Category Archives: PR Newswire

PR Newswire

Growatt introduces new generation three-phase inverter into Brazilian market

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SAO PAULO, July 11, 2020 — Growatt, one of the world’s top 5 three-phase string inverter suppliers according to IHS Markit, introduces MAC series of its X generation inverters for three-phase solar PV market in Brazil. The new inverter series provide flexibility to meet the grid requirement of different voltages for commercial and industrial (C&I) solar plants, including MAC 15-36KTL3-XL for three-phase application at 220V and MAC 50-70KTL3-X LV/MV at 380V

Growatt’s MAC inverter provides better performance and higher ROI. The inverter comes with a maximum efficiency of 98.8% and a maximum DC voltage at 1100V. It has 3 MPPTs to improve the capability to handle irregular roofs when designing the PV system. It’s also compatible with bifacial modules and can lower LCOE for system owners. MAC inverter has very appealing and user-friendly design with OLED display and touch button that has a longer lifespan and can last over three million clicks!

Additionally, MAC has the local WiFi function for installers and service engineers for the purpose of configuration and troubleshooting. The inverter also works with a variety of devices through communication options such as 4G, GPRS and WiFi for remote monitoring, which can reduce onsite visits and O&M costs. System owners can also log onto Growatt’s ShinePhone App to check power generation and carbon emissions reduction.

“With the introduction of MAC 15-36KTL3-XL and MAC 50-70KTL3-X LV/MV, we can now meet the requirements of most C&I solar plants in Brazil,” said William Xu, Growatt Brazil Sales Manager. “Growatt is committed to the development of solar energy in Brazil. With our service center established in Mogi das Cruzes early last year, we have a stronger foundation to expand our businesses across Brazil along with our partners!”

About Growatt

Growatt is a global leader of PV inverters, storage and smart energy solutions. Growatt ranked in top 10 global PV inverter suppliers in 2019 according to IHS Markit. The company was also among the top 3 global suppliers of single-phase inverters and the top 5 of three-phase string inverters. By far, Growatt has shipped 17GW of PV systems and established an extensive service network with 13 branch offices and warehouses worldwide.

Related Links :

http://www.growatt.com

PR Newswire

Mercurity Fintech Holding Inc. Announced Changes to Board Composition

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BEIJING, July 11, 2020 — Mercurity Fintech Holding Inc. (the “Company” or “MFH”) (Nasdaq: MFH) today announced that Mr. Samuel Y. Shen has been appointed as independent director to the Company’s board of directors (the “Board”) and a member of the compensation committee of the Board. Concurrently, Mr. Min Zhou has resigned from the Board, the audit committee of the Board and the compensation committee of the Board for personal reasons. These changes were effective on July 9, 2020.

Mr. Samuel Y. Shen has been in the internet and technology industries for more than 20 years. He currently serves as executive chairman for new retail business group at 21Vianet Group, Inc. (Nasdaq: VNET), a leading carrier- and cloud-neutral Internet data center services provider in China. In 2020, he also co-founded Apurimac Partners Inc., a private investment firm with focus on digital real estate and edge computing industries, and serves as its founding partner. Prior to that, Mr. Shen was president for JD Cloud, a full blown public cloud provider in China and a wholly owned subsidiary of JD.com, Inc. (Nasdaq: JD) from 2017 to 2020. Mr. Shen also had a 23-year career at Microsoft (Nasdaq: MSFT) taking various leadership roles, during which he worked at the head quarter and international subsidiaries from 1993 to 2017. His most recent position at Microsoft was chief operating officer and managing director for the Cloud & Enterprise Group of Microsoft Asia-Pacific Research & Development Group. Mr. Shen received his Bachelor of Science degree in chemistry from National Tsing Hua University in 1986 and his Master of Science degree in computer science from University of California, Santa Barbara in 1991. From 2001 to 2002, he also attended executive class program at Northwestern University Kellogg School of Management.

Ms. Hua Zhou, Chairperson of the Board and Chief Executive Officer, commented, “On behalf of the Board, I would like to thank Mr. Min Zhou for his contribution to the Company and wish him every success in the future. At the same time, we are pleased to welcome Mr. Samuel Y. Shen as our new Board member. His extensive leadership experience and corporate governance expertise in the internet and technology industry will provide us with valuable guidance as we continue to grow our business.”

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend, ” “ought to, ” “plan, ” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact:
Xingyan Gao
Mercurity Fintech Holding Inc.
ir@mercurity.com
Tel: +86 (10) 5360-6428

Related Links :

http://ir.ccjmu.com/

PR Newswire

Welcome to NETX – Global Conglomerate Bellagraph Nova Group Launches Latest Technolgy Platform Focusing on AI + Robotics + Healthcare

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PARIS, July 10, 2020 — Headquartered in Paris, France, the Bellagraph Nova Group (BN Group), the multi-national conglomerate overseeing 31 business entities across 100 countries is the world’s fastest growing 360 degree lifestyle platform. 

The BN Group is proud to announce its latest project to its ever-increasing portfolio: NETX, an exciting new division focused on the development and application of robotics and Artificial Intelligence (AI) technology. 

In December 2019, the three founders of the BN Group, Terence Loh, Nelson Loh, and Evangeline Shen hosted a closed door discussion session with Barack Obama, the 44th President of the United States of America to discuss their views on how technology will bring about the next industrial revolution. The three founders passionately shared their vision where technological disruption is essential to bringing about positive change in our society. As a result of their historic meeting with Barack Obama, NETX was born … The rest as they say is history.

(L-R) Bellagraph Co-Founders Nelson Loh, Evangeline Shen, President Barack Obama and Terence Loh having an engaging discussion on how the BN Group wants to harness technology to benefit mankind
(L-R) Bellagraph Co-Founders Nelson Loh, Evangeline Shen, President Barack Obama and Terence Loh having an engaging discussion on how the BN Group wants to harness technology to benefit mankind

In President Obama’s own words, ” What we’re seeing here is the way that technology is changing not just how you do business, not just how you buy products, but also how you interact, how you organize politically, how you get involved in the community and how you solve problems. And all of that can support millions of new jobs.”

Those very own words of President Obama prompted the three founders’ subsequent quote: “Following our meeting with President Obama in Dec 2019, the three of us were greatly inspired by his vision. It resonated strongly with ours, so much so our exhilarated actions led to the launch of NETX.” Over the last 6 months, it has been a primary focal point of the BN Group to channel its energy and global resources into the development and commercialization of the rapidly growing global robotics market which is forecast to grow to over US$160 billion by 2025. Especially in light of the post COVID-19 pandemic, the global adoption of AI and robotics will be even faster and across all aspects of our lives.

During the COVID-19 pandemic, NETX already dispatched domestic service robots to support frontline healthcare workers worldwide, protecting over 80,000 patients and medical staff. NETX has also implemented AI in its Remote Access technology which has greatly reduced the risk of exposure in otherwise hazardous conditions. In seeing the successful applications of NETX’s robotics and AI technology, the BN Group is planning the distribution and implementation of NETX to the company’s worldwide network of hospitals, clinics, commercial and retail locations.

While many questions still remain unanswered regarding the world of robotics and how these machines will affect society, there should be no question of the Bellagraph Nova Group’s unwavering commitment to simply making our world a better place by investing in the future with its focus on the development and application of robotic technology in its latest exciting chapter, NETX.

ABOUT BELLAGRAPH NOVA GROUP

Sustainability, diversity and ethics, constitute the cornerstone of BN Group’s model and compliance policy for its executives, employees and stakeholders. Our emblem is the butterfly, the symbol par excellence of endurance and perennial metamorphosis.

The Group is headquartered in the famous 10 Place Vendôme in Paris, France. With 31 entities in over 100 countries, the combined US$12 billion revenue Bellagraph Nova Group is the world’s fastest growing 360 degree lifestyle platform.

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PR Newswire

Hellobike unveils trifecta of innovative shared mobility AI technologies at WAIC2020

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SHANGHAI, July 10, 2020 — Hellobike, China’s two-wheel transport industry leader, has unveiled three revolutionary shared mobility AI technologies at the 2020 World Artificial Intelligence Conference (WAIC2020), taking place virtually between 9 and 11 July. In line with the conference theme, ‘Intelligent Connectivity, Indivisible Community’, Hellobike showcased its independent research and development into solutions that enable cities to create convenient, greener urban transportation ecosystems.

Hellobike's non-motorized vehicle safety management system
Hellobike’s non-motorized vehicle safety management system

During its presentation on 10 July, Hellobike unveiled three innovative technologies that leverage AI, big data, cloud infrastructure and the IoT: the Hermes road safety system, non-motorized vehicle safety management system, and fixed-point return. Hellobike’s participation in WAIC2020 follows its highly successful debut at the conference last year, where the company unveiled exciting AI projects including the Hello Brain smart transportation OS and the Argus visual interaction system.

Hellobike's new model A40
Hellobike’s new model A40

“We are honored to take part in WAIC2020 for the second year running. As the shared bike industry leader, WAIC2020 is the ultimate platform for us to demonstrate how we harness AI technology and work hand-in-hand with the state to build the city of the future,” said Li Kaizhu, President of Hellobike.

Hellobike’s latest technologies usher in the 3.0 era of China’s bike-sharing industry: a new model that sees shared bicycles organically integrated into the urban public transportation ecosystem. Through strengthened cooperation between transport providers and municipal governments, the 3.0 era provides a systematic mechanism to help Chinese cities tackle unique operational challenges, address parking management, and streamline shared bike deployment and distribution.

Hellobike’s Hermes road safety system integrates AI algorithms to provide users with a better, safer shared transport experience. Built as a scenario-based solution, Hermes automatically performs failsafe tests on both user behavior and the bike at the beginning, middle and end of their riding journey. If the system detects technical issues, dangerous operation or user violations, Hellobike delivers a risk warning to the user through the bike’s built-in speaker.

Based on insights gathered from mining big data, Hellobike also found that the use of non-motorized vehicles can lead to chaotic, unsafe road conditions. To address this, Hellobike has partnered with local governments to develop non-motorized vehicle safety management systems tailored to each city’s unique traffic conditions. Using video AI technology for data collection and situation analysis, as well as spatial data, Hellobike helps cities establish new vehicle management systems built upon data visualization, intelligent data processing and smart decision-making applications.

Furthermore, Hellobike has cooperated with city officials to promote improved traffic safety, simplified parking and enhanced city appearance through a shared bike management operation plan. Hellobike has established a number of convenient fixed-point return locations using electronic fencing, Bluetooth road studs, AI and the IoT. Fixed-point return encourages users to park at designated locations, while making it easier for staff to locate and redistribute vehicles across the city.

Hellobike President Li Kaizhu and Chief Scientist Liu Xingliang will also take part in WAIC2020’s AI TALK and big data forum alongside entrepreneurs from leading local and global tech companies to discuss the applications of AI technology. In addition, Hellobike plans to host its first Technology Open Day on 31 July at its Shanghai headquarters, where users can tour the space, test new vehicles, and discover the technological innovations behind Hellobike.

About Hellobike

Hellobike has continuously built user-friendly and sustainable transport services in sectors such as shared bicycles, shared e-bikes and car-pooling. As a business leader in two-wheeled transport, users have taken more than 12 billion trips on Hellobike vehicles over the past three years. Hellobike now operates in more than 360 Chinese cities.

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PR Newswire

AMN Passes Milestone of 1 Billion Phone Calls Per Year

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LONDON, July 10, 2020 — Africa Mobile Networks (AMN) is pleased to announce that it now processes more than 1 billion phone calls annually for subscribers in previously unconnected rural areas in Sub-Saharan Africa.

AMN 20m tower in DRC
AMN 20m tower in DRC

In June 2020, AMN processed 91,623,222 voice calls, representing an annualised rate of 1.1 billion calls per annum, plus also nearly 6 terabytes (6,000 GB) of data. These services are provided to rural users in Sub-Saharan Africa who previously were mostly unconnected before AMN’s investment in the mobile network infrastructure. AMN now owns and operates approximately 1,200 base stations serving a population of 4 million people in 8 countries: Nigeria, DRC, Cameroon, Guinea, Zambia, Bissau, Liberia and Congo. The 2G/3G/4G mobile network services are provided by AMN on behalf of tier-1 licensed mobile network operators in each country.

AMN is installing new base stations at a rate of about 200 per month and by the end of 2020 will have nearly 2,000 base stations. AMN ultimately aims to deliver mobile network services to over 60 million people in up to 30 countries with more than 20,000 base stations. AMN’s solutions are 100% ubiquitous, without restrictions due to power or backhaul connectivity, and can be deployed at any location throughout the continent with no exceptions.

AMN’s success has been built on ultra-low capex and opex solutions, and an innovative, fully-turnkey Network-as-a-Service (NaaS) commercial model, which enables AMN to deliver mobile network services economically to smaller communities than has ever been possible before. AMN is now able to serve communities as small as 500 people with long-term economic sustainability. All of the major pan-African tier-1 operators partner with AMN to extend their network coverage deep into rural Africa. AMN offers the turnkey NaaS model with both revenue-share and opex commercial models for the operator, where revenue-share means no opex risk as well as no capex investment for the operator and the opex model enables sites to be built at any location specified by the operator.

About AMN

Africa Mobile Networks, established in 2013, is headquartered in the UK with subsidiary operating companies in 10 countries in Sub-Saharan Africa. AMN’s vision is for no community of any size in Africa to be without affordable access to essential voice and data telecommunication services. AMN’s mission is to build more than 20,000 mobile network base stations, delivering 2G, 3G and 4G (and later 5G) telecom services to previously-unconnected communities. AMN is backed by Intelsat, operator of the world’s largest integrated satellite and terrestrial network, as an investor, shareholder and provider of access to high-quality and high-throughput satellite capacity across Africa. AMN enjoys a strong partnership with a global internet giant to accelerate the inclusion of 3G/4G services to provide rural users with access to the same information and social media applications enjoyed by the rest of the world.

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AMN 12m tower in Zambia
AMN 12m tower in Zambia

Related Links :

http://www.africamobilenetworks.com

PR Newswire

haiwainet.cn: Transactions hit $166 million at the 2020 China Guiyang Fair

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GUIYANG, China, July 10, 2020 — Recently, the three-day 2020 Guiyang Import and Export Online Fair has drawn big audience and revenues. Buyers from more than 40 countries and regions, 4,763 enterprises and over 20,000 pieces of global commodities have conducted negotiations and transactions in Guiyang through the Internet platform. The total online and offline transaction volume reached 166 million US dollars.

The Opening Ceremony of 2020 Guiyang Import and Export Online Fair (By Xiongzeng Zheng)
The Opening Ceremony of 2020 Guiyang Import and Export Online Fair (By Xiongzeng Zheng)

Located in southwestern China, Guiyang is the capital of Guizhou Province and has won the title of "China’s Benchmark City in international Business Environment." It is an important transportation and communication hub, industrial base and trade and tourism service center in southwestern China, as well as a national big data industry development cluster.

With a population of nearly 5 million, Guiyang’s per capita GDP reached $12,000 in 2019, higher than the Chinese average. Trade officials, ambassadors, business representatives and well-known experts from Asia, Europe, North America, Africa, Oceania have actively participated in the Fair and carried out cloud dialogues. A short video introducing the Fair has been popular on YouTube, where it has been viewed more than 700,000 times.

According to the organizer, the results of the first fair show that Guiyang is a city of opportunities for investment and trade. In the future, Guiyang will further promote high-quality development and high-level opening-up, and welcome friends from all over the world to invest and start businesses.

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PR Newswire

Asia Pacific University wins the Atos IT Challenge 2020 with innovative app

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‘PestKillerBot’ uses drones to manage pest control in floricultural fields

PARIS, July 10, 2020 — Atos, a global leader in digital transformation, today announces the winners of its international student competition, the Atos IT Challenge. The winners were presented with their awards yesterday during the Ceremony which took place during the digital Atos Technology Days. Now in its ninth year, the competition saw teams from 27 countries around the world compete on the theme of ‘Cooperative Artificial Intelligence‘.

Winning team of Atos IT Challenge 2020.
Winning team of Atos IT Challenge 2020.

 

After an initial first round in which 16 teams were selected, the Atos IT Challenge Jury, made up of experts and Atos executives, chose three finalists. These are:

  • 1st prize and competition winner: Asia Pacific University, Malaysia

"PestKillerBot" is an innovative and easy-to-use application which eliminates the pest in floricultural fields using drones which perform pest control and data collection. The Drone simulator autonomously flies over a field to detect diseases or harmful bugs and kills them. The solution architecture is divided into four parts: the Area Allocation, Path Finding with Path Planning, Pest Detection, and Drone Activation Simulation allowing users to see how the divided field is covered by each drone. The students have developed a drone prototype with a 3D printer and several components.

The team won EUR10,000 and each student was offered the opportunity to do either an internship at Atos or to work together with the company to develop their project.

  • 2nd prize: Instituto Tecnologico de Estudios Superiores Monterrey, Mexico

This innovative solution called "Digital Water" aims to deliver water consumption solutions to households and the water supply company. It is a web application that predicts water consumption and the water level across 3 dams. The aim of the project is to provide details so that users can track consumption levels, waste, and issues to improve water resource management. The team has five years’ worth of data. They have trained their modes for four years and have tested it for one year.

The team won EUR5,000 and each student was offered the opportunity to do either an internship at Atos or to work together with the company to develop their project.

  • 3rd prize: Josip Juraj Strossmayer University of Osijek, Croatia

With an innovative solution to improve traffic, the "CTC – Cooperative Traffic Control" app simulates traffic light controls using Deep Reinforcement Learning. Each junction acts as an agent that takes an action (extends or reduces the green/red time) depending on the cars and waiting time in the lane. The application also gets information from the nearest junctions. The team has trained and tuned the model to get the best model configuration for the traffic light control.

The team won EUR3,000 and each student was offered the opportunity to do either an internship at Atos or to work together with the company to develop their project.

This year, the jury also awarded a special prize to an entry that particularly stood out, for both the significance of the topic tackled and the dedication of the team.

  • Special Jury prize: Loughborough University, United Kingdom

"Initial Survey Swarm" is a solution for a maze simulator where drone agents collect knowledge about a maze over a set period. The drones can share the information they find to search destroyed buildings by generating a 3D map or representation of it after an earthquake or where there is a lack of internet coverage.

At the end of the ceremony, Sophie Proust, Group Chief Technical Officer, Atos said: "AI technology is revolutionizing all sectors of the economy and society, and today the brilliant students in the Atos IT Challenge demonstrated real entrepreneurial skills by offering innovative and concrete solutions that meet the new needs of cooperative AI expressed by businesses and individuals. I am impressed by the outstanding creativity and the quality of the contributions of the award-winning finalists. Congratulations to our winners and to all of our contestants!"

The Atos IT Challenge 2021 was also announced. Next year, students will have the opportunity to develop innovative concepts around the theme of "How digital can help decarbonize non-digital".

Since its creation in 2012, the Atos IT Challenge has empowered students from around the world to develop applications connected to major trends in the digital revolution, such as smart mobility, connected cars, interactive media, connected life, the "right to be forgotten", blockchain and artificial intelligence. Students are mentored by members of Atos Scientific Community who provide technical and practical support, advice and encouragement.

Find us on Facebook: AtosITChallenge

Follow us on Twitter: @AtosITChallenge and hashtag #AtosITChallenge

About Atos

Atos is a global leader in digital transformation with over 110,000 employees in 73 countries and annual revenue of over EUR 11 billion. European number one in Cloud, Cybersecurity and High-Performance Computing, the Group provides end-to-end Orchestrated Hybrid Cloud, Big Data, Business Applications and Digital Workplace solutions. The group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and operates under the brands Atos, Atos Syntel, and Unify. Atos is a SE (Societas Europaea), listed on the CAC40 Paris stock index.

The purpose of Atos is to help design the future of the information technology space. Its expertise and services support the development of knowledge, education as well as multicultural and pluralistic approaches to research that contribute to scientific and technological excellence. Across the world, the group enables its customers, employees and collaborators, and members of societies at large to live, work and develop sustainably and confidently in the information technology space.

Press contact:

Philippe-Edouard Mbarga: philippe-edouard.mbargamengue@atos.net | +33 7 81 00 04 51

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PR Newswire

“Hong Kong E-commerce Development Summit” & “E-Commerce Youth Entrepreneurship Scheme” drives e-commerce development in Hong Kong and promotes youth entrepreneurship

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HONG KONG, July 10, 2020 — Co-hosted by Guangdong Hongkong and Macau Youth Enterpreneurship Incubator, together with the Hong Kong eCommerce Research Centre, and organized by Bonjour Technology, the "Hong Kong E-commerce Development Summit" & "E-Commerce Youth Entrepreneurship Scheme" was officially launched today at Bonjour Group Centre in Bonjour Tower. The "Hong Kong E-commerce Development Summit" discussed how the converging of capital flow, logistic flow and data flow empower the e-commerce industry to become the main driving force of Hong Kong’s future economic development and young entrepreneurship. "E-Commerce Youth Entrepreneurship Scheme" also kicked off today, aiming to encourage and assist university students in Hong Kong to kickstart their own career in e-commerce without any costs; and to promote the development of e-commerce in Hong Kong.

Hong Kong E-commerce Development Summit

The Summit gathered the e-commerce industry’s top-level professionals, including the representatives of six e-commerce associations, namely Hong Kong Federation of E-commerce, Hong Kong Entrepreneurs Association, Hong Kong Internet and e-Commerce Association, Hong Kong Federation of E-commerce, Hong Kong Cross-border E-commerce Association and Hong Kong Blockchain Industry Association, as well as representatives from leading e-commerce enterprises including Alibaba, Tencent, JD, eBay and Google, to discuss how the synergy of capital flow, logistic flow and data flow empowers the e-commerce industry and capitalizes Hong Kong’s traditional advantages to build a successful e-commerce service system in the Greater Bay Area. The Summit also focused on how e-commerce becomes the main driving force of Hong Kong’s future economic development, how new technologies and new economies promote the development of traditional local enterprises, as well how enterprises benefit from e-commerce to encourage young entrepreneurs. The Summit aimed to strengthen the local enterprises’ understanding on e-commerce and further drive the development of the retail industry.

E-Commerce Youth Entrepreneurship Scheme

The Scheme was hosted by Guangdong Hongkong and Macau Youth Enterpreneurship Incubator, and organized by Bonjour Technology, aiming to at nurture young local e-commerce entrepreneurs and enhance the development of e-commerce in local businesses. The Scheme will take on 1,000 Hong Kong university students. Students who are interested in the scheme can apply online starting from today (see attached QR Code) and will have the opportunity to develop their own e-commerce businesses on the systematic and comprehensive sales platform established by Bonjour Technology. Bonjour Technology invested approximately HK$50 million to provide professional trainings and assist participants to start their own businesses with ease so as to enhance the development of e-commerce in local businesses

Mr. Clement J W CHEN, JP, Honorary Chairman of Guangdong Hongkong and Macau Youth Enterpreneurship Incubator, said: "The development of e-commerce has become a new trend. We hope to bring innovative business opportunities to the young generation. By providing various resources and trainings on our platform, we aim to nurture a group of e-commerce entrepreneurs. We encourage the youngsters to take on challenges and grasp the opportunity to join this E-Commerce Entrepreneurship Scheme, with a hope to drive e-commerce development in Hong Kong and act as a catalyst to  the development of Hong Kong’s e-commerce enterprise ecosystem."

PR Newswire

ChipMOS REPORTS 10.7% YEAR-OVER-YEAR INCREASE IN 2Q20 REVENUE; JUNE MONTHLY REVENUE INCREASES 9.0% YEAR-OVER-YEAR

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HSINCHU, July 10, 2020 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported its unaudited consolidated revenue for the month of June 2020 and for the second quarter ended June 30, 2020. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$29.44 to US$1.00 as of June 30, 2020.

Revenue for the second quarter of 2020 was NT$5,428.1 million or US$184.4 million, representing an increase of 10.7% from the second quarter of 2019, and a decrease of 2.8% from the first quarter of 2020.

Revenue for the month of June 2020 was NT$1,784.5 million or US$60.6 million, representing an increase of 9.0% from June 2019, and a decrease of 0.3% from May 2020.  

The Company noted this represents a six year record high for its second quarter revenue. ChipMOS continues to benefit from growth in its memory business, led by DRAM and NOR flash demand in support of cloud-based storage services and applications, ongoing 5G network buildouts worldwide, and higher demand from the gaming market and in support of increased work and school from home needs.  Within its DRAM business, commodity DRAM was stronger in the second quarter 2020 than niche DRAM.  DDIC revenue was impacted by continued softness in smartphones and TVs, both of which are positioned for a potential rebound in growth in the second half of 2020 due to rationalized inventory in the supply chain along with an expected demand recovery.

Consolidated Monthly Revenues (Unaudited)
 

June 2020

May 2020

June 2019

MoM Change

YoY Change

Revenues

(NT$ million)

1,784.5

1,789.3

1,636.7

-0.3%

9.0%

Revenues

(US$ million)

60.6

60.8

55.6

-0.3%

9.0%

Consolidated Quarterly Revenues (Unaudited)
 

Second Quarter 2020

First Quarter

2020

Second Quarter 2019

QoQ Change

YoY Change

Revenues

(NT$ million)

5,428.1

5,586.8

4,905.3

-2.8%

10.7%

Revenues

(US$ million)

184.4

189.8

166.6

-2.8%

10.7%

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (https://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. 

Forward-Looking Statements

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors, including the potential impact of COVID-19.  Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange commission (the “SEC”) and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

Related Links :

https://www.chipmos.com
PR Newswire

12th Venture Week for International Elites in Suzhou and 1st Suzhou Scientists Day begin

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NANJING, China, July 10, 2020 — Two representatives of scientists were rewarded Suzhou Scientist Medal.

12th Venture Week for International Elites in Suzhou and 2020 International Talent Innovation and Entrepreneurship Cloud Expo starts.
12th Venture Week for International Elites in Suzhou and 2020 International Talent Innovation and Entrepreneurship Cloud Expo starts.

On July 10, 2020 Venture Week for International Elites and 1st Scientists Day began in Suzhou, according to the Organizing Committee of 2020 Venture Week for International Elites in Suzhou.

At the opening ceremony, the 1st "Suzhou Scientists Day" launching ceremony was held, the "Suzhou Scientist Medal" was awarded, the International Talent Innovation and Entrepreneurship Cloud Expo was unveiled. New Policy of Talents 4.0, Innovation Talents Cooperation Map, Innovation Center, Talents Association, Recruitment Alliance, International Maker Center Launching Ceremony and other series of activities were released. This year’s Venture Week for International Elites uses a combination of online and offline to attract talents, continuing to invite talents to come to Suzhou and create an "entrepreneurship week that never ends".

This year’s Venture Week embodies four characteristics: First, Suzhou gathers "scientists". Venture Week closely follows the goal of creating an "international source of innovation", widely gathering international and domestic scientific and technological elites, and over 60 academicians as the main scientists will participate in the main venue activities by various ways. At the launching ceremony of the first "Suzhou Scientist Day", Qian Qihu, laureate of the Highest Science and Technology Awards, academician of the first session in the Chinese Academy of Engineering, professor of the Army Engineering University of PLA, director of the National Center for Hematological Diseases Clinical Medicine Research Center, Ruan Changgeng, academician of the Chinese Academy of Engineering, Professor of Suzhou University Medical School was awarded the "Suzhou Scientist Medal" as a representative of outstanding scientists who made significant contributions to Suzhou.

Second, it is to accelerate "Cloudization". This year’s Venture Week uses a combination of online and offline. On the one hand, it focuses on building two major cloud platforms for the recruitment of talents. On the other hand, the combination achieved the whole process of recruitment minimize the impact of the epidemic and create an entrepreneurship week that never ends.

Third, it focuses on the "industrial chain". To highlight the industry chain’s talent orientation, for the first time Suzhou host the International Maker Competition and the global finals (domestic special), organized the city’s high-quality science and technology institutions and venture capital funds for the entire process of docking and follow-up investment, to further strengthen the introduction of talents.

The fourth is to empower the "big ecology". Aiming at creating the goal of "Supreme Service, Super Suzhou", focusing on the release of "Innovation Talents Cooperation Map", Suzhou focused on the ecological brand and actively expanded the "friend circle" of talent. Suzhou focused on the two key elements of talent and capital and established high-end talent recruitment alliance and talent venture alliance.

2061 innovation and entrepreneurship projects were collected in this year’s Venture Week, including 977 overseas projects and 1084 domestic projects. During the opening event, there were 1,720 domestic talent guests with projects participating in the main venue and 10 county-level cities and divided venues; 14 domestic and foreign branch venues, 15 domestic and foreign makers incubation centers, and 31 foreign organization will participate and watch the live webcast of the opening ceremony of the main venue and the "Cloud" negotiation and docking.

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Caption: 12th Venture Week for International Elites in Suzhou and 2020 International Talent Innovation and Entrepreneurship Cloud Expo starts.