Monthly Archives: December 2021

PR Newswire

Justin Sun Appointed as the WTO Ambassador for Grenada By The Ministry of Foreign Affairs

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SINGAPORE, Dec. 17, 2021 — The Government of Grenada has announced the appointment of Justin Sun as its new WTO Ambassador to be based in Geneva. Sun, a leading figure in the crypto and blockchain sphere, is best known as the Founder of TRON, one of the world’s largest and most popular blockchain platforms. Sun’s interest in history, socio-political issues, and international affairs began at a young age. Eventually, it led to him majoring in History at Peking University, where he graduated first in his class; he then pursued his M.A in Social Sciences from the University of Pennsylvania. Sun’s passion for making blockchain and financial technology accessible to everyone led to the establishment of the TRON ecosystem.

Prime Minister Dr. Keith Mitchell with H.E. Mr. Justin Sun, for his appointment as Ambassador, Permanent Representative of Grenada to the WTO
Prime Minister Dr. Keith Mitchell with H.E. Mr. Justin Sun, for his appointment as Ambassador, Permanent Representative of Grenada to the WTO

Grenada is a key member of the Caribbean Community (CARICOM), the CARICOM Single Market and Economy (CSME), and the Organization of Eastern Caribbean States (OECS).

"It is a true honor to serve as the WTO ambassador for Grenada," said Justin Sun. "I look forward to the opportunity to represent Grenada and work with WTO leadership to reinvigorate global trade in various ways, particularly the development of a robust digital economy internationally."

His appointment comes at a time when the world is continuing to grapple with the COVID-19 pandemic. WTO has projected the decline in global trade to exceed the previous slump brought by the global financial crisis of 2008-09, with merchandise trade expected to decline 13-32% due to the COVID-19 pandemic. Sun’s expertise in the blockchain industry will likely breeze some much-needed fresh air into the regional economy, as Grenada and CARICOM are among the hardest hit by a COVID-led tourism industry shutdown.

Media Contact
Name: Jessica ZHANG
E-mail: jessica.zhang01@tron.network

PR Newswire

KT SAT suggests establishing a “LEO Alliance” to regional satellite operators

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  • KT SAT has finished LEO constellation design and submission of ITU filings for LEO business
  • In order for KT SAT to enter LEO business, it suggests an alliance between regional operators
  • Spotlight on KT SAT Hybrid solution developed by KT Group with its in-house technology

SEOUL, South Korea, Dec. 16, 2021 — KT SAT(www.ktsat.com) announced that it suggested establishing an alliance for LEO business to regional satellite operators at the World Satellite Business Week 2021 hosted by Euroconsult which is held in Paris, France with 95% of global satellite operators worldwide in attendance.

KT SAT CEO Kyungmin David Song suggested establishing a LEO alliance between regional operators in order to reinforce their business competitiveness at Euroconsult's WBSW(World Satellite Business Week) 2021 held in Paris, France.
KT SAT CEO Kyungmin David Song suggested establishing a LEO alliance between regional operators in order to reinforce their business competitiveness at Euroconsult’s WBSW(World Satellite Business Week) 2021 held in Paris, France.

KT SAT CEO Kyungmin David Song attended as a panelist in the panel discussion by online with its topic of "How regional operators can adapt and differentiate in this increasingly competitive market environment?". He drew audiences’ attention as he shared KT SAT’s vision for LEO business with creating a global alliance. Four panelists attended the discussion including Song, C-level executives from Hispasat(Spain), Turksat(Turkey) and Yahsat(Arab Emirates) respectively.

"KT SAT will engage in not only HTS satellite but also LEO business in order to occupy sufficient satellite capacity which is basic condition of competitiveness in satellite business.", Song said. He also insisted that regional operators should survive from competitive threat of LEO through an alliance. Considering profitability and time to market, He said regional operators have to prepare diverse service portfolios by offering multi-orbit satellite connectivity which helps them to compete with global players like SpaceX, Amazon. In earlier times, KT SAT has already finished LEO constellation design and submitted ITU filings for LEO constellation to cope with market challenges.

Fierce competition in satellite market is currently expected as many operators participate in LEO business including World top IT companies. LEO satellite features its High through-put and low latency as its strong points compared to traditional GEO satellite. But still, it contains technology issues which have to be solved like gateways, ISL(Inter Satellite Link) and so on.

KT SAT also introduced its Hybrid solution developed by KT group with its in-house technology. Hybrid solution provides stable network connections and true seamlessness without any glitch. Moreover, the solution can be applied to any type of satellite and terrestrial network such as LEO, GEO, mobile network and etc. As multi-orbit satellites keep emerging, Hybrid solution is considered as a key for service providers to integrate diverse networks as a whole.

Related Links :

http://www.ktsat.com

PR Newswire

Trip.com Group’s travel content marketing gears up for 2022

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MACAO, Dec. 17, 2021 — Trip.com Group, a leading global travel service provider, hosted its 2021 Global Partner Summit in Macao where the travel Group shared the performance results and future plans of its content marketing pivot launched earlier this year.


In 2020, with the impact of the pandemic continuing to be felt across the travel industry, Trip.com Group began expanding its content offering, and upgraded this approach in March 2021 with the launch of its content marketing strategy. It focused on increasing and enhancing engagement between travellers and partners inspiring user travel. Largely centred on the sub-brand Ctrip platform to date, the content pivot has informed a Group-wide approach that also been implemented on the Group’s Trip.com platform.

In a keynote presentation at the Global Partner Summit, Bo Sun, CMO of Trip.com Group, shared with the audience that the two key pillars of user growth and traffic growth have guided the strong performance of the Group’s content marketing push. Over the past year, the amount of content traffic on Ctrip has doubled, with a 100% increase in the total amount of published content and a 200% year-on-year increase in the number of signed traveller content creators on the platform.

Commenting on the rich content ecosystem developed on the platform, Sun said "The comprehensive marketing toolkit available on our Ctrip platform empowers partners to achieve more with their offering. By better connecting products and partners we are optimizing user engagement, inspiring more travellers and generating increased traffic." This year, Ctrip content accumulated over 220 million user views with 35% of unique users regularly browsing content hosted on the platform. In addition to the vast exposure generated for partners, up to 30% of users placed an order within one month of viewing content.

Core to this strategy has been the building out of marketing products, tools and channels to empower partners to increase traffic and drive sales. Ctrip’s livestreaming platform has hosted over 3,000 partners who have presented over 10,000 livestream sessions showcasing their products and promotions. To further generate engagement, Ctrip rolled out a series of campaign days that spotlight specific partner destinations, brands, offers and more to boost brand and product recognition as well as sales.

Sun, who announced the launch of Star Hub in May, shared the benefits seen by the over 260 destination, hotel and attraction partners who have established their own Star Hub channels. Star Hub channels are dedicated partner channels where partners can share products, promotions, host content and engage directly with users. Evidencing the advantages Star Hub channels can bring, the Trip.com Group CMO noted that a user who follows a partner Star Hub channel has a 20% higher repurchase rate and is 300% more likely to visit the channel than a non-follower user.

At the Summit, Sun concluded by acknowledging the fruitful results Trip.com Group’s content marketing strategy has achieved whilst faced with the uncertainty of the global travel market, and that the Group will continue to build out the marketing toolkit available to partners in 2022.

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centers. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission "to pursue the perfect trip for a better world". Find out more about Trip.com Group here: group.trip.com

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Related Links :

https://www.trip.com/newsroom/

PR Newswire

Databricks Recognized as a Leader in 2021 Gartner® Magic Quadrant™ for Cloud Database Management Systems

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Databricks is the only cloud native vendor to be recognized as a Leader in both 2021 Gartner Magic Quadrant Reports: Cloud Database Management Systems and Data Science and Machine Learning Platforms for its ability to execute and completeness of vision

SAN FRANCISCO, Dec. 17, 2021 — Databricks, the Data and AI company and pioneer of data lakehouse architecture, today announced that Gartner has positioned Databricks as a Leader in its 2021 Magic Quadrant for Cloud Database Management Systems (DBMS) report for the first time. In combination with its positioning as a Leader in the 2021 Gartner® Magic Quadrant for Data Science and Machine Learning Platforms (DSML) report earlier this year, Databricks is now the only cloud native vendor to be recognized as a Leader in both Magic Quadrant reports. A complimentary copy of the report can be downloaded here.

The Gartner report evaluated 20 different vendors based on completeness of vision and ability to execute within the rapidly evolving market.

"We consider our positioning as a Leader in both of these reports to be a defining moment for the Databricks Lakehouse Platform and confirmation of the vision for lakehouse as the data architecture of the future," said Ali Ghodsi, CEO and Co-Founder of Databricks. "We’re honored to be recognized by Gartner as we’ve brought this lakehouse vision to life. We will continue to invest in simplifying customers’ data platform through our unified, open approach."

We believe the uniqueness of the achievement is in how it was accomplished. It is not uncommon for vendors to show up in multiple Magic Quadrants each year across many domains. But, they are assessed on disparate products in their portfolio that individually accomplish the specific criteria of the report. The results definitively show that one copy of data, one processing engine, one approach to management and governance that’s built on open source and open standards –  across all clouds – can deliver class-leading outcomes for both data warehousing and data science/machine learning workloads.

We feel our position as a leader in the 2021 Magic Quadrant for DBMS underscores a year of substantial growth for the company. These milestones include the announcement of its fifth major open source project Delta Sharing, the acquisition of cutting-edge German low-code/no-code startup, 8080 Labs, as well as raising a total of $2.6 billion in funding in 2021 at a current valuation of $38 billion to accelerate the global adoption of its lakehouse platform.

Gartner, "2021 Cloud Database Management Systems," Henry Cook, Merv Adrian, Rick Greenwald, Adam Ronthal, Philip Russom, December 14, 2021

Gartner, "2021 Magic Quadrant for Data Science and Machine Learning Platforms," Peter  Krensky, Carlie Idoine, Erick Brethenoux, Pieter den Hamer, Farhan Choudhary, Afraz Jaffri, Shubhangi Vashisth, March 1, 2021

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About Databricks
Databricks is the data and AI company. More than 5,000 organizations worldwide — including Comcast, Condé Nast, H&M, and over 40% of the Fortune 500 — rely on the Databricks Lakehouse Platform to unify their data, analytics and AI. Databricks is headquartered in San Francisco, with offices around the globe. Founded by the original creators of Apache Spark™, Delta Lake and MLflow, Databricks is on a mission to help data teams solve the world’s toughest problems. To learn more, follow Databricks on Twitter, LinkedIn and Facebook.

CONTACT: databricks@inkhouse.com

PR Newswire

Electric Corner Modules Show Potential to Integrate Powertrain, Suspension, and Steering Systems in Autonomous Vehicles

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SAN ANTONIO, Dec. 16, 2021 — Automotive original equipment manufacturers (OEMs) are expected to replace powertrain suspension and steering systems with electric corner modules (ECMs) as the demand for purpose-built vehicles increases. This will lower initial investments and reduce the time to market. As ECMs enable greater flexibility through increasing modularity and reusability, OEMs can efficiently use available space and reduce the lead time for new models. Their suitability for autonomous delivery vehicles, eShuttles, and electric light commercial vehicles (eLCVs) is expected to result in a $5.20 billion global market by 2030.

electric corner modules (PRNewsFoto/Frost & Sullivan)
electric corner modules (PRNewsFoto/Frost & Sullivan)

For further information on this analysis, please visit: https://frost.ly/6u8

"Purpose-built vehicles such as autonomous delivery vans, robo-taxis, and eShuttles need increased usable volume for cargo or passengers, making ECM-equipped vehicles ideal as they can carry up to 30% more volume as a similar-sized vehicle," noted Thirumalai Narasimhan, Senior Research Analyst, Mobility Practice at Frost & Sullivan. "ECMs can be updated over the air for sensor integrations and upgrades to autonomous driving. These upgrades can offer additional capabilities such as rear-wheel steering by swapping the existing module with a steerable module."

Narasimhan added: "ECM adoption is likely to increase after 2025 when OEMs start offering purpose-built vehicles based on skateboard architecture. As they develop models with new platform strategies that are not hindered by multi-energy platforms, they will find greater value in integrating ECMs in their vehicles."

As electric vehicles and autonomous driving become more mainstream, there will be inevitable changes in automotive design and development. This will lead to growth opportunities that ECM suppliers can leverage by:

  • Developing modular and flexible skateboard platforms, allowing OEMs to offer numerous models without investing significantly in powertrain components.
  • Integrating ECMs into EV architecture, enabling the seamless introduction of automation.
  • Partnering with OEMs for platform licensing, accelerating the vehicle’s time-to-market by helping OEMs reduce development time and cost.
  • Addressing maneuverability, space, and drive-by-wire requirements, allowing the vehicle to make different turns that would not have been possible in the traditional configuration.

Global Autonomous Vehicles Regulatory Growth Opportunities is the latest addition to Frost & Sullivan’s Mobility research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: Start the discussion.

Global Electric Corner Module Market, Growth Opportunities, 2021
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Media Contact:
Srihari Daivanayagam, Corporate Communications
P: +91 44 6681 4412
E: srihari.daivanayagam@frost.com
https://www.frost.com

 

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PR Newswire

BOOHOO EXPANDS BUSINESS TO 5 MARKETS IN THE ASIA REGION

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Bringing Affordable Aspirational Fashion to Gen-Z and Millennials in a Localised Way

TAIPEI, Dec. 16, 2021 — Leading global fashion e-tailer, boohoo, today announced the expansion of operations within the Asian region including Japan, Korea, Singapore, Hong Kong and Taiwan, bringing its market leading fashion, choice and promotions to local customers.

Bringing Affordable Aspirational Fashion to Gen-Z and Millennials in a Localised Way
Bringing Affordable Aspirational Fashion to Gen-Z and Millennials in a Localised Way

boohoo’s up-to-date and inspirational styles are now available in Asia with localised website languages and user-friendly layout. Customer service and delivery logistics are tailored for each market to provide timely support and to serve the needs of local customers.

Originating in Manchester UK, boohoo Group is an established multi-brand fashion, home and beauty platform with a vision to lead the fashion e-commerce market globally. Strategically positioned for gen-Z’s and millennials, the boohoo womenswear brand offers a wide selection of on-trend and affordable fashion for every occasion to celebrate women of all backgrounds, shapes and sizes. boohoo updates 500 new items a week across its range to deliver inspirational yet accessible fashion choices to its customers.

To celebrate the launch in Asia, boohoo is now offering a site-wide discount up to 80% off from today until the end of December. Visit the e-store now to explore your perfect style, and enjoy the refreshing online shopping experience offered by boohoo this holiday season.

Shop at boohoo here

https://www.boohoo.tw

About boohoo

Leading the fashion e-commerce market and founded in Manchester in 2006, the group started life as boohoo.com, an inclusive and innovative brand targeting young, value-oriented customers. For over 15 years, boohoo has been pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7. boohoo has grown rapidly in the UK and internationally, expanding its offering with range extensions into beauty, curve and menswear, through boohooMAN.

boohoo is one of the fastest growing international retailers. The product is trend-led, accessible, and wearable; the business is agile and fast paced. With 100 new items dropping onsite daily – boohoo.com has quickly evolved into a global fashion leader of its generation.

www.boohoo.com 

PR Newswire

Coway to Exhibit Smart Home Innovations For Healthier Living at CES 2022, On-site & Virtually

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– The premium line, Cowaymega series, featuring Airmega, and Bidetmega, to be showcased for the North American and European markets

SEOUL, South Korea, Dec. 16, 2021 — Coway Co., Ltd., "The Best Life Solution Company," today announced it will showcase its latest environmental home appliance innovations at the CES 2022 in Las Vegas. Coway invites CES 2022 attendees to come to the Venetian Expo(formerly Sands Expo), booth #52509, or to visit its virtual ‘CES 2022 Coway Brand Site‘ to explore its innovations from the comforts of their home.

Coway Booth at CES 2022
Coway Booth at CES 2022

Hosted by the Consumer Technology Association, CES is the world’s most influential annual tech trade show where exhibitors unveil their latest innovations to the public.

Under the theme We innovate for your better life, Coway is sharing its vision for homes of the future and how next-generation technologies add more convenience to our everyday lives. To offer a glimpse into the future of home technology, Coway will display its innovative water purifiers, air purifiers, and sleep products that elevate how we live.

The exhibition will feature four main zones, ‘Smart Sleep Solution,’ ‘Noble,’ ‘Icon,’ and ‘Airmega.’ Each of these will showcase how Coway’s innovative technologies redefine mattresses, water purifiers, air purifiers, and bidets. The Airmega zone will feature the premium, award-winning lineup of the U.S.-available Cowaymega series, including the Airmega and Bidetmega lines.

Those not in attendance can experience the CES Coway Booth via the ‘CES 2022 Coway Brand Site‘. The digital platform will feature exhibited products, Coway X BTS content, and provide access to on-site events. For press, business partners, and visitors, pre-registration for booth tours and meetings are also available.

"It’s an honor to bring our latest smart home innovations, born from 32 years of water, air, and design expertise, to CES 2022. We hope these will give an insight into the potential of how Coway’s life solutions can shape our future everyday lives," said Kevin Shim, the Head of Marketing at Coway USA.

WHERE: Venetian Expo Booth #52509, and online at ‘CES 2022 Coway Brand Site‘
PRESS KIT: Coway Press Kit(Global), Coway USA Press Kit(USA)

About Coway Co., Ltd.

Established in Korea in 1989, Coway, "The Best Life Solution Company," is a leading environmental home appliances company making people’s lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, the USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.

News

OPPO Tries Its Hand at Smart Glasses with its OPPO Air Glass

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The last time we saw or heard anything about Smart Glasses was with the Google Glass which quickly faded into the ether. This year, with the rise of the metaverse and the world moving towards AR (augmented reality) and XR (extended reality), OPPO is bringing its take on smart glasses. Unlike Google Glass though, OPPO’s Air Glass comes with a specific set of functions.

OPPO Air Glass 029
OPPO Air Glass 022
OPPO Air Glass 025
OPPO Air Glass 013
OPPO Air Glass 007

The OPPO Air Glass main purpose is the feed the user with information that will help them get on with their day. To do this, OPPO has designed a minimalistic interface that feeds the user pertinent information like weather, calendar, and navigation when in use. It’s also not a standalone device; instead, the Air Glass needs to be paired to either a smartphone or smartwatch to function. It currently only functions with OPPO Smartphones and the OPPO Watch with the Smart Glass App.

Minimalistically Designed for Functionality

OPPO’s new smart glass is a sleek, modular device that attaches to a specially designed frame. The attachment contains all the smart glass components including a new mico projector designed by OPPO. The Spark Micro Projector projects the minimalist visual interface of the Air Glass. The 30g body of the Air Glass also serves as an interaction surface. You’ll be able to swipe through the interface with your hands and also gestures.

OPPO Air Glass 005

The Air Glass runs on the Qualcomm Snapdragon Wear 4100 platform. With the computing ability of the platform, it’s also able to do on the fly translations. It can pick up audio and translate it into text that is displayed on the monocle’s wavelength lens. The Air Glass module is designed to be sleek and light. OPPO claims that the design draws inspiration from feathers. The monocle, however, is designed with inspiration from a cicada’s wings.

When it comes to battery life, the wearable isn’t blowing anyone out of the water. It has 3 hours of battery life on a single charge. That said, when we asked OPPO about the limited battery, the company highlighted that the Air Glass isn’t meant to be a device you use all the time. It’s meant to complement your ecosystem of devices by feeding you pertinent information. If you need more than 3 hours of battery life, the module can be detached and charged in its dock.

OPPO Air Glass 030

There isn’t any indication yet whether the wearable will be available commercially just yet. However, it felt and looked like something that’s ready for market. So, it wouldn’t surprise us if we saw this in the wild sooner rather than later. Together with the Air Glass, OPPO also showed off a prototype of their retractable camera during their INNO Day event.

PR Newswire

Anchorage Digital Raises $350 Million in Series D Funding Round, Led by KKR

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New round values premier digital asset platform at over $3 billion

SAN FRANCISCO, Dec. 15, 2021 — Anchorage Digital ("Anchorage" or the "Company"), the premier digital asset platform for institutions, today announced it has closed a $350 million Series D funding round led by global investment firm KKR. Participants include Goldman Sachs, Alameda Research, Andreessen Horowitz, Apollo credit funds, funds and accounts managed by BlackRock, Blockchain Capital, Delta Blockchain Fund, Elad Gil, GIC, GoldenTree Asset Management, Innovius Capital, Kraken, Lux Capital, PayPal Ventures, Senator Investment Group, Standard Investments, Thoma Bravo, and Wellington Management. This funding round values Anchorage at over $3 billion.

"As more and more institutions look to add crypto services into their offerings, we find ourselves at an inflection point," said Diogo Mónica, President and Co-Founder of Anchorage Digital, "This funding positions Anchorage Digital to meet the unprecedented institutional demand for this rapidly evolving market. We’re grateful that KKR and this wider group of investors shares our vision to expand regulated institutional access to digital assets." 

The first crypto-native company to receive a banking charter from the Office of the Comptroller (OCC) in January 2021, Anchorage is making it safe and accessible for institutions to participate in the rapidly evolving digital asset space. Anchorage began as a custodian and has built a robust suite of additional services such as secure trading, financing, staking, and governance.

Anchorage Digital plans to use this latest funding to enhance its infrastructure solutions, specifically for global financial firms and fintech innovators. It will also invest to accelerate and simplify clients’ engagement with the latest in crypto innovation and increase the size of its team to continue to expand product offerings and grow its client base.

KKR is investing in Anchorage through its Next Generation Technology Growth Fund II, a fund dedicated to growth equity investment opportunities in the technology space. This will be the firm’s first direct equity investment in a digital asset company.

"As a pioneer in enabling institutional investors to access digital assets, Anchorage has built a best in class, institutional grade digital asset platform that combines the best practices of both modern security and usability," said Ben Pederson, Senior Leader on KKR’s Technology Growth Equity team. "We are thrilled to lead this Series D round and work with Diogo, Nathan and their talented team as they continue to support the institutional adoption of digital assets through their differentiated, regulated and integrated suite of solutions."

"We are certain Anchorage will be a crucial part of the digital asset infrastructure and we are excited to be an investor," said Oli Harris, Head of North America Digital Assets at Goldman Sachs.

Anchorage’s Series D funding follows a dynamic year of growth. Significant milestones include:

  • Receiving a federal banking charter from the OCC
  • Announcing an $80 million Series C round that was led by GIC and included Andreessen Horowitz, Blockchain Capital, Lux Capital, and Indico
  • Facilitating Visa’s purchase of one of the most popular series of NFTs, Cryptopunk #7610
  • Growing headcount by 175% to date in 2021
  • Business growth in excess of 800% for each of the past two years.

About Anchorage Digital

Anchorage Digital is the most advanced digital asset platform for investors. From custody and trading to staking, governance, and financing, Anchorage offers a full range of crypto-native financial solutions that are compliant, built to adapt to emerging blockchain use cases, and made to evolve alongside the needs of digital asset investors. Today, Anchorage serves many of the largest institutional investors and enterprise brands in the digital asset space.

Anchorage Digital Bank makes it simple and secure for institutions to gain exposure to digital assets as the first federally chartered digital asset bank. With secure custody at its core, Anchorage is the premier partner for institutions and corporations. Anchorage offers financial solutions for today and tomorrow. To learn more, please visit anchorage.com and on Twitter @Anchorage.

About KKR
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Media Contacts:

Anchorage:
Lexi Wangler
anchorage@dittopr.co

KKR:

Julia Kosygina or Miles Radcliffe-Trenner
(212) 750-8300
media@kkr.com

Disclaimer

This press release is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.

PR Newswire

SK hynix becomes the Industry’s First to Ship 24Gb DDR5 Samples

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SEOUL, South Korea, Dec. 15, 2021 — SK hynix Inc. (or ‘the Company’, www.skhynix.com) today announced that it has shipped samples of 24 Gigabit (Gb) DDR5* DRAM with the industry’s largest density for a single DRAM chip.

* DDR (Double Data Rate): A comprehensive standard specification defined by JEDEC (Joint Electron Device Engineering Council) and applied to PCs, servers and other applications; currently includes 5 generations of DDR 1-2-3-4-5

** Currently, DDR DRAM offerings mostly come in density of 8Gb or 16Gb, with the highest density of 16Gb

The announcement of SK hynix releasing the industry’s largest density DDR5 chip comes in just 14 months after the Company became the first to release DDR5 DRAM in October 2020, further solidifying the chipmaker’s technological leadership in DDR5.

The new 24Gb DDR5 was produced with the cutting-edge 1anm technology that utilizes EUV process. It has a density of 24Gb per chip, which is up from the existing density of 16Gb in 1ynm DDR5, with improved production efficiency and increased speed by up to 33%.

In addition, SK hynix managed to reduce the product’s power consumption by *25% compared to existing products while lowering energy use in manufacturing through enhanced production efficiency. SK hynix expects the product to bring about reduction in carbon emissions as well, which is meaningful in the context of ESG management.

*Based on system power consumption to support the same module capacity

The initial offerings on this product are set to be 48 Gigabyte (GB) and 96GB modules for supply to cloud data centers. It is also expected to power high-performance servers for big data processing such as artificial intelligence (AI) and machine learning, as well as realizing Metaverse applications among others.

Kevin (Jongwon) Noh, President and Chief Marketing Officer at SK hynix, said, "In line with the release of 24Gb DDR5, SK hynix is closely engaging with a number of customers that provides cloud services. We will continue to strengthen our leadership in growing DDR5 market by introducing advanced technologies and developing products with ESG-awareness."

"Intel and SK Hynix have a long history of strong collaboration," said Carolyn Duran, Vice President of Memory and IO Technologies in Intel’s Data Center and AI Group.  "Today’s announcement is another illustration of our two companies working together to deliver a 24Gb solution to address needs of our mutual customers.  The 24Gb DDR5 offering provides high mono die capacity and will help customers boost performance of memory capacity bound workloads such as data analytics while bringing significant TCO benefits."

SK hynix becomes the Industry`s First to ship 24Gb DDR5 DRAM & 96GB 48GB DRAM Module
SK hynix becomes the Industry`s First to ship 24Gb DDR5 DRAM & 96GB 48GB DRAM Module

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips ("DRAM"), Flash memory chips ("NAND Flash") and CMOS Image Sensors ("CIS") for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.