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Foxconn Industrial Internet (Fii) Named One of 50 Smartest Companies in Year 2019 by “MIT Technology Review”

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Foxconn Industrial Internet (Fii), a leading intelligent manufacturing service and solution provider, has been named by MIT Technology Review as one of the world’s top 50 smartest companies (MIT TR50) along with other global innovation pioneers including Microsoft, Qualcomm, Tencent and Tesla.

The members of TR50 list have been reckoned as” Best Innovative Technology Companies with An Effective Business Model.” MIT Technology Review has ranked of “50 Smartest Companies” among high-tech companies around the world based on their outstanding innovation and technological breakthroughs for nine consecutive years.

MIT Technology Review explained that “Fii has developed Fog AI, a human hindbrain model-based smart technological pivot specially used in manufacturing. Taking its application in SMT assembly as an example, it can help reduce production costs by over 60 percent through real-time prediction, monitoring and accurate control over the manufacturing process, by integrating software analysis, collecting data via sensors and building data models.

Recently, Fii announced the launch of a new cloud-based service solution for the manufacturing sector, Micro Cloud, on its first anniversary of its public listing in Shanghai on June 29, while setting the goal of fueling the smart transformation of the manufacturing sector by delivering fully integrated intelligent manufacturing solutions.

“Micro Cloud is a solution and application platform based on Foxconn’s 45 years of manufacturing experience as well as one that is centered around specific issues facing the manufacturing sector,” said Fii deputy chairman Jay Lee. “In the past, the manufacturing sector had been hindered by the fragmentation of the production, management and operation of manufacturing facilities and the lack of integrated solutions. This platform is designed to transform the landscape of the sector by providing intelligent manufacturing facilities with ‘process engines’, allowing customers to improve product quality, reduce production costs and accelerate delivery of products in an environment where no materials would be wasted.”

Taking computer numerical control (CNC) machines as an illustration: to address the issues associated with CNC machines, including lack of visualization, process feedback, warnings when abnormalities appear in the production process and science-based decision-making, Fii CNC cloud assists administrators in making decisions and adjusting parameters in time based on the results from data acquisition and analysis as well as from algorithm-based analysis in addition to providing connections to devices and visualized management, among other features, with the aim to maximize the performance of manufacturing equipment and maintain a high level of sustainability.

“With over 1,800 surface mount technology (SMT) production lines and 175,000 CNC machines as well as extensive experience and advanced technologies, Foxconn creates standardized and systematic intelligent manufacturing solutions through the industrial internet,” Jay Lee underlined.

With the launch of Micro Cloud, Fii revealed its fully integrated ecosystem strategy. At the invitation of the company, 30 partner companies attended the summit held in Shanghai meant to commemorate the first anniversary of the company’s public listing in the A-share market. At the event, the company unveiled the Fii Smart Manufacturing Ecosystem together with its participating partners.

To build Fii’s Manufacturing Ecosystem, it’s dedicated to create an industrial internet platform by leveraging equipment, tools and materials as well as industry-grade software, big data and artificial intelligence while integrating innovative resources from its partners, including cutting-edge technologies, solutions and research outcomes. The aim is to build a complete Micro Cloud ecosystem that can address all issues throughout the manufacturing process and to deliver easy-to-use, out-of-the-box, sophisticated intelligent solutions for promoting the intelligent transformation and upgrade of the manufacturing sector. By doing so, Fii’s Smart Manufacturing Ecosystem will enable industry-wide upgrades by providing all manufacturers with a one-stop digital intelligent solution.

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“The company has been committed to providing the global manufacturing sector with the best path to intelligent transformation by delivering integrated innovative models and fully integrated solutions”, stated Fii CEO Brand Cheng.

In addition, Fii’s developing result in smart manufacturing has been highly recognized by World Economic Forum (WEF). Fii’s lights-out factory was shortlisted as one of WEF’s 16 “Global Manufacturing Lighthouse Factories” network in January 2019. This title aims to honor the advanced manufacturing facilities that have taken the lead in the global manufacturing sector by delivering outstanding performance in terms of the application and integration of cutting-edge technologies that have emerged during the fourth industrial revolution.

 

SOURCE Foxconn Industrial Internet

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FXGiants Online Trading Platform Launches Bonus Initiative to Reward Traders

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HAMILTON, Bermuda, Dec. 19, 2024 /PRNewswire/ — FXGiants has recently launched a series of exciting bonuses. Participants on the FXGiants online trading platform can now amplify their trading potential with a broad spectrum of bonuses that are tailored to fit different trading needs. These bonuses not only add extra value but also act as a safety net for traders to explore the financial markets without risking too much.

“Our goal with these deposit bonus options is to empower traders of all levels,” said Christopher Oates, the spokesperson for FXGiants. “Under this scheme, we have diverse categories, including Bonus Maximiser, Booster Bonus, and the Bonus Advantage. These bonuses are designed to provide flexibility to clients as they trade on the FXGiants online trading platform.”

Exploring the FXGiants Bonus Options

The bonus options at FXGiants come with versatile advantages. The Bonus Maximiser provides a full 100% boost on all deposits without limit, whereas the Booster Bonus offers a 40% bonus on all deposits up to $4,000 for traders who want to moderately enhance their capital. On the other hand, the Bonus Advantage provides a 60% bonus on deposits up to $5,000, giving traders a better handle on risk. These bonuses enhance the trading experience on the FXGiants online trading platform.

“At FXGiants, we are committed to a trading environment that meets the evolving needs of our clients,” Oates added. “Our online trading platform is a robust ecosystem designed to support traders with advanced execution, extensive market insights, and continuous improvements. As we move forward, we will keep expanding our offerings to ensure that traders have access to the best resources and support.”

About FXGiants

FXGiants stands out as an international broker providing access to over 300 financial instruments across 6 asset classes. Traders can operate through the popular MetaTrader 4 platform, and benefit from exceptional trading conditions such as competitive spreads, flexible leverage, and fast execution. With deposit boosters, partnership programs, an educational blog, and account types tailored to both novice and experienced traders, FXGiants remains dedicated to delivering a one-stop trading solution.

Terms & Conditions apply. Bonus cannot be withdrawn.

All trading involves risk. It is possible to lose all your capital.

FXGiants is a trade name of Notesco Int Limited; a company incorporated in Anguilla with registration number A000001800 and registered address The Valley, AI2640, Cosely Drive, 1338, AI.

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Website: https://www.fxgiants.com/

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CKGSB Successfully Hosts 2024 MBA Professor Training Program for Western China

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BEIJING, Dec. 23, 2024 /PRNewswire/ — Cheung Kong Graduate School of Business (CKGSB) successfully hosted the Western China MBA Professor Training Program in collaboration with the China National MBA Education Supervisory Committee and Shantou University School of Business on December 17 and 18, 2024. 58 professors from over 40 universities in China nationwide, mostly western China, attended this training.

Since 2007, CKGSB has been aspiring to address the pressing disparities in management education between eastern and western China with its MBA professor training program. As of 2024, the program has trained 372 professors from 155 universities across 22 provinces, 4 autonomous regions, 3 direct-administered municipality in China, indirectly impacting tens of thousands of MBA students.

This year, the training focused on social innovation and business for good, a topic many participating professors found lacking in their day-to-day teaching and research. Professor ZHU Rui (Juliet), CKGSB Professor of Marketing and Director of the ESG and Social Innovation Center, led the training. She introduced how CKGSB has been innovating with the integration of business for good in management education, and how our relevant practice-based course has already helped 2,800+ students integrate ESG into their businesses. Professor Zhu also hosted an interactive workshop with the training’s participants on how they may build this idea into their teaching.

Participants shared in their post-program survey that Professor Zhu’s teaching and her ESG Assessment map gave them a new perspective on how to balance profits and social responsibilities. Many also felt inspired on how to bridge the gap between research and practice.  

Recognized in CKGSB’s 2022 and 2024 ESG and Social Innovation Reports and honored as a finalist for the 2021 China Social Impact Award by the United Nations and British Chamber of Commerce, this program exemplifies CKGSB’s impact in this critical area. Through partnerships with the government, NGOs, and business schools, this initiative has made significant progress in promoting quality education and reducing inequalities.  

For more information on CKGSB’s ESG and social innovation efforts, visit our ESG and social innovation website.

About CKGSB

Established in Beijing in November 2002, CKGSB is China’s first privately-funded and research-driven business school. The school aims to cultivate transformative business leaders with a global vision, sense of social responsibility, innovative mindset, and ability to lead with empathy and compassion (https://english.ckgsb.edu.cn).

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Wirex Adds VEUR and VCHF Stablecoins to its Platform for Seamless Spending

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VADUZ, Liechtenstein, Dec. 23, 2024 /PRNewswire/ — Wirex, a global leader in bridging traditional and digital finance, has announced the addition of VNX Euro (VEUR) and VNX Swiss Franc (VCHF) to its platform. With this integration, Wirex users can now spend VEUR and VCHF directly through their Wirex cards, streamlining everyday transactions and enhancing convenience.

Wirex cards allow users to use VEUR and VCHF in various ways. Whether users receive payments in VEUR and/or VCHF, use them for remittances (including cross-border transactions), or sell digital assets for stablecoins instead of fiat, Wirex provides the simplest solution for spending in real life. Users can instantly convert their stablecoins into fiat currency and send them directly to their bank accounts, catering to those who prefer traditional banking options.

Pavel Matveev, Co-founder of Wirex, said: “We’re excited to welcome VNX Euro (VEUR) and VNX Swiss Franc (VCHF) to Wirex. This addition allows our users to effortlessly spend stablecoins in real life, whether for daily purchases, remittances, or managing their digital assets. At Wirex, our goal is to make digital currencies as convenient and versatile as traditional money, and VEUR and VCHF are another step toward achieving that vision.”

Future Features

Additional features will be rolled out later after the launch, complementing the immediate benefits of VEUR and VCHF. These include loans and high-yield X-Accounts, both of which are growing in popularity among Wirex users. Loans offer a smart and tax-efficient way to access liquidity without selling underlying digital assets. Users can leverage their BTC, ETH, SOL, and other digital assets, as collateral for loans in stablecoins, allowing them to benefit from potential appreciation while accessing funds without triggering taxable events.

X-Accounts provide an opportunity for users to earn industry-leading yields of up to 15% APY on their stablecoin balances, enhancing the overall value proposition of holding VEUR and VCHF within the Wirex ecosystem.

Upcoming Advanced Opportunities

VEUR and VCHF have the potential to become preferred options in Wirex’s advanced trading products, such as Wirex DUO and Wirex Multiply. Notably, Euro-backed stablecoins have already demonstrated significantly higher usage among Wirex users than larger USD alternatives, highlighting strong demand for Euro-denominated trading options.

As Wirex explores adding VEUR and VCHF to these products, it aims to further strengthen its position as a leader in digital finance by offering innovative solutions that bridge the gap between traditional finance and digital assets.

Disclaimer: The term “stablecoin” is used herein in relation to VEUR and VCHF for marketing purposes. The reader however shall understand that VEUR and VCHF are fiat-referenced tokens which are described in more detail in the VNX Gold based Fiat Referenced Tokens (FRT) Terms and Conditions which are available for review at www.vnx.li 

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About VEUR and VCHF

Both VEUR and VCHF are multichain tokens referencing the Euro and Swiss Franc, developed by VNX, generated by a licensed token generator under the Blockchain Act in Liechtenstein. VEUR and VCHF are supported by the reserves ensuring 1:1 parity and represent a reliable digital asset in the crypto world. These tokens combine the stability of fiat currencies with the convenience of crypto, enabling quick, low-cost, and 24/7 accessible cross-border payments while opening new opportunities in DeFi.

About Wirex

Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.

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