Product-form solution

Generation Alpha set to be most entrepreneurial yet, as new research reveals expectations for a world of ‘ultimate convenience’

Retrieved on: 
Jeudi, novembre 16, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231114570772/en/
    In just four years, the first members of Generation Alpha will enter the workforce.
  • Whilst Gen Z have already had a profound impact on the way businesses operate, the next generation is set to shake things up even further.
  • Generation Alpha are as deeply connected in the online world as the real one3.
  • Applications will open in due course and those interested in participating will be able to sign up via Visa’s website.

Resideo Announces Third Quarter 2023 Financial Results

Retrieved on: 
Mercredi, novembre 1, 2023

SCOTTSDALE, Ariz., Nov. 1, 2023 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer and developer of technology-driven products that provide critical home comfort, energy management, and safety and security solutions and a leading wholesale distributor of low-voltage security, life safety, audio visual, data com, and other product categories, today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Consolidated net revenue was $1.55 billion in third quarter 2023 compared with the prior year third quarter revenue of $1.62 billion.
  • Net cash provided by operating activities of $60 million in third quarter 2023 compared to $37 million in the third quarter 2022.
  • As part of the $150 million share repurchase program authorized in early August 2023, Resideo repurchased 1.8 million shares during the third quarter 2023 at a total cost of $30 million.
  • The following table summarizes the Company's current fourth quarter 2023 and updated full year 2023 outlook.

Alkira Boosts Global Expansion Efforts for Enterprises with Cloud Exchange Point Presence in China

Retrieved on: 
Mercredi, septembre 13, 2023

SAN JOSE, Calif., Sept. 13, 2023 /PRNewswire/ -- Alkira®, the pioneer in agentless, multi-cloud networking, today announced availability of Alkira Cloud Exchange Point® (CXP) in China, extending Cloud Network-as-a-Service in the country for seamless global network connectivity. With Alkira CXP presence in China, enterprises can simplify deployment and operations by leveraging a unified management and control plane for China and the rest of the world. Alkira CXP is delivered entirely as-a-service, meaning no hardware, software, or agents need to be installed. 

Key Points: 
  • SAN JOSE, Calif., Sept. 13, 2023 /PRNewswire/ -- Alkira® , the pioneer in agentless, multi-cloud networking, today announced availability of Alkira Cloud Exchange Point® (CXP) in China, extending Cloud Network-as-a-Service in the country for seamless global network connectivity.
  • With Alkira CXP presence in China, enterprises can simplify deployment and operations by leveraging a unified management and control plane for China and the rest of the world.
  • CBC Tech, renowned for its comprehensive offerings, delivers CBC NaaS—an umbrella of next-generation networking solutions, including SD-WAN, SASE and Cloud Networking, designed to empower global enterprises operating in China.
  • With presence in China, enterprises can direct the entire NaaS without the complexity of deploying and managing separate domains of infrastructure for China regions.

Kulicke & Soffa Collaborates with TSMT

Retrieved on: 
Mardi, août 8, 2023

SINGAPORE, Aug. 8, 2023 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S", "we" or the "Company") announced its collaboration with TSMT (Taiwan Surface Mounting Technology Corp), a worldwide leading LCD SMT (Surface Mount Technology) solutions provider, to advance mini LED backlight and direct emissive displays for high-volume adoption. 

Key Points: 
  • Mini LED technology in displays is anticipated to increase rapidly over the coming years, providing new opportunities for Kulicke & Soffa's advanced display portfolio.
  • The Company's dedicated advanced display solutions – PIXALUX™ and LUMINEX™ – support demanding market requirements with new-levels of throughput and high-accuracy placement capabilities.
  • Leveraging these innovative dedicated solutions as well as the collective process knowledge of both K&S and TSMT, this collaboration seeks to overcome today's process challenges to accelerate the mass adoption of advanced display technology.
  • "Our comprehensive advanced display portfolio directly serves the technology needs of major display markets rapidly transitioning to advanced display technology.

Kulicke & Soffa Collaborates with UCLA

Retrieved on: 
Mardi, août 8, 2023

SINGAPORE, Aug. 8, 2023 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S", "we" or the "Company") announced its expanded collaboration with The University of California, Los Angeles, Center for Heterogeneous Integration and Performance Scaling (UCLA CHIPS) to deliver cost-effective advanced solutions which are needed within Artificial Intelligence (AI), high-performance computing (HPC) and data-center applications today. As the need for leading-edge packaging technology moves into higher-volume markets, yield, throughput and productivity are becoming increasingly important.

Key Points: 
  • SINGAPORE, Aug. 8, 2023 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. ( NASDAQ: KLIC) ("Kulicke & Soffa", "K&S", "we" or the "Company") announced its expanded collaboration with The University of California, Los Angeles, Center for Heterogeneous Integration and Performance Scaling (UCLA CHIPS) to deliver cost-effective advanced solutions which are needed within Artificial Intelligence (AI), high-performance computing (HPC) and data-center applications today.
  • K&S joined UCLA CHIPS as a charter member in 2016 to develop ultrafine pitch micro-bump interconnect solutions.
  • Kulicke & Soffa's innovative fluxless process eliminates contamination concerns while ensuring interconnect integrity through an integrated delivery platform.
  • With our collaboration and continuous development efforts with UCLA, we are confident that K&S micro-bump interconnect solutions will deliver exceptional value to support the rapidly evolving industry."

AUO Digitech Provides Smart Upgrades for Semiconductor Assembly and Packaging Plants

Retrieved on: 
Mardi, mai 23, 2023

HSINCHU, Taiwan, May 23, 2023 /PRNewswire-PRWeb/ -- In recent years, the semiconductor assembly and packaging industry, which has been known for its labor-intensive nature, has been facing talent shortages due to the issue of declining birth rates. To address the labor shortage challenge faced by semiconductor assembly and packaging field, AUO Digitech, a subsidiary of AUO specializing in providing smart industrial services, has independently developed the Intelligent Automated Material Handling System (iAMHS). By combining the world-leading ball bonder from Kulicke & Soffa Industries, Inc. (K&S) and the rail guided vehicle (RGV) system from Leyu Precision Co., Ltd. (Leyu), AUO Digitech has created a comprehensive solution that has been successfully implemented at multiple semiconductor production sites. This solution not only helps client achieve full automation of their production lines, but also increases production capacity by at least 10%.

Key Points: 
  • To address the labor shortage challenge faced by semiconductor assembly and packaging field, AUO Digitech, a subsidiary of AUO specializing in providing smart industrial services, has independently developed the Intelligent Automated Material Handling System (iAMHS).
  • To address the labor shortage challenge faced by semiconductor assembly and packaging field, AUO Digitech, a subsidiary of AUO specializing in providing smart industrial services, has independently developed the Intelligent Automated Material Handling System (iAMHS).
  • AUO Digitech Collaborates with K&S and Leyu to Create a Comprehensive Solution, Reducing the Risk of Material Mishandling and Alleviating Labor Shortages Problems
    AUO Digitech has paid close attention to the needs of the smart manufacturing industry, and together with K&S and Leyu, AUO Digitech provides one-stop service solutions that target the issues faced by the semiconductor assembly and packaging field.
  • AUO Digitech, in collaboration with K&S, is advancing into the semiconductor assembly and packaging field to provide smart manufacturing solutions.

Resideo Announces First Quarter 2023 Financial Results

Retrieved on: 
Mercredi, mai 3, 2023

First quarter 2023 results include $98 million of net revenue contribution from the First Alert acquisition and unfavorable foreign exchange fluctuations of approximately $13 million.

Key Points: 
  • First quarter 2023 results include $98 million of net revenue contribution from the First Alert acquisition and unfavorable foreign exchange fluctuations of approximately $13 million.
  • Operating profit of $72 million, down 10% compared to the first quarter 2022
    ADI first quarter 2023 net revenue of $891 million was up $4 million compared to the first quarter 2022.
  • Gross margin of 19.2% in the first quarter 2023 was down 10 basis points compared to first quarter 2022.
  • Operating profit of $72 million for first quarter 2023 was down 10% from $80 million in first quarter 2022.

Breville® Introduces the Joule™ Turbo Sous Vide, the First Model In the Category To Make Sous Vide Faster

Retrieved on: 
Lundi, mai 1, 2023

TORRANCE, Calif., May 1, 2023 /PRNewswire/ -- Breville, the iconic global brand that delivers premium kitchen appliances rooted in innovation and design, announces the launch of the Joule™ Turbo Sous Vide, the company's first hardware evolution to the beloved Joule™ Sous Vide since its launch disrupted the market in 2015.

Key Points: 
  • This means cooks will be able to get meals on the table perfectly in half the time – every time.
  • "The new Joule™ Turbo Sous Vide answers some struggles we've heard in the community for years.
  • "We aim to provide home cooks with an intuitive tool that makes sous vide convenient for mid-week cooking, like air frying or multi-cooking.
  • Sleek cylinder that's only 12.24 inches tall, 1.85 inches in diameter, and at 1.4 lbs to easily fit into any drawer in your kitchen

ISC Named to The Globe and Mail’s 2023 Women Lead Here Benchmark for Executive Gender Diversity

Retrieved on: 
Vendredi, mars 24, 2023

ISC has been named on the Women Lead Here list since it was launched in 2020.

Key Points: 
  • ISC has been named on the Women Lead Here list since it was launched in 2020.
  • The benchmark uses proprietary research methodology to determine which Canadian corporations make tangible, systemic, organizational progress related to executive gender parity in Canada.
  • In total, 90 companies earned the 2023 Women Lead Here seal, with a combined average of 46 per cent of executive roles held by women-identifying individuals.
  • The 2023 Women Lead Here list can be found in the April 2023 issue of Report on Business magazine, distributed with The Globe and Mail on Saturday March 25, 2023, and online at tgam.ca/WomenLeadHere .

Resideo Announces Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Mercredi, février 15, 2023

The Company incurred $35 million in restructuring and impairment expenses related to these costs reduction actions, which were recorded in the fourth quarter of 2022.

Key Points: 
  • The Company incurred $35 million in restructuring and impairment expenses related to these costs reduction actions, which were recorded in the fourth quarter of 2022.
  • Consolidated revenue of $1.56 billion in the fourth quarter 2022 grew 7% compared with the prior year of $1.45 billion.
  • Gross profit margin for the fourth quarter 2022 was 27.6%, flat to the prior year quarter.
  • At December 31, 2022, Resideo had cash, cash equivalents and restricted cash of $329 million and total outstanding debt of $1.4 billion.