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Maker week empowers mass innovation 2019

Junyun — Sun, 11 Aug 2019 16:28:06 +0000

SERVING as an international display platform for innovation and entrepreneurship with Shenzhen characteristics, the 2019 National Mass Innovation and Entrepreneurship Week Shenzhen Venue and Fifth Shenzhen International Maker Week kicked off at Huaqiangbei in Futian District on Thursday morning.Zeus robots, developed by Shenzhen Zeus Robot Co. Ltd., do somersaults while visitors look on at a Maker Week event in Huaqiangbei on Thursday. Photos by Sun Yuchen

Themed “Make with Shenzhen,” this year’s maker week will continue to highlight the power of entrepreneurship and innovation, focus on cutting-edge technologies, connect maker projects and stimulate the enthusiasm of the masses for innovation and entrepreneurship.

There will be a total of 22 major activities at the main venue in Futian and 14 subvenues across the city during the maker week, which will run through Wednesday.Makers with Shenzhen Open Innovation Lab show their product.Activities at the main venue include the launch ceremony, a themed exhibition, an exhibition on the achievements of international makers at Huaqiangbei and SEG Plaza, and a thematic activity titled “Co-create ● Empower Your Future” at Futian Hi-tech Exhibition Center.

A filter that can wash farm chemicals off fruit and vegetables.

Residents can get a glimpse of the world’s top-notch wearable devices, IoT applications for smart households, intelligent robots, 3-D printing technology, holographic projection, virtual reality (VR), and augmented reality (AR) and mixed reality (MR) technologies, as well as get to know how these new technologies will bring about immense changes in our daily life.Garret Winther, partner and program director with HAX, said he was amazed by the speed and potential of Shenzhen when he first visited the city six years ago. HAX is a seed accelerator focused on hardware startups.

An expat maker with HAX, a hardware accelerator maker space in Huaqiangbei, smiles while his co-maker gestures to a robot they developed.

Over the years, he returned to Shenzhen many times and was so amazed by the opportunities in Shenzhen that he left his previous job in London and moved to Shenzhen with his whole family.

“Shenzhen’s ecosystem of electronic manufacturers, component suppliers, professional logistics services and skilled talents allow us to build smart hardware products cost-effectively and faster than anywhere in the world,” said Winther.

Niu Xinyu, founder of Shenzhen Corerain Technologies Co. Ltd., said Shenzhen is a city that never fails a hard worker. “Whether it’s Shenzhen’s business environment and support to makers or the Greater Bay Area’s policies, it is the best era to start a business in Shenzhen.”

A visitor tries a third-generation car engine component model.

According to Wang Lixin, deputy mayor of Shenzhen, the city currently has nine laboratories set up by Nobel laureates, five State-level mass innovation and entrepreneurship bases, 2,190 city-level innovation platforms and seven overseas innovation centers.A woman tries on a graphene facial mask.

People who intend to visit the main venue can scan the QR code attached to this article to make a reservation.

Taiwan’s Yageo to buy U.S. PULSE electronic components firm for $740 million

Junyun — Tue, 22 May 2018 07:41:51 +0000

TAIPEI (Reuters) – Taiwan’s Yageo Corp 2327.TW said it would buy U.S.-based Pulse Electronics for $740 million, marking its biggest deal ever as it looks to expand in the United States and Europe.

The cash offer is the second mid-sized bid from a Taiwanese electronics company to buy a U.S.-based firm in recent months. The other one was Foxconn’s $866 million offer for PC accessories company Belkin in March.

Acquiring Pulse, a maker of electronic components for cars and heavy industries, will strengthen Yageo’s position in the automotive electronics market, a Yageo executive told a news conference on Tuesday, underscoring the growing focus on new energy vehicles that use more smart technology.

Pulse, which also sells into the wireless and wireline communications market and defense industry, won several key customers last year, including a new contract to supply to a leading U.S. electric vehicle company, it said in January.

Last year, Pulse reported revenue of $315 million and a net profit of $34.6 million.

Yageo provides resistors, capacitors, wireless components, and soft ferrite products for consumer, automotive and industrial markets, according to the company’s website.

The company’s shares have had a big run recently after years of middling performance – climbing seven fold in the past year.

Its revenue rose 62 percent in the March quarter to a record $11 billion Taiwan dollar ($368.25 million) while the company posted its highest ever net profit as well.

Reporting by Jess Macy Yu, Chyen Yee Lee and Taiwan bureau; Additional reporting by Kane Wu from Hong Kong; Editing by Sayantani Ghosh and Himani Sarkar

ON Semiconductor to Buy Fairchild Semiconductor for $2.4 Billion

Junyun — Sun, 08 Nov 2015 04:26:04 +0000

ON Semiconductor has agreed to acquire fellow chip company Fairchild Semiconductor for about $2.4 billion in cash, the latest deal in the consolidating semiconductor space.

The price tag of $20 a share values Fairchild at a 41% premium to where the stock was trading before news reports last month suggested Fairchild was seeking a buyer. ON said it would fund the deal through cash on hand and $2.4 billion in new debt.

The tie-up brings together two companies with complementary product lines in a rapidly consolidating semiconductor industry, said ON Chief Executive Keith Jackson. The move to boost ON’s presence in the industrial, automotive and smartphone markets will immediately add to ON’s earnings, the company said.

Fairchild, the descendant of a seminal Silicon Valley startup founded in 1957, sells thousands of components used in cars, smartphones, appliances and other products. Where companies like Intel Corp. INTC -0.83% build costly factories to create ultrasmall circuitry on expensive chips, Fairchild uses older production lines to churn out low-price products.

The move boosts ON’s presence in the industrial, automotive and smartphone markets

Based in San Jose, Calif., Fairchild has struggled in recent quarters amid lower demand from the telecom sector, and mobile and appliance customers. Last year, the company moved to eliminate jobs and some manufacturing operations as part of a plan to cut costs.

Amid slowing growth and rising costs, chip companies have so far this year announced about $100 billion in mergers and acquisitions, according to Dealogic, exceeding the $37.7 billion total for all of 2014. Deals include Avago Technologies Ltd. ’s sector-record $37 billion purchase of Broadcom Corp. , announced in May, and Intel Corp.’s planned $16.7 billion acquisition of Altera Corp.

ON said Wednesday that it anticipates annual cost savings of $150 million within 18 months after closing the transaction. The deal is expected to be completed in the second quarter of 2016.

Shares in ON, up 6% this year, were inactive premarket. Fairchild’s stock, up 6% this year amid takeover speculation, added 7.1% to $19.15

Texas Instruments completes acquisition of National Semiconductor

Junyun — Wed, 18 Jul 2012 15:55:06 +0000

National becomes part of TI’s Analog business and expands company’s ability to deliver more products, expertise and support for customers

SANTA CLARA, Calif., Sept. 23, 2011

Texas Instruments Incorporated (TI) (NYSE: TXN) today announced the acquisition of National Semiconductor (NYSE: NSM) is complete.

“National is now a strategic part of TI’s Analog growth engine. Together, we’re focused on accelerating semiconductor innovation to improve performance and power efficiency for our customers’ electronic systems,” said Rich Templeton, TI’s chairman, president and chief executive officer.

More than 5,000 National employees will immediately become part of TI. The two companies will begin the work to integrate National as a unit of TI’s Analog business, which will have a combined portfolio of nearly 45,000 analog products, strong customer design tools, and a sales force that is 10 times larger than National’s previous footprint.

“The closing of this transaction allows TI to expand its market presence with more leading-edge analog products, greater manufacturing capacity, and the largest sales and applications team in the industry. Together, we will serve more customers in more markets,” Templeton said.

The transaction, announced on April 4, 2011, cleared all required regulatory reviews and was approved by National’s shareholders. TI will include National’s contribution to financial performance in the company’s third-quarter earnings announcement on October 24.

With today’s close, TI’s Analog semiconductor business now represents more than 50 percent of the company’s revenue.

TI will continue to operate National’s manufacturing sites, located in Maine, Scotland and Malaysia, as well as business headquarters in Santa Clara and sales/design support around the world.