Monthly Archives: June 2023

PR Newswire

Hyundai Motor Joins Forces with Culture Convenience Club to Provide Personalized Zero-Emission Vehicle Lifestyle

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  • The partnership to propose new lifestyle that combines zero-emission-vehicle (ZEV) mobility and cultural content in Japan by collaborating on new concept mobility service, data-driven marketing and global experience platform development
  • Based on their shared people-centric vision, Hyundai Motor and CCC aim to bring innovative customer experiences and foster a sustainable society
  • The two companies expect to enhance customer value based on their highly sophisticated data-driven partnership in the era of hyper-personalization

TOKYO and SEOUL, South Korea, June 22, 2023 /PRNewswire/ — Hyundai Motor Company, Hyundai Mobility Japan and lifestyle content company Culture Convenience Club (CCC) today signed a memorandum of understanding (MOU) to co-create sustainable lifestyle services for the zero-emission-vehicle (ZEV) era.

Jaehoon Chang, President and CEO of Hyundai Motor Company
Jaehoon Chang, President and CEO of Hyundai Motor Company

The partnership aims to further facilitate Hyundai Motor’s efforts to satisfy Japanese customers with zero-emission vehicles and online sales since its re-entry into the market in February 2022. With the accelerated transition to electrification, Hyundai Motor and CCC’s strategic partnership aims to expand the new mobility lifestyle in Japan and beyond to global markets.

“Through this collaboration, we expect to create new opportunities through various endeavors,” said Chang, President and CEO of Hyundai Motor Company. “In particular, CCC, which plans new lifestyles by thoroughly analyzing customers’ preferences, and Hyundai Motor’s ZEV culture will work together to build a differentiated Hyundai brand image.”

Hyundai Motor and CCC share people-centric ideas embedded in their brand concepts and missions. In the new era that requires economic, social and environmental sustainability, the two companies have decided to collaborate on promoting a ‘new lifestyle through ZEV’ in Japan and then expand the program globally. Through this collaboration, both companies will promote specific ZEV lifestyle proposals based on their shared value of fostering a sustainable society.

“As a lifestyle content company, CCC has contributed to the creation of diverse lifestyles in Japan. With the current changes in the global environment and the significant changes in people’s life values, the concept of sustainability has begun to penetrate car life as well,” said Takahashi, President and COO of CCC. “This partnership is in line with Hyundai’s vision and values, and we hope to propose a new ZEV lifestyle to our customers, promote their wellness and lead social action for zero emissions on a global scale.”

More information about Hyundai Motor and its products can be found at:

http://worldwide.hyundai.com or http://globalpr.hyundai.com

(from left) Jaehoon Chang, President and CEO of Hyundai Motor Company / Yasunori Takahashi, President and Chief Operating Officer (COO) of CCC
(from left) Jaehoon Chang, President and CEO of Hyundai Motor Company / Yasunori Takahashi, President and Chief Operating Officer (COO) of CCC

Hyundai Motor Joins Forces with Culture Convenience Club to Provide Personalized Zero-Emission Vehicle Lifestyle
Hyundai Motor Joins Forces with Culture Convenience Club to Provide Personalized Zero-Emission Vehicle Lifestyle

PR Newswire

Baijiayun Announces Lock-Up Commitment by Certain Shareholders

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BEIJING, June 22, 2023 /PRNewswire/ — Baijiayun Group Ltd (“Baijiayun” or the “Company”) (Nasdaq: RTC), a one-stop video-centric technology solution provider, today announced that Mr. Gangjiang Li, Chairman of the Board and CEO, who is the beneficial owner of approximately 32.73% of the issued and outstanding shares of the Company, and Mr. Yi Ma, President and Director, who is the beneficial owner of approximately 10.08% of the issued and outstanding shares of the Company, have committed not to selling or transferring any ordinary shares or similar securities (the “Restricted Securities”) for a 12-month lock-up period, as a demonstration of confidence in the long-term value of the Company.

Mr. Gangjiang Li and Mr. Yi Ma undertake to promptly enter into written lock-up agreements with the Company to carry out such commitment. The agreements will be subject to certain customary exceptions, including that shares may be transferred directly to certain parties or may be repurchased by the Company.

About Baijiayun Group Ltd

Baijiayun is a one-stop video-centric technology solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries.

Safe Harbor Statement

This press release contains certain “forward-looking statements.” These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties’ perspectives and expectations, are forward-looking statements. The words “will,” “expect,” “believe,” “estimate,” “intend,” and “plan” and similar expressions indicate forward-looking statements.

Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management’s current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company’s estimates as of the date of this press release, and subsequent events and developments may cause the Company’s estimates to change.

The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.

A further list and description of risks and uncertainties can be found in the documents the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Investor / Media Contact:
Crocker Coulson
CEO, AUM Media, Inc.
(646) 652 7185
crocker.coulson@aummedia.org

Company Contact:
Yong Fang
CFO, Baijiayun Group Ltd
(267) 939 5080
fangyong@baijiayun.com

PR Newswire

LTIMindtree Launches Canvas.ai, A Generative AI Platform To Accelerate Concept-To-Value Realization For Enterprises

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The Platform, built using well-architected framework, enables clients to build, manage and consume generative AI solutions responsibly

WARREN, N.J. and MUMBAI, India, June 21, 2023 /PRNewswire/ — LTIMindtree (NSE: LTIM) (BSE: 540005), a global technology consulting and digital solutions company, today launched Canvas.ai, an enterprise-ready generative AI platform designed to accelerate the concept-to-value journey for businesses using mindful AI principles.

Canvas.ai is among the first-of-its-kind platform designed to help enterprises jump start and scale generative AI capabilities, bolstering business innovation and engineering productivity. Leveraging well-architected framework and sound governance measures, Canvas.ai effectively manages proprietary and industry-specific data, while factoring its ethical use, sustainability, privacy and security. The platform-based architecture of Canvas.ai caters to the business requirements of three key personas – creators who build the generative AI solutions, admins who manage, and users who consume governed generative AI solutions.

Debashis Chatterjee, Chief Executive Officer and Managing Director at LTIMindtree said, “Generative AI is a seminal trend that is slating the next phase of autonomous enterprises. Through our 4E model of Educate, Experience, Explore and Employ, we remain invested in helping our clients adopt and adapt generative AI ways of working. We are happy to note that several global clients are already leveraging Canvas.ai to solve for unique business needs in their journey towards digital transformation and cutting-edge experience.”

Nachiket Deshpande, Whole-Time Director and Chief Operating Officer at LTIMindtree said, “With Canvas.ai, clients gain access to LTIMindtree’s partnership with leading Large Language Model (LLM) providers and ecosystem of proprietary accelerators, domain-specific solution and product offerings, and future-ready talent pool. This will help clients harness the power of Generative AI and build out solutions for data monetization, productivity co-pilots, and engineering frameworks. Furthermore, the platform-centric design of Canvas.ai makes it adept at facilitating standardization, while accommodating the upgrades to generative AI technology, promoting enterprise-wide efficiency and reducing infrastructure and operating costs in the long term as clients digitize their core businesses.”

Canvas.ai guarantees up to 40-50% reduction in time and effort for app modernization and cloud migration programs.

“Rapid advancements in technology and pervasiveness of generative AI make it necessary for organizations to carefully weigh in the ethical ramifications of its adoption,” said Jitendra Putcha, Global Head, Data, Analytics and AI at LTIMindtree. “With built-in features such as explainable AI and security-first approach, which serve as guardrails, Canvas.ai prevents the abuse of the technology. It can help organizations traverse data regulations, minimize unintended bias and ensure transparency across the business supply chain. It gives them the scope for mindful innovation and the resources to deploy generative AI responsibly.”

Canvas.ai is available for clients globally through LTIMindtree’s Generative AI Studios in Warren, NJ; Dallas, TX; Hartford, CT; and Minneapolis, MN in US; London and Paris in Europe; and Mumbai, Bengaluru and Hyderabad in India.

About LTIMindtree

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 84,000+ talented and entrepreneurial professionals across more than 30 countries, LTIMindtree — a Larsen & Toubro Group company — combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. For more information, please visit https://www.ltimindtree.com/.  

Media Contact :
media@ltimindtree.com

Business, Computers, News

Acer Launches New TravelMate Laptops and Veriton Desktops – More Plastics, yet More Sustainable, More Durable 

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Building laptops made for businesses is a rather straightforward process. The recipe is simple – build it like a tank for durability, ensure that it’ll last an entire business day on a single charge, ensure that the hardware is protected against any possible cyber-attacks and mishaps, make it powerful enough for all kinds of workload, and make it easy to work with for the IT department. All these things are plenty easy to achieve with modern technology.  

That is not to say that laptops and desktops that are made for business use cases are boring. Take the TravelMate and Veriton line-up that Acer just launched in Malaysia today, for example. Instead of using the usual all-metal material that is rather popular these days and is proven to offer durability like no other, they chose to make them differently.  

Acer TravelMate Series 

  • Acer TravelMate P2 1
  • Acer TravelMate P6 5
  • Acer TravelMate P6 4
  • Acer TravelMate P6 3
  • Acer TravelMate P6 2
  • Acer TravelMate P6 1
  • Acer TravelMate P4 6
  • Acer TravelMate P4 5
  • Acer TravelMate P4 4
  • Acer TravelMate P4 3
  • Acer TravelMate P4 2
  • Acer TravelMate P4 1
  • Acer TravelMate P2 8
  • Acer TravelMate P2 7
  • Acer TravelMate P2 6
  • Acer TravelMate P2 5
  • Acer TravelMate P2 4
  • Acer TravelMate P2 3
  • Acer TravelMate P2 2

The Acer TravelMate series for 2023 is made up of the TravelMate P2, P4, and P6. Of course, with the TravelMate series laptops, you get a selection of display options between 14-inch and 16-inch (TravelMate P2, P4), or a 14-inch 2.8K OLED (P6). You also get to choose a convertible (TravelMate P4 Spin), for extra flexibility. All of them come with a 16:10 aspect ratio displays for added productivity and visibility on your display. If you really need, you can even spec your TravelMate business laptop with a discrete GPU in the form of NVIDIA’s GeForce RTX 2050.  

They are all powered by Intel’s latest 13th Generation Intel Core with vPro technology for that extra layer of protection for your data. You get up to 1TB of storage and 16GB of DDR5 RAM. Of course, these can be easily upgraded by your IT department when required. All of them also comes with Windows 11 Pro as standard. Obviously, they need to offer stable, reliable connection everywhere you choose to work from and thanks to WiFi 6, networking will not be an issue. The Travelmate P4 and P6 also comes with Windows Hello biometric security measures to both protect your work and data from prying eyes. 

Everything mentioned above is rather expected though, especially for laptops made for businesses. What is less expected is the build material you get with the Acer TravelMate series. While the TravelMate series’ various chassis are made mostly from metal materials, Acer has also managed to make entire laptops with up to 30% of PCR plastic materials into the build. The trackpad found on the laptops are made of 100% OceanGlass material, or ocean bound plastic (OBP) materials.  

To keep the devices running as long as possible in between service intervals, Acer has innovated on the cooling system a little bit. The TravelMate series offers something called the Acer Dust Defender. It is a clever fan system that ensures that the laptop can deliver as much performance as possible, as long as possible without any thermal throttling issues. The clever system automatically spins the fans in a counter-clockwise manner to disperse any accumulated dust to an outlet port every 6 hours to keep the fan build-up to a minimum even in extended use cases.  

Acer Veriton Series 

  • Acer Veriton S X 1
  • Acer Veriton Z 9
  • Acer Veriton Z 8
  • Acer Veriton Z 7
  • Acer Veriton Z 6
  • Acer Veriton Z 5
  • Acer Veriton Z 4
  • Acer Veriton Z 3
  • Acer Veriton Z 2
  • Acer Veriton Z 1

When you need something more beefy, more permanent, and even more compact for your workspace, you need the Veriton series desktops and All-in-One (AIO) PCs. The Veriton S and Veriton X series are compact performers in their class for all kinds of work and industrial environments. The Veriton Z sereis and Vero Mini are also perfect for any sort of office space requiring a more integrated solution. For more the professionals that needs more processing power, the Veriton K8 series.  

For the compact performers, you get to spec your Veriton PC with up to a 13th Generation Intel Core i5-3400 CPU with the vPro platform for added security. You also get up to 512GB in SSD storage and up to 8GB in DDR4 RAM for your compact Veriton desktops and AIO. Of course, all of them comes with Windows 11 Pro as standard.  

For the Veriton K8 series, you get to work with up to an Intel Xeon E-2226G processor and pair that to up to an NVIDIA Quadro P620 2GB GPU to boot. You also get up to 256GB of SSD storage with slots for expansion and up to 8GB of DDR4 RAM also with expansion slots. All of the Veriton devices comes with a 3-year on-site warranty.  

Price and Availability 

The Acer TravelMate P2 series of laptops starts at MYR 3,249, while the TravelMate P4 and P6 series starts at MYR 4,559 and MYR 6,799 respectively. The Veriton S series starts out at MYR 3,309, while the Veriton X series will set you back at least MYR 2,749. The Vero Mini and Vertion Z series AIO starts at MYR 3,499 and MYR 4,699 respectively. For the beefy Veriton K8 series, you want to set aside at least MYR 4,599. All of the Acer products that has been launched are now available from Acer’s authorised dealers across the nation, the Acer eStore, and Acer’s official stores on Shopee and Lazada. 

PR Newswire

ST Telemedia Global Data Centres Thailand Earns Frost & Sullivan’s 2023 Company of the Year Award for Meeting the Growing Digital Infrastructure Demand

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STT GDC Thailand is a highly secure, reliable, and sustainable data center services provider that delivers outstanding end-to-end solutions based on the industry’s strictest global standards.

SAN ANTONIO, June 21, 2023 /PRNewswire/ — Frost & Sullivan recently researched the data center services industry and, based on its findings, recognizes STT GDC Thailand with the 2023 Company of the Year Award. STT GDC Thailand is a leading hyperscale colocation data center services provider that focuses on supporting the growing demand for digital infrastructure from over-the-top (OTT) enterprises. The company has a strong commitment to expanding its data centers in strategic locations to gain a competitive advantage and create exceptional value for existing and potential customers. Currently, STT GDC Thailand operates the STT Bangkok 1 facility in Hua Mak, Bangkok, and another is under construction to drive its rapid expansion in the Thai market.

Furthermore, STT GDC Thailand is strengthening its current network of hyperscale data centers by leveraging cutting-edge technologies and implementing best practices in business operations.

“With a vision to support the growing digital infrastructure demand from OTT companies and enterprises, STT GDC Thailand leverages disruptive technologies and drives initiatives focusing on best practices to provide best-in-class, scalable, secure, and world-class services,” said Rubini Kamal, best practices research analyst at Frost & Sullivan. “The company’s final goal is to capture a larger market share and keep providing first-class services with high scalability, operational excellence, and robust security.”

The company fully complies with international best practices in data center security and environmental sustainability, pledging carbon-neutral data center operations by 2030. Today, the company is on track to meet its sustainability goals, and in 2020, its first data center was awarded the Leadership in Energy and Environmental Design Gold v.4 Certification from the U.S. Green Building Council (USGBC) for its energy-efficient designs.

The company continues to create strategic partnerships and seek alternatives to power its data centers with more water efficiency, less energy consumption, enhanced indoor environmental quality, and more sustainable building practices.

“The company applies international standards and best practices that ensure technical resilience, reliability, and security. It has achieved numerous globally recognized certifications, reinforcing its strong value proposition in Thailand’s data center colocation services industry,” noted Nishchal Khorana, vice president and global program leader of ICT at Frost & Sullivan.

Each year, Frost & Sullivan presents a Company of the Year Award to the organization that demonstrates excellence in growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:
Tammy Chan
E: tammy.chan@frost.com 

About STT GDC Thailand
ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC Thailand offers a full suite of best-in-class, highly scalable and flexible solutions with a portfolio of carrier-neutral data centres strategically located across central Bangkok.

STT GDC Thailand is a joint venture between Frasers Property Limited (FPL), a leading integrated real estate platform in Thailand and ST Telemedia Global Data Centres (STT GDC). For more information, please visit sttelemediagdc.com.

PR Newswire

Intento’s State of Machine Translation 2023 Report Evaluates 37 MT Engines and 5 LLMs

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SAN FRANCISCO, June 21, 2023 /PRNewswire/ — Intento, the Enterprise Machine Translation Hub, and e2f, a language intelligence pioneer, teamed up to study the Machine Translation and Generative AI market and present the State of Machine Translation 2023 report (the seventh consecutive year for Intento).

This edition analyzes the performance of 37 MT Engines across 22 language pairs and 9 content domains, providing the latest overview of the rapidly evolving MT landscape. Key highlights include:

  • Out of the 37 Machine Translation Engines evaluated, 23 are best-performing in some language pairs and domains
  • 5 Large Language Models from AI21, Anthropic, and OpenAI, including ChatGPT and GPT-4, have risen to the first tier in MT capabilities
  • All of the 48 existing MT vendors cover 654 unique languages and 190,000 language pairs
  • Few MT vendors perform at the top level for Arabic, Japanese, and Ukrainian languages
  • Legal and IT domains require careful MT vendor selection, while Entertainment and Colloquial domains may require customization for optimal results

The report spotlights the MT landscape transformation with new features, expanded offerings, and language pairs from several vendors, including Alibaba, Amazon, Baidu, Google, Microsoft, Naver, NVIDIA, and Youdao – all demonstrating significant progress in technology and innovation. Drawing from Intento’s expertise, businesses can use this shift to enhance language capabilities, improve global communication, and stay competitive.

It also identifies top-tier LLMs like ChatGPT and GPT-4, which surpass other models in various MT evaluation metrics and provides insight into the potential of GPT-3, Anthropic’s Claude, and AI21’s Jurassic-2 models for businesses exploring emerging language technologies.

Download the full PDF report here

“We launched our inaugural MT report in 2017, at a time when there were only eleven stock models available. Fast forward six years, and the MT landscape has exploded, with six-fold growth in MT platforms and 15x more language pairs,” says Konstantin Savenkov, Intento CEO and co-founder. “In addition, we see new automated customization possibilities such as domain adaptation and custom glossaries, and the emergence of Large Language Models, which can handle translation among other tasks.”

“We’re excited to work with Intento, providing the best linguistic data to drive exceptional MT evaluation results in the latest report,” says Michel Lopez, CEO of e2f. He continues, “The human effort to create this linguistic data is essential to generating these golden datasets. Top AI companies who need the best language and data science expertise are increasingly turning to our workforce of linguists and data scientists as they grapple with the challenges of quality, cost, and domain expertise in this era of generative AI.”   

About Intento  

Intento enables global companies to translate 20x more on the same budget and makes their customer and employee experience instantly multilingual in 650+ languages through Machine Translation and AI.

Intento Enterprise MT Hub augments best-of-breed Custom NMT platforms with Source Quality Improvement, Automatic Post-Editing, and Translation Quality Estimation. Combining Machine Translation with Generative AI models (like GPT) enhances traditional translation workflows and achieves accurate, in-context translation.

Intento Enterprise MT Hub also integrates with existing software platforms, such as Salesforce, ServiceNow, and Translation Management Systems, to share MT/AI models across the enterprise and improve them based on feedback.

For more information, visit https://inten.to or book a demo with an Intento expert.

About e2f

Established in 2004, e2f helps people and machines communicate naturally, regardless of language, content, and culture. e2f solutions empower Fortune 50 brands to monitor, objectively assess, and improve communications on a global scale.

e2f delivers world-class translation and training data with its proprietary technology stack for AI services, translation, and quality review. e2f offers a global resource pool of skilled professionals in virtually all countries and languages.

Contact:
Nadia Guschina
media@inten.to

PR Newswire

Glory Star’s Subsidiary CHEERS Awarded National Invention Patent

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BEIJING, June 20, 2023 PRNewswire/ — Glory Star New Media Group Holdings Limited, (“Glory Star” or the “Company”) (Nasdaq: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced that its subsidiary, CHEERS, has been awarded an invention patent certificate by the National Intellectual Property Administration. This patent recognizes CHEERS’ outstanding research and development capabilities and innovation in the field of internet infrastructure services.

The newly-awarded invention patent, titled “Big Data-Based Data Analysis Method,” offers data output recommendations for various types of internet network businesses from multiple dimensions, addressing clients’ demands for enhancing user experience in software application. This cutting-edge technology further strengthens the Company’s leadership in data and content analysis, and showcases Glory Star’s commitment to technological advancement.

Mr. Bing Zhang, Chairman and Chief Executive Officer of Glory Star, commented: “This achievement is a testament to our dedication to innovation and our drive to stay ahead of the curve in the ever-evolving tech industry. The successful acquisition of this patent will not only improve our intellectual property protection system, but also give us an upper hand in market competition. We believe this will have a far-reaching impact on our technological innovation, market and brand influence, and help further consolidate our core competitiveness.”

About Glory Star

As a preeminent provider of next-generation mobile internet infrastructure services in China, Glory Star is dedicated to building a digital ecosystem that integrates “platforms, applications, technology, and industry” into a cohesive system, thereby creating a new, open business environment for web3.0 that leverages AI technology. The Company is developing a 5G+VR+AR+AI shared universe space that builds on cutting-edge technologies including blockchain, cloud computing, extended reality, and digital twin.

Glory Star’s portfolio already includes a wide range of products and services, such as North Star Xingyue Intelligent Cloud, Lingxi AI Platform, CHEERS Open Platform, CHEERS Video, CHEERS e-Mall, CheerReal, CheerCar, CheerChat, CHEERS Fresh Group-Buying E-commerce Platform, Digital Innovation Research Institute, CHEERS Livestreaming, variety show series, IP short video matrix, and more. These offerings provide diverse application scenarios that seamlessly blend “online/offline” and “virtual/reality” elements.

With “CHEERS+” at the core of Glory Star’secosystem, the Company is committed to consolidating and strengthening its core competitiveness, and achieving long-term sustainable and scalable growth.

For more information, please visit http://ir.gsmg.co/.

Safe Harbor Statement

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the occurrence of any event, change or other circumstances that could affect the Company’s ability to continue successful development and launch of its metaverse experience centers; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors; other factors, risks and uncertainties set forth in documents filed by the Company with the Securities and Exchange Commission from time to time, including the Company’s latest Annual Report on Form 20-F filed with the SEC on March 22, 2023. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.

For investor and media inquiries, please contact:

Wealth Financial Services LLC
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)

PR Newswire

SK hynix Receives International Certification for Automotive Memory Solution Development

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  • Obtains internationally recognized ASPICE Level 2 Certification through collaboration with Siemens
  • Aims to meet growing demand from automotive chip market, improve profitability with globally recognized NAND solutions

SEOUL, South Korea, June 20, 2023 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that it has received the automotive ASPICE Level 2 certification, marking the first case that a Korean semiconductor company wins the recognition.

* ASPICE(Automotive Software Process Improvement & Capability dEtermination): A guideline for automotive software development that was introduced by European carmakers to evaluate reliability and capabilities of auto part suppliers.

The certification, essential for automotive NAND solution products, is expected to lead to an increased supply and stronger profitability of the company’s NAND solution products such as Universal Flash Memory and Solid State Drive, of which combined market is expected to grow by more than an average 20% every year, the company said.

With introduction and adoption of electric vehicles and autonomous driving system, the importance of technology in the areas of electric and electronic parts of vehicles is also growing.

Particularly, with systems for Advanced Driver Assistance System and Infotainment getting more sophisticated, the importance of software quality management as well as compatibility and stability is growing, requiring auto part suppliers to obtain the ASPICE Level 2 or the equivalent.

To win the certification, SK hynix combined its digital transformation technology with Siemens’ certification solution, which helped result in optimization and success of a stable and efficient system for the overall research and development process ranging from design of software for vehicles and engineering of products to workflow.

The latest achievement follows obtainment of an ISO 26262: 2018 FSM(Functional Safety Management**) in November 2021 as SK hynix continues to deliver accomplishments in the automotive memory business with commitment to safety and reliability.

** ISO 26262: 2018 FSM(Functional Safety Management): An international standard for functional safety in automotive semiconductors set by the International Organization for Standardization.

SK hynix will now aim for the ASPICE Level 3 certification with a more advanced software development process.

“Our achievement comes at a time when product competitiveness of automotive memory solution is more important than ever,” Ahn Hyun, head of solution development, said. “We will aim higher and continue our efforts for development and stronger product competitiveness of automotive memory chips.”

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.

Source: SK hynix Inc.

PR Newswire

TDK Ventures expands into Europe; will use new $150-million Fund EX1 to invest in clean-tech startups

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  • TDK Ventures selected London for its first European office
  • New $150-million (USD) multi limited-partner Fund EX1 (EX = energy transformation) will focus on both European and North American-based electrification and decarbonization startups
  • TDK Ventures’ mission and values to invest in climate tech startups align with Europe’s ambitious goals to reduce greenhouse gas emissions by 50% and reach net-zero emissions by 2050

SAN JOSE, Calif., June 19, 2023 /PRNewswire/ — TDK Corporation (TSE: 6762) announced today that subsidiary TDK Ventures Inc., its corporate venture capital arm, is expanding into the European market with plans to invest in startups in the region. The company selected London as the site of its first outpost for its ambitious quest to nurture energy transition, electrification, and decarbonization throughout Europe. At the same time, TDK Ventures will initiate its $150-million (USD) multi-LP Fund EX1. The fund will focus on both European and North American-based energy-transformation startups in Seed and Series A stages.

After thorough research, TDK Ventures chose London due to its deep venture-capital density as well as startups and investment funds that focus on the environment. The company also was impressed with the city’s overall venture innovation ecosystem that comprises entrepreneurially minded scientific talent, a world-class university system, top-tier climate investors (both early and growth), centralized location, and access to strong public markets. 

“TDK Ventures has earned a reputation for successfully investing in and supporting highly innovative startups featuring incredible disruptive technologies in the realm of electrification and decarbonization,” stated Lord Dominic Johnson, UK Minister of State in the Department for Business and Trade, who is a veteran of over 25 years in the financial-services industry. “I wish them much success in their efforts in combatting the many climate issues that face us. I am thoroughly delighted London was chosen as the site for their first European office and I look forward to their participation in the European market and enthusiastically welcome them to the city of London.”

“Globally, London ranks third in climate-tech funding, and third in the number of climate and energy-tech investors,” explained Nicolas Sauvage, President, TDK Ventures. “The latter ranking rises to No. 2 in the world when all of the UK is included. It also has corporate-friendly governance as well as familiar taxation, board structures, and a legal environment for venture-backed startups to find appropriate exits. This, coupled with the presence of many large-scale, late-stage, and growth-equity funds led us to decide on London as our first outpost in Europe.”

Sauvage continued that “TDK Ventures is very thankful for and appreciative of the strong support we have received from the Venture Capital Unit of the UK Government Department for Business and Trade over recent years.” 

The recent breakthroughs in materials science and advanced manufacturing in the European Union have created a watershed era for electrification and decarbonization projects. TDK Ventures has a history of helping entrepreneurial organizations in this space access the resources they need to scale production and commercialize their products as key components of global carbon neutrality.

“I am delighted that TDK Ventures has chosen London as the site of its first European office,” said Natalie Black, His Majesty’s Trade Commissioner for Asia Pacific. “Including UK companies as potential recipients in its new $150-million Fund EX1 is a testament to the strength of the UK’s tech sector, which raised $31.1 billion in VC funding last year, making the UK the third largest market in the world for tech investment. I look forward to seeing TDK Ventures thrive in the UK in supporting our efforts to tackle climate change.”

To learn more about TDK Ventures, interested startups or investment partners should visit www.tdk-ventures.com or reach out at contact@tdk-ventures.com. 

About TDK Corporate

TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately “Attracting Tomorrow.” It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK’s comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2023, TDK posted total sales of USD 16.1 billion and employed about 103,000 people worldwide.

About TDK Ventures

TDK Ventures Inc. invests in startups to bolster innovation in materials science, energy/power and related areas typically underrepresented in venture capital portfolios. Established in 2019 as a wholly-owned subsidiary of TDK Corporation, the corporate venture company’s vision is to propel the digital and energy transformations of segments such as health and wellness, next-generation transportation, robotics and industrial, mixed reality and the wider IoT/IIoT markets. TDK Ventures will co-invest and support promising portfolio companies by providing technical expertise and access to global markets where TDK operates. Interested startups or investment partners may contact TDK Ventures: www.tdk-ventures.com or contact@tdk-ventures.com.

You can download this text and associated images from http://www.tdk-ventures.com/tdk-ventures-expands-into-Europe-will-use-new-150-million-Fund-EX1-to-invest-in-clean-tech-startups/

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Gaming, News

ROG Ally Officially Available in Malaysia

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Update 8:45pm – The ROG Ally First sales have sold out in record time!

Handheld gaming is going more mainstream than ever with the ASUS’s Republic of Gamers (ROG) throwing their hat in the ring. The recently announced ROG Ally is making its debut in countries across the world. The latest country to get the handheld gaming device? Malaysia of course!

ROG Ally Launch Event Product photo 01

The handheld runs on AMD’s Z1 Extreme processor. It runs on the latest Zen4 architecture and promises enough power to run most games and power efficiency for a respectable gaming session. The Malaysian version of the ROG Ally will come with 16GB of RAM and 512GB of internal SSD storage.

It comes with a 7-inch, IPS-level display with an FHD resolution of 1920×1080 pixels. It has a 120Hz refresh rate and 500 nits brightness.

The ROG Ally will officially be priced at MYR3,299. At the time of writing, ASUS has only announced a single variant of the ROG Ally for the Malaysian market. It will be available in retail on July 1, 2023, at the ROG Roadshow happening in Plaza Low Yat and at ROG Ally authorized dealers nationwide.

ROG Ally Travel Case 10
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Together with the gaming handheld, ASUS is offering a slew of accessories including the ROG Ally Travel Case priced at MYR199 and the ROG Gaming Charger Dock which comes with HDMI 2.0 support at MYR299.

ROG Gaming Charger Dock Scenario photo 01

Of course, being an ROG device, the Ally is also compatible with ROG’s XG Mobile platform which provides even more power for the device when you hook it up. They give access to top-of-the-line GPUs for mobile devices which include the ROG Flow Z13 laptops. There are currently three versions available in Malaysia, the XG MOBILE RTX4090 which retails for MYR 999, the XG MOBILE RTX3080 which retails for MYR7999 and the XG MOBILE RX 6850M XT which retails at MYR6999.

ROG ALLY Authorized Dealer Promo

The first sales which are happening now will be bundled with the ROG CETRA True Wireless earbuds, the ROG Ally Travel Case, the ROG Gaming Charger Dock, a screen protector and 9-month access to XBOX PC GamePass. The bundle is worth MYR1,299.