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, announced today that is has received approval from the Israeli court to continue with its previously announced share repurchase plan (the “Repurchase Plan”), which initially was approved by the Israeli court in August 2022, until October 12, 2023.
Yoav Stern, Chief Executive Officer of the Company, commented: “We continue to fulfill our previous promise to investors, which was temporarily held back due to the time expiration of the Israeli court approval. We thank the court again for its flexibility in extending the Repurchase Plan period. We are happy to act in a way that both improves the Company’s balance sheet and benefits its shareholders.”
The Repurchase Plan authorizes the Company’s management to repurchase American Depository Shares (“ADSs”), from time to time, in open market transactions, and/or in privately negotiated transactions or in any other legally permissible ways, depending on market conditions, share price, trading volume and other factors. Such repurchases will be made in accordance with applicable U.S. securities laws and regulations, under the U.S. Securities Exchange Act of 1934, as amended, and applicable Israeli law.
The Company may repurchase all or a portion of the authorized repurchase amount. The Repurchase Plan does not obligate the Company to repurchase any specific number of the ADSs and may be suspended or terminated at any time at the Company’s sole discretion.
WALTHAM, MA – Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, today announced that its Board of Directors (“the Board”) has appointed Dr. Yoav Nissan-Cohen as Chairman of the Board, effective immediately. Yoav Stern will continue as the Company’s Chief Executive Officer and Director. In addition, Col. (Ret.) Channa Caspi announced that she will be stepping down from the Board due to personal medical circumstances, effective immediately. Following the departure of Col. (Ret.) Caspi, the Board will be reduced from nine to eight directors.
Dr. Nissan-Cohen joined Nano’s Board of Directors in December 2022. His career covers almost 40 years of scientific research, technology development, and executive management in the high-tech industry. He started his career as a research scientist in General Electric R&D Center in New York.
In 1988 Dr. Nissan-Cohen joined National Semiconductor as a technology development manager, and in 1993 he was one of the founders of Tower Semiconductor (Nasdaq:TSEM), where he served as a CEO, took the company public in NASDAQ and built a $1.5B advanced semiconductor facility.
Dr. Nissan-Cohen is the Chairman of TeraCyte, a biotechnology company which developed a platform for high throughput temporal analysis of live single-cells, with breakthrough applications for research, discovery, and development of new drugs and therapies.
In 2002 he joined Pitango as a venture partner, and in 2004 he came back to his entrepreneurial origin and took the Chairman and CEO position in Amimon, a semiconductor company which until today provides the only solution for zero-latency wireless camera link for various applications such as operating rooms in hospitals and TV and film productions.
Dr. Nissan-Cohen is also the Chairman of Visionlab, a company specializing in advanced vision-based solutions for industrial and military applications. He founded and managed several other companies, including a joint venture with Emmy Award winning directors to bring game changing solutions to the film and TV productions. Currently, Dr. Nissan-Cohen serves also as an executive board member in Weebit, a semiconductor company developing a new class of semiconductor memories.
Dr. Nissan-Cohen holds a Ph.D degree in Physics from the Hebrew University of Jerusalem.
Yoav Stern, CEO of Nano Dimension, commented, “We’ve considered feedback from our shareholders, as well as the recommendations of governance experts, ISS and Glass Lewis, and have decided to make changes to our Board that we believe will evolve and enhance our corporate governance. As we move into the next phase of executing our strategic plan, separating the Chairman and CEO roles is an important step in strengthening Nano’s governance practices and increasing independent oversight by the Board. We remain committed to maintaining the right balance of strong and consistent leadership to guide Nano in the years ahead, while delivering value for our shareholders.
“On a personal level”, add Mr. Stern, “it is a unique opportunity for me to be able to work closely with Dr. Nissan-Cohen, gaining from his vast experience and unique business and leadership vision. I look forward to learning from him and to excel together with him for the betterment of Nano Dimension, its shareholders and all other relevant constituencies”
Dr. Nissan-Cohen responded, “I am confident in Nano, and I look forward to working with Yoav, my fellow Board members and the management team as we continue to execute Nano’s strategy and drive value for shareholders.”
Mr. Stern added, “Nano, and me personally, are sad to part ways with Channy. She has consistently made impactful contributions to Nano and provided expert guidance to our teams with her personal and professional insightful input. On behalf of the entire Board and management team, I would like to wish Channy a speedy recovery and return back to full healthy functionality, and we are all highly thankful for her valuable wisdom and dedicated service. We and me individually were very fortunate to have her as a unique and integral part of us”
TAOYUAN, TAIWAN – On Thursday, 14 September 2023, the Thailand Trade and Economic Office (TTEO), together with the Taiwan Printed Circuit Association (TPCA), organized the “Thai Student PCB Job Fair” at the TPCA Building in Taoyuan County. In light of the geopolitical considerations impacting the PCB industry supply chain, several companies have planned to invest in new facilities in Thailand this year. To assist the industry in addressing the pressing need for Thai talent in these new facilities, this job fair serves as a bridge between the employment needs of Taiwanese companies and the Thai students studying in Taiwan. It aims to help Thai students gain a deeper understanding of the significance of the PCB industry and facilitate bilateral exchanges between Taiwan and Thailand.
Mr. Twekiat Janprajak, Executive Director of Thailand Trade and Economic Office, presides over the event by emphasizing the importance of people-to-people connection, which is one of the crucial factors in attracting foreign investment. Working experience with Taiwanese companies will also offer Thai students world-class training and technology transfer. As a result, Thailand and Taiwan will be able to work closely towards producing a resilient and sustainable supply chain, which will benefit the whole region.
Ms. Michelle Hung, Executive Deputy Secretary General of the Taiwan Printed Circuit Association (TPCA), emphasized that since the easing of the pandemic situation, the Taiwanese PCB supply chain has been responding to customer demands for risk diversification by planning to establish new facilities in various Southeast Asian countries. As companies continue to announce their investment plans, Thailand is poised to become the third industrial cluster for Taiwanese PCB manufacturers. It is estimated that this wave of investment in Thailand will amount to approximately 43 billion Thai Baht, creating over 15,000 job opportunities and making a substantial contribution to both the Thai and Taiwanese economies.
The event gathered the attention of a broad range of Thai students studying in Taipei and the surrounding areas. There were approximately 100 students who attended from several educational backgrounds, be they liberal arts, engineering, business or language studies. The Taiwanese businesses participating in the event consisted of more than twelve leading PCB companies, including Zhen Ding Technology, COMPEQ, Unimicron, WUS Group, Gold Circuit Electronics, Unitech PCB, Wah Lee Industrial Corp, YANKEY Engineer, Shinbu Corporation, Topoint Technology, READY WELL, TALIANG Technology, and DAIDALOS Enterprise. This event has provided a great platform for Thai students in Taiwan to gain a deeper understanding of the PCB industry and to get acquainted with Taiwanese companies. It opens up possibilities for them to potentially join the Taiwanese PCB industry in the future and contribute their expertise to Taiwanese enterprises. TPCA will continue to focus on the talent supply and demand issues between Taiwan and Thailand, actively promoting collaborations between academia and industry in Thailand and offering professional training programs. This commitment aims to strengthen the resilience of the Taiwanese PCB industry within the global supply chain.
SHANGHAI – Vayo Technology, a global provider of industrial software solutions for interconnected electronic systems from design to manufacturing, is pleased to announce plans to exhibit at PCB West 2023. The event is scheduled to take place Wednesday, Sept. 20, 2023 at the Santa Clara Convention Center in California. Vayo Technology will discuss DFX know-how digitalization and how to build your own digital know-how library in Booth #510.
With its robust DFX Design Execution System Software, Vayo Technology is at the forefront of providing intelligent system platform solutions for enterprise electronic design and process departments. The system offers a transformative approach to automating the review, analysis, and digital management of PCB/PCBA design data.
PCB West 2023 provides a unique platform for industry professionals and enthusiasts to gather and explore the latest advancements in the field of printed circuit boards. Vayo Technology is excited to contribute its insights into DFX know-how digitalization and showcase how its solutions empower enterprises to optimize their design and manufacturing processes.
Visitors to Booth #510 can engage with the Vayo Technology team to gain insights into the benefits of DFX know-how digitalization. By streamlining and automating design data review and analysis, Vayo's solution enables businesses to enhance their overall productivity, reduce errors, and optimize collaboration between design and manufacturing teams.
Vayo Technology invites attendees to discover the potential of DFX know-how digitalization and explore the possibilities of building their own digital know-how library. The company's expertise in intelligent manufacturing solutions positions them as a valuable resource for professionals seeking to stay at the forefront of industry trends and advancements.
SINGAPORE – The Asia Responsible Enterprise Awards (AREA) 2023 is pleased to honor 30 outstanding business leaders and enterprises for championing sustainable and responsible business practices. Presented by leading regional NGO Enterprise Asia, the AREA is the most reputable award recognition program recognizing organizational efforts in creating a culture of compassion, integrity, and in being socially responsible corporate citizens. The AREA serves as a badge of excellence to spur further innovation and best-practice sharing for organizations and the world at large. The awards event is also preceded by the International CSR & Sustainability (ICS) Summit 2023 which was themed "Sustainability as the Great Equalizer".
Apex Circuit (Thailand) Co., Ltd. (Apex), the subsidiary of Apex International Co., Ltd (TWSE:4927) was among the recipients who were conferred with the Social Empowerment Award. As a professional manufacturer of printed circuit boards (PCB). Apex has been focused on single-to-12-layer rigid production since the year 2001. The company is ranked as a major high-revenue rigid PCB manufacturer in Thailand, and its products are being sold internationally to Japanese, Korean, European, and USA customers.
Apex chose to carry out public welfare construction in the village of Uttaradit in northern Thailand, assisting the local village to install solar panels and improve the water supply system. This project brings the concepts of clean energy and sustainability to rural areas and takes root in local communities to establish a win-win relationship with society.
Apex has worked on many initiatives including cooperating with the local government to disseminate the policy of reducing straw burning and also introducing the solar-powered system to vocational school students.
The company executed this initiative under the concept of "Young Generation Returns Home" by using the domiciles of successful and long-term Apex employees to develop the project. 90% of these employees have their domiciles in upcountry provinces.
For this project, the Apex team developed a complete plan to supply power for the pumping equipment. The company built a 5kW solar-powered module to supply a portion of electricity for the water supply system. Besides that, the water cistern was expanded, the pipeline was renewed, and the filter was cleaned out. These improvements extended the lifespan of the original water supply system and saved on electricity expenses for the residents.
After the system was launched, the survey metrics showed that the solar-powered system reduced about 30% of the consumption of non-renewable energy every month, as the plan had proposed.
The project's influence led to a total of 121 households signing a memorandum that they would use renewable energy and promise to avoid straw and agricultural waste burning to reduce CO2 emissions, the impacted area is estimated to be around 1,880,000 square meters. The local government also provides straw balers to assist residents in dealing with the straw to reduce the harmful impact on the environment.
Thanks to Apex's efforts, the use of sustainable energy has entered the lives of residents, and a green mindset has been implanted in the hearts of many students. Adding to this is the government's endorsement of improving waste disposal methods and promoting the concept of sustainable development of the environment in more regions.
Apex also intends to assist in the implementation of sustainability catered to local conditions, so that environmental friendship is not just a concept but also enters becomes a way of life.
LYON, FRANCE – The processor market had a remarkable year in 2021, achieving a historic high of US$155.5 billion with a robust growth rate of 22.3%. However, the following year, it experienced a slight downturn, with revenue settling at US$154 billion. The primary factor contributing to this decline was the CPU segment, which was mainly impacted by reduced shipments in the PC category and increased competition from non-x86 APUs.
Conversely, the APU market saw significant growth in 2022, and the data center sector exhibited substantial expansion, leading to a shift in revenue distribution. While the total revenue for processors is expected to reach US$242 billion by 2028, CPUs are expected to maintain their dominant position, GPUs are projected to experience significant growth, and data center is poised to emerge as the fastest-growing market.
In this context, Yole Intelligence releases its Status of the Processor Industry 2023 report. In this report, the company, part of Yole Group, gives a broad overview of the semiconductor processor industry, as well as an in-depth understanding of the market trends, ecosystem, and players and offers critical technical insights and analyses into future technology trends and challenges.
More advanced iterations of processors demand increased integration of circuitry, particularly larger blocks of logic and SRAM. In the past, progress toward denser logic was as straightforward as the next lithography shrink. However, as transistors continue to shrink in size, they have become more intricate and expensive to manufacture. In 2022, the industry is approaching the end of the finFET era, with gate-all-around architectures at 3nm and 2nm on the horizon.
This evolution is led by major players like Intel, TSMC, AMD, NVIDIA, and Samsung. High-performance packaging platforms like Si interposers and hybrid bonding are becoming increasingly pivotal across various applications, reveals Yole Intelligence in this new report.
The processor market is largely dominated by a few key players: Intel, AMD, Nvidia, and Qualcomm, with these giants holding 54% of the total market share.
Competition is growing, with new entrants and tech giants like Amazon and Alibaba entering the CPU arena. Qualcomm, MediaTek, and Apple lead in APUs, with 32% of the market. The SoC FPGA and AI ASIC segments are led by AMD, Intel, and tech giants like Google and Amazon.
The processor startup landscape is dynamic, raising substantial funds, especially in AI-focused endeavors, with China leading the pack. The semiconductor industry in China is evolving, driven by investments and a growing ecosystem. In 2022, notable M&A activities included AMD’s acquisition of Xilinx and Pensando, Intel’s failed attempt to acquire Tower Semiconductor, and Nvidia’s abandoned bid for Arm.
