TOKYO, Oct 25, 2023 – (ACN Newswire) – TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; CEO: Koichiro Tanaka), which develops industrial precious metals products as one of the core companies of TANAKA Precious Metals, announced that it has succeeded in creating a high-entropy alloy powder composed of precious metals with a fine particle size of 10µm or less high crystallinity and excellent composition uniformity. This product is the world’s first high-entropy alloy powder composed of only five precious metals: platinum (Pt), palladium (Pd), iridium (Ir), ruthenium (Ru), and rhodium (Rh). TANAKA has already established a mass production process for this product and plans to begin providing samples in October.
TANAKA has established five or more precious metal alloy powders and their production methods, which are used in this product, and obtained a basic patent in June 2023 (Patent No. 7300565)[1]. The precious metal alloy powders in this product are alloys composed only of five or more precious metal elements that maintain the corrosion resistance, electrical conductivity, and other excellent properties of precious metals. They are micro-order[2] alloy powders that are easy to use in industrial applications. Unlike conventional nano-order precious metal high-entropy alloys, micro-order alloys are stable as alloys due to their large crystallite size, and they satisfy the original requirements of alloys, such as improved mechanical strength, corrosion resistance, and controlled thermal expansion. They are also expected to contribute to the improvement of the functions and properties of precious metal alloys, whose properties vary greatly depending on the composition ratio of the alloy.
High-entropy alloy powder
The precious metal alloy in this product is in powder form, and in addition to modeling using a 3D printer and rod forming (forming rod-shaped material by solidifying powder), it can also be used in paste form, which is often used in various circuits and sensors. Furthermore, the high strength and high heat resistance properties of high-entropy alloys are expected to be utilized in catalysts and conductive films that require high durability, among other applications.
[1] Patent related to high-entropy alloy powder granted on June 29, 2023 (Patent No. 7300565). The precious metal alloy powder in this product is defined as (1) precious metal alloy powder consisting of an alloy of five or more precious metal elements, (2) average particle size of 10µm or less, (3) crystallite size of 60nm or more, and (4) one peak observed in the range of diffraction angle 2θ of 38 to 44° in the X-ray diffraction spectrum.
[2] Order: A term used in physics, engineering, and other fields to roughly express the magnitude of a number. It represents the number of digits or degrees of a unit.
Component and surface analysis of high-entropy alloy powderX-ray diffraction spectra of high-entropy alloy powder and various precious metal powders
About High-Entropy Alloys
High-entropy alloys are alloys containing five or more elements in equal amounts and are characterized by the absence of major elements that make up most of the alloy. They have been attracting attention as a new category of metallic materials in recent years. Research and development on high-entropy alloys is being actively conducted worldwide, as the properties of the metals and precious metals contained in these alloys can simultaneously produce properties such as high strength and high heat resistance, as well as the possibility of creating new properties.
About TANAKA Precious Metals
Since its foundation in 1885, TANAKA Precious Metals has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volumes of precious metals handled. Over the course of many years, TANAKA has not only manufactured and sold precious metal products for industry but also provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and around the world collaborate and cooperate on manufacturing, sales, and technology development to offer a full range of products and services. With 5,355 employees, the group’s consolidated net sales for the fiscal year ending March 31, 2023, was 680 billion yen.
HONG KONG, Oct 16, 2023 – (ACN Newswire) – The physical Hong Kong Electronics Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), and electronicAsia, organised by the HKTDC and MMI Asia Pte Ltd, successfully concluded today. The two four-day exhibitions attracted more than 60,000 industry buyers from 146 countries and regions to visit in person, with numbers from ASEAN countries including Indonesia, Malaysia, Singapore and Thailand; Turkey, UAE and Mainland China growing notably, indicating enthusiasm for Hong Kong as a trade fair platform that offers a chance to seize sourcing opportunities.
The Hong Kong Electronics Fair (Autumn Edition) and electronicAsia physical exhibitions concluded successfully today. The two four-day exhibitions attracted more than 60,000 industry buyers from 146 countries and regions to visit and purchase in person.
Sophia Chong, Deputy Executive Director of the HKTDC, said: “This year’s Hong Kong Electronics Fair (Autumn Edition) and electronicAsia brought together nearly 3,200 exhibitors, including overseas exhibitors from 22 countries and regions, bringing multiple innovative ideas and market insights. We are pleased to see a very vibrant and robust meeting scene throughout the fair period. And we are glad that more than 60,000 global buyers came to Hong Kong to participate in one of the most prominent electronics shows in the world, further reaffirming Hong Kong’s position as an international exhibition centre.”
With the theme Unlocking Possibilities: Harnessing AI for Innovation in Consumer Electronics, this year’s the Symposium on Innovation & Technology was attended by a number of heavyweight guests and garnered significant attention from industry participants.
Onsite survey: Nearly 80% of the exhibitors were trying to open up new markets
The HKTDC interviewed more than 1,100 buyers and exhibitors at the fair. Nearly 80% of the exhibitors said they were trying to open up new markets. North America (30%), Northern & Western Europe (28%) and ASEAN Countries (13%) were the most popular.
The Hong Kong Electronic Forum, organised by the HKTDC, MMI Asia Pte Ltd and the Hong Kong Electronic Industries Association, explored the topic of microelectronic ecosystems.
In terms of electronics product trends, respondents were optimistic about the development potential of smart home / smart living products and solutions (22%) and electronic / electrical accessories (19%) in the next two years.
Most respondents believed consumers were willing to pay an additional 20% to buy household appliances that were compatible with smart-home applications (25%).
Turning to Extended Reality (XR) applications, respondents expected the highest market potential in mobile and online gaming (25%) and automotive or other navigation (24%). Most respondents believed robotics had the highest potential to be used in home appliances fields (28%), such as vacuum cleaning and household robots.
The much-discussed generative artificial intelligence (AI) is gaining traction. Among respondents who currently use or plan to use the technology, customer service and support (52.1%) and product design and development (45.6%) were the most popular areas of application.
Exhibitors engaging with quality international buyers
Under the theme New Tech – New Trend – New Lifestyle, the Electronics Fair brought together many exhibitors with comparable strength and potential.
Pippy Zhou, the Overseas Sales Director of Shenzhen Orange Digital Technology Co Ltd, a manufacturer of high-end home and personal entertainment products, expressed that the autumn electronics fair surpassed their expectations when compared to other overseas exhibitions they visited recently. He said: “Every day, we met with around 50 groups of potential buyers, encompassing those from European countries including the United Kingdom, Germany, Poland, the Czech Republic, Italy, and Russia, as well as from the United States, Canada, Mexico, Chile, Brazil, and from Asian countries including Japan, South Korea, India, and Thailand. We anticipate conducting business transactions with 10 to 20 companies among them, resulting in orders totalling approximately 3 to 5 million US dollars.”
Chocho Group, a Hong Kong start-up that specialised in smart-product development, showcased their range of smart trackers, smart pet feeders, smart home technology solutions, and other products at the fair. Aurora Chan, Founder of Chocho, was impressed by the international nature of the event. She said: “We have received inquiries from numerous overseas buyers representing countries such as France, Spain, Japan, Korea, Thailand, Singapore, Malaysia and various Middle East countries. One Indonesian buyer even went so far as to offer us complimentary flight tickets to visit their company in Indonesia, which left a lasting impression on me. Originally, we had planned to expand into the international market within three to five years but now we can expedite that plan by two years.” She anticipated that about 70% of the prospective buyers they engaged at the fair would generate orders, resulting in an estimated revenue of around HK$3 million (US$384,00) for the company.
Global buyers seek smart products
The Electronics Fair and electronicAsia attracted active participation from worldwide buyers.
Bartosz Gorecki, Label Director at x-kom sp. z o.o. in Poland, has sourced electronic products at HKTDC’s electronics fairs almost every year since 2012. This year, he attended the fair to source electronic products that are not yet available on the market, such as mobile phone accessories, computer components and computer peripherals. He engaged with more than 70 suppliers, mainly from Mainland China, Taiwan, Korea, and Vietnam, including those he contacted through the Click2Match business-matching platform. He shared: “My hope is to collaborate with around 50% of these suppliers and foresee placing orders worth between US$3 to US$5 million with these new suppliers.”
Taresh Vadgama, the Vice President of Product Development and Manufacturing at Canadian company Lenbrook International, attended the fair to source streaming and audio equipment, including speakers and amplifiers. He said: “During the event, I had the opportunity to engage with five to six promising new suppliers and conducted eight business meetings through the Click2Match platform. We are looking to establish long-term partnerships with one or two of these suppliers.”
The events featured 83 activities and forums with more than 120 industry leaders from 11 countries and regions invited to bring the latest information and unique insights from the industry to the attendees. These included The Symposium on Innovation & Technology, the Hong Kong Electronic Forum and the Reliability and Prognostics Health Management of Microelectronics Forum. Other events, including the Investment Matchmaking, Hong Kong Value Creation for Technology: Pitching Competition and Meet the Mentors, attracted many industry players to the event.
The two exhibitions will continue to be held under the EXHIBITION+ hybrid mode, where global exhibitors, industry professionals and buyers can conduct online negotiations and matching through the smart Click2Match platform until 23 October.
Media enquiries Please contact the HKTDC’s Communications & Public Affairs Department: Frankie Leung, Tel: (852) 2584 4298, Email: frankie.cy.leung@hktdc.org Janet Chan, Tel: (852) 2584 4369, Email: janet.ch.chan@hktdc.org
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
HONG KONG, Oct 13, 2023 – (ACN Newswire) – The Hong Kong Electronics Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC) and electronicAsia, organised by the HKTDC and MMI Asia Pte Ltd, open today and will run till 16 October at the Hong Kong Convention and Exhibition Centre (HKCEC). Industry professionals and buyers are welcome to visit and source at the fairs.
Prof Dong SUN, JP, Secretary for Innovation, Technology and Industry, HKSAR Government, delivered opening remarks at the Symposium on Innovation & Technology
As businesses worldwide boost their application of innovation and technology, the fairs gather nearly 3,200 exhibitors from 22 countries and regions, generating global business opportunities. In addition to Hong Kong, the fairs also feature exhibitors from Mainland China, Taiwan, Japan and Korea as well as Southeast Asian countries such as Indonesia, Malaysia and Singapore. European exhibitors include those from Denmark, France, Germany and Switzerland, as well as the United States. The extensive geographical reach of the shows demonstrates the industry’s enthusiasm for expanding opportunities through exhibition platforms and cements Hong Kong’s position as an international trade-fair hub.
The Hong Kong Electronics Fair (Autumn Edition) and electronicAsia opened today and will run till 16 October at the Hong Kong Convention and Exhibition Centre
Themed New Tech. New Trend. New Lifestyle, the fair draws high-potential cutting-edge innovators such as Reefan International Limited (booth number: 1C-B02), which focuses on smart health-tech products; and Roadrover Technology (Hong Kong) Co., Limited (booth number: 1CON-016), a company that develops smart driving and automotive electronic solutions.
Start-up Zone gathers nearly 90 entrepreneurial firms, presenting innovative and promising products and solutions
The two fairs feature a plethora of exhibits. The old wing of the HKCEC showcases mainly technology products and services, including solutions utilising deep tech. Featured areas include the Tech Hall and Start-up Zone, which gathers nearly 90 start-up companies. The new wing of HKCEC will primarily showcase high-growth consumer electronic products. Highlight zones include the Hall of Fame and the debut Energy Storage Zone.
Innovative products and solutions featured at the fair include:
Wireless Charging Technology
Portable Wireless Phone Charging Case (iii Hong Kong Limited; booth number CH-D15): Weighing just 80 grams, this portable device allows for easy charging of phones and Bluetooth earphones through public USB ports while safeguarding against data theft. Importers of mobile phone products in the US and Singapore will soon start to manufacture this innovative product. Buyers from Dubai, the Czech Republic and Japan have reached out to the company through the HKTDC’s Click2Match smart business matching platform to schedule collaboration meetings during the fair.
Network Technology
Remote Control Machinery and Vehicle Solutions (eSIX Limited; booth number CH-A06): This network technology solution enables more efficient remote monitoring and control of machine operations. The related technological solutions have already been implemented in container terminals in Hong Kong and Shenzhen and a pilot project in Guangzhou is testing the remote control of autonomous vehicles.
Artificial Intelligence of Things (AIoT)
Fire Alarm System (FireAlert Limited; booth number CH-D01): Utilising thermal imaging cameras and wireless sensors, this system detects fire and smoke within buildings and pinpoints the fire.
Artificial Intelligence (AI)
AI Detection Camera (CY Technology [International] Limited; booth number 5F-G05): The vision system detects pedestrians, cyclists and vehicles in areas around the vehicle outside the driver’s line of sight. It provides real-time visual and audio alerts, notifying the driver of potential risks.
Robotics Technology
Underground Pipeline Robot (Bonbon-X Limited; booth number CH-C14): Equipped with infrared cameras, the robot is designed to replace workers in accessing underground pipelines to detect cracks and document the condition. It can also monitor gas concentration, temperature and humidity levels.
The concurrent electronicAsia presents featured zones with a wide range of exhibits, such as electronics parts and components, keyboards and switches, power supplies, printed circuit boards and EMS, display technology, test and inspection equipment and more. The fair has also attracted leading technology companies, including Guangdong Fenghua Advanced Technology Holding Co., Ltd (booth number 5B-A20), a production base of high-end components and electronic materials; and Chily Precision Industrial Co., Ltd (booth number 5B-F02), manufacturer of power switches and power sockets from Taiwan.
The organisers and partners are hosting more than 80 events and forums during the shows. The Symposium on Innovation & Technology, jointly organised by the HKTDC and Hong Kong Electronics & Technologies Association, was held today, with officiating guest Prof Dong SUN, JP, Secretary for Innovation, Technology and Industry delivering opening remarks. Themed Unlocking Possibilities: Harnessing AI for Innovation in Consumer Electronics, the symposium featured heavyweight speakers who shared insights on industry-related topics and explored applications and opportunities brought about by AI. The event garnered enthusiastic participation from experienced technology experts and industry professionals.
The Hong Kong Electronic Forum, organised by the HKTDC, MMI Asia Pte Ltd and the Hong Kong Electronic Industries Association, will be held tomorrow to explore multiple hot issues such as microelectronics ecosystem. The Reliability and Prognostics Health Management of Microelectronics Forum will be held on the closing day of the fairs.
Start-ups will promote innovative ideas at other events, including the Investment Matchmaking and Hong Kong Value Creation for Technology: Pitching Competition to invite support from investors. Additionally, they will seek advice from experts on business development at the Meet the Mentors event.
Under the EXHIBITION+ hybrid model, exhibitors and buyers can meet online through the Click2Match smart business matching platform in addition to attending the physical fair, and participants from all industries and buyers are welcome to join.
The HKTDC’s Communications and Public Affairs Department: Hong Kong Electronics Fair (Autumn Edition) electronicAsia Frankie Leung, Tel: (852) 2584 4298, Email: frankie.cy.leung@hktdc.org Janet Chan, Tel: (852) 2584 4369, Email: janet.ch.chan@hktdc.org
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
TAIWAN, Oct 5, 2023 – (ACN Newswire) – Following the success of its inaugural edition, the second Electronics Asia Conference (EAC), a virtual conference and exhibition organized by AspenCore, the publisher of EE Times Asia, EE Times India, and EDN Asia, is set to take place from October 17 to 19, 2023. With the theme “Strengthening Asia’s Semiconductor Manufacturing Ecosystem,” EAC 2023 aims to highlight the latest technology trends, innovations, and strategic insights within the electronics and semiconductor industry in Asia.
The global semiconductor industry reversed its five straight quarters of decline by registering a 3.4% revenue growth in the second quarter of 2023, according to Omdia. Driving the turnaround are the wireless segment, the automotive electronics sector, and artificial intelligence (AI), mainly due to growing demand for generative AI and data processing chips in the server space.
According to International Data Corp. (IDC), spending on AI—including software, services, and hardware for AI-centric systems—in the Asia-Pacific region is expected to reach $78.4 billion in 2027, reflecting a shift toward adopting cutting-edge technologies to transform operations and maintain a competitive edge in a rapidly changing market.
Meanwhile, the increasing adoption of Industry 4.0 technologies is fueling the automation and digitalization trends in the industrial space, thereby stimulating demand for Internet of Things (IoT) and embedded systems, as more manufacturers embrace smarter manufacturing.
These key trends are among the many developments driving Asia’s electronics and semiconductor supply chain.
EAC 2023 will put the spotlight on technology innovations that are driving the latest developments and new applications in sectors including IoT, AI/ML, embedded systems, industrial automation, smart manufacturing, the wireless sector, and the electronics and semiconductor supply chain. The event will feature a virtual fairground, an exhibition hall, and a conference space, similar to a live exhibition and conference.
Confirmed companies presenting at the virtual conference include Arm, Applied Materials Inc., Bluetooth Special Interest Group (SIG), Cadence Design Systems Inc., Cambridge GaN Devices, Chip 1 Exchange, GaN Systems Inc., Infineon Technologies AG, Merck Electronics, Molex, Navitas Semiconductor, proteanTecs, NXP Semiconductors, MosChip Technologies Ltd, Mouser Electronics Inc., Silicon Laboratories Inc., SCHURTER Group, STMicroelectronics, Synopsys Inc., Tektronix, and Texas Instruments Inc.
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.
HONG KONG, Oct 4, 2023 – (ACN Newswire) – The Hong Kong Electronics Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), and electronicAsia, organised by the HKTDC and MMI Asia Pte Ltd, will run concurrently from 13 to 16 October at the Hong Kong Convention and Exhibition Centre (HKCEC). Shortly after, the Hong Kong International Lighting Fair (Autumn Edition) will run at the HKCEC from 27 to 30 October and Hong Kong International Outdoor and Tech Light Expo from 26 to 29 October at AsiaWorld-Expo.
Sophia Chong, Deputy Executive Director of the HKTDC (centre); Steve Chuang, Chairman of the HKTDC Electronics/Electrical Appliances Industries Advisory Committee [L]; and Victor Choi, Chairman, Hong Kong Electronics & Technologies Association [R]
The four fairs, hosting over 6,200 exhibitors from 35 countries and regions, will present a wide range of top-notch smart products and solutions, related services and information, lighting products and technologies for many industries, bringing exhibitors and buyers cross-sectoral business opportunities.
GooVision Technology Company Limited, an EFAE exhibitor, showcases a headset that brings excellent Extended Reality (XR) experience
Sophia Chong, Deputy Executive Director of the HKTDC, told the pre-event press conference: “October is the peak season for exhibitions. The four exhibitions we launch this month attract a number of innovative companies with strong potential, gathering exhibitors not just from local, but also from Mainland China, Taiwan, Japan, Korea, Indonesian, Malaysia, Singapore, and other countries and regions; and European countries such as Denmark, France, Germany and Switzerland; as well as the United States. It shows that the industry is actively seizing the huge opportunities brought about by innovation and technology to expand business opportunities through the fairs.”
InnoTech Association Limited will showcase at Electronics Fair smart glasses that utilise artificial intelligence computer vision to convert text into speech for visually impaired individuals
Three highlight zones filled with top of the range technology companies
The Electronics Fair and electronicAsia will host nearly 3,200 exhibitors from 22 countries and regions. Themed New Tech. New Trend. New Lifestyle, the electronics show will bring together a plethora of smart home and office products, such as IoT household goods, health and beauty care products, home and office appliances, entertainment and game products and more, opening up an exciting indoor digital world for the public as artificial intelligence (AI) applications proliferate. The fair also launches outdoor products – including in-vehicle electronics and navigation systems, mobile chargers, sports, camping and outdoor goods – offering users an interesting and enjoyable outdoor life.
The old wing of HKCEC will be dedicated to showcasing technology products and services, including products and solutions utilising deep tech. Among them, the Tech Hall will highlight the latest virtual reality (VR) and augmented reality (AR) products and robotics inventions; whereas in the Start-up Zone, technology entrepreneurs will present innovative and promising products and solutions. In addition, there are zones showcasing a diverse range of electronic products including connected home items, computer and electronic gaming products, as well as in-car devices.
The new wing of HKCEC will primarily showcase appliances and consumer products. Among them, the Hall of Fame Zone will showcase consumer electronics products from renowned brands around the world, providing the public with a convenient and tasteful smart life; the debut Energy Storage Zone will showcase high-capacity mobile chargers.
The fair has attracted a number of top-tier exhibitors including Italian home appliance brand LAICA,Japan’s Toshiba Lifestyle Products & Services Corporation, a Hong Kong-listed company providing IoT solutions Tuya (HK) Limited; a tech firm invested by Haier Group, Qingdao Thunderobot Technology Co.,Ltd; and Huizhou TCL Mobile Communication Company Limited.
At electronicAsia, a wide range of electronics parts and components and related solutions will be showcased, from keyboards and switches, power supplies and photovoltaic (PV) technologies for renewable energy solutions, printed circuit boards and EMS, display technology, to test and inspection equipment. First-time participants of the fair include Amicro Semiconductor Co., Ltd., a “little giant” from Zhuhai listed as a top performer among small and medium-sized enterprises (SMEs) for its exceptional mastery of key technologies and remarkable innovation capacity. In addition, OncQue Corporation from Taiwan, a company specialising in development of technological devices such as vibration sensors and optical sensors, will also be at the fair.
With the support of the Hong Kong Science and Technology Parks, IOTHK Association and Jumpstart, the Start-up Zone brings nearly 80 exhibitors with eye-opening technologies. Among them, Hong Kong enterprise Full Nature Farms revitalised industrial premises into an indoor farm, using the biomimicry farming techniques and Artificial Intelligence of Things (AIoT) to efficiently cultivate affordable organic vegetables and edible flowers.
Symposium on Innovation & Technology discusses key technology issues on first day
A number of seminars and events at the fairs will examine key technology issues. The Symposium on Innovation & Technology, jointly organised by the HKTDC and Hong Kong Electronics & Technologies Association, will be held on the first day (13 October). Prof Dong SUN, JP, Secretary for Innovation, Technology and Industry Bureau, will officiate at the event and deliver opening remarks. Themed Unlocking Possibilities: Harnessing AI for Innovation in Consumer Electronics, the forum has invited heavyweight speakers to share insights on industry-related topics, explore the applications and opportunities of generative AI, and discuss hot topics such as metaverse, VR and XR (Extended Reality), and sustainable development.
The Hong Kong Electronic Forum, co-organised by the HKTDC, MMI Asia Pte Ltd and the Hong Kong Electronic Industries Association, will be held on the second day of the fair to explore multiple hot issues such as microelectronic ecosystems. The Reliability and Prognostics Health Management of Microelectronics Forum will be held on the closing day of the fairs.
At other events, including the Investment Matchmaking, Hong Kong Value Creation for Technology: Pitching Competition and Meet the Mentors, start-ups will promote innovative ideas, invite support from investors and seek advice from experts on business development.
Connected Lighting Zone launches at Autumn Lighting Fair
Under the theme Light Up Every Opportunity, the Hong Kong International Lighting Fair (Autumn Edition) and Hong Kong International Outdoor and Tech Light Expo will gather more than 3,000 exhibitors from over 30 countries and regions. The 25th Autumn Lighting Fair this year introduces the Connected Lighting Zone, highlighting smart and IoT-enabled lighting solutions from renowned international companies and brands, including Leedarson, Midea, Snappy, Quectel, as well as members of DALI Alliance and Shanghai Pudong Intelligent Lighting Association. Another highlighted zone – Hall of Aurora – will also bring together premium lighting products from top-tier global brands, including Megaman, Prosperity Group and Signify. Other thematic zones include Commercial Lighting, Residential Lighting, LED Lighting, LED Essentials, Smart Lighting & Solutions.
Outdoor and Tech Light Expo spotlights sustainable lighting design
The Hong Kong International Outdoor and Tech Light Expo will present such product zones as Exterior Lighting Solutions and Systems, Horticultural Lighting, Innobuild, Outdoor Advertising Lighting, Outdoor and Public Lighting as well as Technical and Professional Lighting.
The Lighting Fairs will feature forums and seminars including the Connected Lighting Forum at the HKCEC from 27 to 28 October, with the themes of Unlocking New Realms in Connected Lighting and Smart Lighting for Healthy Living. Seminars for Outdoor and Tech Light Expo, themed Sustainable Lighting Design and Energy Solutions for a Greener Future in Hong Kong, will also be held at AsiaWorld-Expo on 26 and 27 October.
During the fair period, free shuttle bus service will be provided for registered exhibitors and buyers between the HKCEC and AsiaWorld-Expo.
Under the EXHIBITION+ hybrid model, exhibitors and buyers can use the Click2Match smart business matching platform to conduct online meetings, in addition to attending the physical fair, and participants from all industries and buyers are welcome to join.
Media enquiries The HKTDC’s Communications and Public Affairs Department: Hong Kong Electronics Fair (Autumn Edition) electronicAsia Frankie Leung, Tel: (852) 2584 4298, Email: frankie.cy.leung@hktdc.org Janet Chan, Tel: (852) 2584 4369, Email: janet.ch.chan@hktdc.org
Hong Kong International Lighting Fair (Autumn Edition) Hong Kong International Outdoor and Tech Light Expo Snowy Chan, Tel: (852) 2584 4525, Email: snowy.sn.chan@hktdc.org
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
SINGAPORE, Oct 3, 2023 – (ACN Newswire) – JE Cleantech Holdings Limited (“JE Cleantech” or “JCSE” or “the Company”) (NASDAQ: JCSE), a leading Singaporean cleantech and precision engineering company, today released its financial results for the six-month period ended June 30, 2023 (“H1 2023”). The Company has experienced significant growth in revenue and net income compared to the corresponding period last year (“H1 2022”), reflecting its commitment to delivering innovative and sustainable solutions in the cleaning technology sector.
In H1 2023, JCSE’s revenue experienced an increase of approximately 22.5% compared to H1 2022 to achieve approximately S$8.8 million (US$6.5 million) of sales. The growth was driven by nearly 50% increase in sales of cleaning systems and other equipment. JCSE also recorded a net income of approximately S$0.3 million (US$0.21 million) in H1 2023, demonstrating an approximately 89.8% climb from approximately S$0.15 million (US$0.1 million) in H1 2022. The Company attributes its revenue and profit growth to its solid customer base and changing demand dynamics. Leveraging its expanded customer base through strategic efforts, the Company managed to receive recurring and new orders for the precision cleaning systems.
“2023 has so far been a very promising year for the precision cleaning business”, shared Elise Hong Bee Yin, Founder and CEO of JE Cleantech. “We remain committed to our pursuit of excellence, innovation, and sustainable growth. By adapting to market changes, enhancing customer relationships, and closely monitoring cost dynamics, we aim to continue our trajectory of success.”
The results follow a strong 2022 financial performance from JCSE. With the foundation laid in the first half of the year, JCSE is looking to build upon its success through strategic expansion of its business in new markets. The Company remains committed to Singapore as a priority market while monitoring opportunities overseas. In H1 2023, JCSE stepped up its green efforts by implementing sustainable initiatives in its production, such as installing solar panels in its main facility and enhancing the recycling process. The Company also partnered with a Singapore deep-tech manufacturer to develop cleaning robots in an effort to diversify its product offerings. JCSE is well-positioned to capitalize on the growing demand for sustainable solutions in the global market.
About JE Cleantech Holdings Limited
JE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of precision cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company also has provided centralized dishwashing services, through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. For more information about JE Cleantech, please visit our website: www.jecleantech.sg.
Disclaimer: Forward looking statements
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements may be identified by such words or phrases as “should,” “intends,” “is subject to,” “expects,” “will,” “continue,” “anticipate,” “estimated,” “projected,” “may,” “I or we believe,” “future prospects,” “our strategy,” or similar expressions. Forward-looking statements made in this press release that relate to our future contract revenues among other things involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update “forward-looking” statements.
NOVA SCOTIA, CANADA and OSAKA, JAPAN, Sept 29, 2023 – (ACN Newswire) – Meta Materials Inc. (the Company or META) (NASDAQ:MMAT), an advanced materials and nanotechnology company and a leading solution provider in the field of multi-functional transparent conductive materials, and Panasonic Industry Co., Ltd. (Panasonic Industry), an operating company in charge of device business within the Panasonic Group with a proprietary and scalable process technology which delivers fine line low resistance and high transparency conductive films, have been jointly developing a strategic collaboration from design to mass production. This joint effort is expected to strengthen the supply of NANOWEB® films and accelerate the growth of the transparent conductive film industry, offering new applications for the automotive and consumer electronics sectors, such as transparent film antennas, transparent film heaters, and transparent film electromagnetic shielding.
Today there is an emerging need for ultra-low sheet resistance and high optical performance, especially required for large area applications such as flexible solar cells, smart windows for next generation communications and transparent heaters for automotive applications. According to BCC Research, the global market for transparent conductive films is projected to grow at a 9.2% CAGR, from $4.9 billion in 2020, to $7.6 billion by 2025.
“Our strategic collaboration with Panasonic Industry represents a pivotal moment for META. We have selected Panasonic Industry to mass produce our patented designs due to their outstanding process technology, coupled with their automotive-grade quality, which supports our common goal to expand the transparent conductive materials sector,” stated George Palikaras, President and CEO of META. “This collaboration allows us to pool our collective know-how, setting new benchmarks for the industry.”
Panasonic Industry’s low resistance and high transmittance transparent conductive film has been mass-produced since 2018 in response to the demand for high performance and upsizing touch sensors. META has been successfully working with Panasonic Industry under a Master Services Agreement for several months, resulting in the successful qualification and production of several NANOWEB® proprietary designs for various applications.
Panasonic Industry’s Director of Touch Solutions Business Unit Yuichi Yoshikawa, expressed equal enthusiasm about the collaboration, stating, “We are excited to join forces with META to push the boundaries of transparent conductive materials. This collaboration will be able to provide unprecedented value to the world with the most advanced solutions. Together, we will create new possibilities for various applications, and the industry.”
The collaboration between META and Panasonic Industry combines the design power of NANOWEB® metal mesh designs with Panasonic Industry’s leading proprietary and scalable process technology in transparent conductive films. Together, they will offer cutting-edge alternatives that surpass industry standards and set new benchmarks.
Panasonic Industry and Meta Materials will be showcasing at the Panasonic Industry booth at CEATEC 2023, Japan’s leading comprehensive technology exhibition, from October 17 to 20, 2023. The partners will demonstrate a microwave oven with a transparent EMI shielding window, transparent antennas, and transparent heaters for deicing and defogging of automotive ADAS sensors. These demonstrations will highlight the superior performance and versatility of the metal mesh solutions developed through this collaboration.
About Us:
Meta Materials Inc. (META) is an advanced materials and nanotechnology company. We develop new products and technologies using innovative sustainable science. Advanced materials can improve everyday products that surround us, making them smarter and more sustainable. META® technology platforms enable global brands to develop new products to improve performance for customers in aerospace and defense, consumer electronics, 5G communications, batteries, authentication, and automotive and clean energy. Learn more at www.metamaterial.com.
Panasonic Industry Co., Ltd. was established on April 1, 2022, as an operating company in charge of the device business within the Panasonic Group in line with its shift to an operating company system. The mission of the company states that “We will open the way to a better future and continue to contribute to an affluent society through a variety of device technologies.” On a global basis, the company has about 42,000 employees and achieved net sales of 1,149.9 billion yen for the fiscal year ended March 31, 2023. Against the backdrop of a labor shortage in manufacturing, the explosion of data with the rise of the information-based society, and greater demands for the environment and safety for the mobility society, the company will focus on areas where ongoing evolution is required and continue to provide customer value with distinctive features of unique material and process technologies such as capacitors, compact servomotors, EV relays, and electronic materials. Learn more about Panasonic Industry at https://www.panasonic.com/global/industry.
Media Inquiries: Rob Stone Vice President, Corporate Development and Communications Meta Materials Inc. media@metamaterial.com
Investor Contact Mark Komonoski Senior Vice President Integrous Communications Phone: 1-877-255-8483 Email: ir@metamaterial.com
Panasonic Industry Press Contact Corporate Communication Team Management Planning Department Panasonic Industry Co., Ltd. Email: press-industry@ml.jp.panasonic.com
Forward Looking Information
This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding META, which may include, but are not limited to, statements or implications with respect to the business strategies, product development, expansion plans and operational activities of META.
This press release also includes forward-looking information or statements about Panasonic Industry. To the extent that information or statements in this press release do not relate to historical or current facts, they constitute forward-looking information or statements for Panasonic Industry.
Often but not always, forward-looking information or statements may be identified by the use of words such as “pursuing”, “potential”, “predicts”, “projects”, “seeks”, “plans”, “expect”, “intends”, “anticipated”, “believes” or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would” or “will” be taken, occur or be achieved. Such statements are based on the current expectations and views of future events of the management of META and Panasonic Industry and are based on assumptions and subject to risks and uncertainties. Although the management of META and Panasonic Industry believe that the assumptions underlying these statements are reasonable, they may prove to be incorrect.
The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting META and Panasonic Industry, the capabilities of our facilities and the expansion thereof, research and development projects of META and Panasonic Industry, the total available market and market potential of the products of META and Panasonic Industry, the market position of META and Panasonic Industry, the need to raise more capital and the ability to do so, the scalability of META’s and Panasonic Industry’s production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management’s ability to manage and to operate the business.
More details about these and other risks that may impact META’s businesses are described under the heading “Forward-Looking Information” and under the heading “Risk Factors” in META’s 10-K filed with the SEC on March 23, 2023, in META’s Form 10-K/A filed with the SEC on March 23, 2023, with an SEC filing date of March 24, in META’s Form 10-Q filed with the SEC on August 9, 2023, and in subsequent filings made by Meta Materials Inc. with the SEC, which are available on the SEC’s website at www.sec.gov.
Although the META and Panasonic Industry have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information or statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking information or statements. No forward-looking information or statements can be guaranteed. Except as required by applicable securities laws, forward-looking information or statements speak only as of the date on which they are made and META and Panasonic Industry do not undertake any obligation to publicly update or revise any forward-looking information or statements, whether as a result of new information, future events, or otherwise, except to the extent required by law.
Hong Kong, Sept 28, 2023 – (ACN Newswire) – On September 12th, Apple’s annual fall launch event was held. Despite a 1.7% drop in stock price after the event, the company’s stock price has still gone up nearly 40% since the beginning of 2023.
As the most anticipated Pro lineup, iPhone 15 Pro and iPhone 15 Pro Max received wide attention during the event. Both models feature a strong and lightweight aerospace-grade titanium design, making them the most durable yet lightest Pro models ever. Compared to the former iPhone series, iPhone 15 Pro and iPhone 15 Pro Max are designed with a customizable Action button to replace the single-function switch used to toggle between ring and silent, allowing users to choose between multiple functions and personalize their iPhone experience. Regarding the high-profile camera system, the two models are equipped with a 48MP Main camera and vary in Telephoto camera; the iPhone 15 Pro features an expansive 3x Telephoto camera, and the iPhone 15 Pro Max features 5x at a focal length of 120 mm, providing the longest optical zoom ever on iPhone. According to Apple’s introduction, the new Telephoto camera on iPhone 15 Pro Max has an innovative tetraprism design with a combined optical image stabilization and autofocus 3D sensor-shift module, giving users professional-grade shooting experiences. At the same time, it is said that the iPhone 15 Pro lineup will be able to record spatial video for Apple Vision Pro, bringing a new experience in the near future.
In terms of chips, both models are powered by A17 Pro, the industry’s first 3-nanometer chip. A17 Pro includes 19 billion transistors, a dedicated AV1 decoder and a new USB controller, and the new USB-C connector is supercharged with up to 10Gbps speeds. Meanwhile, the two models feature a 6-core GPU, up to 20% faster than before.
Apple announced its first carbon-neutral products in the Apple Watch lineup, emphasizing low-carbon design and utilizing entirely fiber-based packaging. The new Apple Watch lineup has been designed with a new tool in the Home app called Grid Forecast to inform users of available cleaner energy for their power grid. Both the Series 9 and Ultra 2 models are powered by Apple’s all-new S9 SiP chip to ensure smoother performance.
Analysts from Wall Street continued to be optimistic about Apple’s stock price after the launch event, saying that a large number of loyal customers would still be attracted to and support the company based on Apple’s pricing strategy and the new features presented. Renowned analyst Dan Ives from Wedbush, a U.S. brokerage firm, raised the target price of Apple’s stock from $230 to $240 and maintained an “outperform” rating, stating that the replacement cycle bodes well for Apple. Citi mentioned that Apple’s focus on consumers shifting to high-end smartphones will result in higher profitability for the iPhone 15 series compared to the iPhone 14 series, and they maintained a “buy” rating on Apple.
According to statistical analysis, Luxshare Precision and Foxconn’s subsidiary, FIT Hon Teng, are the major suppliers in terms of USB-C ports and transmission lines. In the new mobile phone assembly OEM supply chain, Foxconn and Luxshare Precision are the main OEMs for the iPhone 15, while Luxshare Precision and Pegatron handle the assembly for the iPhone 15 Plus. The high-end iPhone 15 Pro OEMs are Foxconn and Pegatron, and the top-end iPhone 15 Pro Max are Foxconn and Luxshare Precision.
Analyzing the overall iPhone 15 assembly by proportion, Foxconn accounts for approximately 58% to 60% of the overall proportion, Luxshare Precision accounts for around 28% to 30%, and Pegatron holds a proportion of about 13%. In terms of the proportion of high-end models, data evaluations indicate that the iPhone 15 Pro and Pro Max series account for approximately 63% to 65%, of which the top-end iPhone 15 Pro Max accounts up to 35%, and the combined proportion of the iPhone 15 and 15 Plus is about 35%.
Apart from smartphones, Luxshare Precision is also an assembly manufacturer for Apple Watch and Apple Vision Pro. Luxshare Precision has established a long-term cooperation with Apple based on its solid manufacturing capabilities and strong delivery capacity.
Last week, Luxshare Precision’s chairwoman Wang Laichun revealed in an interview that over the past 12 years, Luxshare’s cooperation with Apple has covered three major product lines, including iPhone, Apple Watch and AirPods. It is also making production preparations for Apple Vision Pro. In addition, Luxshare is producing three models of iPhone 15 series this year, and the business has doubled in a year. In terms of in-depth cooperation and environmental protection, Luxshare Precision is one of the Chinese partners of Apple’s Supplier Clean Energy Program. Wang also mentioned that Luxshare Precision continues to expand production capacity in China to meet Apple’s needs. The company’s newly built manufacturing park in Kunshan last year was specifically used to support the development and mass production of iPhone. From the two parties over a decade of cooperation and development, it is not difficult to find the close relationship between them, and the scope of cooperation has gradually expanded and deepened to a new level.
According to data from research institutions, the global smartphone market is experiencing significant differentiation, with a notable decline in demand for mid and low-end products, while the demand for high-end smartphones remains strong. Apple has consistently maintained a dominant position in the high-end smartphone market. Following the launch of the new products, it is believed that the consumer electronic industry will be further stimulated, and both upstream and downstream companies in Apple’s supply chain are expected to benefit from it.
Hong Kong, Sept 21, 2023 – (ACN Newswire) – Luxshare Precision released its 2023 interim report last month, revealing that total revenue rose by 19.53% to RMB97,971 million. The net profit after the deduction of non-recurring profit and loss attributable to ordinary shareholders increased by 22.48% to RMB4,154 million. Among them, the operating revenue of the automotive business soared by 51.89% to RMB3,207 million, showing its strong growth momentum.
According to the data from the China Association of Automobile Manufacturers and Askci Research, automotive electronics has become the fastest-growing segment of electronic systems in China in recent years, with a CAGR of 12.54% from 2017 to 2023, estimated to reach RMB1,097.3 billion in 2023. Luxshare’s latest conference call also noted that its automotive Tier 1 business will continue to grow in the next two years and is expected to enjoy explosive growth in 2025 and afterwards.
As early as 2008, Luxshare Precision entered the automotive industry as a Tier 2 supplier. With more than a decade solid experience, it now possesses comprehensive product capabilities and reserves, such as automotive harnesses, connectors and intelligent driving, as well as providing customers with high-value product services. According to research reports, the current major product lines in the automotive sector of Luxshare have a per-vehicle value ranging from RMB10,000 to RMB40,000, making it a comprehensive supplier of leading automotive parts and modules in China.
Compared with other suppliers in market, Luxshare has advantages in response speed and cost control based on its proven track record in consumer electronics experience. Meanwhile, its primary connector and harness products have also achieved remarkable results. Currently, Luxshare has become a comprehensive supplier that integrates the design, validation, and manufacturing of complete low-voltage and high-voltage vehicle harnesses, specialized harnesses and charging gun, developed a wide range of connectors for use in vehicles, including low-voltage, high-voltage and high-speed connectors.
It is known that Luxshare entered the intelligent driving field under the in-vehicle network trends to be a Tier-1 supplier of automotive parts worldwide, with integrated driving and parking solutions as one of its main focuses. Recently, Luxshare launched the second-generation single system-on-a-chip (SOC) integrated driving and parking domain controller DAC1.1, successfully entering the affordable integrated driving and parking market and expanding its technology to a broader range of budget-friendly vehicle models.
It is indeed that Luxshare’s cooperation with auto manufacturers has become increasingly close in recent years.
Tracing its developing route, in February 2022, Luxshare reached strategic cooperation with Chery Automobile and intends to form a joint venture to provide cutting-edge research and development design, mass production platforms, and overseas markets for Luxshare’s core automotive components business; In October 2022, Luxshare Precision Industrial and Huawei were granted a patent for a “high-speed automotive connector component”, which could improve the stability of connections in high-speed automotive connector components; In June 2023, Luxshare joined forces with GAC group to establish a subsidiary company. In August 2023, Luxeed’s first official image was released, jointly developed by Huawei and Chery. Luxshare is expected to be essential in Huawei’s cooperation through Chery.
The above actions demonstrate that Luxshare continuously expands its influence in the automotive market. It can be anticipated that Luxshare will be seen behind more new automobile models in the future, in addition to the current collaborations with Chery, Huawei and GAC Group.
Overall, Luxshare is gradually growing and strengthening its presence in the automotive industry, relying on its excellent reputation in the consumer electronics field, strong product development capabilities, outstanding manufacturing capabilities and excellent cost control. It is believed that Luxshare would bring more empowerment to the automotive industry during the process of being a leading Tier 1 supplier.
Hong Kong / ACN Newswire / September 18, 2023 / The Ministry of Industry and Information Technology (“MIIT”)’s “14th Five-Year Plan for Promoting the Development of Small and Medium-sized Enterprises (“SMEs”)” has announced that it is necessary to establish a “one million, one hundred thousand, ten thousand ,a thousand” SMEs gradient cultivation system, which aims for China to nurture 1 million innovative SMEs, 100,000 provincial-level specialized and sophisticated SMEs, 10,000 specialised and sophisticated – Little Giant enterprises, and around 1,000 individual champions in the manufacturing industry. It plans to do this through the “dual innovation” of SMEs from 2021 to 2025, which will guide SMEs to gradually strengthen their comprehensive strength.
Previously, the fifth batch of national-level specialised and sophisticated – Little Giant SMEs were announced, and 3,671 enterprises have been selected. National-level specialised and sophisticated – Little Giant enterprises are recognized at a high level with stringent assessment conditions, and are required to satisfy the six indicators of specialization, sophistication, uniqueness, newness, chain, and product, being the leaders of specialized and sophisticated SMEs. These are the championing enterprises that adhere to the development strategy of specialization, and typically specialize in niche sectors, with strong innovation capability, high market shares, mastery of key core technologies and excellent quality. From the perspective of industry distribution, over 60% of specialised and sophisticated – Little Giants enterprises belong to the basic industrial field, while over 80% belong to strategic emerging industries and related service sectors. The industry distribution is highly concentrated, which is an important support to ensure the stability of the supply chain and industrial chain.
At the beginning of this year, Niche-Tech Kaiser (Shantou) Limited (“Shantou Niche-Tech”), a wholly-owned subsidiary of Niche-Tech Semiconductor Materials Limited (the “Company” or “Niche-Tech”), was recognised as a provincial-level “specialised and sophisticated” Small and Medium-Sized Enterprise of Guangdong Province in 2022. After that, the Shantou Niche-Tech achieved another milestone by being recognised as a national-level specialised and sophisticated – Little Giant enterprise, which is a high affirmation and recognition of Shantou Niche-Tech’s comprehensive strength in technology, product capability, innovation capability and market competitiveness. Shantou Niche-Tech has been dedicated to the innovative research and development of specialized materials for professional semiconductors and microelectronic components since its establishment. It has continuously explored and discovered new technologies in this field. Over the past seventeen years, leveraging its technical expertise, Shantou Niche-Tech has consistently introduced new and improved products, providing superior quality solutions to customers worldwide.
Niche-Tech is one of the leading companies in the domestic semiconductor packaging materials industry, co-founded by Professor Stephen Chow and Dr. Felix Chow in 2006. The main business focuses on the research and development, manufacturing, and sales of high-precision wire bonding, potting materials, adhesive materials and other high-tech materials specifically designed for semiconductor packaging. Niche-Tech has always insisted on innovation as the driving force, focusing on the research and development of advanced packaging materials, which are well-recognized by market. Additionally, Niche-Tech has developed a new copper alloy bonding wire specially for the Power IC and IGBT products, which has been validated and recognized by top-tier customers in the PRC. Furthermore, considering the rapid development of 5G networks, Niche-Tech will continue to invest more resources in upstream packaging materials for the 5G industry, creating another growth opportunity for the company.
With policy support and increasing demand, the semiconductor industry is experiencing a significant upswing, carrying immense potential for development. As a leading player of the industry, Niche-Tech consolidates its core business development and breaks down the barriers of imported semiconductor packaging materials with technological innovation. By promoting domestic production, Niche-Tech is continuously enhancing its level of specialization, leading the industry towards continuous advancement.
![Sophia Chong, Deputy Executive Director of the HKTDC (centre); Steve Chuang, Chairman of the HKTDC Electronics/Electrical Appliances Industries Advisory Committee [L]; and Victor Choi, Chairman, Hong Kong Electronics & Technologies Association [R]](https://photos.acnnewswire.com/20231004.HKTDC1.jpg)
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