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Friday 29 November 2024
iCatch Technology's AI imaging SoC for smart doorbells of North American security brand
The renowned North American home security brand has adopted iCatch Technology's AI Imaging SoC, Vi57, to enhance its product lineup. The security brand has introduced user-friendly, highly reliable, and feature-rich smart imaging security solutions, earning widespread acclaim among North American consumers
Wednesday 27 November 2024
SK Hynix announces 25% hike in dividend in new shareholder return program
SK Hynix Inc. announced today a new program on shareholder return for the 2025-27 period and the "Value Up" plan aimed at boosting corporate value.According to the new shareholder return program, SK Hynix (or "the company", www.skhynix.com) will maintain the existing principle of allocating half of the accumulated free cash flow for resources for shareholder return, while raising the annual fixed dividend (minimum dividend per share that SK Hynix plans to pay out every year) by 25% to KRW1,500 a share from KRW1,200.With the hike in the dividend, the total amount of the cash dividend is forecast to grow to KRW1 trillion annually.The move is aimed at meeting the expectations of the shareholders who have helped SK Hynix overcome difficulties and challenges and advance to a leading global AI memory provider.Despite the expected continuity of a volatile memory business, SK Hynix will make its utmost efforts to protect corporate value by pursuing a balance between shareholder return and financial soundness.For this, the company established specific targets for financial soundness such as net cash and optimal cash level, while deciding to put aside 5% of the free cash flow for enhancement of the financial structure.Net Cash: a company's cash balance after liabilities are subtractedOptimal Cash Level: resources for annual investment aimed at preparing for future growthSK Hynix plans to proceed with an additional return to shareholders within the extent that its finances are maintained sound if its financial targets are met until 2027 when the three-year program comes to an end. It will also review the possibility of an early return to shareholders prior to the expiration of the program if a better-than-expected business performance brings a meaningful increase in the level of free cash flow.Separately, SK Hynix also introduced its "Value Up" initiative aimed at bringing corporate value a notch higher.The Capex Discipline from the plan stipulates that the total amount of annual investment has to stay at an average mid-30% range, compared with the revenues to ease uncertainties of the future and enable quick decision-making in accordance with market conditions to eventually generate a stable flow of cash.The two plans come at a time when SK Hynix prepares to make its leadership in the AI memory space more concrete by establishing a desirable technology roadmap for the future amid diversifying customer demands and an increasing portion of premium products in the full-fledged AI era.Kim Woohyun, Vice President and Chief Financial Officer, said that SK Hynix's corporate value has risen sharply after successfully weathering a downturn amid growing optimism that it will report this year all-time high financial results well above those during a super cycle in 2018."Our goal is to promote the company's long-term prosperity together with our shareholders by carrying out the policies for shareholder return that matches the company's growth and stability of the financial structure," said Kim.
Monday 25 November 2024
U Mobile addresses concerns over winning bid for Malaysia's second 5G network
5G networks represent a massive leap forward in the global telecommunications industry. Offering a wide range of benefits like much faster speed and lower latency, it's improved all manner of other industries from gaming to streaming, by providing a far better calibre of network for these sectors to run on.It also provided massive potential to enhance the mobile gaming experience, with an entire sector of new gaming experiences that have arisen with the introduction of 5G technology. Many of the drawbacks of earlier network generations have been resolved with it, making it a sought-after technology for network providers to use.One area that is benefiting greatly from 5G is the iGaming industry. Casino gaming sites, like this one here, come with big bonuses and a wide selection of games. With 5G, gamers can take full advantage of these benefits.With users from places like Malaysia showing a growing interest in sectors like iGaming now, U Mobile has addressed concerns regarding its recent selection to develop Malaysia's second 5G network. The company highlighted its significant investments and rapid expansion in network infrastructure, which have enabled it to offer competitive mobile packages and achieve coverage comparable to larger competitors.In response to questions about its ownership structure, U Mobile announced that ST Telemedia, a subsidiary of Singapore's Temasek Holdings, will reduce its stake from 48.3% to 20%. This move aims to increase local ownership and align with Malaysia's national interests.However, the decision for U Mobile to be awarded the contract is proving controversial. This is because there are many larger providers in the country like CelcomDigi and Maxis who seem like a more logical choice given the greater resources they possess.As a result, critics have raised concerns about the selection process and the company's foreign ownership. However, U Mobile emphasized its commitment to a swift and cost-effective 5G rollout, citing its track record of investing over RM5 billion in network infrastructure and achieving 95% national population coverage.There are some obvious advantages of 5G: its unparalleled speed. While 4G provided huge improvements over 3G, 5G is much, much faster. This speed increase significantly decreases download times and enables the smooth streaming of high-quality graphics without freezing or excessive buffering.The second crucial area where 5G excels is latency, or the amount of time it takes for information to travel. In industries like gaming, low latency is crucial for responsiveness and real-time interactions. Traditional networks' latency problems make it challenging to provide reliable networks, which could irritate players—especially those who need to react quickly.Beyond speed and latency, 5G's enhanced capacity promises to completely transform mobile entertainment. The capacity to connect more devices simultaneously will eliminate the perils of an overcrowded network. For popular online entertainment sites like streaming services and eCommerce portals, this is especially helpful, as a large number of users can overload the network and render the performance of the site slow.However, 5G allows more users to use the network, making for a consistent, reliable experience despite high traffic volumes. In the case of U Mobile, the company has pointed out its role in promoting affordability in the telecommunications sector by offering competitively priced products and services. With a subscriber base of nine million, U Mobile plans to continue innovating and deploying the second 5G network without relying on government funding.Whatever happens, consumers are hoping the issues can be resolved successfully as 5G networks are also more secure overall. Having a second, strong, affordable, and reliable 5G network will benefit Malaysia greatly as technologies like AI and machine learning will require it as they continue to develop. While U Mobile believes it is the right fit to take 5G forward in the country, time will tell if the contract was perhaps too hastily awarded.
Thursday 21 November 2024
Simmunome: Revolutionizing drug development with tech bio innovation
Founded in 2019 by Armstrong Murira and Nardin Nakhla, Simmunome stands out as a pioneering Canadian techbio startup. While traditional biotech companies focus on developing therapeutics, Simmunome takes a different approach: applying advanced technology to understand biological processes. This distinction places Simmunome at the forefront of transforming drug development through computational methods.Simmunome's tech bio approach bridges the gap between data and actionable insights, offering a unique solution to accelerate drug development. By leveraging cutting-edge technology and strategic partnerships, the company is poised to make a significant impact on global healthcare, redefining how the industry approaches research, development, and patient outcomes.The Origins and Vision of SimmunomeThe idea behind Simmunome began with Armstrong Murira's extensive background in molecular biology and experience in the pharmaceutical industry. Noticing the inefficiencies in clinical research and business analytics, Murira envisioned a future where computational biology could overcome these limitations. "How can we represent complex biological systems computationally to run virtual experiments?" Murira questioned. This approach aimed to save time, reduce costs, and increase the precision of pharmaceutical research. However, the idea was ahead of its time in the early 2010s, when computational power, data access, and AI algorithms were still nascent.By 2019, advancements in these key areas aligned, enabling Murira to co-found Simmunome with Nakhla, a PhD graduate in neuroscience from McGill University. Nakhla brought expertise in machine learning and its application to brain function and visual perception—knowledge that seamlessly connected to the development of biologically accurate computational models.A Tech Bio Approach: From Data to DiscoverySimmunome identifies itself as a techbio rather than a biotech company, reflecting its commitment to using technology to analyze biological data without directly developing therapeutics. The company's platform harnesses artificial intelligence (AI) and machine learning, relying on large volumes of de-identified data from public sources and client-provided datasets. This innovative use of computational tools allows Simmunome to simulate biological processes and predict disease mechanisms, helping pharmaceutical and biotech clients make informed decisions before entering costly clinical trials.One significant advantage of Simmunome's approach is its hybrid data integration. Unlike some tech giants entering the life sciences that focus solely on big data, Simmunome emphasizes data quality and mechanistic representation. "Biology has its own set of rules," a representative explained, "and we combine big data with a mechanistic approach that models these biological rules, resulting in more generalizable and accurate predictions."The Platform's Key ApplicationsSimmunome's platform benefits clients by streamlining multiple phases of drug research:Understanding Disease Mechanisms: By modeling diseases and their underlying pathways, Simmunome helps researchers identify why certain conditions occur, providing insights into dysregulation and potential targets.Target Identification and Validation: Clients can use Simmunome's simulations to pinpoint and confirm potential therapeutic targets, reducing reliance on traditional animal models, which often fail to translate effectively to human biology.Biomarker Discovery and Diagnostics: The platform enables the identification of biomarkers and signals that indicate how specific patient subpopulations will respond to treatments, supporting the development of companion diagnostics.Addressing Industry ChallengesThe journey of building such a platform is not without challenges. Simmunome highlights three main hurdles: data quantity, data quality, and methodological approaches. While a minimum quantity of data is essential, the company underscores that quality often outweighs sheer volume. The hybrid approach taken by Simmunome—training models on general biological mechanisms before layering patient-specific data—avoids biases that can limit predictive accuracy and ensures that results are applicable across broader scenarios.Looking to Taiwan for Growth and CollaborationSimmunome's aspirations extend beyond North America. The company recognizes Taiwan's strengths in data infrastructure, precision medicine, and government-supported innovation as critical assets for its expansion. Taiwan's mature electronic health records systems, extensive biobank resources, and skilled talent pool make it an ideal partner for collaboration. "We're looking for opportunities to conduct clinical validations in Asia, and Taiwan could serve as a strategic stepping stone for entering other regional markets like Korea and Japan," Tanya Tolomeo, Simmunome Head of Business Development stated.Future Goals: Scaling and Democratizing AISimmunome recently completed a CAD 2 million pre-seed round and is preparing for an $8 million seed round in 2025 to fuel its next phase of growth. The funding will support team expansion, the development of new disease models beyond the current nine focused on oncology and neurodegenerative conditions, and new platform features such as drug safety prediction and repurposing tools."Why not develop our own drugs?" is a question many people posed to the company. Their answer underscores their mission to democratize technology. "Developing drugs would require an entirely different core competency and significant capital. More importantly, we want to help as many companies as possible create effective treatments faster, without bias. That's how we drive forward patient care and research."Simmunome CTO and co-founder Nardin Nakhla. Credit: Company
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The Future of AI Chips: Driving Growth and Challenge
Samsung expands mobile phone production beyond Asian countries, says DIGITIMES Research
SLMs to increase presence in GenAI business opportunities, says DIGITIMES Research
Generative AI market to reach US$1.5 trillion by 2030 with Taiwan holds hardware advantage; software and services to see promising future, says DIGITIMES Research