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Leading the global market with its 'K-Finance' initiative, Hyundai Capital strategically expands its operations in Australia and Indonesia. SEOUL, South Korea, April 19, 2024 /PRNewswire/ -- Hyundai Capital Services announced today that it acquired the Australian Credit License last month to set up Hyundai Capital Australia and finalized the acquisition of PT Paramitra Multifinance in Indonesia. Hyundai Capital strategically expands its operations in Australia and Indonesia Hyundai Capital Australia, a captive finance company of Hyundai Motor Group, is set to commence pilot operations in July of this year and is scheduled to launch full-scale operations nationwide from November. Hyundai Capital Australia aims to strengthen financing options for Australian customers looking to purchase Hyundai Motor Group vehicles. The new entity will offer highly competitive priced financing options, including a 'Guaranteed Future Value' product which offers lower monthly payments by deferring part of vehicle price until the end of agreement. Furthermore, Hyundai Capital Australia is committed to improving customer experience through seamless digital services. The entity will introduce cutting-edge digital platforms and tools to streamline document screening, reducing the processing time significantly. Simultaneously, Hyundai Capital Services completed the acquisition of PT Paramitra Multifinance, a specialized credit financial company in Indonesia, to establish an Indonesian entity. Operations in Indonesia are scheduled to commence fully in April of the following year. The Indonesian financial sector presents significant opportunities for Hyundai Capital Services due to its demographic profile, robust macroeconomics, and rapid economic growth. Also, Hyundai Motor Group's establishment of a regional production and sales base in Indonesia in 2022 aligns with the Group's future mobility strategy. Partnering with Sinar Mas Group, one of the largest conglomerate in Indonesia, the newly launched entity aims to leverage local expertise to enhance and develop auto financial services in strategic regions of the country. The Indonesian entity will offer a variety of financing options and tailored services for Hyundai Motor Group customers. In addition, the new Indonesian entity will introduce a dedicated mobile application for dealers to conveniently create quotations and go through credit review process on mobile devices or tablets, along with a digital approval system to streamline processes and significantly reduce processing time. Mok Jin-won, CEO of Hyundai Capital Services, emphasized the company's focus on marketing and digital excellence in the competitive auto finance market. "Hyundai Capital has developed unique skills and strengthened its capabilities in marketing and digital fields through fierce competition with various financial companies in the auto finance market. We are finalizing the acquisition of financial licenses and business approvals in Australia and Indonesia to deliver cutting-edge financial products and solutions to customers in both regions," adding, "Hyundai Capital will bring a fresh air the 'K-Finance' in the global consumer finance market." With operations in 14 countries, comprising 17 entities and two branches worldwide, including the United States, Canada, the United Kingdom, Germany, and Brazil, Hyundai Capital Services has shown significant growth, reaching a total of 158 trillion won ($113 billion) in global assets last year. The company aims to further expand its global presence in alignment with Hyundai Motor Group's global mobility strategy. Hyundai Capital Services Hyundai Capital, a leading consumer finance company founded in 1993, has been offering financial services tailored to meet the needs of Hyundai, Genesis, and Kia brands globally. Spearheading the globalization of Korea's finance sector, Hyundai Capital, headquartered in Seoul, South Korea, is now active in 14 countries in the Americas, China and Europe and plans further expansion. CONTACT: Jeonghyun Kim, jeonghyun.kim@hcs.com
SK hynix and TSMC sign MOU to collaborate on HBM4 development and next-generation packaging technology SK hynix will adopt TSMC's cutting-edge foundry process to advance HBM4 performance Product Design-Foundry-Memory trilateral collaboration to break memory performance limits for AI applications SEOUL, South Korea, April 19, 2024 /PRNewswire/ -- SK hynix Inc. (or "the company", www.skhynix.com) announced today that it has recently signed a memorandum of understanding with TSMC for collaboration to produce next-generation HBM and enhance logic and HBM integration through advanced packaging technology. The company plans to proceed with the development of HBM4, or the sixth generation of the HBM family, slated to be mass produced from 2026, through this initiative. SK hynix said the collaboration between the global leader in the AI memory space and TSMC, a top global logic foundry, will lead to more innovations in HBM technology. The collaboration is also expected to enable breakthroughs in memory performance through trilateral collaboration between product design, foundry, and memory provider. The two companies will first focus on improving the performance of the base die that is mounted at the very bottom of the HBM package. HBM is made by stacking a core DRAM die on top of a base die that features TSV* technology, and vertically connecting a fixed number of layers in the DRAM stack to the core die with TSV into an HBM package. The base die located at the bottom is connected to the GPU, which controls the HBM. *TSV (Through Silicon Via): An interconnect technology that links upper and lower chips with an electrode that vertically passes through the base logic chip and DRAM chips. There can be thousands of pass-through TSVs depending on the chip design SK hynix has used a proprietary technology to make base dies up to HBM3E, but plans to adopt TSMC's advanced logic process for HBM4's base die so additional functionality can be packed into limited space. That also helps SK hynix produce customized HBM that meets a wide range of customer demand for performance and power efficiency. SK hynix and TSMC also agreed to collaborate to optimize the integration of SK hynix's HBM and TSMC's CoWoS®** technology, while cooperating in responding to common customers' requests related to HBM. **CoWoS (Chip on Wafer on Substrate): A TSMC proprietary packaging process that connects GPU/xPU, a logic chip, and HBM, on a special substrate called an interposer. It is also called 2.5D packaging as the logic chip and the vertically stacked(3D) HBM are integrated into one module which is placed on a horizontal (2D) package substrate "We expect a strong partnership with TSMC to help accelerate our efforts for open collaboration with our customers and develop the industry's best-performing HBM4," said Justin Kim, President and the Head of AI Infra, at SK hynix. "With this cooperation in place, we will strengthen our market leadership as the total AI memory provider further by beefing up competitiveness in the space of the custom memory platform." "TSMC and SK hynix have already established a strong partnership over the years. We've worked together in integrating the most advanced logic and state-of-the art HBM in providing the world's leading AI solutions," said Dr. Kevin Zhang, Senior Vice President of TSMC's Business Development and Overseas Operations Office, and Deputy Co-Chief Operating Officer. "Looking ahead to the next-generation HBM4, we're confident that we will continue to work closely in delivering the best-integrated solutions to unlock new AI innovations for our common customers." 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.
Revolutionizes cushioning with high-elasticity biomass-based materials Unified domestic industries go beyond performance to promote sustainability in the outdoor industry SEONGNAM, South Korea, April 19, 2024 /PRNewswire/ -- SK chemicals (CEO Ahn Jae-hyun), Dongsung Chemical (Co-CEOs Baek Jin-woo and Lee Man-woo), and BYN Black Yak (Chairman Kang Tae-sun, hereinafter Black Yak) announced on the 18th that they've developed sustainable footwear materials using the naturally-derived material "ECOTRION" and applied them to Black Yak's "Trekking Shoes 343 MAX." Trekking shoes commercialized by SK chemicals, Dongsung Chemical, and Black Yak Consumers are attracted to the trekking shoes, launched as a new product this spring, because they satisfy both the high functionality required for outdoor activities and the value consumption trend for eco-friendly materials that reduce greenhouse gases. The three companies introduced this product after a year of collaboration. SK chemicals is the supplier of 100% bio-based polyol "ECOTRION," while Dongsung Chemical develops the bio-polyurethane resin "NEOPAN®" for footwear using this as a raw material. Utilizing this material, Black Yak produced the "Foot Pillow Cushioning Foam," which is applied to the heel support layer of the midsole to minimize loading on the ankle and knee joints. The midsole of trekking shoes is a key component that determines the footwear's weight and acts like a car's suspension to provide the level of function. Cushioning is important because the midsole must absorb the impact on the body and ensure safe strides, even on rough terrain. Dongsung Chemical's bio-polyurethane resin "NEOPAN" for footwear maintains the high elasticity and flexibility of existing polyurethane resins while using bio-based raw materials, providing the shock absorption function of the "Foot Pillow Cushioning Foam." ECOTRION, utilized in NEOPAN, is an eco-friendly material that uses raw materials that reduce greenhouse gas emissions by approximately 40% in comparison to conventional petrochemical raw materials. It is utilized in the production of spandex, artificial leather, and urethane elastic materials that are challenging to recycle. ECOTRION has one less carbon atom in its chemical structure compared to petrochemical materials, which gives it a helical-shaped polymer structure that enables the production of products with high elastic resilience, similar to a spring. Kim Eung-soo, Head of SK chemicals' Green Materials Business Division, stated, "Bio-materials, along with recycled plastics, are one of the promising alternatives to replace petrochemical materials. We plan to actively highlight the sustainability and functionality of PO3G, focusing on big brands that are leading the sustainable trend with bio-materials."
SYDNEY, April 19, 2024 /PRNewswire/ -- Moomoo, one of the world's leading investment and trading platforms, and Nasdaq celebrate their six-year collaboration and announce a new Global Strategic Partnership to continue promoting investor education and market access. The signing ceremony of the Global Strategic Partnership was held in The American Club, Singapore on April 18. The ceremony was attended by leadership teams including: Robin Xu, Senior Vice President of moomoo's parent company, Futu Holdings; Echo Zhao, Singapore Country Head at Moomoo Financial Singapore Pte. Ltd.; and Gavin Chia, CEO at Moomoo Financial Singapore Pte. Ltd.; along with Nasdaq's Oliver Albers, Executive Vice President and Head of Investment Intelligence; Brandon Tepper, Senior Vice President and Global Head of Data; Tomas Franczyk, Managing Director and Head of Investment Intelligence APAC; Anny Liu, Managing Director of Investment Intelligence China & Singapore. "We hold Nasdaq's dedication to creating equitable opportunities in high regard, as it mirrors our commitment to fostering financial inclusivity and helping retail investors from diverse backgrounds realize their full potential," said Mr. Robin Xu, Senior Vice President of moomoo's parent company, Futu Holdings. "Since moomoo's inception, our alliance with Nasdaq has been pivotal in our mission, which is to grant retail investors access to professional-grade data and instill confidence and control in their investing journey. The inspiring accounts about moomoo's data offering we've heard from our users, who are from various countries and regions, reinforce the value of our work and our belief in the path we've chosen." Moomoo, an all-in investment platform, provides retail investors access to Nasdaq TotalView®, a data product that includes full order book depth including every single quote and order at every price level in Nasdaq-, NYSE-, NYSE American- and regional-listed securities trading on Nasdaq. "We're continuing to hear from global investors about the need for transparency and their interest in gaining access to the U.S. markets," said Brandon Tepper, Senior Vice President and Global Head of Data. "We're excited to continue growing our partnership with moomoo to support retail investors through educational content to help make more informed investment decisions as they navigate the financial ecosystem." Working together, the enhanced partnership between moomoo and Nasdaq is set to introduce more innovative educational initiatives in the future and unlock more opportunities that help empower investors across the globe. About moomoo Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, Moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together. Founded in the US, Moomoo operates globally, serving investors in countries such as the US, Singapore, Australia, Japan, Canada and Malaysia. As a subsidiary of a Nasdaq-listed company, we take pride in our role as a global strategic partner of the Nasdaq, earning numerous international accolades from renowned industry leaders such as Benzinga and Fintech Breakthrough. Moomoo has also received multiple awards in the US, Singapore, and Australia for its cutting edge, inclusive approach to investing. For more information, please visit moomoo's official website at www.moomoo.com or feel free to email: pr@moomoo.com.
CASETiFY expands its product portfolio to include a wider range of powerful and convenient charging options LOS ANGELES, April 19, 2024 /PRNewswire/ -- CASETiFY, the global tech accessory brand loved by millennials, Gen Z, and Hollywood celebrities, announces today its newest collection that caters to the diverse charging requirements of today's cutting-edge technology. With a mission to ensure that tech enthusiasts stay powered up and seamlessly connected whether they are on the move, at home, or anywhere in between, CASETiFY presents the PowerThru by CASETiFY™ collection. The range encompasses an array of products, from car chargers to charging cables, offering a comprehensive solution to all charging needs. Discover the PowerThru by CASETiFY™ collection now and shop conveniently at casetify.com. The new Wireless Car Charger is designed to enhance the driving experience. With MagSafe compatibility, it offers a seamless snap-on feature, allowing customers to take charge while on the road effortlessly. Its adjustable arm and rotating ball joint ensure a secure and hands-free hold for any device, keeping it safely in sight. With Qi 2.0 certification, our Wireless Car Charger provides fast charging at 15W, ensuring that your device is powered up quickly and efficiently. In CASETiFY fashion, it comes in a variety of prints to add color and fun to everyday tech accessories complete with a secure air vent mount and multi-angle holding. Another addition to the PowerThru portfolio is the 33W/67W Fast Charger. It allows customers to experience the convenience of charging their devices up to 3x faster, charging a smartphone's battery up to 50% in under 30 minutes. It comes in two options: the 33W charger, which can simultaneously charge up to 2 devices with its 1 USB-A and 1 USB-C ports, or the 67W charger, equipped with 2 USB-C ports to efficiently charge multiple devices simultaneously. More collection images can be found HERE. As a last new addition to the CASETiFY PowerThru by CASETiFY™ lineup, the 240W Charging Cable is meticulously hand-crafted with a unique color-block design, combining style and functionality to deliver an accessory that not only performs flawlessly but also adds a touch of elegance to anybody's tech accessories collection. Experience our charging cables' durability, reliability, and style, designed to keep you connected wherever you go. PowerThru by CASETiFY™ products already available in the collection include the 2-in-1 Charging Stand and Magnetic Wireless Charger. The versatility of the 2-in-1 Charging Stand allows you to snap on and charge both your phone and AirPods simultaneously. With its rotating feature, customers can easily find the perfect viewing angle while devices power up. Now available in pink and blue, it adds a pop of color to the charging station. The Magnetic Wireless Charger offers lightning-fast charging speeds of up to 7.5W for iPhones and 15W for Qi-compatible devices. With a non-slip base, it ensures a secure and stable charging experience that also enables customers to express their personal style. The PowerThru by CASETiFY™ collection launches worldwide on casetify.com available for purchase online and at CASETiFY Studio locations around the globe. To learn more about the PowerThru by CASETiFY™ collection and upcoming releases, visit CASETiFY.com and follow along on Instagram, Facebook, TikTok and Twitter. ### About CASETiFY CASETiFY is a global tech and lifestyle brand with double headquarters in LA and Hong Kong, known as the home to the first and largest platform for customized tech accessories. Created with the highest-quality materials and most cutting-edge designs, CASETiFY's products empower self-expression by turning your personal electronics into highly designed, stylishly slim, drop-proof accessories. Known for tapping top artists, big celebrities and creatives for its Co-Lab program, CASETiFY gives brands and individuals the opportunity to share their unique visions with the world. With 30+ retail shops, CASETiFY Studio provides a one-stop, visual retail experience where customers can customize their accessories on the spot. For more information on CASETiFY, its stores, partners and products, please visit www.CASETiFY.com.
SINGAPORE, April 19, 2024 /PRNewswire/ -- Tungray Technologies Inc ("Tungray" or the "Company" or "Tungray") (NasdaqCM: TRSG), a provider of customized industrial manufacturing solutions to Original Equipment Manufacturers (OEMs) in the semiconductors, printers, electronics, and home appliances industries, today announced the pricing of its initial public offering (the "Offering") of 1,250,000 Class A ordinary shares at a public offering price of $4 per Class A ordinary share, for total gross proceeds of approximately $5 million, before deducting underwriting discounts and commissions and offering expenses. The Offering is being conducted on a firm commitment basis. The Class A ordinary shares are expected to commence trading on Nasdaq Capital Market under the ticker symbol "TRSG" on April 19, 2024. The Company has granted the underwriter of the Offering an option, exercisable within 45 days from the effective date of the Company's registration statement, to purchase up to an additional 187,500 Class A ordinary shares at the public offering price, less underwriting discounts and commissions. The Offering is expected to close on April 23, 2024, subject to customary closing conditions. US Tiger Securities, Inc. is acting as sole book runner for the Offering. Robinson & Cole LLP is acting as U.S. counsel to the Company. VCL Law LLP is acting as U.S. counsel to the underwriter with respect to the Offering. A registration statement on Form F-1, as amended (File No. 333-270434), relating to the Offering was previously filed with the Securities and Exchange Commission ("SEC") by the Company, and subsequently declared effective by the SEC on March 28, 2024. The Offering is being made only by means of a prospectus, forming a part of the registration statement. A final prospectus relating to the Offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Electronic copies of the final prospectus related to the Offering may be obtained, when available, from US Tiger Securities, Inc., 437 Madison Avenue, 27th Floor, New York, New York 10022, or by telephone at +1 646-978-5188. Before you invest, you should read the final prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Tungray Technologies Inc Tungray Technologies Inc is an engineer-to-order ("ETO") company that provides customized industrial manufacturing solutions to OEMs in the semiconductors, printers, electronics, and home appliances industries. With research, development and manufacturing bases in Singapore and China, Tungray designs, develops, and delivers a wide range of industrial products ranging from customized manufacturing machineries, direct drive and linear direct current motors, to induction welding equipment. As an ETO company with more than two decades of experience, Tungray takes pride in its ability to deliver quality customized industrial solutions that fulfil its customers' unique needs and specifications. For more information, visit the Company's website at http://tungray.tech/. Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's proposed Offering and the listing of its securities. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC. For more information, please contact: Investor Relations:Sherry ZhengWeitian Group LLCPhone: 718-213-7386Email: shunyu.zheng@weitian-ir.com
A12 藝術空間
2024
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