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Changes to Sony Semiconductor Solutions’ Management Structure

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Shinji Sashida newly appointed as President and CEO

TOKYO, Jan. 28, 2025 /PRNewswire/ — Sony Group Corporation and Sony Semiconductor Solutions Corporation (“SSS”) today announced that Shinji Sashida, currently SSS Director, Executive Deputy President, has been appointed as Representative Director, President and CEO of SSS, effective April 1, 2025. Terushi Shimizu, currently serving as Representative Director, President and CEO, will become Director and Chairman of SSS, also effective April 1, 2025. From April, Sashida will report to Hiroki Totoki, who will be appointed President and CEO of Sony Group Corporation effective April 1, 2025.

Comment from Terushi Shimizu
“Since our establishment as an independent business entity, we have expanded our operations primarily through image sensors for smartphones. The semiconductor industry now stands at the brink of unprecedented transformation. In order to achieve further growth, we must swiftly and adaptively navigate the rapid shifts in our environment. We decided that to reach the next level of growth amidst this period of transformation, we must embrace new challenges that transcend traditional boundaries. Shinji Sashida, who take over management from me, has built up trust both inside and outside the company by engaging with the semiconductor market and customers, particularly in the mobile sector. I expect him to utilize his extensive experience and leadership to lead our group management towards a new stage.”

Comment from Shinji Sashida
“As I take on the role of President and CEO of Sony Semiconductor Solutions, I am acutely aware of the immense responsibility that it entails, especially as the market for semiconductors continues to grow as a critical resource. Throughout its history, Sony’s semiconductor business has relentlessly pursued the creation of new experiential value for users through its devices. Going forward, I intend to work together with our employees around the world under this new management structure, so that we can deliver new Kando to even more people.” 

 

View original content:https://www.prnewswire.com/news-releases/changes-to-sony-semiconductor-solutions-management-structure-302362725.html

SOURCE Sony Group Corporation

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Gen Announces Pricing of $950,000,000 of Senior Notes

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TEMPE, Ariz. and PRAGUE, Feb. 13, 2025 /PRNewswire/ — Gen Digital Inc. (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom through its family of consumer brands, announced today that it has priced $950 million aggregate principal amount of its 6.25% senior notes due 2033 (the “Notes”), which were offered in a private offering (the “Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

The offering of the Notes is expected to close on February 13, 2025, subject to customary closing conditions. We intend to use the net proceeds of this Notes Offering, together with cash on hand, to repurchase all of our outstanding 5.00% Senior Notes due 2025 (the “2025 Notes”) and pay accrued and unpaid interest thereon.

The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non-U.S. investors pursuant to Regulation S. The Notes will not be registered under the Securities Act or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release also shall not constitute an offer to purchase, a solicitation of an offer to sell, or notice of redemption with respect to the 2025 Notes. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

About Gen

Gen™ (NASDAQ: GEN) is a global company dedicated to powering Digital Freedom through its trusted Cyber Safety brands, Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner. The Gen family of consumer brands is rooted in providing safety for the first digital generations. Now, Gen empowers people to live their digital lives safely, privately, and confidently today and for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy and identity protection to nearly 500 million users in more than 150 countries. Learn more at GenDigital.com. 

Cautionary Statement Concerning Forward-Looking Statements

This press release contains forward-looking statements, which are subject to safe harbors under the Exchange Act of 1934, as amended. Forward-looking statements include statements that represent our expectations or beliefs concerning future events, including, without limitation, references to our ability to utilize our deferred tax assets, as well as statements including words such as “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “goal,” “intent,” “momentum,” “projects,” “forecast,” “outlook,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” and similar expressions. In addition, projections of our future financial performance, anticipated growth and trends in our businesses and in our industries, the consummation of or anticipated impacts of acquisitions, divestitures, restructurings, stock repurchases, financings, debt repayments and investment activities, the outcome or impact of pending litigation, claims or disputes, our intent to pay quarterly cash dividends in the future, plans for and anticipated benefits of our products and solutions, anticipated tax rates, benefits and expenses, the impact of inflation, fluctuations in foreign currency exchange rates, changes in interest rates, ongoing and new geopolitical conflicts, and other global macroeconomic factors on our operations and financial performance, the expected impact of our new strategy and other characterizations of future events or circumstances are forward-looking statements. These statements are only predictions, based on our current expectations about future events and may not prove to be accurate. We do not undertake any obligation to update these forward-looking statements to reflect events occurring or circumstances arising after the date of this press release.

Investor Relations & Media Contact

Jason Starr
Gen
IR@GenDigital.com

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SOURCE Gen Digital Inc.

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TTEC Egypt Expands with New Cairo Site, Welcomes Leading On-Demand Payment Solutions Client

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Company celebrates grand opening, driving CX innovation in the region

DENVER and CAIRO, Feb. 13, 2025 /PRNewswire/ — TTEC Holdings, Inc. (NASDAQ: TTEC), a leading global CX (customer experience) technology and services innovator for AI-enhanced CX, celebrated the grand opening of its new site in Cairo’s Maadi Technology Park last week, marking a significant expansion of its operations in Egypt. This milestone was further celebrated by the recent addition of a prominent provider of on-demand pay solutions to TTEC Egypt’s roster of key clients.

TTEC initially launched in Egypt one year ago but needed to expand to serve growing client demand. The new facility represents a major investment in the region, reinforcing TTEC’s commitment to leveraging Egypt’s skilled talent pool to deliver premium CX solutions to global clients.

“The opening of our new Cairo site marks a significant step in our expansion within Egypt’s dynamic market,” said John Abou, President of TTEC Engage. “Egypt’s multilingual workforce and strategic location make it an ideal hub for delivering world-class, AI-enhanced customer experience solutions worldwide. With the addition of our new client, we are further strengthening our commitment to providing exceptional customer experiences while creating new opportunities for local talent.”

TTEC hosted a ribbon-cutting ceremony on Feb. 5 to commemorate the site’s opening, joined by His Excellency Dr. Amr Talaat, Egypt’s Minister of Communications and Information Technology, and Ahmed Elzaher, CEO of Egypt’s Information Technology Industry Development Agency (ITIDA), along with senior TTEC executives, local stakeholders, and client representatives.

“TTEC’s expansion in Egypt underscores the country’s standing as a leading global destination and a favorite offshoring hub,” said Dr. Talaat. “The country’s advanced digital infrastructure, skilled youth, and modern business parks provide an ideal environment for growth. The government continues to develop regulations that strengthen Egypt’s ICT sector by attracting investments, creating jobs, and increasing digital exports.”

New Site, New Opportunities

The new Cairo location strengthens TTEC’s ability to provide AI-enhanced, multilingual customer experience solutions for a diverse portfolio of global clients.

Elzaher, the head of Egypt’s IT development agency, emphasized Egypt’s multilingual, skilled workforce as a key factor in attracting global companies like TTEC. He said ITIDA will continue to develop opportunities to meet the demand for high-quality, CX services, stating, “ITIDA is committed to boosting Egypt’s competitiveness and outsourcing exports by advancing local talent and creating a supportive environment.”

By expanding its footprint, TTEC aims to create additional career opportunities for Egypt’s talented workforce while delivering cutting-edge customer engagement services. TTEC is recognized worldwide for its workplace excellence and our Cairo employees recently affirmed our outstanding culture by naming TTEC Egypt a Great Place To Work®.

A New Chapter in CX Excellence

The opening of TTEC’s new site is further strengthened by the addition of a new key client to TTEC Egypt’s growing portfolio, a prominent provider of earned wage access solutions. This industry leader selected TTEC for its expertise in delivering seamless, technology-driven customer support. The partnership is expected to enhance the client’s ability to provide real-time financial solutions to customers while ensuring a superior CX experience.

To learn more about TTEC Egypt’s growth, innovation, and career opportunities, visit ttec.com/global-locations/egypt.

About TTEC
TTEC (pronounced T-TEC) Holdings, Inc. (NASDAQ: TTEC) is a leading global CX (customer experience) technology and services innovator for AI-enabled digital CX solutions. Serving iconic and disruptive brands, TTEC’s outcome-based solutions span the entire enterprise, touch every virtual interaction channel, and improve each step of the customer journey. Leveraging next-gen digital technology, the Company’s TTEC Digital business designs, builds, and operates omnichannel contact center technology, CRM, AI, and analytics solutions. The Company’s TTEC Engage business delivers AI-enhanced customer engagement, customer acquisition and growth, tech support, back office, and fraud prevention services. Founded in 1982, the Company’s singular obsession with CX excellence has earned it leading client, customer, and employee satisfaction scores across the globe. The Company’s employees operate on six continents and bring technology and humanity together to deliver happy customers and differentiated business results. To learn more visit us at https://www.ttec.com/emea 

Media Contact:
Meredith Matthews
meredith.matthews@ttec.com
+1 281-770-2566 

 

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SOURCE TTEC Holdings, Inc.

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Nukkleus Expands Its Focus on the Defense Sector, Strengthens Capital Structure as it takes Initial Steps Toward Star 26 Acquisition

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NEW YORK, Feb. 13, 2025 /PRNewswire/ — Nukkleus Inc. (NASDAQ: NUKK) continues to advance its strategic realignment toward the defense sector, announcing that it has formally submitted a preliminary proxy to the Securities and Exchange Commission with respect to the proposed acquisition of Star 26 Capital Inc.. This milestone follows the company’s strong market momentum since the announcement of the proposed Star 26 transaction, underscoring investor confidence in Nukkleus’ expansion strategy.

This move is further supported by enhanced financial flexibility, achieved through the reduction of liabilities and the termination of agreements that placed a financial burden on the company, freeing up a significant amount of capital, allowing for a more streamlined capital structure and enabling the company to allocate another $5 million more effectively toward high-growth defense assets.

Nukkleus has also submitted a Form S-1 registration statement registering for resale the shares of common stock issued or issuable in connetion with its recent  $10 million private placement which further reinforced its financial foundation for the Star 26 acquisition and future expansion.

Star 26 and Rimon: Driving Strategic Expansion

Star 26 Capital Inc. is an acquisition-focused entity designed to identify and revitalize undervalued businesses by implementing strategic restructuring and operational improvements. Star 26 focuses on creating a strategic ecosystem of interconnected companies within the defense, industrial, and technology sectors, fostering synergy and innovation across its portfolio.

As part of its core holdings, Star 26 owns a 95% stake in Rimon, a specialized supplier providing critical components for advanced military systems, including Israel’s Iron Dome. Through its restructuring expertise, Star 26 aims to enhance Rimon’s operational efficiency and market reach, allowing it to better serve defense and aerospace clients while expanding its technological capabilities.

By integrating Star 26 into its broader corporate strategy, Nukkleus is seeking to execute value-driven acquisitions in emerging markets, including defense-related technologies.

Momentum for Expansion and Additional Acquisitions

Since the initial announcement of the proposed Star 26 acquisition, Nukkleus has experienced increased investor interest, further reinforcing its commitment to scaling its acquisition strategy. In addition to finalizing this transaction, Star 26 is actively exploring additional opportunities, seeking companies that align with its turnaround-focused investment model.

Strategic Positioning for Long-Term Growth

“Star 26 represents a unique approach to acquisition and value creation,” said Menny Shalom, CEO of Nukkleus. “Rather than simply acquiring businesses, Star 26 specializes in restructuring and revitalizing companies with strong potential. With the goal of integrating Star 26 into our corporate portfolio, we are leveraging its expertise in business transformation to drive long-term growth. The additional financial flexibility we have created, combined with the new capital inflows, places us in a strong position to execute our strategy effectively.”

While we continue to take steps with the goal of obtaining shareholder approval of the Star acquisition, Nukkleus remains focused on accelerating its transformation and expanding its portfolio of high-value businesses.

About Nukkleus Inc.

Nukkleus, Inc. (NASDAQ: NUKK) is a Nasdaq company focused on innovative acquisition companies specializing in identifying, acquiring, and transforming high-potential businesses across key sectors, including defense, financial services, real estate, industrial, and technology. Focused on driving growth, innovation, and operational excellence, Nukkleus combines strategic investments with unparalleled expertise to foster collaboration and sustainable value creation. By leveraging market insights and advanced solutions, the company accelerates growth and ensures long-term success for its portfolio businesses, reshaping industries and delivering measurable returns for stakeholders.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts are “forward-looking statements” within the meaning of federal securities laws. In some cases, you can identify forward-looking statements by terminology such as “will,” “would,” “expect,” “intend,” “plan,” “objective,” or comparable terminology referencing future events, conditions or circumstances, or the negative of such terms. Although Nukkleus believes that it has a reasonable basis for the forward-looking statements contained in this press release, they are based on management’s current beliefs and expectations about future events and circumstances and are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company’s control. Risk factors described under “Risk Factors” in Nukkleus’ most recently filed annual report on Form 10-K, as updated from time to time in its quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission, may cause actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements in this press release. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Nukkleus undertakes no obligation to update any forward-looking statement contained in this press release to reflect events that occur or circumstances that exist after the date of this press release, except as required by law

For more information, please contact:

YAIR OHAYON
CMO
Email: y@nukk.com

View original content:https://www.prnewswire.com/news-releases/nukkleus-expands-its-focus-on-the-defense-sector-strengthens-capital-structure-as-it-takes-initial-steps-toward-star-26-acquisition-302376567.html

SOURCE Nukkleus Inc.

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