Sale of Visa Firm VFS

Blackstone Reportedly Considers $7 Billion Sale of Visa Firm VFS

According to reports, Blackstone Inc. is considering selling the bulk of its shares in VFS Global. It is a provider of technological services and visa outsourcing, in response to demand from possible buyers. In order to evaluate the likelihood of a full or partial sale, the US-based alternative asset management has started preliminary conversations with advisors.

Potential Value of $7 Billion

Blackstone Reportedly Considers $7 Billion Sale of Visa Firm VFS

Image Source: bloomberg.com

VFS Global might be valued at around $7 billion in a possible transaction. Bringing in a minority investor is one strategy being considered to raise money and spur additional expansion. Sovereign Wealth Funds and other companies have expressed interest in the deal, but no decisions have been made yet, and Blackstone may eventually decide against it.

Initial Conversations

Blackstone hasn’t committed to a specific course yet, and these considerations are still in their early phases. The Kuoni and Hugentobler Foundation held a minority position in VFS Global. The business bought that from EQT AB in 2022.

International Business and Services

With its main offices in Dubai and Zurich, VFS Global is an expert in helping governments with the paperwork associated with applying for passports and visas. The company has completed around 141 million biometric enrollments. It also has processed over 294 million applications since its founding.

Blackstone’s silence over the possible sale raises questions about VFS Global’s ownership prospects. Should the agreement proceed, it may represent a noteworthy exchange in the worldwide technology outsourcing arena.

About Company

Global investment business Blackstone Inc. (Blackstone) focuses on alternative asset management. The company’s primary endeavours encompass safeguarding and augmenting capital for its stakeholders. It provides retirees and institutional investors with financial stability. These steps foster general economic expansion. Blackstone provides a wide array of investing techniques across a number of asset types, such as credit, real estate, hedge funds, and private equity. Additionally, it offers a range of insurance options. The options include risk transfer products, asset protection, and retirement security. The corporation operates throughout Asia Pacific, Europe, and North America. Blackstone’s US headquarters are located in New York City.

 
Amazon to Boost UK Economy with £8 Billion Investment, Expanding AWS

Amazon to Boost UK Economy with £8 Billion Investment, Expanding AWS

Amazon to Boost UK Economy with £8 Billion Investment, Expanding AWS

Image Source: investing.com

The cloud computing division of Amazon, known as Amazon Web Services (AWS), has declared a substantial investment of £8 billion ($10.45 billion) will be made in the UK over the next five years. By doing this, it plans to increase its nationwide data centre operations and strengthen the digital infrastructure of the United Kingdom.

“This £8 billion investment marks the start of the economic revival and shows Britain is a place to do business,” UK finance minister Rachel Reeves said in a statement.

“I am determined to go further so we can deliver on our mandate to create jobs, unlock investment and make every part of Britain better off.

“The hard work to fix the foundations of our economy has only just begun.”

fortune.com

Notable Contribution to the Economy

The investment is anticipated to increase the UK’s GDP by a total of $14 by 2028. It will illustrate the groundbreaking financial effect that AWS is likely to produce. In addition, it will generate about 14,000 full-time equivalent jobs a year in sectors like construction, engineering, and telecommunications.

This statement comes from AWS. It has been steadily expanding around the UK since constructing its first data centre in 2016. Currently, the region is served by two WaveLength Zones, three Availability Zones, and numerous Edge Locations operated by AWS.

“The next few years could be among the most pivotal for the UK’s digital and economic future,” said Tanuja Randery, AWS Vice President and Managing Director, Europe, Middle East & Africa.

She added that AWS’ expansion would help “organisations of all sizes across the country increasingly embrace technologies like cloud computing and AI to help them accelerate innovation, increase productivity, and compete on the global stage”.

fortune.com

Assisting Regional Companies

The UK’s digital economy has been greatly aided by AWS. Reputable UK businesses like easyJet, NatWest, and AstraZeneca rely on AWS’s cloud services. Their focus is to save costs, increase flexibility, and accelerate innovation. Amazon continues to spend in order to help businesses of all sizes leverage cloud computing as well as artificial intelligence (AI) in order to remain competitive.

AWS has provided £3 billion in investments to support thousands of UK workers every year since 2020. After the publication of this revised data, AWS is expected to invest more than £11 billion between 2020 and 2028.