Members in the news

Ten Pao’s Production Base in Vietnam Has Commenced Operation Further Enhancing Its Global Production Layout
Posted: 2021-6-24

Ten Pao Group Holdings Limited (“Ten Pao”, and together with its subsidiaries, the “Group”) is pleased to announce that the production base in Vietnam, which Ten Pao invested and constructed, has officially commenced operation in the second quarter this year. This is the third self-owned production base, also the second one overseas, in addition to production bases in Hungary and in Huizhou, China. This new production base is an important foothold for the Group’s global production expansion plan, as well as for the development of new projects and potential customers. It also echoes the PRC government’s "Belt and Road" initiative by being part of the global trading strategy.

The production base locates near Ho Chi Minh City, Vietnam (South Tan Uyen Industrial Zone, Tan Uyen City, Binh Duong Province) with a total plant surface area of approximately 17,000 square meters. This plant mainly produces power supply products, such as smart chargers for smartphone, smart chargers and controllers, new energy vehicle charging piles and power adapters. The plant is equipped with a complete and mature supply chain, including research and development of the latest technologies, production, and after-sales customer services. It also has introduced a wide range of the state-of-art production lines and highly automated equipment with an aim to provide one-stop smart power supply solutions to domestic and customers in the neighbouring regions.

The official commencement of the Vietnam production base is an enhancement to Ten Pao’s global supply chain system. Locating adjacent to the major international logistics corridor, Vietnam is at the best location with transportation conveniency, benefitting Ten Pao with its operation and logistics efficiency. Vietnam has also long been welcomed by international renowned enterprises with its openness to globalisation trend. The Group’s production base will effectively meet the incremental demand in local and overseas markets, further enhancing Ten Pao’s international competitive advantage.
 
Ten Pao has been actively promoting its global expansion strategy by setting up production bases in the PRC, Hungary and Vietnam. The Group’s globalised production footprint will effectively diversify risks arising from geopolitical instability. Looking ahead, Ten Pao will maintain a sustainable growth through continuing its solid and stable operation, bringing out innovative development ideas and optimising resource allocation. To grow together with our customers, we promise to keep a close pace with our customers’ expansion, to maintain an active approach at the global expansion of production bases to agilely meet customers’ needs in different regions, as well as to provide the most convenient and prompt services for them. 
 
For more information, visit www.tenpao.com.hk/en/Home.
NetBit Electronics Makes Commitment to Only Use 100% Recyclable Packaging
Posted: 2021-5-28
NetBit Electronics (the only major power supply company that has an exclusive focus on customer premises equipment (CPE)) has made a commitment to now only use 100% recyclable bulk packaging from sustainable sources, designed to optimize shipping efficiency and to help their customers reduce C02 emissions.  
 
NetBit has already introduced a number of eco-measures for bulk packaging such as vegetable-based inks, and non-bleached kraft cardboard and replacing commonly used plastic tapes with paper-based alternatives.  
 
Moreover, NetBit is also developing new packaging designs for SUP-free transportation to meet international packaging standards. By incorporating innovative paper technologies that are easy to recycle, plastics and harmful materials used in shipping are becoming a thing of the past.  
 
NetBit has made eco-friendly measures their main priority for 2021. They have recognised the urgent need for change in the industry and have adapted the way they design, develop and deliver CPE power supplies to global OEMs and operators. 
 
Dennis Probert, NetBit Global Account Manager adds: “NetBit is excited to be leading the way on the eco-front within the CPE industry. We have a number of plans for this year and are looking forward to a greener future.” 
Powerbox (PRBX) wins Power System Product of the Year in prestigious Elektra Awards
Posted: 2021-4-8
Powerbox, one of Europe’s largest power supply companies, and for more than four decades a leading force in optimizing power solutions for demanding applications, has won the Power System Product of the Year award in the prestigious Elektra Awards held by Electronics Weekly. It is the second time in recent years that Powerbox has lifted this much revered award.
 
With its Elektra Awards, Electronics Weekly seeks to recognize the best of what the electronics industry has to offer, worldwide. The Awards recognize excellence within the global electronics industry, and has welcomed entries from manufacturers, distributors, designers, individuals, research groups and start-ups in order to accurately reflect the nature of today’s dynamic electronics industry.
 
Powerbox’s winning Elektra entry was for its OFI600A12 power supply, an ‘industry first’ power supply solution for immersed applications such as hyper loaded computing machines. It is the first commercial power supply designed to meet immersed applications specifications and guarantee the highest level of safety for system and operators. 
 
Says Chief Marketing and Communication Officer Patrick Le Fevre, “To have previously won an Elektra Award was a great honor, but now with this second win in the extremely competitive and hard fought Power System Product of the Year section, it is a dream come true. The win represents a true team effort and an excellent achievement by the whole of the Powerbox team, from design to delivery. We are delighted to receive the award.”
 
The OFI600A12 is the result of two years of research and development and has been validated by Powerbox’s R&D and quality teams as a certified platform for a new generation of power supplies for immersed applications. 
 
About the Elektra Awards
The Elektra European Electronics Industry Awards are the high point of the year for the European electronics industry. Established as the best promotional platform to celebrate the achievements of individuals and companies across Europe, they present best practice in key areas including, innovation, sales growth and employee motivation.
 
 
 
Ethisphere Announces ON Semiconductor as One of the 2021 World’s Most Ethical Companies for the Sixth Consecutive Time
Posted: 2021-2-24
ON Semiconductor continues to be recognized for its commitment to ethics, sustainability and inclusion

ON Semiconductor (Nasdaq: ON), driving energy-efficient innovations, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2021 World’s Most Ethical Companies. This is the sixth consecutive year ON Semiconductor has received the honor and is one of only three honorees in the semiconductor industry.

“ON Semiconductor is committed to engineering a better tomorrow through the actions we take every day,” said Hassane El-Khoury, president and CEO of ON Semiconductor. “As our company continues its evolution, we will focus on improving how we operate - whether it be related to our business, governance and ethics, our people, our environment or our communities.”

The company is dedicated to maintaining high ethical business standards with employees, customers, shareholders and other stakeholders. In living up to the company’s core values, the actions of every employee reflect an individual and collective effort to create an ethical work environment for their co-workers and business partners, driving further shareholder value.

“While addressing the tough challenges of 2020, we saw companies lead – above all other institutions – on earning the trust of stakeholders through resilience and a commitment to ethics and integrity,” said Ethisphere CEO, Timothy Erblich. “The World’s Most Ethical Companies honorees continue to demonstrate an unwavering commitment to the highest values and positively impacting the communities they serve. Congratulations to everyone at ON Semiconductor for earning the World’s Most Ethical Companies designation for a sixth year in a row!”

WME Methodology & Scoring

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe. This year, the process was streamlined and the question set expanded to gauge how applicants are adapting and responding to the global health pandemic, environmental, social, and governance factors, safety, equity, and inclusion and social justice.

“Our company continues its commitment to ethical, energy efficient operations. They truly are the cornerstone of a successful business, guiding far-reaching decisions that affect shareholders, customers, suppliers and employees,” said Jean Chong, vice president, ethics and corporate social responsibility (CSR) at ON Semiconductor. “Demonstrating our core values of respect, integrity, and initiative in a variety of ways during an extremely challenging year shows how we remain deeply dedicated to positively impacting our employees and the communities in which we operate.”

The foundation of ON Semiconductor continues to be rooted in environmentally sustainable operations, ethical business practices and a culture of inclusion. A full member of the Responsible Business Alliance, ON Semiconductor has been recognized as one of Barron’s 100 Most Sustainable Companies for the past four years, moving up to No. 10 most recently, making it the highest-ranking semiconductor company on the list. In 2020, ON Semiconductor also received the highest level recognition, platinum, from EcoVadis, a leading platform for environmental, social and ethics performance ratings for global supply chains, placing us in the Top 1% of companies assessed and was awarded Most Sustainable Company in 2020 in the semiconductor industry by World Finance. Download the company’s most recent Corporate Social Responsibility Report.

More information about Ethisphere can be found at: https://ethisphere.com.

ON Semiconductor Named to Dow Jones Sustainability Index for Third Year in a Row
Posted: 2020-12-1
Company continues to encourage ethical, sustainable and responsible business practices

ON Semiconductor, energy efficient innovations, has been included in the Dow Jones Sustainability Indices (DJSI) North America Index, recognizing companies with sustainable business practices. This is the third time the company has been included in the index.

The Dow Jones Sustainability Indices, jointly calculated by Standard & Poor’s Dow Jones Indices and Switzerland-based RobecoSAM, selects companies for their excellent sustainability through the assessment of numerous criteria such as corporate governance, customer relations, environmental policy, working conditions and social initiatives. The indices serve as benchmarks for those investors that seek to integrate sustainability considerations into their portfolios.

“As our company grows, we not only continue our investment in our infrastructure, scale, technology and talent, but also in our Corporate Social Responsibility (CSR) efforts,” said Jean Chong, vice president of ethics and corporate social responsibility at ON Semiconductor. “This honor is a testament to our commitment to drive our diversity, social and human rights, ethics, and sustainability programs to new levels and differentiate ourselves within the semiconductor industry.”

“Our core values of respect, integrity and initiative guide every business decision and allow us to maintain the highest levels of trust from our customers and partners,” said Theresa Haywood-McCarley, senior director of corporate social responsibility at ON Semiconductor. “As sustainability becomes a much bigger focus for investors, this is an important designation for us in the global marketplace. It is important to our organization that we do our part as individuals to enhance our global community and engineer a better tomorrow through the actions we take today.“

“We congratulate ON Semiconductor for being included in the DJSI North America Index. A DJSI distinction is a reflection of being a sustainability leader in your industry,” said Manjit Jus, global head of ESG research and data at S&P Global. “With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets your company apart and rewards your continued commitment to people and planet."

ON Semiconductor continues to be recognized for its commitment to environmentally sustainable operations and ethical business practices. A Full member of the Responsible Business Alliance, ON Semiconductor has been recognized as one of the World’s Most Ethical Companies® five years in a row as well as being named Barron’s 100 “Most Sustainable Companies” in 2017 and 2018 and 2019. In 2019 we also received their highest level recognition, gold, from EcoVadis, a leading platform for environmental, social and ethics performance ratings for global supply chains, as well as being awarded Most Sustainable Company in 2020 in the semiconductor industry by World Finance. Click here to download the company’s most recent Corporate Social Responsibility Report.

SUBARU Selects ON Semiconductor Image Sensing Technology for its New-Generation EyeSight® Driver Assist Platform
Posted: 2020-9-22
ON Semiconductor and SUBARU redefine leading-edge ADAS capability with new machine vision algorithms and sensing technology

ON Semiconductor, driving energy efficient innovations, has announced that SUBARU CORPORATION has selected its image sensing technology to enable camera-based ADAS (Advanced Driver Assistance Systems) in the car manufacturer's new-generation EyeSight Driver Assist platform. The Levorg, a 2020 All-Wheel Drive Sports Tourer, is the first model to offer the new system.

Winner of numerous safety awards, SUBARU’s EyeSight is one of the most well established and widely deployed vision-based ADAS solutions in the market. The new generation continues the stereo camera architecture, providing a range of ADAS features including adaptive cruise control, lane keep assist and pre-collision braking system. As with previous versions of EyeSight, ON Semiconductor's image sensing technology acts as the ‘eyes’ to enable this important safety functionality. The new-generation Eyesight, recently announced in the Japan market, provides additional features such as active lane change assist and an emergency driver stop system.

"We have teamed with ON Semiconductor for every generation of the EyeSight ADAS system and continue to adopt its image sensing technology optimized for image recognition performance in automotive applications with higher resolution," explained Eiji Shibata, general manager, EyeSight development project at SUBARU. “Our engineering partnership and technical collaboration on this system are vital to achieving our shared vision of improving safety and achieving ZERO traffic fatalities in the near future.”

“Next-generation vehicles require several different kinds of sensors, including LiDAR, radar, and cameras, comprising the vehicle’s ADAS. These sensors gather data and feed it into a much larger processor (or set of processors) capable of making real-time decisions about what’s happening outside and inside the vehicle, and how the vehicle should respond,” stated Patrick Moorhead, founder, president and principal analyst at Moor Insights & Strategy. “I believe ON Semiconductor’s market leading position and proven track record of more than 50 years in the automotive market, coupled with a focus on safety and quality, a global support structure and roadmap featuring all sensor modalities makes them a compelling choice for any OEM or Tier 1 automotive manufacturer.”

As the global market leader in automotive image sensing technology, ON Semiconductor has shipped over 120 million image sensors into ADAS applications, and the company continues to innovate to meet the demand for future ADAS and autonomous driving systems. The company’s image sensing technology provides the resolution and frame rates that enable automotive camera systems to perform at optimal levels; the High Dynamic Range and flexible exposure ratio control required to ensure performance in all natural lighting conditions; and LED flicker mitigation to prevent interference from artificial light sources.

"SUBARU's high quality standards and commitment to road safety make their choice of our technologies a powerful endorsement," commented Ross Jatou, vice president and general manager of Automotive Solutions, Intelligent Sensing Group at ON Semiconductor. "We are thrilled to continue to collaborate with them and together save lives with safer roads from ADAS and autonomous vehicles."

TDK Lambda's Power Supply Technical Center Certified to ISO 13485 – The First Ever in Japan, Bringing the Group Total to Five Locations
Posted: 2020-7-13

TDK Corporation is pleased to announce that TDK-Lambda Japan received ISO 13485:2016 Medical Devices - Quality Management System - certification for the TDK-Lambda Nagaoka Technical Center (Nagaoka City, Niigata Prefecture, Japan).  This is the first time a standard switching power supply manufacturer in Japan has received ISO 13485 certification and brings the group total to five locations.

The scope of this latest registration covers the Design/Development, Manufacturing and Servicing Activities (Analysis, Repair and Overhaul for Field Returns) of Components (Switching Power Supply) for Active Medical Devices.  Now, five of TDK-Lambda’s major development, design and production sites in Japan, the United Kingdom, the United States of America, China, and Malaysia have been certified.  This enhances the Group’s capability to provide products and services to the global medical device market.

TDK-Lambda has focused on the medical device market, developing a large portfolio of medically certified products to the international IEC 60601-1 standard.  Adopting ISO 13485 provides a practical foundation for manufacturers to address the Medical Device Directives, regulations and responsibilities.  It demonstrates a commitment to the safety and quality of medical devices.

More information about TDK-Lambda power supplies can be obtained from the TDK-Lambda Americas website at www.us.lambda.tdk.com.
 

Transphorm Inc. Raises $21 Million and Completes Reverse Merger
Posted: 2020-3-3
Leader in GaN High Voltage Power Devices Successfully Closes Merger and Completes Financing to Advance its GaN Power Conversion Business

Transphorm, Inc., a pioneer in the development and manufacturing of high reliability-high performance gallium nitride (GaN) semiconductors for power conversion, announced today it raised $21.5 million in a private placement equity financing. Prior to the financing, Transphorm Technology, Inc. (“Transphorm”) completed a reverse merger with Peninsula Acquisition Corporation (“Peninsula”), a public Delaware corporation, whereby Transphorm became a wholly owned subsidiary of Peninsula. Following the merger, Peninsula changed its name to Transphorm, Inc., and will continue the historical business of Transphorm. Previous members of Transphorm’s Board of Directors, David Kerko, Eiji Yatagawa, Brittany Bagley, Mario Rivas and Dr. Umesh Mishra will remain as directors of the Company.

With its leading technology position, Transphorm has developed, and is in the market with, multiple families of products that are the building blocks for an array of power converter and inverter systems. Transphorm’s GaN products switch much faster than traditional silicon-based solutions and provide higher efficiency with increased system power density while enabling system size reduction. Transphorm has a proven track record of high quality, high reliability (Q+RTM) solutions as well as a series-of-firsts including the first JEDEC and Automotive (AEC-Q101) qualification of high voltage GaN devices. It’s robust GaN platform makes GaN products easy to use and integrate in systems with standard drive electronics.

Given the clear advantages of GaN, Transphorm has begun to see meaningful customer adoption in power adapters/fast chargers, power supplies for data-centers, communication infrastructure and broad industrial applications. In addition, Transphorm continues to see heightened interest from automotive EV suppliers for chargers, converters and inverters. This is in-line with the ongoing overall adoption of GaN solutions in power conversion applications which, per the Company’s analysis, amounts to an accessible Total Available Market for GaN (GaN TAM) of approximately $3.1 billion in 2024. Factoring in GaN market adoption rates, market research firm Yole Développement (“Yole”) predicts robust growth and that GaN power device revenues may approach $400 million by 2023.

“We are thrilled to announce this new equity financing which will support and accelerate our product development, manufacturing, and sales for our GaN power solutions,” said Mario Rivas, CEO. Mr. Rivas continued, “We believe the success of this financing demonstrates confidence and support in Transphorm’s team, technology and products by both our current partners as well as our new investors.”

“Our core capabilities in GaN epitaxy, design, process and circuit applications have positioned us well to innovate and address the power conversion systems needs of our customers,” said Dr. Primit Parikh, Co-founder and COO. “We have created an integrated device model and developed highly reliable, high performance GaN device technology, as well as amassed one of the largest intellectual property portfolios in the GaN power industry,” Dr. Parikh added.

According to external patent reports from KnowMade, a specialist in the research and development of scientific and patent information, “Transphorm today has the dream patent portfolio for all those who want to benefit from strategic advantages in the GaN power electronics market.”  

The financing was led by existing investors including an affiliate of Kohlberg Kravis Roberts & Co. L.P. (“KKR”), a new strategic investor, Marelli, and new prominent institutional investors. B. Riley FBR, Inc. (member FINRA/SIPC) was the lead placement agent and Craig-Hallum Capital Group LLC was the co-placement agent. Montrose Capital Partners was the sponsor for this transaction.

The securities issued in the merger and sold in the private placement have not been registered under the Securities Act of 1933 and may not be resold absent registration under, or exemption from registration under, such Act.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
 

ON Semiconductor Named One of the 2020 World’s Most Ethical Companies® by Ethisphere for the Fifth Time
Posted: 2020-2-25
Recognition honors those companies that take the long view with a purpose-based strategy and strive to create positive change throughout their global communities.

ON Semiconductor, driving energy efficient innovations, today announces that it has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World’s Most Ethical Companies.

“Our employees’ dedication to maintaining a strong culture of compliance and ethics allows us to differentiate ourselves within the semiconductor industry,” said Jean Chong, vice president, ethics and corporate social responsibility at ON Semiconductor. “Our core values of respect, integrity and initiative guide every business decision and allow us to maintain the highest levels of trust from our customers and partners.”

In 2020, 132 honorees were recognized spanning 21 countries and 51 industries. The fourteenth class of honorees profoundly illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose.

“Ethical business practices is part of the corporate culture – going beyond simply meeting legal and regulatory standards, and demonstrating the power of aligning business objectives with doing the right thing,” said Tobin Cookman, senior vice president, human resources at ON Semiconductor. “Every employee is encouraged to talk about ethics, raise concerns and share their experience while also being recognized for their extraordinary commitments. As our company continues to grow our employees commitment to our core cause assures an ethical culture throughout our global operations.”

ON Semiconductor has been recognized for five consecutive years and is one of only four honorees in the Electronics & Semiconductors industry, underscoring its commitment to leading with integrity and prioritizing ethical business practices. In addition to this, ON Semiconductor was recognized in 2019 as a Fortune 500 company, and was most recent recognized as both one of Barron’s 100 Most Sustainable Companies and on Newsweek’s America’s Most Responsible Companies 2020 list.

ON Semiconductor attributes this prestigious recognition to its longstanding and active pursuit of the total alignment of all business objectives with exercising the utmost care and commitment to ethical stewardship, across the entire organization of more than 35,000 employees in 34 countries. Starting with the CEO and the chief compliance and ethics officer, spanning to the executive leadership team and to every employee, the principles of compliance, ethics and corporate social responsibility are role-modeled from the top and instilled in each employee, in accordance with ON Semiconductor’s core values of respect, integrity and initiative. A strong foundation in compliance and ethics stemming from the company’s board of directors that is echoed throughout an organization, results in trust from customers and partners, who count on the company to be honest and equitable regardless of macroeconomic factors.

“Congratulations to everyone at ON Semiconductor for earning this recognition,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “This is a moment to acknowledge the leaders working to advance corporate cultures defined by integrity and affirm those companies contributing to broader societal imperatives and the greater good.”

Ethics & Performance

Ethisphere’s research supports the conclusion that ethics and financial performance go hand-in-hand. Our annual practice of tracking how the stock prices of publicly traded honorees compare to the Large Cap Index found that listed 2020 World’s Most Ethical Companies outperformed the large cap sector over five years by 13.5 percent. This “Ethics Premium” forms the basis upon which companies can correlate responsible behavior with shareholder value.

Methodology & Scoring

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe. Best practices and insights from the 2020 honorees will be released in a report and webcast in March and April of this year.

All companies that participate in the assessment process receive an Analytical Scorecard providing them a holistic assessment of where their programs stand against the demanding standards of leading companies.

Honorees

The full list of the 2020 World's Most Ethical Companies can be found at  https://worldsmostethicalcompanies.com/honorees.

Site Design: David Fogle Design

Contact us:   Tel: (973) 543-9660   power@psma.com
P.O. Box 418, Mendham, NJ 07945-0418
© 2021Power Sources Manufacturers Association.