BEIJING, May 14, 2025 /PRNewswire/ — Chinese President Xi Jinping met respectively with Colombian President Gustavo Petro and Chilean President Gabriel Boric on Wednesday, who are in Beijing for the fourth ministerial meeting of the China-CELAC (the Community of Latin American and Caribbean States) Forum.

When meeting with his Colombian counterpart Gustavo Petro, Xi said China and Colombia should take the latter’s formal accession to the Belt and Road Initiative (BRI) as an opportunity to upgrade bilateral cooperation, according to the Xinhua News Agency.

After their meeting, the two heads of state witnessed the signing of a cooperation plan between the two governments on jointly building the Silk Road Economic Belt and the 21st-Century Maritime Silk Road.

Noting Colombia’s significance in Latin America, Xi said China has always regarded its relations with the country from a strategic and long-term perspective.

“This year marks the 45th anniversary of the establishment of diplomatic relations between China and Colombia. Standing at a new historical starting point, China is willing to make joint efforts with Colombia to advance our strategic partnership and bring more benefits to the two peoples,” Xi said, per Xinhua.

The successful holding of the fourth ministerial meeting of the China-CELAC Forum has sent a positive signal to the world for seeking shared development and revitalization, Xi said, hailing the contribution of Colombia to the meeting as the CELAC rotating chair.

China is willing to work with Colombia and other LAC countries to continuously promote the building of a community with a shared future, Xi said.

Petro said Colombia looks forward to further boosting ties with China, and that both sides should deepen political mutual trust and enhance mutual support. He called on both sides to work on the BRI, expand cooperation in areas such as trade, infrastructure, new energy and AI, and improve people’s lives, according to Xinhua.

Noting that the international situation is complex and volatile, Petro said the practices adopted by some countries to pursue unilateral gains are not conducive to the world, and all countries should stand together to respond.

Noting that this year marks the 55th anniversary of the establishment of diplomatic relations between China and Chile, Xi told Chilean leader Boric that the two countries should constantly enrich the connotation of their comprehensive strategic partnership, create a model of common development between China and Latin American countries, set a stellar example of South-South cooperation, and jointly promote the cause of peace and progress for humanity, per Xinhua.

Xi said China is willing to work with Chile to consolidate political mutual trust, enhance exchanges of experience in governance, firmly support each other on issues concerning their core interests and major concerns, and safeguard each other’s sovereignty, security and development interests.

Xi called on the two countries to implement the Belt and Road cooperation plan, deepen cooperation on agriculture, forestry, animal husbandry and fisheries, industrial investment, infrastructure and green minerals, and cultivate new growth points in astronomy, polar regions, artificial intelligence, biomedicine and the digital economy.

Noting that China has become Chile’s most important trading partner, Boric said that bilateral cooperation has benefited the two peoples, according to Xinhua.

He said Chile will firmly adhere to the one-China principle, and that it is ready to expand cooperation with China on trade, investment and artificial intelligence, jointly advance high-quality Belt and Road cooperation, and strengthen people-to-people and cultural exchanges.

On Tuesday, Xi also held talks with Brazilian President Luiz Inacio Lula da Silva in Beijing.

At the Great Hall of the People, Xi and Lula witnessed the signing of 20 cooperation documents covering the fields of development strategy alignment, science and technology, agriculture, digital economy, finance, inspection and quarantine, and media.

The fourth ministerial meeting of the China-CELAC Forum was held in Beijing on Tuesday. The meeting adopted the Beijing declaration and the China-CELAC joint action plan for cooperation in key areas (2025-2027).   

Diversified cooperation

At the press conference on Wednesday, Lula said that the Beijing Declaration is an inspiration for developing countries in Latin America and the Caribbean.

The Beijing Declaration brings hope. It shows that economically strong countries like China are thinking about how to contribute to the development of the poorest countries, Lula said.

Posting a video of the signing of cooperation plan on BRI on social media platform X on Wednesday, Petro wrote that “the history of our foreign relations is changing.”

“From now on, Colombia will interact with the entire world on a footing of equality and freedom,” he wrote.

Deepened cooperation between China and CELAC members at the forum sends an important signal to countries in the Global South that their collaboration can obtain opportunities for diversified development through the Chinese market, Yin Zhiguang, a professor in international politics at Fudan University, told the Global Times.

Equal partnership

China does not demand reforms, nor cuts to rights, nor privatizations in exchange for investments, but only advocates cooperation and partnership. That is why the Beijing Declaration could be the new milestone in the economic and diplomatic orientation of Latin America in the 21st century, wrote Leonardo Attuch, founder and CEO of Brasil 247, a Brazilian news and political analysis website.

The forum reflects China’s consistent support for the cause of the Global South, which is to promote an international order that is more equal, just and free from the dominance and interference of major powers, said Yin, pointing out that the slew of outcome documents indicate that great power politics is not the only option – multilateral cooperation, consultation, and mutual assistance is also a model of global governance.

View original content:https://www.prnewswire.com/news-releases/global-times-xi-hails-china-lac-cooperation-in-meetings-with-colombian-chilean-presidents-302456102.html

SOURCE Global Times

Event will showcase the innovative potential of AI and highlight in-depth applications for Getac’s powerful AI-ready solutions across a range of industries

TAIPEI, May 15, 2025 /PRNewswire/ — Getac Technology Corporation (Getac), a leading provider of rugged computing and mobile video solutions, today announced that the 2025 Getac Innovation Day is taking place in Taipei on 22nd May. Combining the event with Computex Taipei, Getac is inviting global ICT and supply chain partners to experience the innovative potential of AI across a wide range of industries and rugged use cases.

The event will feature four exhibition areas: Getac’s AI PC Series, Utilities AI Solutions, Manufacturing AI Solutions, and Public Safety AI Solutions. Each area will showcase how to achieve cost-efficiencies, optimise workflows, and improve decision-making using rugged AI solutions, creating new possibilities for industries facing challenging operating environments.

Unveiling the Getac B360 Plus: The world’s first fully rugged Copilot+ PC

A key highlight of the event will be the unveiling of Getac’s first Copilot+ PC, a fully rugged laptop: the Getac B360 Plus. Boasting the latest Windows AI technology, this powerful new device – which is expected to be available in the third quarter of 2025 – will extend Getac’s popular B360 and B360 Pro lineup, designed for professionals working in industries such as defence, utilities, public safety, and manufacturing.

Featuring a Neural Processing Unit (NPU) capable of up to 48 trillion operations per second (TOPS), the B360 Plus offers exceptional AI performance, enabling users to excel in extreme work environments and high-pressure scenarios.

The AI PC Series exhibition area will also include Getac’s S510 rugged laptop and ZX80 fully rugged Android tablet, both of which combine powerful AI-ready processing capabilities with lightweight, sustainable design. By expanding its AI solution lineup with the launch of the B360 Plus, Getac continues to meet the diverse needs of customers around the world, helping them solve challenges and achieve their operational objectives.

Each AI Solution exhibition area will highlight real-world use cases that demonstrate how AI can help organisations across the utilities, public safety and manufacturing industries achieve their digital transformation goals, even in high-risk, high-demand environments.

Utilities AI Solutions: Optimising on-site service and operational safety

Rugged AI-ready devices equipped with image recognition solutions allow industry professionals to conduct real-time inspections, detect anomalies, and predict potential equipment failures in the field, preventing unplanned downtime and improving service stability.

As part of the event, Getac will also showcase its fully rugged remote expert solution: Getac Assist. This innovative solution enables technicians in the field to collaborate with experts around the world in real-time via video, share screens and mark issues, helping to solve maintenance or inspection problems quickly and efficiently.

Manufacturing AI Solutions: Improving industrial safety and compliance

Manufacturing organisations can remotely monitor their factory environments in real-time through a combination of edge computing technology and image recognition AI solutions. Doing so enables them to identify worker safety issues, compliance breaches and potential maintenance concerns at the earliest opportunity, helping cut maintenance costs and reduce risk.

Public Safety AI Solutions: Boosting mobile law enforcement efficiency

Public safety organisations can utilise Getac’s AI-ready devices, body-worn cameras, GIS positioning applications, AI analytics, and more to improve response speeds and aid decision making under pressure, helping to mitigate incidents before they escalate.

Visitors to the Public Safety AI Solutions exhibition area will also be able to see live demonstrations of Getac Voice, which heightens operational efficiency and safety with voice-to-text and voice-to-command capabilities powered by Edge AI.

Corporate Value Proposition: AI innovation fuels our customers’ future competitiveness

“The development of AI technology requires cross-industry cooperation. By combining our powerful rugged technology with core customer resources, we and our partners can jointly create innovative solutions for today’s industry needs. In the future, we will focus on developing the Edge AI ecosystem, continue to invest in software and data applications, comprehensively improve the intelligence and future competitiveness of the industry, and create more efficient and reliable value for customers,” says James Hwang, President of Getac Technology Corporation.

Getac Innovation Day is an invitation-only event. To learn more about Getac AI solutions, interested companies and partners are encouraged to register via this link.

About Getac

Getac Technology Corporation is a global leader in AI-capable rugged mobile technology and intelligent video solutions, including laptops, tablets, software, body-worn cameras, in-car video systems, digital evidence management and enterprise video analytics solutions. Getac’s solutions and services are designed to enable extraordinary experiences for frontline workers in challenging environments. Today, Getac serves customers in over 100 countries spanning defence, public safety, ambulance, fire & rescue, utilities, automotive, natural resources, manufacturing, transport, and logistics. Getac was recently recognized as one of Newsweek’s “World’s Most Trustworthy Companies” for 2024. For more information, visit: http://www.getac.com. Participate in the Getac Industry blog or follow the company on LinkedIn and YouTube.

Getac and Getac logo are trademarks of Getac Holdings Corporation or its affiliates. Other brands or trademarks are the property of their respective owners. ©2025 Getac Technology Corporation.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/getac-technology-corporation-to-unveil-worlds-first-rugged-copilot-pc-at-getac-innovation-day-2025-in-taipei-302451431.html

SOURCE Getac Technology Corporation

CAMBRIDGE, Mass., May 14, 2025 /PRNewswire/ — Akamai Technologies, Inc. (NASDAQ: AKAM) (“Akamai”), the cybersecurity and cloud computing company that powers and protects business online, today announced that it has priced its private offering of $1.5 billion in aggregate principal amount of convertible senior notes due 2033. The notes will be sold only to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, Akamai has granted the initial purchasers of the notes an option to purchase up to an additional $225.0 million in aggregate principal amount of notes on the same terms and conditions. The sale of the notes is expected to close on May 19, 2025, subject to customary closing conditions. The offering was upsized from the previously announced offering of $1.35 billion aggregate principal amount of convertible senior notes.

The notes will be senior unsecured obligations of Akamai and will mature on May 15, 2033, unless earlier converted or repurchased in accordance with their terms. The notes will bear interest at a rate of 0.25% per year, payable semiannually in arrears on May 15 and November 15 of each year, beginning on November 15, 2025. The notes will be convertible prior to the close of business on the business day immediately preceding January 15, 2033 only under certain circumstances and will be convertible thereafter at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date regardless of these circumstances. Upon conversion, Akamai will pay cash up to the aggregate principal amount of the notes to be converted and pay or deliver, as the case may be, cash, shares of its common stock or a combination of cash and shares of common stock, at Akamai’s election, in respect of the remainder, if any, of Akamai’s conversion obligation in excess of the aggregate principal amount of the notes being converted. The conversion rate will initially be 10.7513 shares of Akamai’s common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $93.01 per share of Akamai’s common stock, subject to adjustments in certain events. The initial conversion price represents a premium of approximately 20% to the $77.51 per share closing price of Akamai’s common stock on May 14, 2025. 

Akamai estimates that the net proceeds from this offering will be approximately $1,479.1 million (or approximately $1,701.3 million if the initial purchasers exercise their option to purchase additional notes in full), after deducting the initial purchasers’ discounts and estimated offering expenses payable by Akamai. 

Subject to costs and expenses related to the convertible note hedge and warrant transactions and share repurchases described below, Akamai intends to use the remaining net proceeds from the offering to repay approximately $250.0 million in borrowings outstanding under its five-year senior unsecured revolving credit facility and repay at maturity a portion of its $1.15 billion outstanding aggregate principal amount of 0.375% Convertible Senior Notes due 2027, which mature on September 1, 2027, and/or to pay cash amounts due upon any earlier conversion thereof.

Akamai intends to use $239.1 million of the net proceeds from this offering to pay the cost of the convertible note hedge transactions described below (after such cost is partially offset by the proceeds to Akamai from the sale of warrants pursuant to the warrant transactions described below). If the initial purchasers exercise their option to purchase additional notes, Akamai expects to sell additional warrants to one or more of the initial purchasers and/or their respective affiliates and/or other financial institutions (the “Option Counterparties”) and use a portion of the net proceeds from the sale of such additional notes, together with the proceeds from the additional warrant transactions, to enter into additional convertible note hedge transactions with the Option Counterparties.

Akamai also intends to use approximately $300.0 million of the net proceeds from the offering to repurchase shares of its common stock from purchasers of the notes in the offering in privately-negotiated transactions effected through one or more of the initial purchasers or their affiliates. The purchase price per share in such transactions will equal $77.51, the closing price per share of Akamai’s common stock on May 14, 2025. 

Holders may require Akamai to repurchase for cash all or any portion of their notes on May 15, 2031 (the “optional repurchase date”), if the last reported sale price of Akamai’s common stock on the trading day immediately preceding the business day immediately preceding the optional repurchase date is less than the conversion price, at an optional repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the optional repurchase date. In addition, if Akamai undergoes a fundamental change prior to the maturity date of the notes, subject to certain conditions and limited exceptions, holders may require Akamai to repurchase for cash all or any portion of their notes at a fundamental change repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date.

In connection with the pricing of the notes, Akamai entered into convertible note hedge transactions and warrant transactions with the Option Counterparties. The convertible note hedge transactions will cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the same number of shares of Akamai’s common stock that will initially underlie the notes, including any notes purchased by the initial purchasers pursuant to their option to purchase additional notes. The convertible note hedge transactions are expected generally to reduce the potential dilution with respect to Akamai’s common stock upon conversion of the notes and/or to offset any cash payments Akamai is required to make in excess of the principal amount of converted notes, as the case may be. The warrants will cover, subject to customary anti-dilution adjustments, the same number of shares of Akamai’s common stock. The warrant transactions could separately have a dilutive effect with respect to Akamai’s common stock to the extent that the market price per share of Akamai’s common stock exceeds the strike price of the warrants, unless Akamai elects, subject to certain conditions, to settle the warrants in cash.

In connection with establishing their initial hedge of the convertible note hedge and warrant transactions, the Option Counterparties and/or their respective affiliates expect to purchase shares of Akamai’s common stock and/or enter into various derivative transactions with respect to Akamai’s common stock concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Akamai’s common stock or the notes at that time. In addition, the Option Counterparties and/or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Akamai’s common stock and/or purchasing or selling Akamai’s common stock or other securities of Akamai in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so during any observation period related to a conversion of the notes or following any repurchase of the notes by Akamai). This activity could also cause or avoid an increase or a decrease in the market price of Akamai’s common stock or the notes, which could affect the ability of holders to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of the notes, it could affect the amount and value of the consideration that holders receive upon conversion of the notes. 

This press release is being issued pursuant to Rule 135c under the Securities Act and shall not constitute an offer to sell nor a solicitation of an offer to buy any of these securities (including the shares of Akamai’s common stock, if any, issuable upon conversion of the notes). Any offer of notes was and will be made only by means of a private offering memorandum. The notes and the common stock issuable upon conversion of the notes, if any, have not been and will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. 

The release contains information about future expectations, plans and prospects of Akamai’s management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995, including statements with respect to Akamai’s expectations to complete the offering of the notes, its use of proceeds from the offering and the effect of the concurrent stock repurchase and the convertible note hedge and warrant transactions. There can be no assurance that Akamai will be able to complete the notes offering on the anticipated terms, or at all. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the terms of the notes and the offering, risks and uncertainties related to whether or not Akamai will consummate the offering, the impact of general economic, industry, market or political conditions and other factors that are discussed in Akamai’s Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.

In addition, the statements in this press release represent Akamai’s expectations and beliefs as of the date of this press release. Akamai anticipates that subsequent events and developments may cause these expectations and beliefs to change. However, while Akamai may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Akamai’s expectations or beliefs as of any date subsequent to the date of this press release.

About Akamai 

Akamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense-in-depth to safeguard enterprise data and applications everywhere. Akamai’s full-stack cloud computing solutions deliver performance and affordability on the world’s most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow their business with confidence.

View original content to download multimedia:https://www.prnewswire.com/news-releases/akamai-announces-pricing-of-upsized-offering-of-convertible-senior-notes-302456038.html

SOURCE Akamai Technologies, Inc.