SAN DIEGO – Altium is excited to announce the opening of its new regional office in Seoul, Korea. Altium recognizes considerable potential in Korea and would like to serve customers better, shorten the feedback loop, and address the specific needs of the Korean market. Korean customers will experience improved service, competitive pricing, and product enhancements. This is an important step forward for Altium as it continues to grow and expand its direct reach into new markets.
“Altium has been operating in Korea for over five years, forming strong customer relationships in multiple segments, such as Consumer Electronics, Industrial Automation, and Automotive Engineering, as well as with various Korean Government Agencies. Establishing a dedicated team covering all aspects of customer engagement from Pre-Sales to Sales & Marketing and Customer Support will allow Altium to better address local market needs in Korea.” - Pelle Chiari, Director, Altium Korea Software Ltd.
The Korean market, ranking third in the global market for electronics production, is viewed as a key driver to Altium's growth over the next five years. This expansion is expected to help Altium grow its Korean market presence by providing faster and more efficient support to existing customers and more personal outreach to new customers supporting continuous innovation by companies in Korea. The local office opening is part of the company’s overall goal of delivering outstanding customer service and competitive pricing within the country.
WASHINGTON – The Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer regarding U.S. Commerce Secretary Gina Raimondo’s remarks today on implementation of the CHIPS and Science Act.
“Secretary Raimondo has been a tireless advocate for the CHIPS and Science Act, the historic new law that will reinvigorate chip production and innovation in America. Since the CHIPS Act was introduced, companies in the semiconductor ecosystem have announced new projects across America totaling hundreds of billions of dollars in private investments and supporting hundreds of thousands of new jobs. These new projects—combined with the new law’s critical investments in semiconductor research—will help strengthen America’s economy, national security, critical supply chains, and leadership in the semiconductor-driven technologies of today and tomorrow.
“As the Secretary highlighted today, we must now ensure the CHIPS Act is implemented efficiently, effectively, and expeditiously. We share her ambitious vision that CHIPS implementation provides an historic opportunity to ‘unite behind a shared objective … and think boldly and think big.’ We look forward to working with Secretary Raimondo and other leaders in the Administration to advance the CHIPS Act’s goals of strengthening our economy and national security and making our supply chains more resilient.”
ATLANTA – TrustedParts.com was created by ECIA, in collaboration with participating distributors to support the authorized electronic components industry by giving users access to aggregated price and availability data for genuine parts from only authorized sources. While other inventory aggregation sites may include data from sources that are not authorized by the manufacturer, ECIA works extensively on an ongoing basis to verify that price and availability data displayed on TrustedParts.com is only for products for which the distributors are authorized/franchised. That is why TrustedParts.com is the trusted source for searching the authorized channel for electronic components.
Since its launch in 2010, the platform has added features which continue to improve the functionality of the electronic component search engine so that customers can easily and quickly source reliable products from authorized distributors. Now, with Parametric Search, browsing the site is even easier.
“The advantage of parametric search is that it allows users to find products that meet their desired specifications without needing to know an exact part number,” explained Victor Meijers, ECIA Sr. Vice President. “If you have a set of technical specs, you can use our search to find parts that match those specs. It's very easy and intuitive to use. You can select from a wide variety of product specifications to narrow down your search and then filter the results and browse to find the electronic components that you need.”
TrustedParts.com was created as a free service to purchasing professionals, design engineers and anyone in need of electronic components price and availability information from franchised distributors. Membership in ECIA is not required to participate on the site.
WALTHAM, MA – Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, today sent a letter to shareholders urging them to disregard proxy voting materials issued by Murchinson Ltd. (“Murchinson” or the “Fund”) and its manager, Mr. Marc Bistricer.
As previously announced on January 30th, 2023, the notice of a special general meeting of the Company’s shareholders issued by Murchinson failed to comply with requirements under applicable law. Accordingly, the meeting is invalid. The Nano Dimension Board of Directors urges shareholders to take no action and disregard any materials or WHITE proxy cards they may receive. In addition, the Company filed today a lawsuit in the courts in Israel seeking a declaratory judgment that the Murchinson meeting is illegal and seeking damages in relation to Murchinson’s illegal and bad faith actions. Nano Dimension will inform its shareholders if and when a valid and duly called meeting will be held.
The Nano Dimension Board of Directors and management team are committed to continuing to act in the best interest of the Company and all of its shareholders and in accordance with the applicable laws and regulations, as well as with the Company’s articles of association.
The Company remains focused on its primary mission: to accelerate the growth of its business, leverage its unique market position and seize organic and inorganic opportunities to drive meaningful shareholder value creation. The Company initiated a $100 million share repurchase program and intends to continue its M&A strategy to create the clear AM market leader and transform AM, AME and adjacent industrial non-digitized sectors.
The full text of the letter sent to shareholders follows.
DO NOT RETURN ANY WHITE PROXY CARD FROM MURCHINSON LTD. NANO DIMENSION WILL INFORM ITS SHAREHOLDERS WHEN A VALID MEETING WILL BE HELD NO SHAREHOLDER ACTION IS REQUIRED AT THIS TIME
Dear Fellow Shareholder,
Thank you for your investment in and continued support of Nano Dimension.
You may have received materials recently distributed by Murchinson Ltd. related to a special general meeting of the Company’s shareholders. You should disregard those materials, including the WHITE proxy cards. No shareholder action is required or appropriate at this time.
As previously announced on January 30th, 2023, the notice of a special general meeting issued by Murchinson failed to comply with requirements under applicable law and the meeting notice is invalid. In addition, the Company filed a lawsuit in the courts in Israel seeking a declaratory judgment that the Murchinson meeting is illegal.
Only Nano Dimension will inform its shareholders if and when a valid and duly called meeting will be held, and the Company will provide materials describing important facts to consider in your election of Directors or any other matters being voted upon at that time.
Nano Dimension is a recognized world leader in the field of innovative technology of 3D printing and Digital-Cloud-Manufacturing systems. Under the guidance of our highly qualified Board of Directors and management team, Nano Dimension remains focused on its primary mission: to accelerate the growth of its business, leverage its unique market position and seize organic and inorganic opportunities for meaningful shareholder value creation.
The current strategy has driven results, including the 1,000% growth in annual revenues, from $4 million to $43.6 million, within a two-year period, while preserving over $1 billion in cash on the balance sheet to continue this trajectory and fund future growth. The Company remains focused on maximizing shareholder value, including the recently announced $100 million share repurchase program, as we execute our strategy to create the clear Additive Manufacturing (AM) market leader and transform AM, Additively Manufactured Electronics and adjacent industrial non-digitized sectors.
We look forward to providing you with more information regarding Nano Dimension’s long-term value creation strategy. In the meantime, the Nano Dimension Board of Directors and management team remain committed to acting in the best interest of all shareholders, and in accordance with the applicable laws and regulations, as well as with the Company’s articles of association.
If you have any questions, please call our proxy solicitor, Innisfree M&A Incorporated, toll-free at (888) 750-9498.
WEST CHICAGO, IL – PCB fabricator American Standard Circuits has recently purchased and installed the CIMS Galaxy 30µ automated optical inspection machine as part of their ongoing facility update.
The CIMS Galaxy VIA series represents the family of models designed to support inspection of through laser via in high volume manufacturing of advanced HDI or IC Substrates with the Galaxy VIA 30µ being capable for inspection of via holes down to 30 µm in diameter.
“With our need for speed and accuracy, especially as our boards get denser, we decide that this was the very best test equipment for us at this time,” commented president and CEO Anaya Vardya. “The increased throughput capacity was one of the deciding factors when making our decision.”
The system’s illumination is powered by unique ViaLight™ technology providing a transmissive light source built within the scanning table. The optional Microlight™ illumination provides simultaneous light coverage from the top ensuring the most accurate and complete acquisition of external and internal shape of a through via hole.
The systems within Galaxy VIA series can inspect through laser via drills as small as 20 microns in diameter, detect undersize and oversize defects, contamination, and debris inside, plugged or missing holes as well as drill shifts beyond allowable tolerance.
Powerful statistical packages further extend capabilities of Galaxy VIA series providing real time process control used for laser drill tool calibration.
LISLE, IL – Molex, a global electronics leader and connectivity innovator, has released a new report on miniaturization in product design that highlights the cross-disciplinary engineering design and manufacturing expertise required to integrate an onslaught of increasingly sophisticated features and functionality into constantly shrinking device footprints. The report, "Mastering Miniaturization, Expert Perspectives," offers insights on how to navigate top trade-offs when meeting the cost and space requirements of densely packaged electronics amid the increasing demand for lighter, smaller products.
"Design engineers must 'think big to go small,' especially when applying high-speed connectors onto printed circuit boards (PCBs) reliably," said Brian Hauge, SVP and president, Consumer & Commercial Solutions, Molex. "Cross-functional expertise in electrical, mechanical and manufacturing process engineering is needed to deliver microelectronic interconnects that operate at higher speeds without sacrificing long-term reliability, while still remaining commercially viable Molex's industry-leading miniaturization capabilities are backed by a legacy of delivering the smallest, densest and most advanced connectivity solutions available today."
As miniaturization continues to permeate every industry and application category, product desigers must balance competing factors, including:
Power and thermal management
Signal integrity and integration
Component and system integration
Mechanical stress and manufacturability
Precision, volume manufacturing and costs
The report addresses miniaturization trends in consumer devices and medical wearables, as well as demand for smaller, lighter electronics and connectors in automotive, data center and industrial applications. Observations from experts across different sectors also shed light on how miniaturization is impacting factories, data centers, automobiles, medical wearables, smartphones, the evolution of 5G, and more.
Miniaturization Redefines Innovation
Examples of new and game-changing Molex solutions help underscore the various ways that miniaturization is redefining innovation by reducing size, weight and placement of components and connectors, including:
Quad-Row Board-to-Board Connectors. The world's smallest board-to-board connectors have staggered-circuit layout for 30% space savings to support smartphones, smartwatches, wearables, game consoles and Augmented Reality/Virtual Reality (AR/VR) devices.
Next-Generation Vehicle Architectures. Molex is driving development of zonal architectures, which replace traditional wiring harnesses with zonal gateways that group vehicle functions by location using fewer, smaller, more powerful and ruggedized connectors.
Flex-to-Board RF mmWave 5G25 Connectors. Micro-connectors combine compact size and superior signal integrity to deliver step-changes in performance to meet demanding 5G mmWave applications up to 25 GHz.
NearStack On-the-Substrate (OTS). Direct-to-chip solution places NearStack connectors directly on the chip substrate package, enabling high-density interconnects supporting 112 Gbps transmission over longer distances.
Molex Market Insights
Kyle Glissman, global product manager, Molex Transportation Division: "The ability to move toward 0.5-millimeter terminals has a compounding effect as there's much better density to fit more content and capabilities in a smaller space."
Kenji Kijima, director of mobile solutions, Molex Consumer & Commercial Solutions: "With 5G, you need more antenna modules and RF functionality inside the phone, as well as bigger batteries for greater power, which creates pressure to shrink other components."
Brett Landrum, VP, Global Innovation & Design, Phillips-Medisize, a Molex company: "Miniaturization is driving usability while taking human-connected design to the next level."
Gus Panella, director of interconnect technology, Molex Data Specialty Solutions: "Applications are driving I/O density, which is stretching limits of the material physics for the PCB, which has led to moving connectors onto the silicon substrate."
