Electronics Archives - Page 6 of 17

Legend Holdings Recorded a Revenue of RMB233.4 Billion in H1 2024

– With Efforts on the Development of New Quality Productive Forces

Legend Holdings Corporation (Legend Holdings or the Company, HKG: 3396) announces the unaudited condensed consolidated interim results of the Group for the six months ended 30 June 2024 (the Reporting Period). In the first half of 2024, adhering to high-quality development driven by technological innovation, Legend Holdings prioritized stability while pursuing progress, responded to changes in macro factors, strived to develop new quality productive forces, and the Company’s core competitiveness was steadily improved. During the Reporting Period, the Company recorded revenue of RMB233.4 billion, representing a 16% year-on-year increase, with net profit increasing to RMB2.805 billion. The net profit attributable to equity holders of the Company was RMB286 million, and this year-on-year decrease recorded was primarily due to the increasing complexity and uncertainty of global economy, which had impacts on profits contributed by diversified-industries operation segment as well as the investment business of industrial incubations and investments segment.

During the Reporting Period, Legend Holdings continued to drive industrial innovation through sci-tech innovation, emphasizing new quality productive forces as a key focus for the enterprise’s high-quality development, expanding its presence in frontier industries such as artificial intelligence, biopharmaceuticals, advanced materials and new energy, while exploring emerging frontiers and achieving positive outcomes in building up modernized industrial system. The Company has been committed to increasing its investment in technology development and innovation, with accumulated R&D investments increasing 3.4% to RMB7.3 billion. Lenovo Group, a subsidiary of Legend Holdings, achieved milestone breakthroughs in strategic products, including the launch of the first AI PCs worldwide and several AI servers. Meanwhile, the Legend Holdings Family Group has stepped up developments in frontier industries such as advanced materials, innovative drugs, biomanufacturing, and commercial space. Legend Holdings has also made forward-looking investments, making early moves in new sectors such as quantum technology and life sciences, which are expected to become the growth drivers for new quality productive forces. During the Reporting Period, Legend Holdings has invested in nearly 40 technology projects, and to date, the Company has invested in a total of 120 national specialized and innovative “little giant” enterprises, maintaining an industry-leading position.

Legend Holdings has always been committed to serving national strategic needs and actively promoting the high-quality development of the manufacturing industry chain. By advancing new industrialization and boosting China’s strategic strength in manufacturing, and digital development, Legend Holdings has promoted the intelligent transformation and upgrading of China’s manufacturing industry. Currently, 90% of China’s top 500 manufacturers, over 1,000 leading manufacturing enterprises, and more than 2,000 growth manufacturing enterprises have received support from the Legend Holdings Family Group. Meanwhile, funds under the management of Legend Holdings have invested over RMB20 billion in the manufacturing sector, promoting the listing of dozens of manufacturing enterprises and fostering about 20 niche-sector leaders in the industry. As the world’s leading AI full-stack product portfolio and solution service provider, Legend Holdings has intensified its efforts to expand its footprint in AI and promote AI applications and built a vibrant AI+ application ecosystem with cumulative investments in over 250 AI-related companies. Meanwhile, Legend Holdings has actively promoted the industrialization of digital sectors and digital transformation of various industries. This includes supporting the proactive construction of digital infrastructure, and building a nationwide integrated computing power network to advance the deep integration of the digital economy with the real economy.

Legend Holdings has always insisted on integrating the green concept into its high-quality development and actively fulfilled its social responsibilities. Lenovo Group was the first domestic high-tech manufacturer to pass the Science Based Targets initiative (SBTi) net-zero target validation, and its MSCI ESG rating remains at AAA, the highest rating in this assessment. A number of green industrial projects newly laid out by Levima Advanced Materials were completed in the first half of the year, and multiple projects are scheduled to be completed and put into production in 2025. ZQET Group is expanding in the photovoltaic industry. It has invested in a 20GW N-type high-efficiency solar cell smart manufacturing project, with the first phase already in operation and its core products ranking among the top tier of the industry. Meanwhile, Legend Holdings focuses on systematic planning and long-term investment in public welfare areas such as “rural revitalization”, “innovative technology” and “promoting righteousness”, and has been keeping contributing Legend’s value to the society.

In the face of challenges and opportunities, Legend Holdings will continue to deepen the high-quality development led by scientific and technological innovation. While strengthening its industrial foundation and optimizing the resource allocation, the Company will expand its presence in frontier areas, cultivate emerging and future industries, further focus on new quality productive forces, and build its new core competitiveness.

AAC Technologies’s CFO Guo Dan: Expects 15% Growth in Revenue of Main Business

– while the Growth of the Group May Exceeds 30% After PSS Consolidation

On August 22, AAC Technologies (HKG: 2018) held its 2024 interim results presentation in Hong Kong, delivering remarkably impressive performance.

According to the Interim Report, in the first half of 2024, AAC Technologies achieved a revenue of RMB 11.25 billion, hitting a new high since its listing, with a year-on-year revenue growth of 22.0% and a gross profit margin of 21.5%, up by 7.4 percentage points year-on-year. The net profit amounted to RMB 537 million, representing a significant increase of 257.3% year-on-year. Notably, PSS, which was announced to acquire last year, contributed a consolidated revenue of approximately RMB 1.5 billion in the first half of the year, with a gross profit margin of approximately 25.0%.

During the interview, Ms. Guo Dan, the CFO of AAC Technologies stated that in the first half of 2024, all business segments of AAC Technologies made positive progress, significantly enhancing profitability and maintaining a continuous growth in gross profit margin. More importantly, the performance of the interim results indicated the potential growth value brought by the Company’s strategic transformation. It is expected that the operating revenue of the Group (excluding PSS) for the year will increase by 15% compared to last year. Additionally, the consolidation of PSS is expected to contribute approximately RMB 3 billion. Overall, the total revenue of the Group for 2024 is projected to grow by over 30% year-on-year, with a gross profit margin in the range of 22% to 25%.

Benefitting from the surge in AI smartphone upgrades in the next 1-2 years
At the interim results presentation, AI smartphones took center stage as a key topic. Guo Dan believes that AI smartphones are still in the early stages, with software-driven enhancements propelling hardware upgrades. There has already been a trend of increased shipments and overall improvement in ASP for product categories such as acoustics, mechanics and microphones. Looking ahead, with the further development of AI smartphones and functionalities, hardware component is expected to continue to advance in the coming years.

“AI smartphones have great potential for innovation. In the next 1-2 years, we will see some changes, with an acceleration of changes in the 3-5 year period, bringing us many opportunities and driving multiple product lines,” Guo Dan stated. She cited examples such as new trends in hardware like foldable and ultra-thin form factors, and the Company’s unique innovative speakers, and Combo (two-in-one product, which integrates a speaker and an actuator) can better meet market demands.

Moreover, AI smartphones have higher power consumption and require better heat dissipation solutions. AAC Technologies has industry-leading advantages from material sourcing to lean manufacturing processes and simulation design. Additionally, as the demand for human-machine interaction in AI smartphones increases, requiring more precise voice commands and functionalities, this will further drive the Company’s MEMS microphone upgrades, boosting prices and profit margins.

The Group’s overall gross profit margin is expected to increase to 22%-25% for FY2024
Guo Dan revealed that with the seasonal impact of more new product releases in the second half of the year, performance is expected to be stronger than the first half. It is anticipated that the full-year business performance (excluding PSS) will achieve a growth of over 15% compared to last year. With PSS contributing approximately RMB 3 billion, the Group’s revenue in 2024 is projected to grow by over 30% year-on-year, with the comprehensive gross profit margin increasing from 21.5% in the first half of the year to a range of 22%-25%.

“Since the second half of last year, the entire industry has entered a healthy trend of increasing specifications and configurations. The Company has seen improvements in ASP and overall profit margins in areas such as acoustics, optics, and mechanics,” Guo Dan stated. Particularly in the automotive sector, there will be a steady growth trend in the medium to long term. “It can be said that AAC is now a company with multiple growth drivers and solutions across various platforms. As we forecast the overall growth for the next few years, we maintain a positive outlook.”

The acoustics business is expected to exceed a scale of RMB 10 billion and build a comprehensive user experience across all scenarios
Guo Dan mentioned that the gross profit margin of AAC Technologies’ acoustics business has resumed to a healthy growth trajectory. The gross profit margin in the first half of the year was 29.9%, and it is expected to rise to over 30% for the full year.

“At the interim results presentation, the Company’s management also discussed how AAC Technologies, originally a micro-acoustic supplier for consumer electronics, has further established industry standards for a comprehensive user experience across all scenarios through the acquisition of PSS. Acoustic solutions will be a key driver for the next phase of growth in the acoustics business. In terms of scale, the acoustics business is the Company’s first to exceed a revenue scale of over RMB 10 billion, and in the next five years, we can expect this important business line with a revenue scale of RMB 20 billion and a sustainable gross profit margin of over 30%.”

Definite progress in the WLG projects of multiple key customers
In terms of the optics business, Guo Dan believes that the optics market has transitioned from a relatively competitive state a few years ago to a period of healthy development.

The gross profit margin for optics in the first half of the year was approximately 5%, with plastic lens gross profit margin at 16-17%. Shipments of 6P and higher specification lenses accounted for 15%-16% of total shipments, with expectations of reaching 15-20% in the second half of the year. “In terms of value, it has already surpassed 30% or even 35%, which reflects our technical capabilities, customer coverage, and recognition.”

Guo Dan disclosed that AAC Technologies’ gross profit for optics will further improve in the second half of the year. “It is foreseeable that the profit for a single quarter will turn positive, with a high probability of occurring in the fourth quarter. Overall profitability will see significant improvement compared to last year, with continued steady growth in the future.”

“Especially with G+P glass-plastic hybrid lenses and WLG lens products, there have been definite advancements in major projects with several key customers,” Guo Dan stated. The industry now widely acknowledges that G+P glass-plastic hybrid lenses are indeed a superior solution. The Company’s unique WLG technology finds applications in areas such as smartphones and automotive, creating value across multiple domains. “Next year, G+P glass-plastic lenses and WLG single lenses will gradually become one of the most crucial technologies and value supports in the entire optics business, with many deliveries to customers aligning with our expectations for WLG technology investments.”

The interim results performance reflects the Company’s long-term growth value
“Looking at the first half of this year, the electromagnetic actuators and haptic business have already reached a gross profit margin of approximately 30% with the optimization and upgrade of product portfolios on the Android side, and this healthy level is expected to be sustained in the future,” Guo Dan stated. With the boost from the development of new products like actuators and drives, this sector is poised to return to a high-growth trajectory.

“At the interim results presentation, the Company’s management also mentioned that in the heat dissipation segment, AAC Technologies achieved a business scale of RMB 150 million in the first half of the year, with a gross profit margin of over 30%. With the development of AI-enabled applications, the scale is expected to exceed RMB 1 billion in the future. When combined with precision mechanics, the overall scale could reach RMB 5 billion and potentially even surpass RMB 10 billion in the long term.”

“Additionally, the overall gross profit for the sensor and semiconductor business will continue to increase in the second half of the year,” Guo Dan mentioned. Over the next two to three years, driven by factors such as the value enhancement brought by AI smartphones, the advantages brought by the Company’s resource platform, and the increase in self-developed product penetration rates, the sensor and semiconductor business is expected to experience rapid development.

Guo Dan concluded, “At the interim results presentation, the management also pointed out that this performance has shown investors that AAC has achieved revenue growth, as well as gross and net profit improvements through strategic transformation at the current stage. However, more importantly, the interim results implied the long-term growth value of each major business line, and we encourage everyone to focus on the certainty of sustained long-term growth.”

Sunny Optical Technology Announced 2024 Interim Results

Three Major Businesses Show Strong Growth Profitability Improves Significantly

Sunny Optical Technology (Group) Company Limited (the Company, together with its subsidiaries, the Group) (HKG: 2382), a global-leading integrated optical components and products producer, today announced its interim results for the six months ended 30 June 2024.

For the six months ended 30 June 2024, the Group’s revenue was approximately RMB18.86 billion, the gross profit was approximately RMB3.25 billion, the gross profit margin was approximately 17.2%, the profit for the period attributable to owners of the Company was approximately RMB1.08 billion, and the basic earnings per share was approximately RMB99.04 cents.

In the first half of 2024, the global automotive market demonstrated stable growth, with the widespread adoption of new energy vehicles and smart automotive technologies serving as the main driving forces. Against this backdrop, the vehicle camera market has seen significant development opportunities. Leveraging years of in-depth expertise and outstanding technology, the market share of the Group’s vehicle lens sets maintained global No. 1 position, sustaining a decent gross profit margin despite intense competition, showcasing strong competitiveness and lasting market leadership. As the levels of driving automation advance, the market has placed higher demands on the performance and quantity of perception hardware, such as vehicle lens sets and LiDAR, leading to the further expansion of optical products’ applications. Consequently, for the six months ended 30 June 2024, the shipment volume of the Group’s vehicle lens sets increased by approximately 13.1% as compared to the same period of last year, while emerging optical products like LiDAR and HUD also secured several designated projects, with vehicle-related products continuing to diversify.

With the gradual recovery of the global macro economy, demand in the smartphone market has begun to rebound, with high-end flagship models being particularly favored by consumers. Through strategic adjustments, technological advancements, and market adaptability, the shipment volume of the Group’s handset lens sets increased by approximately 23.7% as compared to the same period of last year, while the shipment volume of handset camera modules rose by approximately 13.5% as compared to the same period of last year. At the same time, the profitability of both handset lens sets and handset camera modules improved, achieving growth in both volume and price.

In the emerging consumer optical business, the XR market has shown some positive signs. With the rapid development of AI technology, XR-related products are gradually evolving from niche entertainment tools to more widely applicable digital tools. The Group has continued to deepen its collaboration with leading global manufacturers in the development and iteration of new products and technologies related to display and interaction. This effort has driven the definition and mass production of several differentiated display optical and sensor optical products, occupying critical position on the supply chain of its renowned customers.

Looking forward, the Group will maintain its strategic focus, stick to its main optoelectronics business, and continue to promote the following work. Firstly, the Group will continue to explore new potential in smartphone related businesses and strive to improve business quality. Secondly, the Group will continue to build competitiveness in the fields of vehicles, XR and robotic vision and focus on improving market position. Thirdly, the Group will strengthen the management in capital investment, improve input-output efficiency and focus on optimizing operational efficiency.

– The End –

Verofax and NetGreen Announce Strategic Alliance to Accelerate Global Reforestation Efforts

– Expediting the Journey to Net Zero –

In a landmark initiative to combat climate change, Verofax, a leader in blockchain traceability and AI technologies, has partnered with climate tech startup NetGreen to activate retail channels to lead the change in re-greening our planet with trust and transparency.

Wassim Merheby, CEO of Verofax, with Nisreen Shadad, CEO & Co-founder of Netgreen.

This Memorandum of Understanding (MOU) between Verofax’ advanced technological solutions and NetGreen’s platform comes at a crucial time as businesses and consumers increasingly prioritize sustainability.

In fact, 88% of consumers want to make an environmental impact, but lack a trusted platform that is easy and affordable. NetGreen’s platform meets an urgent market need where individuals can purchase a plant-a-tree service from validated reforestation projects to combat climate change.

NetGreen’s unique approach enables participants to directly engage in reforestation through everyday transactions, such as converting loyalty points into tree plantings. This model not only supports carbon sequestration but also enhances biodiversity and fosters a deeper connection between communities and their natural environments.

Preventing Double Counting & Ensuring Validation of Reforestation Projects
With Verofax validating, reforestation projects becomes seamless using Verofax’ Tree Chain technology for identifying, tracking and measuring the carbon capture from trees using computer vision, AI drone feeds, geolocation, and an immutable ledger.

These technologies will automate operations to prevent double counting and ensure their alignment with the latest international standards, including Verra and UNFCCC CDM.

Nisreen Shadad, CEO and Co-Founder of NetGreen, stated, “Partnering with Verofax propels us towards our vision of a greener planet by enhancing the reach and effectiveness of our reforestation projects. Their advanced technology solutions will allow us to provide undeniable proof of impact to our participants, increasing trust and participation rates. This is a game-changer for environmental engagement.”

Wassim Merheby, CEO of Verofax, said, “This partnership is an excellent opportunity to showcase how innovative technology can be harnessed to address some of the most pressing environmental challenges. By supporting NetGreen, we are not only contributing to scaling reforestation but also demonstrating the potential for technology to create significant positive change.”

The MOU between Verofax and NetGreen is poised to set a benchmark for how technology can facilitate more sustainable practices across industries and communities worldwide. It underscores both companies’ commitment to leveraging strengths in promoting an environmental stewardship and global sustainability.

About Verofax
Verofax specializes in providing sustainable solutions with advanced track and trace capabilities through product serialization and blockchain technology. Their solutions enhance compliance and transparency across industries, promoting environmentally responsible practices. For further details, visit https://www.verofax.com.

About NetGreen
NetGreen is a climate action application that empowers individuals and businesses to participate actively in tree-planting projects aimed at re-greening the planet, expediting the journey Net Zero. Led by CEO Nisreen Shadad, the platform enables effective afforestation participation, enhancing biodiversity and fostering community connections to natural habitats. For more information, please visit https://netgreen.live.

For additional information, please register at https://netgreen.live/inquiry, join our community at https://linktr.ee/netgreen.live, or contact us at impact@netgreen.live.

Greene Tweed Extends Global Reach With Completion of Manufacturing Facility in Korea

The new expansion will increase the manufacturing leader’s capacity and capabilities for the semiconductor market.

Greene Tweed, a leading global manufacturer of high-performance thermoplastics, composites, seals, and engineered components, has announced the completion of its new manufacturing facility in Ochang, Cheongju-si, Chungcheongbuk-do, Republic of Korea. The milestone marks a significant expansion of Greene Tweed’s global footprint and reinforces its commitment to delivering innovative solutions and exceptional service to their customers worldwide with its flagship Chemraz® product line.

With construction now complete, the new facility is poised to commence sample production immediately and transition to commercial production by September 2024. The state-of-the-art plant is equipped with advanced manufacturing technology as well as solar panels and greywater recycling facilities to mitigate environmental impact, and skilled staff are in place, ready to drive operations forward.

“The opening of this facility represents a pivotal step in our strategic growth plan,” said Magen Buterbaugh, President and CEO of Greene Tweed. “Our investment in Korea not only expands our manufacturing capacity but also strengthens our ability to provide high-quality Chemraz® products to our customers, particularly in the semiconductor industry, which is crucial to the global economy.”

The new Greene Tweed location underscores the company’s dedication to supporting clients based in Korea and the surrounding region, including notable semiconductor industry leaders. With the semiconductor market expected to be valued at one trillion dollars by 2030, Greene Tweed is well-positioned to meet local and global demand. By increasing its manufacturing presence in Asia, the company expects to improve delivery times, enhance business continuity, and offer greater flexibility and reliability for customers worldwide.

“Greene Tweed’s new manufacturing site in Korea is a testament to our ongoing commitment to innovation and operational excellence,” said Thyag Sadasiwan, General Manager, Chemraz®. “This facility will initially focus on our Chemraz® product line, known for its superior performance in demanding semiconductor applications, and will eventually expand to include other product lines to meet diverse customer needs.”

The grand opening ceremony for the site scheduled for June 2024 will bring together key stakeholders, customers, and local dignitaries to celebrate this significant milestone and highlight Greene Tweed’s dedication to fostering strong partnerships within the Korean market.

For more information about Greene Tweed and its comprehensive range of capabilities, please visit www.gtweed.com.

About Greene Tweed
Greene Tweed is a leading global manufacturer of high-performance thermoplastics, composites, seals, and engineered components that outperform and outlast in the world’s harshest environments. For 160 years, we have served clients in semiconductor, oil and gas, aerospace, defense, chemical and pharmaceutical processing, and other industries where failure is not an option.

Greene Tweed products are sold and distributed worldwide. For additional information, call +1.215.256.9521, or visit our website at http://www.gtweed.com.

Contact Information
Sofia Doss
PR & Communications
sdoss@gtweed.com

SOURCE: Greene Tweed

PowerUP Asia 2024 Opens Tomorrow

PowerUP Asia 2024, a two-day virtual conference focused on power semiconductor technologies and industry developments in Asia, opens tomorrow, June 11.

Organized by AspenCore, publisher of EETimes Asia, EETimes India, and EDN Asia, PowerUP Asia builds on the success of the inaugural event last year and features keynotes and discussions on some of the latest power electronics trends, including wide-band gap (WBG) devices such as gallium nitride (GaN) and silicon carbide (SiC), power ICs, packaging, test and measurement, and related technologies.

Speaker lineup this year includes the following:

Collins Wu, Regional Vice President, Power & Discrete Marketing APeC Region, STMicroelectronics: Enabling High Performance Industrial and Automotive Solution with WBG
Alex Lidow, CEO & Co-founder of Efficient Power Conversion, Efficient Power Conversion (EPC): Why GaN for Untethered Robotics
Dr. Mrinal K. Das, Senior Director of Technical Marketing, onsemi: Market Dynamics of Automotive SiC Revolution for Electrification
Dr. Kwok Wai Ma, Senior Principal Engineer, Industrial and Consumer Power, Infineon Technologies Asia Pacific: Recent Advance and Outlook in SiC and GaN Technologies, For a Greener Future
Simon Keeton, Group President, Power Solutions Group, onsemi: A Pathway to Sustainable Energy: Optimized Energy Harvesting and Efficient Grid Integration
Michael (Hyung Mook) Choi, Vice President of Power Business, UTAC Group: Enhancing Power Semiconductor Packages for High-Performance Computing Processors
Bosheng Sun, Systems Engineer, Texas Instruments Inc.: A Totem-pole Bridgeless PFC with Extreme Low Ithd, Re-rush Current Control, High Power Density and Integrated E-meter Function
Nicholas Le Bas, Oscilloscope Product Manager and Application Engineer, Rohde & Schwarz: Measurements of Currents and High Voltages with Oscilloscopes
Mike Zhu, Sr. Product Applications Engineer, Qorvo Inc.: Qorvo SiC FETs Excel in ZVS Soft-switching Applications
Sasikala Thangam, Applications Engineer, Texas Instruments Inc.: Choosing Suitable Gate Driver Protection Approach for High Power Systems
Deric Waters, Systems Engineer and Distinguished Member of Technical Staff (DMTS), Texas Instruments Inc.: Power System Implications of the New USB Power Delivery 3.2
Jason Khor, Senior Manager, Engineering, Arrow Electronics: Optimizing Power Architectures and Designs for Next-generation Low- and High-power Applications

Panel Discussion

WBG devices have been seeing increasing adoption over the past few years, especially as manufacturers put power efficiency on top of their agenda amid the increasing trend towards decarbonization, in line with the global “net zero” goal.

As electronics and semiconductor technologies advance, businesses are creating a wide range of products that offer advantages in a number of applications for the industrial, automotive, and consumer industries, among others.

At PowerUP Asia 2024, a panel of industry experts from some of the leading companies will discuss the challenges that designers currently face, the obstacles that still need to be removed for widespread adoption of WBG devices, the latest innovations that are fueling further growth of the GaN and SiC market, and the future of the WBG industry.

With the theme The Role of GaN and SiC Technologies Towards Drive for More-Efficient Power Electronics, the panel discussion will feature the following experts:

Collins Wu, Regional Vice President, Power & Discrete Marketing APeC Region, STMicroelectronics
Alex Lidow, CEO & Co-founder of Efficient Power Conversion, Efficient Power Conversion (EPC)
Dr. Mrinal K. Das, Senior Director of Technical Marketing, onsemi

For more information or to register, visit https://ve.eetasia.com/powerup2024.

About AspenCore

AspenCore is a unique collection of brands and products that have set the standard in meeting the demands of today’s engineers.

We reach over 15 million technologists, designers, engineers, and managers. We connect this electronics community to reliable news, authoritative analysis, industry trends, and daily information on new technology.

Our brands include EE Times, Electronic Products, EPSNews, ESM China, IoT Times, Power Electronics News, EDN, EEWeb, Electro Schematics, Elektroda.pl, Embedded.com, Planet Analog, and more.

For more information, visit https://aspencore.com.

Contact Person
Celia Shih
Marketing Manager
Taiwan/ASEAN Marketing and Circulation Department
T: +886 227591366 Ext. 103/222
E: celia.shih@aspencore.com

Graid Technology Announces SupremeRAID(TM) SE Beta Program, Delivering Enterprise-Level Data Protection & Performance to Workstation and Desktop Users

Graid Technology extends its award-winning SupremeRAID(TM) software in a “bring your own GPU” deployment model.

Graid Technology, an industry trailblazer in GPU-based RAID for NVMe and creators of groundbreaking SupremeRAID™, today announced the closed beta testing program for a new product line – SupremeRAID™ SE. With a focus on high-end workstations and consumers, SupremeRAID™ SE allows for enterprise-grade RAID data protection at the desktop level.

SupremeRAID™ SE enables professionals to harness their existing GPU hardware to configure high-performance and highly resilient RAID setups easily. The solution supports between 4 and 8 NVMe drives, making it ideal for users who require robust data management without the complexity of traditional RAID configurations.

“We proudly present the SupremeRAID™ SE beta program, now open to the public. SupremeRAID™ SE is remarkable for its ability to let users leverage their existing GPU to develop a customized RAID environment that delivers the complete performance potential of NVMe SSDs,” said Leander Yu, CEO of Graid Technology. “Furthermore,” Yu added, “SupremeRAID™ SE optimizes CPU resources for all applications on users’ workstations or desktops, enhancing its overall value.”

SupremeRAID™ SE is engineered for applications where speed and data integrity are critical:

AI and Machine Learning: Speed up model training and experiments with fast data throughput and minimal latency.

Multimedia Production: Enhance editing and production capabilities with accelerated data processing.

Engineering and Design: Access and manage large engineering files efficiently and reliably.

Scientific Computing: Handle large datasets with ease, whether for computational biology, physics simulations, or other research-intensive tasks.

SupremeRAID™ SE supports both Windows and Linux platforms, as well as several GPU models. For more information or to enroll in the beta program, visit https://beta.graidtech.com. General product availability is planned for July 2024.

About Graid Technology and SupremeRAID™ / Graid Technology, led by a dedicated team of experts with decades of experience in the SDS, ASIC, and storage industries, continues to push boundaries in data storage innovation. SupremeRAID™, hailed as the world’s only NVMe and NVMeoF RAID card to unlock the full potential of PCIe 3, 4, and 5 SSD performance, eliminates traditional RAID bottlenecks, leveraging GPU acceleration to maximize enterprise SSD performance. The company’s headquarters in Silicon Valley, supported by an R&D center in Taiwan, symbolizes our global commitment to pioneering advancements in storage solutions. Visit our website or connect with us on LinkedIn.

Contact Information
Andrea Eaken
Director of Marketing, Americas & EMEA | Graid Technology
andrea.eaken@graidtech.com
949-742-9928

SOURCE: Graid Technology Inc.

PowerUP Asia 2024: Leading Power Semiconductor Companies to Discuss Challenges, Trends, and Latest Innovations

Leading power semiconductor companies including STMicroelectronics (ST), Texas Instruments Inc. (TI), Efficient Power Conversion Corp. (EPC), onsemi, Infineon Technologies Asia Pacific Pte Ltd, and NXP Semiconductors will be discussing the latest power semiconductor development trends and innovations, and how these are helping the drive toward greener electronics, at the upcoming PowerUP Asia 2024 virtual conference.

PowerUP Asia, organized by AspenCore, publisher of EETimes Asia, EETimes India, and EDN Asia, is a two-day virtual conference and exhibition focusing on power semiconductor technologies, including wide-bandgap (WBG) devices such as gallium nitride (GaN) and silicon carbide (SiC), low- and high-voltage power semiconductors, and related technologies, as electronics manufacturers worldwide set their sights on power efficiency, carbon reduction, and greener energy.

With the theme Power Semiconductor Innovations Toward Green Goals, Decarbonization and Sustainability, PowerUP Asia, to be held from June 11–12, will feature keynotes, technical presentations, and a panel discussion, discussing the latest developments in power semiconductor and engineering, and how the industry can explore ways to accelerate the pathway to net-zero carbon emissions.

The virtual conference will also feature technical experts from UTAC Group, Rohde & Schwarz, Qorvo Inc., and Arrow Electronics.

Who Should Attend

Engineers, researchers, and industry professionals should attend the PowerUP Asian 2024 virtual expo and conference.

Engineers specializing in power electronics, semiconductor technologies, like GaN and SiC, and renewable energy systems will find immense value. Professionals in power management, converters and those exploring advancements in e-mobility and smart-grid infrastructure will gain significant insights.

Furthermore, those interested in gaining hands-on experience with state-of-the-art technologies within this field should attend. Those who possess a genuine enthusiasm for transforming energy efficiency, diminishing carbon footprints, and promoting the worldwide transition to renewable energy sources will find this conference to be of value.

For more information or to register, visit https://ve.eetasia.com/powerup2024.

About AspenCore

AspenCore is a unique collection of brands and products that have set the standard in meeting the demands of today’s engineers.

Our brands include EE Times, Electronic Products, EPSNews, ESM China, IoT Times, Power Electronics News, EDN, EEWeb, Electro Schematics, Elektroda.pl, Embedded.com, Planet Analog, and more.

For more information, visit https://aspencore.com.

Contact Person:
Celia Shih
Marketing Manager
Taiwan/ASEAN Marketing and Circulation Department
T: +886 227591366 Ext. 103/222
E: celia.shih@aspencore.com

Graid Technology Announces Software Update, Delivers Enhanced Levels of Data Integrity and Business Continuity

With SupremeRAID(TM) v1.6, Double Failure Protection Guarantees Seamless Access to Vital Data, Empowering Customers With Reliability and Peace of Mind

Graid Technology, the award-winning data protection provider and developer of the only RAID card to offer customers access to the full performance of NVMe SSDs, is proud to announce its new software release, SupremeRAID™ v1.6. This new feature set addresses critical data integrity issues associated with double failures in RAID configurations.

Announcing SupremeRAID™ Software Release v1.6
New double failure protection provides maximum RAID stability with minimal impact on overall system performance.

A double failure occurs when a RAID system experiences a power outage or an unclean shutdown during the rebuilding of data from a previous disk failure. Traditionally, RAID systems utilize a persistent journal to log every I/O transaction and its corresponding parity. This method ensures that in-progress I/O operations and their parities can be recovered. The use of a single device to store this persistent journal has become a significant single point of failure and a bottleneck in modern NVMe SSD RAID configurations. Until now, this challenge has remained unaddressed in the market. With SupremeRAID™ v1.6, the distributed journal feature is designed to eliminate this single point of failure and significantly improve performance bottlenecks by distributing data and parity across all disks in a RAID group and redundantly journaling to provide maximum RAID stability with minimal impact on overall system performance.

“With data and parity already distributed across every disk in a RAID group,” said Leander Yu, CEO of Graid Technology, “our new distributed journal feature is the perfect design to ensure maximum data integrity while maintaining high performance levels.”

Graid Technology is excited to announce that it will commence the distribution of the SupremeRAID™ v1.6 beta version to its OEM customers and key global accounts in early May. The public release of SupremeRAID™ v1.6 is scheduled for late June. This new version will simultaneously be available for all Graid Technology products.

Graid Technology is headquartered in Silicon Valley, California, with an R&D center in Taipei, Taiwan. Winners of the esteemed Tech Trailblazers Storage Award for 2023 and the 2023 Golden Award at the Asia Pacific ICT Alliance, SupremeRAID™ performance is breaking world records as the first NVMe and NVMeoF RAID card to unlock the full potential of your SSD performance: a single SupremeRAID™ card delivers 28 million IOPS and 260GB/s of throughput. For more information on Graid Technology, visit www.graidtech.com or connect with us on Twitter or LinkedIn.

Contact Information
Andrea Eaken
Director of Marketing, Americas & EMEA | Graid Technology
andrea.eaken@graidtech.com
949-742-9928

SOURCE: Graid Technology, Inc.

View the original press release on newswire.com.

HKTDC Home InStyle, Fashion InStyle open today

Lifestyle fairs gather over 2,200 global exhibitors to promote Hong Kong’s fashion and creative industries

Home InStyle, Fashion InStyle raise curtain on seven late-April events reinforcing Hong Kong’s role as an international platform for lifestyle products and creative businesses
The fairs gather over 2,200 exhibitors from 17 countries and regions
Eco-friendly products and services boost Hong Kong’s sustainable development credentials

The Hong Kong Trade Development Council (HKTDC) is hosting seven lifestyle products and creative trade events from today until 30 April. Home InStyle and Fashion InStyle open today at the Hong Kong Convention and Exhibition Centre (HKCEC). The four-day lifestyle fairs feature multiple themed zones and attract over 2,200 exhibitors from 17 countries and regions including Mainland China, Hong Kong, Taiwan, Australia, Bangladesh, India, Indonesia, Japan, Korea, Luxembourg, Nepal, Pakistan, the Philippines, Poland, Saudi Arabia, Sri Lanka and Thailand, promoting Hong Kong as an international business platform for lifestyle products and the creative industry.

Sophia Chong, the Deputy Executive Director of the HKTDC, said: “To cater to the latest market trends, HKTDC has redesigned some of our April fairs, including merging the Hong Kong International Home Textiles and Furnishings Fair into Home InStyle to create cross-industry synergy. HKTDC has always been committed to promoting sustainable development in the business community. This year’s Home InStyle features many products that align with the Hong Kong SAR government’s ‘plastic-free’ measures, while Fashion InStyle showcases eco-friendly technologies and products, and launches a new Certification and Trade Services zone to provide sustainability accreditation services. The two fairs also provide eco-labels for exhibitors selling green products, helping the industry promote and source eco-friendly products and solutions.”

Home InStyle showcases traditional crafts, award-winning designer products
This year, Home InStyle gathers 1,750 exhibitors from 16 countries and regions, including first-time exhibitors from Saudi Arabia and Sri Lanka. The fair also features 12 pavilions, bringing home furnishings with cultural elements from Mainland China, Taiwan, India, Japan and Thailand. The Taiwan Pavilion displays a diverse range of product categories, including kitchenware, coffee cups, interior decoration furnishings and outdoor products, while the Indian Pavilion showcases household textiles and home decor products.

The well-received Cultural and Creative Corner features over 50 exhibitors and design brands from Mainland China, Hong Kong, Taiwan, Japan and the Philippines, including a debut by Shanghai Industrial Design Association (Booth: 3C-B28), showcasing highlighted products from Shanghai Design 100+; while Ibaraki, Aomori and Yamagata prefectures in Japan exhibit traditional handicrafts such as pottery, ceramics and wooden lacquerware; Hong Kong Design Institute (Booth: 3C-B05) features award-winning tableware Yuen Sek created by local designer Alvin Liu, which has won the Red Dot: Best of the Best Award 2021, the Gold Award in the Cultural and Creative Design category of the Wenzhou International Design Biennale 2020, and the Bronze Award of the Hong Kong Smart Design Awards 2021. The design is inspired by the Chinese dining experience, combining ergonomics, functionality and aesthetics.

The Cultural and Creative Corner has invited PANTONE as Colour Partner to provide recommendations for curating the zone. Renowned art-book publisher TASCHEN has also set up a lifestyle library at the event.

Multiple zones showcase diverse home products
The highlighted zone, Hall of Elegance, features renowned designer brands such as Topchoice (Booth: 1D-D03), Ucome (Booth: 1D-C02), Amercook (Booth: 1E-B02), AmVegan (Booth: 1E-B02) and Azuda (Booth: 1E-A03). The Green Living zone spotlights popular green homeware while Pet Supplies zone showcases innovative and modern merchandise for animal lovers.

Home InStyle introduces fresh zones this year that cannot be missed, including Home Textiles and World of Fine Textiles. These extraordinary zones carry household items and textiles from designer brands with astonishing style and quality. A debut exhibitor from Sri Lanka, Phoenix Industries Limited (Booth: 3D-E01), the country’s largest manufacturer of plastic products and a winner of consumer goods and sustainable packaging awards, presents high-quality furniture and homeware in the Furniture zone.

Fashion InStyle launches Certification and Trade Services zone, promoting sustainable fashion technology
As Asia’s leading fashion and textile sourcing event, this year’s Fashion InStyle gathered over 450 exhibitors from 10 countries and regions, including Mainland China, Hong Kong, Taiwan, Australia, India, Indonesia, Japan, Korea, Luxembourg and Thailand. A new Certification and Trade Services zone is launched to provide certification and consultation services, including on sustainable designation.

The Fashion Tech zone showcases cutting edge technologies in clothing production and marketing. The Nano and Advanced Materials Institute features a variety of functional textile materials, including an ultralight and ultrawarm sustainable aerogel fibre that can be knitted with wool fibres to produce lightweight fabric with extraordinary thermal insulation properties. Other highlighted zones include Athleisure, Fashion Accessories, Urban Chic, Designer Spotlight, Kid’s Wardrobe and Material Bazaar.

Exciting activities highlight market trends and opportunities
Seminars, buyer forums, product demonstrations and fashion parades help the industry grasp market opportunities and upcoming product trends. Today, Albert Chan, Head of the Greater China office at Coresight Research, and Nicholas Fu, Economist (Global Research) at HKTDC, shared insights on the retail apparel market and consumer trends in Fashion Outlook and Forecast. At the Silver Symphony: Orchestrating Opportunities in the Growing Market seminar on Monday (22 April), Aaron Lee, Director of Industrial Engineering and Marketing Strategy of BNET TECH, Lawrence Lui, Co-founder & Executive Director, Longevity Design House, and other industry experts will explore the vast business potential in the rapidly growing silver market. Other seminars and activities focus on various topics such as sustainability, fashion technology, creative design thinking and the silver economy. The Pet X Fashion Parade, jointly organised by Home InStyle and Fashion InStyle, will showcase trendy apparel designs and diverse pet products.

The HKTDC’s EXHIBITION+ model integrates offline and online elements at the fairs. Buyers can continue searching for products and services on the hktdc.com sourcing platform, and network through the Click2Match smart business-matching platform. During the physical fair, buyers can use the Scan2Match function of the HKTDC Marketplace App to scan exhibitors’ exclusive QR codes, bookmarking their favourite suppliers, browse product information and continue discussions with exhibitors online during or after the show.

Photo download: https://bit.ly/440ATTk

Events details:

Details of seminars, buyer forums, product demonstrations and fashion parades at all events: https://bit.ly/3JizqhR

Websites
Home InStyle: https://www.hktdc.com/event/homeinstyle/en
Fashion InStyle: https://www.hktdc.com/event/fashioninstyle/en
Hong Kong Gifts & Premium Fair: https://www.hktdc.com/event/hkgiftspremiumfair/en
Hong Kong International Printing & Packaging Fair: https://www.hktdc.com/event/hkprintpackfair/en
Hong Kong International Licensing Show and Asian Licensing Conference: https://www.hktdc.com/event/hklicensingshow/en

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:
Home InStyle and Fashion InStyle
Snowy Chan, Tel: (852) 2584 4525, Email: snowy.sn.chan@hktdc.org

HKTDC Media Room: http://mediaroom.hktdc.com

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn