Globe Newswire – The Tech Outlook https://www.thetechoutlook.com Daily Tech News, Interviews, Reviews and Updates Wed, 04 Oct 2023 08:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.2 https://www.thetechoutlook.com/wp-content/uploads/2019/09/cropped-favicon-1-150x150.png Globe Newswire – The Tech Outlook https://www.thetechoutlook.com 32 32 Nokia Board of Directors resolved on issuing shares to the company and on a subsequent directed issuance under Nokia Equity Programs https://www.thetechoutlook.com/press-release/nokia-board-of-directors-resolved-on-issuing-shares-to-the-company-and-on-a-subsequent-directed-issuance-under-nokia-equity-programs/ Wed, 04 Oct 2023 08:00:00 +0000 https://www.thetechoutlook.com/nokia-board-of-directors-resolved-on-issuing-shares-to-the-company-and-on-a-subsequent-directed-issuance-under-nokia-equity-programs Nokia CorporationStock Exchange Release4 October 2023 at 11:00 EEST Nokia Board of Directors resolved on issuing shares to the company and on a subsequent directed issuance under Nokia Equity Programs Espoo, Finland – Nokia’s Board of Directors has resolved to issue 59 500 000 new shares in a directed share issuance without consideration to Nokia […]

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Nokia Corporation
Stock Exchange Release
4 October 2023 at 11:00 EEST

Nokia Board of Directors resolved on issuing shares to the company and on a subsequent directed issuance under Nokia Equity Programs

Espoo, Finland – Nokia’s Board of Directors has resolved to issue 59 500 000 new shares in a directed share issuance without consideration to Nokia Corporation to be later used to fulfil the company’s obligations under its equity plans that vest in 2023 and in 2024.

Nokia expects that the shares are registered with the Finnish Trade Register on or about 5 October 2023 and entered in the book-entry system maintained by Euroclear Finland Ltd on or about 5 October 2023. The total number of Nokia shares following the registration will equal 5 691 797 576. The new shares are expected to commence trading on Nasdaq Helsinki as of 6 October 2023, and on Euronext Paris as of 9 October 2023, together with other Nokia shares (NOKIA). Euronext Paris will publish a separate notice announcing the admission of the new shares to trading on Euronext Paris.

Additionally, the Board of Directors has resolved on a directed issuance of a maximum number of 59 500 000 Nokia shares (NOKIA) held by Nokia Corporation, as a result of the above-mentioned issuance to itself, to settle its commitments under the 2020 Restricted Share plan, the 2020 Performance Share plan, Restricted and Performance Share awards granted under the Nokia Long-Term Incentive Plan 2021–2023 and the 2023 Employee Share Purchase Plan, in respect of shares to be delivered to plan participants during the years 2023 and 2024. The shares are issued without consideration. Each share delivery shall be published separately by a stock exchange release.  

Both resolutions to issue shares are based on the authorization granted to the Board of Directors by the Annual General Meeting on 4 April 2023.

About Nokia
At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

Inquiries:

Nokia Communications
Phone: +358 10 448 4900
Email: [email protected]
Kaisa Antikainen, Communications Manager

Nokia
Investor Relations
Phone: +358 40 803 4080
Email: [email protected]

Forward-looking statements
Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics and the general or regional macroeconomic conditions on our businesses, our supply chain and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, the timing of receivables, operating expenses, provisions, impairments, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including “continue”, “believe”, “commit”, “estimate”, “expect”, “aim”, “influence”, “will” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties specified in our 2022 annual report on Form 20-F published on 2 March 2023 under Operating and financial review and prospects – Risk factors.

 

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Yves Bernaert is appointed Chief Executive Officer of Atos https://www.thetechoutlook.com/press-release/yves-bernaert-is-appointed-chief-executive-officer-of-atos/ Wed, 04 Oct 2023 06:30:00 +0000 https://www.thetechoutlook.com/yves-bernaert-is-appointed-chief-executive-officer-of-atos Paris, France – October 4, 2023 – Atos’s Board of Directors, at its meeting held on October 3rd, 2023, following the recommendations of the Nominations and Governance Committee, has appointed Yves Bernaert as Chief Executive Officer of the Atos Group. His appointment is effective as of today. His appointment as a Director of the Board […]

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Paris, France – October 4, 2023 – Atos’s Board of Directors, at its meeting held on October 3rd, 2023, following the recommendations of the Nominations and Governance Committee, has appointed Yves Bernaert as Chief Executive Officer of the Atos Group. His appointment is effective as of today. His appointment as a Director of the Board of Directors will be proposed to the Annual General Meeting.

With the completion in July 2023 of the internal operational separation of Atos into two separate entities, the Group is now well-positioned to complete its transformation plan.

In appointing Yves Bernaert as CEO of Atos, the Board of Directors has selected a leader with proven expertise in the technology and digital transformation industries. His first mission will be to successfully complete the next stages of the Group’s transformation plan and to accelerate the turnaround of its activities. If and when the finalization of the Group’s separation is decided by the Board, he would then be exclusively responsible for leading the development of the new Eviden group – the only French player positioned with a global reach, able to offer the full range of solutions for digital transformation, including digital, cloud, AI, cybersecurity and high-performance computing solutions.

In addition, he will handle alongside Paul Saleh, Group CFO, the ongoing exclusive negotiations with EPEI under the supervision of the Board of Directors with the view to submitting the proposed transaction and the contemplated capital increases to the Shareholders’ meeting.

Bertrand Meunier, Chairman of Atos’s Board of Directors, said: “On behalf of the entire Board, I am very pleased to welcome Yves Bernaert as Chief Executive Officer of Atos. His personal and professional strengths, ability to lead teams through major transformations, in-depth knowledge of our industry and belief in the critical role our sector plays in meeting the national and European digital sovereignty objectives, make him the ideal leader. The Board would like to thank Nourdine Bihmane, Philippe Oliva and Diane Galbe, who have to date, carried out the Group’s operational performance improvement plan and its strategic transformation project.”

Yves Bernaert, Chief Executive Officer of Atos, said: “I am delighted to be joining the Atos Group. After more than 30 years in the technology sector, I am well aware that Atos possesses strong assets, and I have great respect for the world-renowned skills of its teams. Atos has considerable technological capabilities and holds strong positions in many strategic areas. This is why, with the support of the Board of Directors and the ongoing dedication of the Group’s talented employees, I am confident that we can overcome the challenges that lie ahead and successfully deliver the ongoing transformation.”

Nourdine Bihmane is appointed “Directeur Général Adjoint” of Atos in charge of Tech Foundations. Philippe Oliva has decided to leave the Group at the end of a transition period. Diane Galbe has joined the Tech Foundations team.

Biography of Yves Bernaert

Yves Bernaert, 55, began his career as an auditor at PwC before joining in 1992 Accenture, a world leader in digital services. After several executive roles in France and abroad, he served as CEO Europe of Accenture Technology for the past nine years. Under his leadership and alongside his teams and partners, Accenture Technology Europe achieved double-digit growth by focusing on new digital technologies (Cloud, Data & AI and Security).

Yves Bernaert is also Chairman of the Board of Directors of 1001 Fontaines, a French NGO that provides sustainable access to drinking water for vulnerable populations and aims to roll out its model on a larger scale to double the number of beneficiaries to 2 million by 2025.

***

About Atos

Atos is a global leader in digital transformation with 107,000 employees and annual revenue of c. € 11 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea), and listed on Euronext Paris.

The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

Press contact

Martin Bovo – [email protected] – +33 6 14 46 79 94        

Attachment

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Adjustment in the composition of the Board of Directors https://www.thetechoutlook.com/press-release/adjustment-in-the-composition-of-the-board-of-directors/ Wed, 04 Oct 2023 05:30:00 +0000 https://www.thetechoutlook.com/adjustment-in-the-composition-of-the-board-of-directors Paris, France – October 4, 2023 – Caroline Ruellan has decided to resign from the Board of Directors. She was replaced as member of the Nomination and Governance Committee by Carlo d’Asaro Biondo. *** About Atos Atos is a global leader in digital transformation with 107,000 employees and annual revenue of c. € 11 billion. […]

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Paris, France – October 4, 2023 – Caroline Ruellan has decided to resign from the Board of Directors. She was replaced as member of the Nomination and Governance Committee by Carlo d’Asaro Biondo.

***

About Atos

Atos is a global leader in digital transformation with 107,000 employees and annual revenue of c. € 11 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea), and listed on Euronext Paris.

The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

Press contact

Martin Bovo – [email protected] – +33 6 14 46 79 94

Attachment

  • PR – Adjustment in the composition of the Board of Directors

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Coalesce Joins Snowflake for the 2023 Data Cloud World Tour https://www.thetechoutlook.com/press-release/coalesce-joins-snowflake-for-the-2023-data-cloud-world-tour/ Wed, 04 Oct 2023 00:00:00 +0000 https://www.thetechoutlook.com/coalesce-joins-snowflake-for-the-2023-data-cloud-world-tour Snowflake and Coalesce to showcase their latest innovations with transformative use cases, demonstrations, and customer presentations in 17 cities worldwide SAN FRANCISCO, Oct. 03, 2023 (GLOBE NEWSWIRE) — Coalesce.io, the data transformation company, is sponsoring and presenting at 17 cities during the 2023 Snowflake Data Cloud World Tour. The Coalesce team, along with several customers, […]

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Snowflake and Coalesce to showcase their latest innovations with transformative use cases, demonstrations, and customer presentations in 17 cities worldwide

SAN FRANCISCO, Oct. 03, 2023 (GLOBE NEWSWIRE) — Coalesce.io, the data transformation company, is sponsoring and presenting at 17 cities during the 2023 Snowflake Data Cloud World Tour. The Coalesce team, along with several customers, will join the global event series to demonstrate how its data transformation platform simplifies and scales data management on Snowflake’s Data Cloud.

The 2023 Snowflake Data Cloud World Tour is making 26 stops around the globe to share Snowflake’s latest innovations and most exciting customer use cases. The tour will share perspectives from fellow data, technology, and business leaders about how the Data Cloud breaks down silos, enables powerful and secure AI/ML, and delivers business value through data sharing and monetizing applications. Learn about the latest capabilities – including advancements with generative AI and LLMs, Apache Iceberg, and Snowpark – and discover the transformative use cases that will drive business forward.

Coalesce will participate in a majority of the tour stops including New York City, Dubai, Mexico City, Paris, London, Chicago, Stockholm, Berlin, Toronto, Amsterdam, Tel Aviv, Austin, Washington DC, and Santa Clara. On select stops, Coalesce is presenting with customers and strategic partners, including FCP Euro, Hakkoda, Paytronix, and TubeScience.

“We’re always thrilled to participate in Snowflake experiences and connect with the community,” said Armon Petrossian, CEO and co-founder of Coalesce. “We’ll be working with Snowflake customers to better understand their data transformation needs, and joining our customers on stage to share how they’re solving complex data challenges at scale with Coalesce and Snowflake.”

During the World Tour, Coalesce will showcase its latest product feature, Projects. Announced at Snowflake Summit 2023, Projects allows data experts to collaboratively develop and iterate on data pipelines with the context they need to better understand data lineage, develop transformations more quickly, and gain deeper observability across data initiatives.

“Using Snowflake and Coalesce together has not only transformed our data but also transformed our entire business,” said Jesse Marshall, Director of Data Science at Paytronix. “By making data transformation easy, Coalesce has helped us unlock cutting-edge technologies for our customers–like Generative AI–and take full advantage of Snowflake’s Snowpark to run more workloads on the Snowflake platform.”

The 2023 Snowflake Data Cloud World Tour provides attendees the opportunity to:

  • Learn from case studies and presentations by Snowflake team members, customers, and partners, including Coalesce, to uncover new opportunities to collaborate and drive more value from the Data Cloud.
  • Participate in hands-on labs and breakout sessions to learn about the latest capabilities and newest innovations to the Data Cloud, including how Snowflake is the platform for AI / ML, now and for the future.
  • Network with individuals and organizations that make up the Data Cloud. As part of the Snowflake ecosystem, Coalesce and customers will be on hand to discuss how automating data transformation can impact any organization and fast track the delivery of valuable insights to the business.

“We’re excited Coalesce is joining us for the 2023 Snowflake Data Cloud World Tour. It is a fantastic opportunity to demonstrate how Coalesce helps optimize data transformations on Snowflake and give our customers a better experience building data pipelines with a flexible, easy-to-use transformation solution that supports complex use cases,” said Tarik Dwiek, Head of Technology Alliances at Snowflake.

Uniquely built for Snowflake, Coalesce is a Snowflake Ready Technology and a Premier technology partner. Coalesce is also part of the Snowflake Partner Connect Ecosystem, making its data transformation capabilities easily accessible from Snowflake’s Data Cloud.

For more information on Snowflake’s Data Cloud World Tour or to register for an event, please visit: coalesce.io/dcwt.

Resources:

  • Register to attend the 2023 Snowflake Data Cloud World Tour here
  • Follow Coalesce on LinkedIn
  • Coalesce Website

About Coalesce
Founded in 2020, Coalesce is the only data transformation platform built for scale. Coalesce combines the speed of an intuitive graphical user interface (GUI), the flexibility of code, and the efficiency of automation, empowering its customers with increased data team productivity and insights. Based in San Francisco, Calif., Coalesce is backed by Emergence Capital, 11.2 Capital, GreatPoint Ventures, and Industry Ventures and supports customers worldwide. Learn more at Coalesce.io.

Media Contact
Stephanie Schlegel
Offleash for Coalesce
[email protected]

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System on Chip Market is forecasted to reach USD 335.4 billion by 2032, growing at a 7.9% CAGR from 2023 to 2032 https://www.thetechoutlook.com/press-release/system-on-chip-market-is-forecasted-to-reach-usd-335-4-billion-by-2032-growing-at-a-7-9-cagr-from-2023-to-2032/ Tue, 03 Oct 2023 23:00:00 +0000 https://www.thetechoutlook.com/system-on-chip-market-is-forecasted-to-reach-usd-335-4-billion-by-2032-growing-at-a-7-9-cagr-from-2023-to-2032 Acumen Research and Consulting recently published report titled “System on Chip Market Forecast, 2023 – 2032” TOKYO, Oct. 03, 2023 (GLOBE NEWSWIRE) — The Global System on Chip (SoC) Market Size accounted for USD 159.2 Billion in 2022 and is projected to achieve a market size of USD 335.4 Billion by 2032 growing at a […]

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Acumen Research and Consulting recently published report titled “System on Chip Market Forecast, 2023 – 2032”

TOKYO, Oct. 03, 2023 (GLOBE NEWSWIRE) — The Global System on Chip (SoC) Market Size accounted for USD 159.2 Billion in 2022 and is projected to achieve a market size of USD 335.4 Billion by 2032 growing at a CAGR of 7.9% from 2023 to 2032.

The System on Chip Market is a vital segment within the semiconductor industry, focusing on the development, production, and supply of integrated circuits that combine various electronic components and functions onto a single chip. This market is experiencing substantial growth due to the increasing demand for compact and power-efficient devices, advancements in semiconductor manufacturing technology, and the development of innovative and effective integrated solutions. The market’s future looks promising with continuous advancements in semiconductor research and chip development, offering numerous opportunities for growth and innovation. The System on Chip Market is a crucial sector in semiconductor innovation, providing advanced integrated solutions for a myriad of electronic applications, ranging from smartphones to automotive systems.

System on Chip Market Highlights and Key Statistics:

  • The Global System on Chip Market is expected to reach USD 335.4 Billion by 2032, reflecting a CAGR of 7.9% from 2023 to 2032.
  • In 2022, Asia-Pacific led the market, holding more than 49% of the market share.
  • North America will record a CAGR of around 8.2% from 2023 to 2032.
  • By type, the digital segment has generated about 60% of the revenue share in 2022.
  • By application, the smartphones segment has accounted for more than 28% of the revenue share in 2022.

Request For Free Sample Report @

https://www.acumenresearchandconsulting.com/request-sample/3407

System on Chip Market Report Coverage:

Market System on Chip Market
System on Chip Market Size 2022 USD 159.2 Billion
System on Chip Market Forecast 2032 USD 335.4 Billion
System on Chip Market CAGR During 2023 – 2032 7.9%  
Analysis Period 2020- 2032
Base Year 2022  
Forecast Data 2023 – 2032
Segments Covered By Type, By Application, By End Use Industry, And By Geography
System on Chip Market uRegional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Qualcomm Incorporated, MediaTek Inc., Apple Inc., Samsung Electronics Co., Ltd., Intel Corporation, NVIDIA Corporation, Advanced Micro Devices, Inc. (AMD), Broadcom Inc., Texas Instruments Incorporated, STMicroelectronics N.V., NXP Semiconductors N.V., and Renesas Electronics Corporation.
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

System on Chip Market Overview and Analysis:

The System on Chip Market is characterized by its focus on developing integrated circuits that can efficiently and safely combine various electronic components and functions. The market is witnessing continuous innovations aimed at enhancing the efficacy, size, power consumption, and performance of electronic devices. However, challenges such as supply chain disruptions, semiconductor shortages, high development and manufacturing costs, and intellectual property and licensing challenges can pose constraints to market growth.

Latest System on Chip Market Trends and Innovations:

  • Development of advanced manufacturing processes, such as 7nm and 5nm nodes.
  • Integration of multiple functions onto a single chip improving efficiency and performance of electronic devices.
  • Expanding applications in healthcare, wearables, Edge AI, robotics, automotive safety, and connectivity features.
  • Advances in semiconductor research for System on Chip production.

Major Growth Drivers of the System on Chip Market:

The demand for compact and power-efficient devices is increasing due to the growing popularity of smartphones, tablets, and other portable devices. The growth of the IoT market is also driving demand for semiconductors, as these devices are used to connect and control a wide range of devices and appliances. Advancements in semiconductor manufacturing technology are making it possible to produce smaller, more powerful chips, which is further driving demand. Rising demand for high-performance mobile devices, such as gaming phones and augmented reality headsets, is also contributing to the growth of the semiconductor market. Finally, the expansion of 5G networks and connectivity is creating new opportunities for semiconductor companies, as 5G networks require more powerful chips to support the high-speed data rates.

Key Challenges Facing the System on Chip Market:

  • Supply chain disruptions and semiconductor shortages have made it difficult for companies to get the parts they need to manufacture their products. This has led to delays and shortages of products, and has also increased costs.
  • High development and manufacturing costs are another challenge facing the semiconductor industry. The cost of developing new chips is constantly increasing, and the manufacturing process is also very expensive. This has made it difficult for small companies to compete in the market.
  • Intellectual property and licensing challenges can also be a major obstacle for companies in the semiconductor industry. Companies need to make sure that they have the necessary patents and licenses to manufacture and sell their products. If they do not, they could be sued by other companies.
  • Increasing competition from China, demand for more energy-efficient chips and growing popularity of artificial intelligence and machine learning are also some challenges.

Check the detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/system-on-chip-market

System on Chip Market Segmentation Insights:

Based on the Type:

  • Digital
  • Mixed Signal
  • Analog

Based on the Application:

  • Smartphones
  • PC/Laptops
  • Networking Devices
  • Digital Cameras
  • Game Consoles

Based on the End Use Industry:

  • Automotive
  • IT and Telecommunication
  • Aerospace and Defense
  • Consumer Electronics
  • Healthcare
  • Industrial

Regional Overview of the System on Chip Market:

Asia-Pacific’s dominance in the System on Chip Market can be attributed to the presence of some of the world’s largest and most influential semiconductor manufacturing companies, such as TSMC, Samsung, and SMIC, and being a major hub for consumer electronics manufacturing. North America and Europe are also significant markets due to high technological advancements and the adoption of advanced integrated solutions.

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https://www.acumenresearchandconsulting.com/buy-now/0/3407

List of Key Players in the System on Chip Market:

Qualcomm Incorporated, MediaTek Inc., Apple Inc., Samsung Electronics Co., Ltd., Intel Corporation, NVIDIA Corporation, Advanced Micro Devices, Inc. (AMD), Broadcom Inc., Texas Instruments Incorporated, STMicroelectronics N.V., NXP Semiconductors N.V., and Renesas Electronics Corporation.

Browse More Research Topic on Semiconductor Industries Related Reports:

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The Global Dry Type Distribution Transformer Market Size accounted for USD 6.3 Billion in 2022 and is projected to achieve a market size of USD 11.2 Billion by 2032 growing at a CAGR of 6.1% from 2023 to 2032.

The Global Satellite Ground Station (SGS) Market Size accounted for USD 55.3 Billion in 2022 and is projected to achieve a market size of USD 181.4 Billion by 2032 growing at a CAGR of 12.8% from 2023 to 2032.

Browse Our Official Website Press release:

https://www.acumenresearchandconsulting.com/press-releases/system-on-chip-market

About Acumen Research and Consulting:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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Acumen Research and Consulting

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StoneCo Announces Repurchase Program https://www.thetechoutlook.com/press-release/stoneco-announces-repurchase-program/ Tue, 03 Oct 2023 22:02:00 +0000 https://www.thetechoutlook.com/stoneco-announces-repurchase-program GEORGETOWN, Grand Cayman, Oct. 03, 2023 (GLOBE NEWSWIRE) — StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) announced that its Board of Directors, pursuant to written resolutions dated September 21, 2023, has authorized a share repurchase program, under which Stone may repurchase up to R$ 300 million in outstanding Class A common shares. […]

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GEORGETOWN, Grand Cayman, Oct. 03, 2023 (GLOBE NEWSWIRE) — StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) announced that its Board of Directors, pursuant to written resolutions dated September 21, 2023, has authorized a share repurchase program, under which Stone may repurchase up to R$ 300 million in outstanding Class A common shares.

The repurchase program goes into effect as of the date of the Board Resolution. The share repurchases may be made from time to time through open market transactions, block trades, privately negotiated transactions or otherwise and are subject to market and business conditions, levels of available liquidity, cash requirements for other purposes, regulatory, and other relevant factors.

About StoneCo

StoneCo is a leading provider of financial technology and software solutions that empower merchants to conduct commerce seamlessly across multiple channels and help them grow their businesses.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. These statements identify prospective information and may include words such as “believe,” “may,” “will,” “aim,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “forecast,” “plan,” “predict,” “project,” “potential,” “aspiration,” “objectives,” “should,” “purpose,” “belief,” and similar, or variations of, or the negative of such words and expressions, although not all forward-looking statements contain these identifying words.

Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Stone’s control.

Stone’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: more intense competition than expected, lower addition of new clients, regulatory measures, more investments in our business than expected, and our inability to execute successfully upon our strategic initiatives, among other factors.

Contact:

Investor Relations
[email protected]

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Introducing Dumb Money: The Game-Changing Crypto Project on the Ethereum Chain https://www.thetechoutlook.com/press-release/introducing-dumb-money-the-game-changing-crypto-project-on-the-ethereum-chain/ Tue, 03 Oct 2023 22:00:00 +0000 https://www.thetechoutlook.com/introducing-dumb-money-the-game-changing-crypto-project-on-the-ethereum-chain CALIFORNIA CITY, CA, Oct. 03, 2023 (GLOBE NEWSWIRE) — In a world where traditional finance has left many feeling like mere spectators, a group of passionate individuals decided it was time to take matters into their own hands. Inspired by the GameStop saga that captivated the world, they proudly embraced the label of “APE” and […]

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CALIFORNIA CITY, CA, Oct. 03, 2023 (GLOBE NEWSWIRE) — In a world where traditional finance has left many feeling like mere spectators, a group of passionate individuals decided it was time to take matters into their own hands. Inspired by the GameStop saga that captivated the world, they proudly embraced the label of “APE” and embarked on a mission to reshape the financial landscape. Today, Dumb Money, a crypto project on the Ethereum Chain, is unveiled to the public, poised to revolutionize the way investments are perceived.

The GameStop saga served as a rallying point for a new generation of investors who chose to be called “APES.” This term gained fame in the crypto world, symbolizing a united community’s strength against conventional markets. Drawing inspiration from this movement, some of these “APES” from Reddit and GameStop decided to code their own project Dumb Money ($GME) , a symbol of community unity against traditional financial systems.

As part of this revolutionary journey, Dumb Money is proud to announce the launch of the DumbMoney Movie, an event that promises to make waves on Twitter. The community behind Dumb Money believes that their collective strength will propel them to new heights of popularity and connection within the crypto world.

Dumb Money’s mission is clear: to bring together every “APE” on Earth, gather all the “degens,” and elevate everyone together. This community is here to disrupt the system and turn the financial market on its head. Imagine sharing stories of massive gains from $GME, not from traditional stocks, but from the Ethereum blockchain. It’s a thrilling vision, and Dumb Money aims to make it a reality.

With an experienced and passionate team, dedicated moderators, professional developers and a community that lives by the mantra of ‘HODL’, Dumb Money is well on its way to the moon and beyond.

For more information and to get involved, please visit the official resources:

Website: https://www.dumbmoneytoken.vip
Telegram: https://t.me/DumbMoneyERC
Twitter: https://twitter.com/DumbMoneyERC

Disclaimer:

The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.

CONTACT: Aditya Singh Dumb Money team at dumbmoneytoken.vip

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.

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ManaCoin Token ($MNC) Launches High-Yield Pools, Empowering Users to Maximize Returns https://www.thetechoutlook.com/press-release/manacoin-token-mnc-launches-high-yield-pools-empowering-users-to-maximize-returns/ Tue, 03 Oct 2023 21:11:00 +0000 https://www.thetechoutlook.com/manacoin-token-mnc-launches-high-yield-pools-empowering-users-to-maximize-returns NAGOYA, JAPAN, Oct. 03, 2023 (GLOBE NEWSWIRE) — ManaCoin Token ($MNC), a prominent ERC20 token known for its hyper-deflationary nature, is proud to announce the unveiling of High-Yield Pools, a groundbreaking feature that empowers users to maximize their returns on investment. This strategic development marks a significant milestone in the world of decentralized finance (DeFi) and […]

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NAGOYA, JAPAN, Oct. 03, 2023 (GLOBE NEWSWIRE) — ManaCoin Token ($MNC), a prominent ERC20 token known for its hyper-deflationary nature, is proud to announce the unveiling of High-Yield Pools, a groundbreaking feature that empowers users to maximize their returns on investment. This strategic development marks a significant milestone in the world of decentralized finance (DeFi) and underscores ManaCoin’s commitment to providing value and opportunities to its community.

High-Yield Pools: Empowering Your Investment Potential

ManaCoin’s commitment to innovation and community empowerment takes another leap forward with the introduction of High-Yield Pools. These pools are designed to provide ManaCoin users with a lucrative avenue to optimize their investment strategies and unlock substantial rewards.

Why High-Yield Pools Matter
High-Yield Pools within the ManaCoin ecosystem hold several key advantages:

  • Maximized Returns: High-Yield Pools offer users the potential to earn substantial returns on their $MNC investments, outperforming traditional investment vehicles.
  • Community-Centric: ManaCoin’s High-Yield Pools are designed with the community in mind, ensuring that participants have the opportunity to benefit from the platform’s success.
  • Diverse Participation: Whether you’re a seasoned DeFi enthusiast or new to the space, High-Yield Pools are accessible to all, fostering an inclusive and diverse user base.
  • Sustainable Growth: The ManaCoin ecosystem prioritizes sustainability and long-term value creation, aligning with the interests of its loyal community members.

How to Participate
Participating in High-Yield Pools is straightforward and accessible to all ManaCoin users. You can stake your $MNC tokens or a combination of $MNC and LP tokens, whether obtained through the dynamic tax mechanism or by adding your LP tokens. This flexibility allows you to tailor your investment strategy to your specific goals and risk tolerance

Yield Converter: Unlocking DeFi Opportunities
In addition to the High-Yield Pools, ManaCoin ($MNC) proudly introduces the Yield Converter, a powerful tool designed to unlock even more opportunities within the decentralized finance (DeFi) space. The Yield Converter complements the ManaCoin ecosystem by offering the following features:

Stake and Earn Daily Rewards: With the Yield Converter, users can stake any amount of their preferred blockchain assets and earn daily staking rewards. This feature empowers users to grow their assets while actively participating in the DeFi ecosystem.

Mint Your ManaCoin Assets: By staking, users mint Yield Converter Assets pegged 1:1 to the blockchain assets they stake. These assets, including sMNC, wMNC, and more, represent the value of the staked assets. This minting process provides users with versatile tokens to explore various DeFi opportunities.

Stable APR of 7.25%: Keep your Yield Converter Assets within the ecosystem and other DeFis to receive a stable Annual Percentage Rate (APR) of 7.25%. This ensures that your assets continue to work for you and generate consistent returns.

Maximize Your Yield: The minted ManaCoin Assets (e.g., sMNC, wMNC) can be utilized across the Yield Converter Ecosystem for a range of activities, including staking, farming, trading, swapping, lending, borrowing, and more. This versatility allows users to tailor their DeFi strategies for maximum yield.

ManaCoin Dex (ManaDex):Elevating Your Trading Experience
ManaDex is not just another decentralized exchange; it’s a comprehensive solution designed to provide users with unmatched access to liquidity across multiple blockchains. Here’s what makes ManaDex stand out:

Native Trading Engine: ManaDex combines a native trading engine with a consolidated order book, enhancing the trading experience. This unique approach offers users a holistic view of the market, enabling them to make informed trading decisions.

Advanced Trading Options: ManaDex empowers users with advanced trading options, including limit orders, trailing orders, stop-loss orders, and iceberg orders. The platform’s flexibility allows for additional options to be incorporated through community governance, ensuring it evolves to meet the diverse needs of its users.

$MNC Discounts: Holders of $MNC tokens enjoy fee discounts on various order types, such as limit, trailing, stop-loss, and iceberg orders. This incentive rewards loyal community members and encourages broader adoption of the platform.

Governance and Staking Rewards: $MNC stakers actively participate in governance decisions, helping shape the platform’s future. In return, they receive staking rewards generated from the platform’s fee revenue, fostering a sense of ownership and engagement within the community.
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Revolutionary Tax Protocol In addition to the launch of High-Yield Pools, ManaCoin’s smart contract incorporates a revolutionary tax protocol characterized by its ability to dynamically adjust its function through each interaction. This groundbreaking protocol seamlessly integrates the following components:

  • ETH Reflections: Token holders are rewarded with Ethereum (ETH) based on their proportional ownership whenever the contract activates the Reflection function. This feature encourages long-term holding and community engagement.

  • True Token Burns: Real token burns progressively increase token holder percentages over time. The accompanying “Burner” feature simplifies contributions to this ongoing burn, further reducing the overall token supply.

  • Smart Auto LP Management: The platform’s low-fee auto LP growth feature bolsters $MNC liquidity and rewards LP token holders. Unlike traditional auto LP mechanisms, ManaCoin’s approach avoids standard auto LP costs by channeling tokens directly to the LP pair. This strategy not only preserves ETH in the pool but also provides lucrative LP rewards.

  • Treasury Management: The $MNC Treasury plays a pivotal role in benefiting token holders by generating rewards, facilitating strategic buybacks, burns, and LP additions. The dedicated ManaCoin team actively manages the Treasury, optimizing fund utilization for maximum returns.

Token Allocation and Strategic Focus ManaCoin’s strategic token allocation demonstrates unwavering commitment to liquidity, community-driven growth, and the project’s long-term sustainability:

  • Total Supply: 100 million tokens
  • Liquidity Supply: 80,000,000 MNC (80%)
  • Team/Reward Supply: 20,000,000 MNC (20%)

The token allocation breakdown is as follows:

  • Liquidity Provision: 80% of the token supply is dedicated to liquidity provision. This allocation serves as the cornerstone, ensuring a robust and stable foundation for the entire ManaCoin ecosystem.
  • Staking and Yield Incentives: 12% of the token supply is allocated for staking rewards and yield incentives. This allocation encourages active participation and engagement within the ManaCoin community, empowering users to earn rewards while contributing to the project’s success.
  • Marketing and Development: 8% of the token supply is earmarked for marketing initiatives and sustaining the project’s core team. This allocation ensures ongoing development, innovation, and long-term sustainability, driving ManaCoin’s growth and adoption in the dynamic DeFi landscape.

ManaCoin’s token allocation strategy aligns with its vision of creating a thriving and community-centric decentralized ecosystem, underpinned by liquidity, engagement, and innovation.

To explore and participate in ManaCoin’s High-Yield Pools, visit  ManaCoin dApp at https://app.manacoin.io. Don’t miss out on the opportunity to maximize your investment returns and join a thriving community of DeFi enthusiasts.

For more information about Manacoin token please visit https://www.manacoin.io/

About ManaCoin

ManaCoin Token ($MNC) is an ERC20 token celebrated for its hyper-deflationary characteristics, boasting intelligent auto LP management and Ethereum reflections.

Through each interaction, the $MNC token’s smart contract dynamically adjusts its functionality, rewarding token holders through genuine burns, astute LP contributions, or ETH reflections.

Contact:
ManaCoin
Rondey king
[email protected]

Disclaimer:
The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.

CONTACT: Rondey king info at manacoin.io

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.

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Deleno IFC: Providing $5 Million Relief Fund to Help Rebuild Homes for Hawaii’s Maui Island Fire Victims https://www.thetechoutlook.com/press-release/deleno-ifc-providing-5-million-relief-fund-to-help-rebuild-homes-for-hawaiis-maui-island-fire-victims/ Tue, 03 Oct 2023 21:00:00 +0000 https://www.thetechoutlook.com/deleno-ifc-providing-5-million-relief-fund-to-help-rebuild-homes-for-hawaiis-maui-island-fire-victims COLORADO CITY, COLORADO, Oct. 03, 2023 (GLOBE NEWSWIRE) — The Maui Island fire that erupted on August 8, 2023, is the most devastating fire in the United States in over a century. As of now, this fire has resulted in over 1,200 people missing, thousands displaced, and 111 fatalities. Large parts of Lahaina, a historic […]

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COLORADO CITY, COLORADO, Oct. 03, 2023 (GLOBE NEWSWIRE) — The Maui Island fire that erupted on August 8, 2023, is the most devastating fire in the United States in over a century. As of now, this fire has resulted in over 1,200 people missing, thousands displaced, and 111 fatalities.

Large parts of Lahaina, a historic tourist town and the former capital of the Kingdom of Hawaii, have been consumed by the flames. According to the final damage assessment released by the U.S. Federal Emergency Management Agency on August 30, a total of 1,724 buildings in Lahaina have been destroyed. Almost all visible structures in the area have been incinerated or damaged, leaving behind a landscape of ruins, erasing the once vibrant community.

Deleno IFC, as a U.S.-based international exchange, has consistently strived to create a reliable, secure, and innovative trading platform to meet the diverse needs of its clients. Simultaneously, its strong sense of social responsibility, service orientation, and high standards of business ethics have also contributed significantly to the field of social assistance and charity.

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In recent years, the company has provided substantial humanitarian aid to people in disaster-stricken countries and regions worldwide, demonstrating its corporate responsibility and business ethics, and garnering high praise from society, institutions, governments, and industry peers:

(1) In 2019, during the unprecedented rain and flood disaster in Pakistan, which occurred once in 50 years, resulting in at least 49 fatalities and 176 injuries, the company promptly provided $1 million worth of emergency relief supplies to the local government.

(2) In 2020, when the most severe flu outbreak in 40 years hit the United States, infecting 22 million people, Deleno IFC headquarters allocated $2 million for medical relief funds to U.S. healthcare institutions.

(3) In March 2022, during the Eastern Australia floods, the company donated emergency relief equipment and supplies worth $1 million AUD to the local government in Australia.

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(4) In February 2023, when Turkey experienced a 7.8 magnitude earthquake, the company provided over $3 million worth of life-saving relief supplies through the International Red Cross.

In the case of the Maui Island fire, which is not only a national disaster but also a time for all American businesses to fulfill their social responsibility, the company will not stand idly by.

Helping the disaster-affected population rebuild their homes becomes the top priority in post-disaster life. Therefore, the company’s board of directors has decided to provide a $5 million relief fund to assist everyone in rebuilding their homes, with a focus on Lahaina, which has suffered the most severe damage, helping the people restore normalcy to their lives.

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Simultaneously, we will closely monitor the fund allocation process, establish strict rescue details, and collaborate with the post-disaster relief and reconstruction team of the Hawaii government. According to reports from the Associated Press, the Lahaina town disaster area will be divided into 17 districts and several sub-districts, with residents gradually being allowed to return home under supervision. The first batch of residents or property owners allowed to return to their homes will be in the 1C district in northern Lahaina. They will be permitted to return home on September 25th and 26th, between 8 a.m. and 4 p.m., under supervision, with eligible individuals able to obtain passes in advance.

Many people fled their homes nearly seven weeks ago to escape the fire, and this will be their first time returning home. Going forward, the company will increase the relief fund amount based on the progress of Lahaina town’s post-disaster reconstruction and the company’s actual financial capacity.

At the same time, we will actively cooperate with relevant government departments. We believe that the resilient American people will not easily yield in the face of disasters, and Lahaina will once again flourish, full of vitality and life!

Website: https://delenofincorp.com/

CONTACT: John Hansen Deleno IFC Advisory at delenofincorp.com

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.

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MKS Instruments Completes Repricing of Secured Term Loan B https://www.thetechoutlook.com/press-release/mks-instruments-completes-repricing-of-secured-term-loan-b/ Tue, 03 Oct 2023 20:30:00 +0000 https://www.thetechoutlook.com/mks-instruments-completes-repricing-of-secured-term-loan-b ANDOVER, Mass., Oct. 03, 2023 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, announced today that it successfully completed the repricing of its existing $3.6 billion secured tranche B term loan. The lenders have agreed to an amendment that results in a reduction of the […]

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ANDOVER, Mass., Oct. 03, 2023 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, announced today that it successfully completed the repricing of its existing $3.6 billion secured tranche B term loan. The lenders have agreed to an amendment that results in a reduction of the interest rate for the tranche B term loans from SOFR plus a credit spread adjustment plus 275 basis points to SOFR plus 250 basis points. The repricing eliminated the credit spread adjustment applicable to SOFR borrowings of the tranche B term loans which previously added 10 basis points, 15 basis points, and 25 basis points to one-month, three-month and six-month interest periods, respectively.

Based on the current interest rate, the annualized non-GAAP interest expense savings from this repricing is $10.7 million.

“We are pleased with the market demand for our Term Loan B, and today’s actions are consistent with our long-standing track record of actively optimizing our capital structure, including reducing our interest expense through repricing,” said Seth H. Bagshaw, Executive Vice President and Chief Financial Officer.

JP Morgan acted as the sole lead arranger and sole bookrunner for the tranche B term loan repricing.

About MKS Instruments
MKS Instruments enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.

Use of Non-GAAP Financial Measure
Non-GAAP interest expense savings excludes amortization of debt issuance costs. This non-GAAP financial measure is not in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). This non-GAAP financial measure should be viewed in addition to, and not as a substitute for, MKS’ reported results under GAAP, and may be different from non-GAAP financial measures used by other companies. MKS management believes the presentation of this non-GAAP financial measure is useful to investors for comparing prior periods and analyzing ongoing business trends and financial results. On an annualized basis, GAAP interest expense savings, at the current interest rate, is $10.3 million, which includes $0.3 million of amortization of deferred financing costs.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release contains a forward-looking statement within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act regarding MKS’ interest expense. This statement is only a prediction based on current assumptions and expectations. Actual events or results, including changes in interest rates, may differ materially from those in the forward-looking statement set forth herein. Readers are referred to MKS’ filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning MKS and its operations. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

Company Contact:
David Ryzhik
Vice President, Investor Relations
Telephone: (978) 557-5180
Email: [email protected]

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.

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