Public-private consortium will focus on innovation, collaboration, and education to bolster the U.S. semiconductor industry

WASHINGTON, Sept. 30, 2024 /PRNewswire/ — Natcast, the purpose-built, non-profit entity designated to operate the National Semiconductor Technology Center (NSTC) by the U.S. Department of Commerce, today announced the official launch of the NSTC Membership program. The public-private consortium will bolster the U.S. semiconductor industry with a focus on innovation, collaboration, and education. This announcement marks a significant milestone in U.S. efforts to advance its competitive edge in semiconductor leadership.

NSTC members can benefit from dynamic and cross-sector collaboration; access to leading-edge R&D facilities; development of member-driven research agendas; unique opportunities to research, prototype, and scale up semiconductor technologies; and workforce and educational best practices and initiatives developed through the NSTC Workforce Center of Excellence. These resources, several of which are planned to become available throughout 2025, are aimed at reducing barriers for members to bring new technologies from lab-to-fab as well as supporting member efforts to build and sustain a strong U.S. semiconductor workforce development ecosystem.

“As a public-private consortium, the NSTC represents a bold vision for U.S. semiconductor innovation,” said Deirdre Hanford, Natcast CEO. “Today’s launch of the NSTC Membership program is a critical step in our evolution as we can now welcome and officially admit members into the consortium. NSTC programs will support members in ushering in the next era of innovation and collaboration that will accelerate semiconductor research, extend U.S. leadership in the technologies of tomorrow, and create a sustainable semiconductor workforce now and for the future.”

“CHIPS for America is closing the gap between invention and commercialization, ushering in a new technological revolution for the semiconductor ecosystem,” said Secretary of Commerce Gina Raimondo. “The NSTC represents the foundation for the next wave of technological breakthroughs, serving as the anchor institution where we shape the future of semiconductor innovation. With unprecedented collaboration between industry, academia, labor organizations, and government, members of the NSTC will help to secure America’s leadership in global semiconductor technology.”

The mission of the NSTC is to convene a diverse set of members from across the semiconductor ecosystem around three shared and strategic goals:

Strengthening U.S. semiconductor leadership: Through innovative and member-driven research initiatives, the NSTC will address industry and academia’s most pressing semiconductor R&D challenges and extend U.S. leadership in foundational technologies for future applications and industries.Reducing time from lab-to-fab: By providing members access to collaborative opportunities and leading-edge facilities and capabilities, the NSTC will reduce the time and cost to explore, prototype, and validate innovative semiconductor designs and technology.Expanding the U.S. semiconductor workforce: Developing and distributing critical workforce and education programming and resources, the NSTC will support members in expanding and sustaining a strong U.S. semiconductor workforce development ecosystem.

“NSTC members will be at the forefront of defining the technologies of the future,” said Susan Feindt, senior vice president of ecosystem development at Natcast. “The NSTC seeks to engage organizations from across the industry value chain, academia, and government. This unique approach, coupled with access to R&D facilities, workforce development initiatives, and other programs and resources, is designed to increase opportunities for collaboration and reduce barriers throughout the ecosystem. Together, our collective work will accelerate innovation and have an impact on U.S. semiconductor technology and workforce leadership for decades to come.”

NSTC membership is offered in two categories, Core and Affiliate, tailored to support the needs of the broad semiconductor ecosystem. Core membership is designed for entities that are directly involved in semiconductor technology development of materials, tools, processes, design, package or systems. Affiliate membership is designed for organizations that do not conduct semiconductor research but would like to participate and contribute to the ecosystem in areas such as workforce, investments, consortia, or professional services.

Learn more about the benefits of becoming an NSTC member and join the mission at natcast.org/NSTCmembership.

The launch of the NSTC Membership program builds on the momentum of several announcements over the past few months, including the launch of jump start R&D funding programs, the announcement of three initial R&D facilities and selection processes, the launch of the NSTC Workforce Center of Excellence (WCoE), and the funding of an anticipated $11.5 million in Workforce Partner Alliance awards.

Learn more at natcast.org.

ABOUT NATCAST

Natcast is the purpose-built, non-profit entity designated to operate the National Semiconductor Technology Center (NSTC) by the Department of Commerce and established by the CHIPS and Science Act of the U.S. government. The NSTC is a public-private consortium dedicated to semiconductor R&D in the United States. It convenes the U.S. government, allied and partner nations, and organizations across the semiconductor ecosystem—including academia and businesses of all kinds—to address the most challenging barriers to continued technological progress in the domestic semiconductor industry, including the need for a capable workforce. The NSTC reflects a once-in-a-generation opportunity for the U.S. to drive the pace of innovation, set standards, and re-establish global leadership in semiconductor design and manufacturing. Learn more at natcast.org.

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SOURCE Natcast

HANGZHOU, China, Sept. 30, 2024 /PRNewswire/ — Yunji Inc. (“Yunji” or the “Company”) (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it received a notification letter (the “Compliance Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market Inc. (“Nasdaq”) dated September 27, 2024, indicating that the Company has regained compliance with the Nasdaq Listing Rule 5450(a)(2) and the matter is closed.

As previously disclosed, on October 5, 2023, the Company received a letter from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1), as the closing bid price of the ADSs had been below US$1.00 per ADS for the previous 30 consecutive business days. The Company was given a period of 180 calendar days, or until April 2, 2024, to regain compliance with the minimum bid price requirement. In response, the Company submitted an application to transfer the listing of its ADSs from the Nasdaq Global Market to the Nasdaq Capital Market. As a result of the transfer to the Nasdaq Capital Market, Nasdaq granted the Company a second period of 180 calendar days, or until September 30, 2024, to regain compliance with the minimum bid price requirement for continued listing. To regain compliance, the closing bid price of the Company’s ADSs must meet or exceed US$1.00 per ADS for a minimum of 10 consecutive business days on or prior to September 30, 2024.

According to the Compliance Notice, the closing bid price of the Company’s ADSs has been at $1.00 per ADS or greater for 10 consecutive business days from September 13, 2024 through September 26, 2024, and the Company has regained compliance with the minimum bid price requirement and the matter is closed.

About Yunji Inc.

Yunji Inc. is a leading social e-commerce platform in China that has pioneered a unique, membership-based model to leverage the power of social interactions. The Company’s e-commerce platform offers high-quality products at attractive prices across a wide variety of categories catering to the day-to-day needs of Chinese consumers. In addition, the Company uses advanced technologies including big data and artificial intelligence to optimize user experience and incentivize members to promote the platform as well as share products with their social contacts. Through deliberate product curation, centralized merchandise sourcing, and efficient supply chain management, Yunji has established itself as a trustworthy e-commerce platform with high-quality products and exclusive membership benefits, including discounted prices.

For more information, please visit https://investor.yunjiglobal.com/.

Safe Harbor Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes, ” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Yunji may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Yunji’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Yunji’s growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China’s e-commerce market; PRC governmental policies and regulations relating to Yunji’s industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Yunji’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Yunji undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Yunji Inc.
Investor Relations
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957

ICR, LLC
Robin Yang
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957

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SOURCE Yunji Inc.

BEIJING, Sept. 30, 2024 /PRNewswire/ — New Oriental Education and Technology Group Inc. (the “Company” or “New Oriental”) (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced that it will report its financial results for the first quarter ended August 31, 2024, before the U.S. market opens on October 23, 2024. New Oriental’s management will host an earnings conference call at 8 AM on October 23, 2024, U.S. Eastern Time (8 PM on October 23, 2024, Beijing/Hong Kong Time). Participants can join the conference using the below options:

Dialling-in to the conference call:

Please register in advance of the conference, using the link provided below. Upon registering, you will be provided with participant dial-in numbers, and unique personal PIN.

Conference call registration link: https://register.vevent.com/register/BI126999a0b5fd42c3987cd3a67645c9ba. It will automatically direct you to the registration page of “New Oriental FY2025 Q1 Earnings Conference Call” where you may fill in your details for RSVP.

In the 10 minutes prior to the call start time, you may use the conference access information (including dial in number(s) and personal PIN) provided in the confirmation email received at the point of registering.

Joining the conference call via a live webcast:

Additionally, a live and archived webcast of the conference call will be available at http://investor.neworiental.org.

Listening to the conference call replay:

A replay of the conference call may be accessed via the webcast on-demand by registering at https://edge.media-server.com/mmc/p/hmu6g3sb first. The replay will be available until October 23, 2025:

About New Oriental

New Oriental is a provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental’s program, service and product offerings mainly consist of educational services and test preparation courses, private label products and livestreaming e-commerce, and overseas study consulting services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental’s ADSs, each of which represents ten common shares, are listed and traded on the NYSE. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.

For more information about New Oriental, please visit http://www.neworiental.org/english/.

Contacts

For investor and media inquiries, please contact:

In China:
Ms. Sisi Zhao                                                                    Ms. Rita Fong
New Oriental Education and Technology Group Inc.        FTI Consulting                          
Tel:         +86-10-6260-5568                                             Tel:        +852 3768 4548                       
Email:     zhaosisi@xdf.cn                                                Email:    rita.fong@fticonsulting.com

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SOURCE New Oriental Education and Technology Group Inc.