HONG KONG, Oct. 17, 2024 /PRNewswire/ — FIT Hon Teng (6088-HK), a subsidiary of Hon Hai Precision Industry (2317-TW), will unveil its latest advancements in AI data center connectivity and immersion-cooling technologies at the upcoming 2024 OCP Global Summit. Hosted by the Open Compute Project (OCP), this prestigious event brings together global leaders in hardware infrastructure design, addressing the evolving demands of modern data centers.

At the summit, FIT will introduce solutions that tackle critical challenges in AI-driven data centers, including signal degradation, heat dissipation, and large-scale manufacturing scalability. FIT’s AI rack connectivity innovations are designed to enhance signal integrity and optimize data transmission, all while incorporating advanced cooling technologies for high-density AI workloads.

Key product highlights include:

224G+ sockets for XPU/GPU connectivityCo-packaged copper and optical architecturesPower cables for ORV3Active Optical Cables (AOC)OSFP1600 and QSFP-DD port configurations

These solutions underscore FIT’s commitment to driving innovation in the AI data center space, building on Foxconn’s extensive industrial internet expertise to offer cutting-edge AI connectivity solutions to global data center customers.

In addition to its AI connectivity offerings, FIT will present its immersion-cooled IT platform solutions at the summit. Terry Little, Development Engineering Manager at FIT, will lead a session titled “Optimizing Signal Integrity in Immersion-Cooled IT Platforms.” The session will delve into the effects of dielectric fluids on high-speed signal lines, the challenges of high-speed testing in such environments, and innovative connector fixture strategies. These solutions are critical for ensuring reliable performance in harsh, high-density computing environments, such as AI data centers.

By addressing key issues such as performance, efficiency, and scalability, FIT continues to play a pivotal role in supporting the growth of AI infrastructure across industries, further solidifying its leadership in AI data center solutions.

About Foxconn Interconnect Technology (FIT Hon Teng)

Foxconn Interconnect Technology (HKEX: 6088) was listed on the Hong Kong Stock Exchange in 2017 and is the largest consumer electronics connector manufacturer in Greater China. While connectors remain its core business, the company has strategically expanded in recent years into 5G AIoT, electric vehicles, and acoustic electronic components, while also entering the consumer brand sector. For more information, please visit the company’s website at www.fit-foxconn.com

Media Contact:                                  Product and Service Inquiries:
Email: fit-ir@fit-foxconn.com             Europe and America Contact: sales-usa@fit-foxconn.com  

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SOURCE FIT Hon Teng Ltd

TOKYO, Oct. 17, 2024 /PRNewswire/ — NIPPON EXPRESS HOLDINGS, INC. welcomed His Excellency Rayan Salah Al-Din Al-Bakri, Deputy Minister for Logistics Services at Saudi Arabia’s Ministry of Transport and Logistics Services, and 12 other Saudi dignitaries on Monday, September 2, at the NX Group Building in Tokyo.

NX Logo: https://kyodonewsprwire.jp/img/202410017427-O2-f9std246

H.E. Rayan Salah Al-Din Al-Bakri, Deputy Minister, Ministry of Transport and Logistics Services, Saudi Arabia (Center): https://cdn.kyodonewsprwire.jp/prwfile/release/M103866/202410017427/_prw_PI1fl_7bO06VPF.jpg

The NX Group established Nippon Express (Middle East) LLC in the United Arab Emirates in February 2007, and in the years since has developed a variety of businesses — including air and ocean freight forwarding, warehousing and overseas removals — in the Middle East region.

The Saudi delegation’s purpose in visiting Japan was to make a tour of Japanese logistics companies. The distinguished visitors were received at the NX Group Building by Nippon Express Co. President Shinjiro Takezoe, NIPPON EXPRESS HOLDINGS Senior Managing Executive Officer Tadahiro Furue, and other company officials. During their meeting, they discussed the logistics services and know-how provided by the NX Group and its initiatives for developing logistics in Saudi Arabia, and a wide range of opinions were exchanged in a friendly atmosphere.

The NX Group will continue further expanding its global network to provide high-quality logistics services to customers around the world.

About the NX Group
https://kyodonewsprwire.jp/attach/202410017427-O1-7S1R8C5Z.pdf

NX Group official website: https://www.nipponexpress.com/

NX Group’s official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/

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LONDON and CAIRO, Oct. 17, 2024 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, today announced a major expansion of its Direct Global Network into Egypt. This expansion brings mobile wallet and bank account payment capabilities to Thunes’ Pay solutions, enhancing the company’s cross-border payment services in one of the Middle East and North Africa’s most dynamic markets.

Egypt is experiencing one of the fastest adoption growth rates for mobile wallets across the African continent, driven by accelerating cash-to-digital conversion. According to GlobalData, mobile wallet volume in Egypt is expected to grow 26% annually between 2024 and 2028, with the projected total volume reaching USD 3.8 billion by 2028.

With this expansion, Members of Thunes’ Direct Global Network can now offer consumer remittance services into Egypt, either to bank accounts or to mobile wallets. This service supports all bank accounts in Egypt, with payouts in both Egyptian Pounds and US Dollars. In addition, all mobile wallets in Egypt will now be supported, with payouts available in Egyptian Pounds.

Egypt ranks as the top remittance-receiving market in the Middle East and North Africa region, totaling USD 19.5 billion in 2023, according to World Bank data, making Thunes’ entry into the market an important development for individuals and businesses seeking cross-border payments into the country.

Aik Boon “AB” Tan, Chief Network Officer of Thunes, said: “Expanding Thunes’ proprietary Direct Global Network into Egypt will provide our Members with greater speed, control, visibility, protection, and cost efficiencies for real-time cross-border payments in one of the fastest growing markets in the world. This expansion demonstrates our relentless commitment to global reach and industry-leading Quality of Service through direct network connections, enabling businesses and financial institutions to reliably process payments globally.”

Contact:

Flo Holt, Headland, fholt@headlandconsultancy.com
Mathieu Limousi, Chief Marketing Officer, Thunes, mathieu.limousi@thunes.com

About Thunes:

Thunes is the Smart Superhighway to move money around the world. Thunes’ proprietary Direct Global Network allows Members to make payments in real-time in over 130 countries and more than 80 currencies. Thunes’ Network connects directly to over 7 billion mobile wallets and bank accounts worldwide, via more than 320 different payment methods, such as GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay and many more. Thunes’ Direct Global Network differentiates itself through its worldwide reach, in-house SmartX Treasury System and Fortress Compliance Platform, ensuring Members of the Network receive unrivaled speed, control, visibility, protection, and cost efficiencies when making real-time payments, globally. Members of Thunes’ Direct Global Network include gig economy giants like Uber and Deliveroo, super-apps like Grab and WeChat, MTOs, fintechs, PSPs and banks. Headquartered in Singapore, Thunes has offices in 13 locations, including Barcelona, Beijing, Dubai, Johannesburg, London, Manila, Nairobi, Paris, Riyadh, San Francisco, Sao Paulo and Shanghai. For more information, visit: https://www.thunes.com/

View original content:https://www.prnewswire.co.uk/news-releases/thunes-expands-its-direct-global-network-into-egypt-302278294.html