OTTAWA, Canada and HSINCHU, Taiwan, R.O.C., Feb 23, 2022 - (ACN Newswire) - GaN Systems, the global leader in GaN power semiconductors, announced today it has expanded its Asia presence with a 3X increase in its operation in Taiwan. With a 3X growth in revenue from the many consumer electronics, electric vehicles, and data centers & industrial power supply producers embracing GaN Systems power transistors, more people and space were necessary.

GaN Systems' new office campus is in the Hsinchu Science Park, Taiwan, recognized as the center of semiconductor innovation and home to many of the world's leaders in advanced technology. It is also headquarters to GaN Systems' foundry partner, Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest dedicated independent (pure-play) semiconductor foundry.

The new office center in Taiwan, GaN System's Asia-based headquarters, which opened with a few employees in 2015, has grown by more than 10X and will exceed 100 employees in the coming year. The space features a state-of-the-art research and design center with dedicated subject matter experts in the design and system validation of solutions for customers in several markets, including mobile phones, laptop P.C.s, data center power supplies, and automotive E.V. powertrain electronics. The enlarged R&D team will expand GaN Systems' industry-leading lineup of high-performance transistors and high-power modules and build upon its extensive range of reference designs for 65W, 100W, and 250W phone and computer chargers P.F.C., DCDC, and inverter designs for higher power markets.

"We're excited to expand our Asian footprint in Taiwan to accommodate GaN Systems' rapid growth," said Stephen Coates, Vice President, Global Operations and General Manager, Asia. "GaN Systems has grown tremendously, driven by the rapid adoption of GaN in consumer, industrial and automotive electronics. Our campus in Taiwan scales up our manufacturing, product and module design, and innovation footprint and expands support for our global customers and business partners. This 3X expansion demonstrates our commitment to Asia and to supporting the continued growth of Taiwan's semiconductor ecosystem."

Acceleration of the growth in Asia continues with the addition of Andy Chuang, GaN Systems' Vice President of Business Development. Mr. Chuang, based in the new Taiwan office, brings decades of wideband gap experience to the GaN Systems' team. Incremental to the expansion in Taiwan, GaN Systems' presence in Asia is also growing with success in India in e-mobility with applications in the two, three, and four-wheeler E.V. segments.

GaN Systems' imposing growth in the Asia region and internationally are proof of its recently announced USD $150 million growth capital funding round to accelerate innovation and adoption of GaN technology across its automotive, consumer, industrial, and enterprise markets. Global companies, including industry leaders like Dell, HARMAN, Siemens, Signify, and Philips, rely on GaN Systems' transistors to create reliable, best-in-class power transistors.

About GaN Systems

GaN Systems is the global leader in GaN power semiconductors with the most extensive transistors portfolio that uniquely addresses the needs of today's most demanding industries, including consumer electronics, data center servers, power supplies, renewable energy systems, industrial motors, and automotive electronics. As an industry-leading innovator, GaN Systems makes it possible to design smaller, lower cost, more efficient power systems. The company's award-winning products provide system design opportunities free from the limitations of yesterday's silicon. By changing the transistor performance rules, GaN Systems enables power conversion companies to revolutionize their industries and transform the world.

For more information, please visit: www.gansystems.com or on Facebook, Twitter and LinkedIn and scan this Q.R. code for our WeChat.

Media Inquiries:
Mary Placido
Trier and Company for GaN Systems
[email protected]
+1 (415) 218-3627

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comGaN Systems, the global leader in GaN power semiconductors, announced today it has expanded its Asia presence with a 3X increase in its operation in Taiwan. With a 3X growth in revenue from the many consumer electronics, electric vehicles, and data centers & industrial power supply producers embracing GaN Systems power transistors, more people and space were necessary.

KARIYA, JAPAN, Feb 2, 2022 - (JCN Newswire) - DENSO, a leading mobility supplier, today announced its global financial results for its third quarter, ending December 31, 2021, for its 2022 fiscal year, ending March 31, 2022:

- Consolidated revenue totaled 4,009.0 billion yen (USD34.9 billion), a 14.3 percent increase from the previous year.
- Consolidated operating profit totaled 256.3 billion yen (USD2,229.4 million), a 284.6 percent increase from the previous year.
- Consolidated profit attributable to owners of the parent company totaled 193.4 billion yen (USD1,682.2 million), a 348.9 percent increase from the previous year.

"Both revenue and operating profit in the third quarter decreased from the same period last year due to semiconductor shortages and other business conditions, although DENSO made profit improvements. However, revenue and operating profit through three quarters of this fiscal year increased compared to the previous year due to recovery of vehicle sales from COVID-19 and profit improvements," said Yasushi Matsui, senior executive officer and member of the Board of Directors of DENSO Corporation. "We have revised our full-year forecast based on third quarter results, adjusting our revenue projection to 5,480.0 billion yen (USD47.7 billion) and operating profit projection to 400.0 billion yen (USD3,479.8 million)," said Matsui. "While it is difficult to project how the business environment might change due to factors like semiconductor shortages, we keep our fourth quarter forecast unchanged and aim to achieve these projections with strong fourth quarter performance."

In Japan, revenue increased to 2,590.1 billion yen (USD22.5 billion), up 15.1% from the previous year, and operating profit was 144.1 billion yen (USD1,253.8 million), with an operating loss of 12.0 billion yen in the previous year.

In North America, revenue increased to 842.6 billion yen (USD7.3 billion), up 15.4% from the previous year, and operating loss was 1.9 billion yen (USD16.6 million).

In Europe, revenue increased to 407.4 billion yen (USD3.5 billion), up 13.3% from the previous year, and operating profit was 3.3 billion yen (USD29.1 million), up 22.7% from the previous year.

In Asia, revenue increased to 1,180.6 billion yen (USD10.3 billion), up 26.6% from the previous year, and operating profit increased to 105.0 billion yen (USD913.6 million), up 46.3% from the previous year.

In other areas, revenue increased to 53.8 billion yen (USD468.4 million), up 101.9% from the previous year, and operating profit increased to 11.7 billion yen (USD101.4 million), up 145.2% from the previous year.

About DENSO Corporation

DENSO is a $44.6 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 200 facilities to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 168,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 10.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2021. For more information about global DENSO, visit https://www.denso.com/global.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comDENSO, a leading mobility supplier, today announced its global financial results for its third quarter, ending December 31, 2021, for its 2022 fiscal year, ending March 31, 2022.

PARIS & TOKYO, Jan 28, 2022 - (JCN Newswire) - Renault Group, Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, the members of one of the world's leading automotive alliances, today announced common projects and actions to accelerate and to shape their shared future towards 2030, focusing on the mobility value chain.

Highlights:
- The 2030 roadmap focuses on pure electric vehicles and connected mobility.
- Aims to enhance usage of common platforms to reach 80% in 2026.
- Mitsubishi Motors to reinforce presence in Europe with two new models based on Renault best-sellers.
- To invest EUR 23B in the next five years to support its offensive strategy in electrification.
- With 35 new EV cars in 2030, proposes the largest global EV offer, based on the five common EV platforms.
- Nissan unveils an all-new EV based on the CMF-BEV Alliance platform to replace the Micra in Europe; vehicle planned to be manufactured at Renault ElectriCity, the electric industrial center in Northern France.
- Reinforces common battery strategy aiming to secure a global 220 GWh production capacity by 2030.
- Nissan to lead development of breakthrough all-solid-state battery technology to benefit all members.
- Renault to lead development on common centralized electrical and electronic architecture and will launch the first full software defined vehicle by 2025.

A year and a half after announcing its new cooperation business model to support member-company competitiveness and profitability, the Alliance is now based on solid foundations, benefits from an efficient operational governance organization and from intensified as well as flexible cooperation.

Continuing the Leader-Follower scheme defined in May 2020, select technology is developed by one leading team with the support of the followers, thereby allowing each member of the Alliance to access all the key technologies.

The Alliance has defined a common 2030 roadmap on pure-EV and Intelligent & Connected mobility, sharing investments for the benefits of its three-member companies and their customers.

"Among the world's automotive leaders, the Renault-Nissan-Mitsubishi Alliance is a proven, unique model. For 22 years, we have been building on our respective cultures and strengths for our common benefit," said Jean-Dominique Senard, Chairman of the Alliance. "Today the Alliance is accelerating to lead the mobility revolution and deliver more value to customers, our people, our shareholders and all our stakeholders. The three member-companies have defined a common roadmap towards 2030, sharing investments in future electrification and connectivity projects. These are massive investments that none of the three companies could make alone. Together, we are making the difference for a new and global sustainable future; the Alliance becoming carbon neutral by 2050."

Moving together for the benefit of each - Leader-Follower scheme

The Alliance members have developed a "smart differentiation" methodology that defines the desired level of commonality for each vehicle, integrating several parameters of possible pooling, such as platforms, production plants, powertrains or vehicle segment. This is supplemented and enhanced by a stricter approach to design and upper-body differentiation. For example, the common platform for the C and D segment will carry five models from three brands of the Alliance (Nissan Qashqai and X-Trail, Mitsubishi Outlander, Renault Austral and an upcoming seven-seater SUV).

Strengthening this process, the Alliance members will enhance usage of common platforms in the coming years from 60% today to more than 80% of its combined 90 models in 2026. This will allow each company to deepen their focus on their customers' needs, their best models and core markets, while also extending innovations across the Alliance, at a lower cost.

As part of this, Mitsubishi Motors will reinforce its presence in Europe with two new models, among them the New ASX based on Renault best-sellers.

Five common EV platforms: the largest global offer of the industry

Renault, Nissan and Mitsubishi have pioneered the EV market, with more than EUR10 B already invested in the field of electrification. In the main markets (Europe, Japan, the US, China) 15 Alliance plants already produce parts, motors, batteries for 10 EV models on the streets, with more than 1 million EV cars sold so far and 30 billion e-kilometers driven.

Building on this unique expertise, the Alliance is accelerating with a total EUR 23B more investment in the next five years on electrification, leading to 35 new EV models by 2030.

90% of these models will be based on five common EV platforms, covering most markets, in all major regions:
- CMF-AEV, the most affordable platform in the world, is the base for the new Dacia Spring.
- KEI-EV (mini vehicle) platform family for ultra-compact EVs.
- LCV-EV Family platform family for professional customers, as the base for the Renault Kangoo and Nissan Town Star.
- CMF-EV, the global, flexible, EV platform. It will be on the roads in a few weeks as the base for the Nissan Ariya EV crossover and Renault Megane E-Tech Electric. The CMF-EV platform, with its technological innovations and the potential offered by its modularity, is a benchmark platform for a new generation of electric vehicles for the Alliance partners. The platform has been created to integrate and optimize all the elements specific to a 100% electric powertrain, hosting a new, high-performance motor and an ultra-thin battery. By 2030, more than 15 models will be based on the CMF-EV platform, with up to 1.5 million cars produced on this platform per year.
- CMF-BEV, the most competitive compact electric platform in the world, to be launched in 2024. It provides up to 400 km range; its aerodynamics performances are outstanding, helping reduce cost by 33% and power consumption by more than 10% compared to the current Renault ZOE. It will be the base for 250,000 vehicles a year under the Renault, Alpine and Nissan brands.

Among the vehicles are the Renault R5 and the new compact EV that will replace the Nissan Micra. Designed by Nissan and engineered by Renault, the new model is planned to be manufactured at Renault ElectriCity: the electric industrial center in Northern France.

Common battery strategy, breakthrough battery innovations and a planned 220 GWh production capacity to bring a highly competitive and attractive offer to all customers

Competitiveness is key, and that has led member companies to a common Alliance battery strategy, leading, among others, to the selection of a common battery supplier for Renault and Nissan in core markets.

The Alliance is working with common partners to achieve real scale and affordability, enabling to reduce battery costs by 50% in 2026 and 65% by 2028.

With this approach, by 2030, the Alliance will have a total of 220 GWh battery production capacity for EVs across key production sites in the world.

Beyond that, the Alliance shares a common vision for all-solid-state battery technology (ASSB). Based on its deep expertise and unique experience as a pioneer in battery technology, Nissan will lead innovations in this area that will benefit all Alliance members.

ASSB will have double the energy density versus current liquid lithium-ion batteries. Charging time will also be greatly reduced to one-third, enabling customers to make longer trips with increased, convenience, confidence and enjoyment.

The aim is to mass produce ASSB by mid-2028, and in the future beyond that to realize cost parity with ICE vehicles by bringing costs down further to 65$ per kWh, accelerating the global shift to EVs.

The Alliance battery management system is also at state-of-the art. Unlike others in the industry, the Alliance has chosen to control 100% of its hardware and software, benefiting from very valuable predictive data, allowing for monitoring the state of health of the battery and improving technology.

The Alliance is working with strategic partners to offer the best proposal to customers for public charging on the road. Mobilize Power Solutions provides to B2B customers a complete end-to-end service including project design, installation, maintenance and management of optimized recharging infrastructure and all related services to meet their business needs.

A recent agreement is with Ionity via the Alliance Emobility Service Provider Plug Surfing, which will allow its customers to access at preferential pricing to the Ionity ultra-fast charging network in Europe.

With more than 10 years' experience in the EV business, Alliance members have deep knowledge that allows them to be ahead of the competition in optimizing battery reuse, notably with second life battery applications, recycling and achieving efficient and sustainable solutions over the full battery life cycle.

25 Million cars connected to the Alliance Cloud by 2026: The best-in-class digital experience for customers

Intelligent and connected mobility are critical areas for increased shared innovation across the Alliance.

With 20 years' experience in ADAS (advanced driver-assistance systems) and autonomous drive, the Alliance keeps improving real-world driving safety, convenience, and enjoyment by delivering innovations in intelligent vehicle and driver assistance technologies, with an example being Nissan's award-winning ProPILOT system.

With shared platforms and electronics, by 2026 Alliance members expect to have more than 10 million vehicles on the road across 45 Alliance models equipped with autonomous driving systems.

Today, 3 million vehicles are already connected to the Alliance Cloud with permanent data exchanges.

By 2026, more than 5 million Alliance cloud systems will be delivered per year, with 25 million total cars on the road. The Alliance will also be the first global, mass-market OEM to introduce the Google ecosystem in its cars.

Under Renault's leadership, the Alliance is developing a common centralized electrical and electronic architecture converging electronics hardware and software applications to offer maximum benefits and an optimal level of performance.

The Alliance will launch its first full software defined vehicle by 2025. With this vehicle, the Alliance will improve its cars Over The Air performance throughout their life cycle. This means value for customers with the integration of their car into their digital ecosystem to offering a personalized experience, new enhanced services, and reduced maintenance costs. This will also allow Alliance members to boost vehicle resale values. In addition, Software defined vehicles will be able to communicate with connected objects, users, and infrastructure, opening new fields of value for the Alliance companies.

Alliance best-in-class digital experience will be the gateway to an unprecedented amount of data, paving the way to the automotive industry's next frontier. with Renault Group, Nissan Motor Co., Ltd and Mitsubishi Motors positioned at the forefront of this revolution.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comRenault Group, Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, the members of one of the world's leading automotive alliances, today announced common projects and actions to accelerate and to shape their shared future towards 2030, focusing on the mobility value chain.

HIROSHIMA, Japan, Jan 27, 2022 - (JCN Newswire) - Mazda Motor Corporation began production of its brand-new Mazda CX-50 crossover SUV, targeted at the North American market, from January 18 at Mazda Toyota Manufacturing, U.S.A., Inc., a new plant jointly constructed with Toyota Motor Corporation in Huntsville, Alabama. The CX-50 is Mazda's first vehicle to be manufactured at the plant. Building on our sales network reforms and the provision of products satisfying the needs of local customers, as well as now beginning production for CX-50, we have renewed our determination to become a company that North American customers will keep choosing.
Since 2016, Mazda has been engaged in initiatives to strengthen its sales area in the U.S. -- Mazda's most important market -- based on our Medium-Term Management Plan that spans from fiscal year ending March 2020 through to fiscal year ending March 2026. The efforts include upgrading dealerships to the next-generation, introducing sales finance, and reforming sales operations. In addition, we plan to launch in spring this year, the Mazda CX-50, which meets the lifestyle and needs of North American customers through its design that respectfully interacts with the outdoors, its strong and highly efficient powertrain in combination with an AWD system fitted across the board, and its high running stability off-road. With production kicking off at a new plant equipped with the latest technology developed through the shared knowledge of Toyota and Mazda, we have put in place a production and supply system that enables timely delivery of high-quality products to our customers.

"The CX-50 is a model that serves as the driving force for Mazda's business growth in North America," said Takeshi Mukai, Senior Managing Executive Officer* at Mazda upon the start of production of CX-50. "We would like to see the plant taking root in the local community by offering employment opportunities and creating a supply chain in the region. And as a good U.S. corporate citizen, we are committed to nurture it into a production plant that shares a close connection with the local community."

Mazda aims to become a brand that creates strong bonds with customers by focusing on the pure essence of cars -- the joy of driving -- and committing ourselves to preserve our beautiful earth, enrich people's lives and make a bountiful society that lifts everybody's spirits.

For more information, visit https://newsroom.mazda.com/en/publicity/release/2022/202201/220127a.html.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMazda Motor Corporation began production of its brand-new Mazda CX-50 crossover SUV, targeted at the North American market, from January 18 at Mazda Toyota Manufacturing, U.S.A., Inc., a new plant jointly constructed with Toyota Motor Corporation in Huntsville, Alabama. The CX-50 is Mazda's first vehicle to be manufactured at the plant.

KARIYA, JAPAN, Jan 17, 2022 - (JCN Newswire) - Leading mobility supplier DENSO, and powertrain supplier Aisan today announced their respective Board of Directors have agreed upon and signed an agreement to transfer DENSO's fuel pump module* business to Aisan. In addition, the Board agreed to allow Aisan to acquire DENSO's equity stake in KYOSAN DENSO MANUFACTURING KENTUCKY, LLC (KDMK), located in Mt. Sterling, KY. The transfer is estimated to be on August 1, 2022.

The two companies previously announced that they reached a basic agreement on May 20, 2019, to begin studying the possibility of strengthening their competitiveness in powertrain and future growth areas. As a result of the study, the companies agreed that DENSO will transfer its entire business of developing, producing, and selling fuel pump modules to Aisan, and Aisan will acquire DENSO's equity stake in KDMK. Additionally, the companies determined that DENSO will not increase its ownership stake in Aisan.

Mutually Beneficial Agreement:

The mutually beneficial agreement will allow DENSO to focus on its Two Great Causes: Green and Peace of Mind, under which it will work to achieve carbon neutrality, zero traffic accidents and safe and seamless society. While, Aisan will work to improve its product capabilities by combining both Aisan and DENSO's technology and knowhow, as well as maximizing resources to improve production efficiency and achieve low-cost manufacturing.

The two companies will continue to collaborate and utilize each other's strengths and contribute to the realization of a sustainable mobility society.

This business transfer is subject to approval from the antitrust authorities in the relevant countries and regions.

* Fuel pump module
An assembly that delivers fuel from the fuel tank to the engine

Overview of business transfer:
Business to be transferred - Fuel pump module
Agreement date - January 17, 2022
Date of the transfer - August 1, 2022 (planned)

About DENSO

DENSO is a $44.6 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 200 facilities to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 168,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 10.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2021. For more information about global DENSO, visit https://www.denso.com/global.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comLeading mobility supplier DENSO, and powertrain supplier Aisan today announced their respective Board of Directors have agreed upon and signed an agreement to transfer DENSO's fuel pump module business to Aisan.

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