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'content' => '<p>Dubbed the entertainment capital of North Texas, <a href="https://www.arlingtontx.gov/" target="_blank" rel="noopener">Arlington</a> gets around 49 million visitors every year. The city has spent more than $250 million building world-class sports arenas, theme parks, shopping malls, hotels, and restaurants to keep attracting tourists and investors.</p>
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<p>But, according to Mayor Jim Ross, Arlington’s continued economic growth is not assured by its recreational venues, but by its collective ability to develop and nurture relationships that will bring in more business.</p>
<p>“Investors aren't going to come if they can't have a relationship with the community and with your city. We know how to nurture those relationships and we're very excited about the continued growth here in Arlington,” said Ross.</p>
<p>“Arlington is a great place for employees of foreign companies to raise their families. They will find that our residents respect and appreciate each other. We have realized that was critically important to almost every foreign investor. They want to know if their teams will be accepted and valued for who they are. In Arlington, everyone is welcome in our community,” the mayor stressed.</p>
<p>Beyond the business they bring, foreign investors want to feel welcome and see that they have a positive impact on the local community.</p>
<p>“While we want more business, we are equally eager to benefit from different cultures. We want them to come and feel comfortable with who they are and share that with us. People come and stay here because we know how to treat people right,” Ross said.</p>',
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<p>“Our central location is one of our biggest selling points,” said <a href="https://hillsborotxedc.com/" target="_blank" rel="noopener">Hillsboro Economic Development Corporation</a> Administrator Arthur Mann, adding that the city’s other draws are its diverse and inclusive community, its all-around good quality of life, its architectural beauty, its highly educated and skilled workforce, and the large amount of available land.</p>
<p>In January 2023, convenience store and gas station chain Buc-ee's broke ground on its new travel center in Hillsboro. The new travel center will occupy 74,000 square feet and have 120 fueling stations.</p>
<p>“Hillsboro is thriving and ready to help your business achieve success. We are ready to talk to everybody,” said Mann, who stressed that the city is deeply committed to support business flourish by providing them with balanced agricultural and urban environment.</p>
<p>The Hillsboro Economic Development Administrator is confident that investors in Hillsboro will experience several benefits in their businesses, as well as in their life outside the office.</p>',
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<figcaption class="image-caption">Yamato Kogyo America President Norio Iino</figcaption>
</figure>
<p>Formed in 1987 as a joint venture between Nucor Corp. and Yamato Kogyo, Nucor-Yamato Steel Co. started from a cotton field in northeast Arkansas and developed into the largest structural steel mill in the Western Hemisphere.</p>
<p>“We currently have an annual production capacity of about 2.5 million tons of steel beams and have serviced iconic projects not just in North America, but in other countries as well,” said Nucor-Yamato Steel Vice President and General Manager Jon Witherow, adding that the company was the market leader in North America for steel beam and structural products.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-7-Nucor-Yamato-Steel-Jon-Witherow-2.jpg" alt="" />
<figcaption class="image-caption">Nucor-Yamato Steel Vice President and General Manager Jon Witherow</figcaption>
</figure>
<p>Meanwhile, Yamato Kogyo America President Norio Iino pointed out that Nucor-Yamato Steel’s performance was down to the hard work of its more than 1,000 employees.</p>
<p>According to Witherow, Nucor-Yamato Steel’s 36 years of success is proof that long-term partnerships between Japanese and American companies is not only possible but also yields world-class products and services.</p>
<p>“We trust each other and promote the values of teamwork and innovation. Our success is driven by our culture of inclusivity, wherein we take care of our teams, and we also have the best interest of our American and Japanese parent companies at heart,” said Witherow.</p>
<p>Iino believes that meshing together the best of both cultures is what will push the company to reach new heights and provide better services for both its customers and employees.</p>',
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(int) 3 => array(
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'id' => '545393',
'title' => 'Il Sereno: Where your holiday becomes a lifelong memory',
'description_old' => null,
'description' => 'Having welcomed its first guests in 2016, Il Sereno in Lake Como has nurtured a loyal clientele that includes highly discriminating travelers. Created by Spanish architect Patricia Urquiola, who designed several high-end hotels in Europe, the five-star property follows the cue of the original Le Sereno on St. Barths in the Carribean.',
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'image' => null,
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'url' => 'il-sereno-where-your-holiday-becomes-a-lifelong-memory',
'tags' => 'Japan, Italy, Hospitality, Tourism, Travel',
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'content' => '<p>Having welcomed its first guests in 2016, <a href="https://www.serenohotels.com/property/il-sereno/" target="_blank" rel="noopener">Il Sereno in Lake Como</a> has nurtured a loyal clientele that includes highly discriminating travelers. Created by Spanish architect Patricia Urquiola, who designed several high-end hotels in Europe, the five-star property follows the cue of the original Le Sereno on St. Barths in the Carribean.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK-7-Il-Sereno-Samy-Ghachem.jpg" alt="" />
<figcaption class="image-caption">Il Sereno Hotels Managing Director Samy Ghachem</figcaption>
</figure>
<p>Il Sereno has 40 spacious, artfully-fitted suites, each with their own balconies that offer an unobstructed view of the iconic Lake Como.</p>
<p>“Il Sereno Hotels was the first new contemporary-designed hotel built here. It is unique, unlike the other properties or hotels on the lake, which tend to have a more classical or traditional architectural style,” Managing Director Samy Ghachem told GMI POST.</p>
<p>“We were recognized by Condè Nast Traveler as the No. 1 hotel in Italy. We've also earned our Michelin star for the Italian cuisine we serve,” he added.</p>
<p>Aside from providing luxury accommodations and gourmet cuisine, Il Sereno also provides spa services for travelers seeking healthy relaxation amid beautiful surroundings. The staff are committed to accommodate each guest’s request to give them an unforgettable experience. </p>
<p>“Being a new hotel, we have a young staff that are trained and eager to engage. They are energized and committed, and they love interacting with guests,” Ghachem said.</p>
<p>With staff committed to guest experience, Ghachem invites travelers to come to Il Sereno.</p>
<p>“We're not just a hotel where you sleep. Il Sereno offers a once-in-a-lifetime experience, from checkin to departure. We are definitely worth the journey. Come here and go home with an unforgettable story. We will find every way to do that when you stay here,” he said.</p>',
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(int) 4 => array(
'Articles' => array(
'id' => '545394',
'title' => 'Sagami conquers Italy one bite at a time',
'description_old' => null,
'description' => 'Only a handful of countries in the world are well known to be very protective of their cuisine, two of which are Japan and Italy. Japanese and Italians are reputed to be demanding about the quality of ingredients and how their dishes are executed.',
'credit_id' => '48',
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'content' => '<p>Only a handful of countries in the world are well known to be very protective of their cuisine, two of which are Japan and Italy. Japanese and Italians are reputed to be demanding about the quality of ingredients and how their dishes are executed.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK-7-Sagami-Kitchen.jpg" alt="" />
<figcaption class="image-caption">Sagami's kitchens have stayed busy since opening its first outlet in Italy eight years ago.</figcaption>
</figure>
<p>It may come as no surprise that <a href="https://sagami.it/" target="_blank" rel="noopener">Sagami</a> has built a thriving business in northern Italy since 2015. With more than 250 outlets scattered across Japan, the Nagoya-born restaurant chain has six outlets (both co-owned and franchised) in Milan, Bologna, Parma, Modena, and Reggio Emilia.</p>
<p>“This year, we are planning to open at least four new Sagami restaurants in Italy. If we can open four more, that will mean a total of 10 Sagami restaurants in existence here,” Co-owner Makoto Isaji told GMI POST.</p>
<p>Breaking into the Italian market wasn’t easy, according to Isaji, because most Italians assumed Sagami served sushi. However, its menu is extensive, with the most popular items being Japanese noodles dishes with <em>soba</em>, <em>udon</em>, and <em>kishimen</em>. </p>
<p>About his long-term goals, Isaji hopes to remove misconceptions held by many Italians about Japanese cuisine.</p>
<p>“Now, the image of Japanese food for Italian people is still sushi. I hope someday a Japanese restaurant for them will mean Sagami. We serve authentic Japan dishes and we take pride in what we serve,” Isaji said.</p>
<p>“While Italy is very far from Japan, we want our clients to feel a Japanese atmosphere. This is our concept. The important thing is that we do quality food. We ultimately want to spread our dream and our concept to all of Italy,” he added.</p>',
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'id' => '545377',
'title' => 'The bright future of Japanese business in Texas',
'description_old' => null,
'description' => 'With more than 400 Japanese companies based in Texas, more than 55 Japanese funded investments in the last 10 years, and total capital investment from Japan exceeding $1.36 billion, it's very clear that the relationship between the two has flourished. Both sides are anticipating even bigger things.',
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'url' => 'the-bright-future-of-japanese-business-in-texas',
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'content' => '<p>With more than 400 Japanese companies based in Texas, more than 55 Japanese funded investments in the last 10 years, and total capital investment from Japan exceeding $1.36 billion, it’s very clear that the relationship between the two has flourished. Both sides are anticipating even bigger things.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-6-Texas-Japan-Office.jpg" alt="" />
<figcaption class="image-caption">Texas Japan Office Director Hiroyuki Watanabe</figcaption>
</figure>
<p>In 2022, the Texas Governor’s Office of Economic Development and Tourism (EDT) and the Tokyo Metropolitan Government (TMG) signed a Statement of Mutual Cooperation (SMC) outlining the support and assistance to be given to small and medium-sized Japanese enterprises that want to expanding their business to Texas.</p>
<p>“Now that we have moved past lockdowns and other challenges caused by COVID-19, I see a remarkable resumption of Japanese investments in the U.S. As for the SMC, there is growing interest from both sides. The SMC remains valid and the Tokyo Metropolitan Government is committed to strengthening its ties with Texas. Hopefully, the SMC will extend until 2024 to support more Tokyo-based companies in expanding their business to Texas,” <a href="https://www.sanantonio.gov/IRO/International-Offices/Japan-Offices" target="_blank" rel="noopener">Texas Japan Office Director Hiroyuki Watanabe</a> told GMI POST.</p>
<p>According to Watanabe, who has headed the office since 2013, at least seven Tokyo-based companies have already confirmed their plans to open operations in Texas and will be supported by the SMC.</p>
<p>As of 2020, Japan became Texas’ 6th-largest export destination, buying more than $9.8 billion worth of organic chemicals, mineral fuel and oil, industrial machinery, and electric machinery, among other goods. In the same year meanwhile, Texas imported $20.3 billion in goods from Japan.</p>
<p>Among the Japanese multinationals present in Texas are Aisin, Fujifilm, Hitachi, Mitsubishi, and Toyota Motor Corporation, which previously had its U.S. base in California.</p>',
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'id' => '545378',
'title' => 'Japan America Society of San Antonio sows the right seeds',
'description_old' => null,
'description' => 'Having attracted more than 15 Japanese multinationals to the area, the Greater San Antonio Region, the third-largest metropolitan area in Texas, has built the ideal ecosystem to attract more foreign investment and further strengthen ties between Japanese-Texas business.',
'credit_id' => '48',
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'url' => 'japan-america-society-of-san-antonio-sows-the-right-seeds',
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'content' => '<p>Having attracted more than 15 Japanese multinationals to the area, the Greater San Antonio Region, the third-largest metropolitan area in Texas, has built the ideal ecosystem to attract more foreign investment and further strengthen ties between Japanese-Texas business.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-6-San-Antonio-Kawabe.jpg" alt="" />
<figcaption class="image-caption">Japan America Society of San Antonio President Yuko Kawabe</figcaption>
</figure>
<p>“San Antonio is a great city to invest in,” <a href="https://japanamericasocietyofsanantonio.wildapricot.org/" target="_blank" rel="noopener">Japan America Society of San Antonio</a> President Yuko Kawabe told GMI Post, adding that Japanese companies are drawn to the region’s welcoming culture, high availability of commercial space, heavy foot traffic, strategic location, and productive workforce.</p>
<p>Kawabe, who is also an assistant professor at San Antonio College, cites that foreign investors are drawn by the wide network and quality of the region’s public schools, colleges, and higher education institutions, including its medical schools.</p>
<p>Meanwhile, Prof. Roger Pratt, a former professor at the University of Texas at San Antonio, is very pleased that local authorities have succeeded in creating conditions to keep Japanese investors in the region for the foreseeable future. Among the largest Japanese investors in the region are Futaba, Toyotetsu, and Toyota Motor Manufacturing Texas.</p>
<p>“Japanese companies have stayed in San Antonio for at least five years because they see great value in the city,” said Pratt, who pointed out that Japanese businesses appreciate long-term plans and nurture close relationships with local communities, which JASSA also wishes to cultivate.</p>
<p>JASSA was formed in 1985 to connect cultural and business communities in San Antonio with similar groups in Japan through various grassroots activities and exchange programs.</p>',
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'id' => '545379',
'title' => 'Houston is the best option for Japex US',
'description_old' => null,
'description' => 'Known as the energy capital of the world, Houston is home to 4,600 domestic and multinational energy companies, among them Japan Petroleum Exploration U.S. Corp. (JAPEX US), which has operated in the United States since 2012.',
'credit_id' => '48',
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'content' => '<p>Known as the energy capital of the world, Houston is home to 4,600 domestic and multinational energy companies, among them Japan Petroleum Exploration U.S. Corp. (JAPEX US), which has operated in the United States since 2012.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-6-Japex-Houston.jpg" alt="" />
<figcaption class="image-caption">JAPEX US President Yu Matsuno</figcaption>
</figure>
<p>“Texas has vast energy resources, good infrastructure for transport of energy from the field to market, and very stable political conditions,” <a href="https://www.japex.co.jp/en/business/oilgas/midmccowen/" target="_blank" rel="noopener">JAPEX US</a> President Yu Matsuno told GMI POST, sharing the top reasons behind the high-concentration of global energy companies in Houston.</p>
<p>According to Matsuno, the high number of energy companies in Houston is what caught the attention of state-owned JAPEX, which eventually formed the American subsidiary.</p>
<p>“Most oil and gas field operators cannot source their capital by themselves, which is why they usually seek investors to support their operations,” said Matsuno, who added the company is committed to spending $500 million for its activities in Texas.</p>
<p>Matsuno stressed that JAPEX US will ensure that the oil and gas delivered to its Japanese and the American customers are ethically sourced and will work closely with local communities to accomplish that goal.</p>',
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'id' => '545374',
'title' => 'Japan's lays out its game plan for Italy and the world',
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'description' => 'Ahead of the G-7 Leaders' Summit in Hiroshima in May, the host country Japan has identified the several challenges facing the international community. The event will be important for Italy. It will be the first G7 summit of Prime Minister Georgia Meloni, who will assume next year the rotating presidency of the group of seven most industrialized countries in the world.
',
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'content' => '<p>Ahead of the G-7 Leaders’ Summit in Hiroshima in May, the host country Japan has identified the several challenges facing the international community: energy and food security; regional security affairs, including Ukraine and the Indo-Pacific; nuclear disarmament and non-proliferation; economic security, climate change; global health; and development. </p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-WK-6-Consul-General-Amamiya.jpg" alt="" />
<figcaption class="image-caption">Consul General of Japan in Italy Yuji Amamiya</figcaption>
</figure>
<p>The event will be important for Italy. It will be the first G7 summit of Prime Minister Georgia Meloni, who will assume next year the rotating presidency of the group of seven most industrialized countries in the world.</p>
<p>Meanwhile, the two nations continue their work top strengthen a long-running, fruitful economic relations.</p>
<p>“Milan in Northern Italy remains an important economic center in the country and the majority of Japanese companies are located here. So, we believe that any effort to bring Japan and Italy closer will focus on the economy and on Northern Italy,” <a href="https://www.milano.it.emb-japan.go.jp/itprtop_it/index.html" target="_blank" rel="noopener">Consul General of Japan in Italy</a> Yuji Amamiya said.</p>
<p>Amamiya asked the Consulate General to set up the Japanese Business Support Desk, whose main task is to provide support and assistance to all Japanese companies across the eight regions of Northern Italy, including Milan.</p>
<p>However, the Japanese diplomat stressed that other points of bilateral collaboration will not be neglected, like science, technology, and medicine.</p>
<p>“Ever since Osaka and Milan signed a twin city agreement in 1981, they have deepened their relations in a wide range of fields, including the culture and the arts. We would like to support activities that will increase not only economic but also cultural exchanges between Japan and Northern Italy, with special focus on the upcoming events such as the Osaka Kansai Expo in 2025 and the Milan Cortina Winter Olympics in 2026,” Amamiya said.</p>
<p>With overseas travel getting back to pre-pandemic levels, Japan National Tourism Organization (JNTO) has focused its promotions in Italy more than in any other European country.</p>',
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'section_summary' => 'Ahead of the G-7 Leaders' Summit in Hiroshima in May, the host country Japan has identified the several challenges facing the international community. The event will be important for Italy. It will be the first G7 summit of Prime Minister Georgia Meloni, who will assume next year the rotating presidency of the group of seven most industrialized countries in the world.',
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'id' => '545375',
'title' => 'ACIMIT: Weaving together Italian pride and the Japanese work ethic ',
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'description' => 'For more than 70 years, ACIMIT (The Association of Italian Textile Machinery Manufacturers) has promoted Italy's textile machinery industry, showcasing the latest homegrown innovations through exhibitions, seminars, and road shows around the world, often in collaboration with the ICE (Italian Trade Commission).',
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'content' => '<p>For more than 70 years, <a href="https://www.acimit.it/en/" target="_blank" rel="noopener">ACIMIT (The Association of Italian Textile Machinery Manufacturers)</a> has promoted Italy’s textile machinery industry, showcasing the latest homegrown innovations through exhibitions, seminars, and road shows around the world, often in collaboration with the ICE (Italian Trade Commission).</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-WK-6-ACIMIT-Alessandro-Zucchi.jpg" alt="" />
<figcaption class="image-caption">ACIMIT President Alessandro Zucchi</figcaption>
</figure>
<p>“A small country as we are, we remain to be the third-largest manufacturer of textile machinery in the world, after China and Germany. The structure of our industry is little bit different because of the size. In fact, around 80 percent of our companies are small, but altogether, we are able to generate 2.4 billion euros in total revenue in this field,” ACIMIT President Alessandro “Alex” Zucchi told GMI POST.</p>
<p>According to Zucchi, while many of ACIMIT’s 300 members do not operate in big industries, they manufacture high quality parts and machinery for textile producers and can service the entire supply chain, from raw materials up to finished garments.</p>
<p>“There is no other manufacturer country that has this capability. Any kind of machinery suitable or requested for a specific process involving textile, you can find here. This does not happen everywhere and this is a big deal,” said Zucchi, who added that 90 percent of its members’ goods are exported all over the world.</p>
<p>Zucchi believes that Italian creativity can go very far and wants to establish close partnerships with Japanese, which he admires for their work practices.</p>',
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'id' => '545376',
'title' => 'Giliberti Triscornia e Associati: Where the work never stops',
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'description' => 'Founded as a boutique law firm 35 years ago, Milan-based Giliberti Triscornia e Associati built a reputation as experts in private equity matters and in mergers and acquisitions for large Italian players with multimillion dollar projects abroad. ',
'credit_id' => '48',
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'url' => 'giliberti-triscornia-e-associati-where-the-work-never-stops',
'tags' => 'Japan, Italy, Law Firms',
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'content' => '<p>Founded as a boutique law firm 35 years ago, Milan-based<a href="https://www.gtalex.com/en/" target="_blank" rel="noopener"> Giliberti Triscornia e Associati</a> built a reputation as experts in private equity matters and in mergers and acquisitions for large Italian players with multimillion dollar projects abroad. </p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-WK-6-GTA-Giuseppe-Cadel.jpg" alt="" />
<figcaption class="image-caption">Giliberti Triscornia e Associati Partner Giuseppe Cadel</figcaption>
</figure>
<p>“Our background is based on private equity because we developed alongside the industry in Italy. Our trajectory revolved around the evolution and the innovations that were taking place in the country. We have been working alongside major and small players over the years and have been their legal partner of our clients throughout,” said Partner Giuseppe Cadel.</p>
<p>Cadel credits the firm’s longevity to the amazing work ethic of all its partners and associates. In fact, on its 35th anniversary, GTA did not call off work for the day nor hold any huge celebration. It was work as usual.</p>
<p>Another aspect of GTA’s success, according to Cadel, lies in getting to know each client and finding out what they need.</p>
<p>“I try to individualize my target clients by knowing their industry, sector, and geographical scope. I also try to determine where they can target their investments. I point out what can be of value for our clients, contact them, and see if something can be of value to them,” he explained.</p>
<p>To all of GTA’s future international clients, Cadel offers this assurance: “When we get engaged, we are as good as collaborators as anyone.”</p>',
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'title' => 'Japanese Consul General: On why business with Texas is booming',
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'description' => 'The economic relationship between Japan and Texas has grown significantly over the last 10 years. In 2022, the Lone Star State attracted 96 new Japanese companies set up shop in the U.S. state and 119 Japanese investment projects worth $6.9 billion in capital investments. ',
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'content' => '<p>The economic relationship between Japan and Texas has grown significantly over the last 10 years. In 2022, the Lone Star State attracted 96 new Japanese companies set up shop in the U.S. state and 119 Japanese investment projects worth $6.9 billion in capital investments.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-5-Japanese-Consul-General.jpg" alt="" />
<figcaption class="image-caption">Consul General of Japan in Houston Hirofumi Murabayashi</figcaption>
</figure>
<p>To find out more about that thriving business relationship, GMI POST met with the <a href="https://www.houston.us.emb-japan.go.jp/itprtop_en/index.html" target="_blank" rel="noopener">Consul General of Japan in Houston</a> Hirofumi Murabayashi, who shared his insights into what makes Texas and Japan ideal partners.</p>
<p>“Out of all the ports in the United States, the Port of Houston emerged No. 1 in 2021 in exports to Japan in terms value in U.S. dollars. It used to be only around No. 6,” said Murabayashi, who added that the number of Japanese companies in Texas grew from 300 in 2015 to almost 450 by 2020.</p>
<p>The consul general attributes the increase of Japanese business in Texas to the state’s business-friendly tax policies, the determined efforts of various Texan cities and economic development corporations to attract Japanese investment, the availability of land, the relatively low cost of living compared to other major states, as well as its welcoming spirit and cultural diversity.</p>
<p>“It is not just the U.S. and Japan governments that are improving relations between Japan and the U.S. It’s the entire American and Japanese communities that are strengthening the bonds between both sides,” said Murabayashi. </p>
<p>Since he took up his position in November 2021, the consul general remains committed to further strengthening the economic partnership between Japan and Texas.</p>',
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'description' => 'Tenstorrent CEO Jim Keller, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant's global market dominance.',
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'content' => '<p><strong>Tenstorrent CEO Jim Keller</strong>, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant’s global market dominance.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller (Photo source: Tenstorrent)</figcaption>
</figure>
<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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'content' => '<p>Tokyo-based trading giant <strong>ITOCHU</strong> secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
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<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'description' => 'Belgium-based supplier of semiconductor solutions Melexis has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Melexis.jpg" alt="" />
<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
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<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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'content' => '<p>The U.S. subsidiary of Japanese group <strong>FANUC</strong>, one of the world’s largest makers of industrial robots, has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, according to a statement from FANUC America.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-FANUC.jpg" alt="" />
<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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'content' => '<p><strong>K Health</strong>, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-NYNJ-K-Health-Alan-Bloch.jpg" alt="" />
<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
</figure>
<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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'description' => 'Ontario-based multinational Lee Li Holdings (LLH) CEO Lee Q. Shim told Cambodian Prime Minister Hun Manet in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.',
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'content' => '<p>Ontario-based multinational <strong>Lee Li Holdings (LLH)</strong> <strong>CEO Lee Q. Shim</strong> told <strong>Cambodian Prime Minister Hun Manet </strong>in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-CAMB-Li-Lee-Holdings.jpg" alt="" />
<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
<p>“The National University Centre for Trauma represents decades of efforts in refining our trauma care expertise for our injured patients to return to their lives and achieve their dreams. It also aims to prevent trauma from occurring in the first place with data-driven injury prevention efforts,” said <strong>National University Centre for Trauma Director Raj Menon.</strong></p>
<p>In line with this, the hospital has rolled out a multi-disciplinary clinic that provides services for recovering trauma patients and conducts meetings to enhance care, rehabilitation, and psychosocial recovery pathways.</p>
<p>Today, NUH has over 1,200 beds and serves more than 1 million patients a year with over 50 medical, surgical, and dental specialties. NUH is the only public and not-for-profit hospital in Singapore that provides care for adults, women and children under one roof, including the country’s only pediatric kidney and liver transplant program.</p>',
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'description' => 'With more than 400 Japanese companies based in Texas, more than 55 Japanese funded investments in the last 10 years, and total capital investment from Japan exceeding $1.36 billion, it's very clear that the relationship between the two has flourished. Both sides are anticipating even bigger things.',
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'content' => '<p>With more than 400 Japanese companies based in Texas, more than 55 Japanese funded investments in the last 10 years, and total capital investment from Japan exceeding $1.36 billion, it’s very clear that the relationship between the two has flourished. Both sides are anticipating even bigger things.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-6-Texas-Japan-Office.jpg" alt="" />
<figcaption class="image-caption">Texas Japan Office Director Hiroyuki Watanabe</figcaption>
</figure>
<p>In 2022, the Texas Governor’s Office of Economic Development and Tourism (EDT) and the Tokyo Metropolitan Government (TMG) signed a Statement of Mutual Cooperation (SMC) outlining the support and assistance to be given to small and medium-sized Japanese enterprises that want to expanding their business to Texas.</p>
<p>“Now that we have moved past lockdowns and other challenges caused by COVID-19, I see a remarkable resumption of Japanese investments in the U.S. As for the SMC, there is growing interest from both sides. The SMC remains valid and the Tokyo Metropolitan Government is committed to strengthening its ties with Texas. Hopefully, the SMC will extend until 2024 to support more Tokyo-based companies in expanding their business to Texas,” <a href="https://www.sanantonio.gov/IRO/International-Offices/Japan-Offices" target="_blank" rel="noopener">Texas Japan Office Director Hiroyuki Watanabe</a> told GMI POST.</p>
<p>According to Watanabe, who has headed the office since 2013, at least seven Tokyo-based companies have already confirmed their plans to open operations in Texas and will be supported by the SMC.</p>
<p>As of 2020, Japan became Texas’ 6th-largest export destination, buying more than $9.8 billion worth of organic chemicals, mineral fuel and oil, industrial machinery, and electric machinery, among other goods. In the same year meanwhile, Texas imported $20.3 billion in goods from Japan.</p>
<p>Among the Japanese multinationals present in Texas are Aisin, Fujifilm, Hitachi, Mitsubishi, and Toyota Motor Corporation, which previously had its U.S. base in California.</p>',
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<p>But, according to Mayor Jim Ross, Arlington’s continued economic growth is not assured by its recreational venues, but by its collective ability to develop and nurture relationships that will bring in more business.</p>
<p>“Investors aren't going to come if they can't have a relationship with the community and with your city. We know how to nurture those relationships and we're very excited about the continued growth here in Arlington,” said Ross.</p>
<p>“Arlington is a great place for employees of foreign companies to raise their families. They will find that our residents respect and appreciate each other. We have realized that was critically important to almost every foreign investor. They want to know if their teams will be accepted and valued for who they are. In Arlington, everyone is welcome in our community,” the mayor stressed.</p>
<p>Beyond the business they bring, foreign investors want to feel welcome and see that they have a positive impact on the local community.</p>
<p>“While we want more business, we are equally eager to benefit from different cultures. We want them to come and feel comfortable with who they are and share that with us. People come and stay here because we know how to treat people right,” Ross said.</p>',
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'description' => 'Located near the geographic center of Texas and a little more than an hour's drive from Dallas and from Fort Worth, the city of Hillsboro has become one of the fastest-growing economies in the state. In a report by Best Places this year, the number of new jobs grew 2.5% in the last year and, within 10 years, is expected to reach cumulative growth of 38.1%, higher than the national average of 33.5%.',
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'content' => '<p>Located near the geographic center of Texas and a little more than an hour’s drive from Dallas and from Fort Worth, the city of Hillsboro has become one of the fastest-growing economies in the state. In a report by Best Places this year, the number of new jobs grew 2.5% in the last year and, within 10 years, is expected to reach cumulative growth of 38.1%, higher than the national average of 33.5%.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-7-Hillsboro-Texas-Arthur-Mann.jpg" alt="" />
<figcaption class="image-caption">Hillsboro Economic Development Corporation Administrator Arthur Mann</figcaption>
</figure>
<p>“Our central location is one of our biggest selling points,” said <a href="https://hillsborotxedc.com/" target="_blank" rel="noopener">Hillsboro Economic Development Corporation</a> Administrator Arthur Mann, adding that the city’s other draws are its diverse and inclusive community, its all-around good quality of life, its architectural beauty, its highly educated and skilled workforce, and the large amount of available land.</p>
<p>In January 2023, convenience store and gas station chain Buc-ee's broke ground on its new travel center in Hillsboro. The new travel center will occupy 74,000 square feet and have 120 fueling stations.</p>
<p>“Hillsboro is thriving and ready to help your business achieve success. We are ready to talk to everybody,” said Mann, who stressed that the city is deeply committed to support business flourish by providing them with balanced agricultural and urban environment.</p>
<p>The Hillsboro Economic Development Administrator is confident that investors in Hillsboro will experience several benefits in their businesses, as well as in their life outside the office.</p>',
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'id' => '545392',
'title' => 'Nucor-Yamato Steel celebrates 36 years of Japanese-American excellence',
'description_old' => null,
'description' => 'Formed in 1987 as a joint venture between Nucor Corp.and Yamato Kogyo, Nucor-Yamato Steel Co. started from a cotton field in northeast Arkansas and developed into the largest structural steel mill in the Western Hemisphere. ',
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'url' => 'nucor-yamato-steel-celebrates-36-years-of-japanese-american-excellence',
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'content' => '<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-7-Nucor-Yamato-Steel-Norio-Iino.jpg" alt="" />
<figcaption class="image-caption">Yamato Kogyo America President Norio Iino</figcaption>
</figure>
<p>Formed in 1987 as a joint venture between Nucor Corp. and Yamato Kogyo, Nucor-Yamato Steel Co. started from a cotton field in northeast Arkansas and developed into the largest structural steel mill in the Western Hemisphere.</p>
<p>“We currently have an annual production capacity of about 2.5 million tons of steel beams and have serviced iconic projects not just in North America, but in other countries as well,” said Nucor-Yamato Steel Vice President and General Manager Jon Witherow, adding that the company was the market leader in North America for steel beam and structural products.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-7-Nucor-Yamato-Steel-Jon-Witherow-2.jpg" alt="" />
<figcaption class="image-caption">Nucor-Yamato Steel Vice President and General Manager Jon Witherow</figcaption>
</figure>
<p>Meanwhile, Yamato Kogyo America President Norio Iino pointed out that Nucor-Yamato Steel’s performance was down to the hard work of its more than 1,000 employees.</p>
<p>According to Witherow, Nucor-Yamato Steel’s 36 years of success is proof that long-term partnerships between Japanese and American companies is not only possible but also yields world-class products and services.</p>
<p>“We trust each other and promote the values of teamwork and innovation. Our success is driven by our culture of inclusivity, wherein we take care of our teams, and we also have the best interest of our American and Japanese parent companies at heart,” said Witherow.</p>
<p>Iino believes that meshing together the best of both cultures is what will push the company to reach new heights and provide better services for both its customers and employees.</p>',
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'id' => '545393',
'title' => 'Il Sereno: Where your holiday becomes a lifelong memory',
'description_old' => null,
'description' => 'Having welcomed its first guests in 2016, Il Sereno in Lake Como has nurtured a loyal clientele that includes highly discriminating travelers. Created by Spanish architect Patricia Urquiola, who designed several high-end hotels in Europe, the five-star property follows the cue of the original Le Sereno on St. Barths in the Carribean.',
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'image' => null,
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'url' => 'il-sereno-where-your-holiday-becomes-a-lifelong-memory',
'tags' => 'Japan, Italy, Hospitality, Tourism, Travel',
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'content' => '<p>Having welcomed its first guests in 2016, <a href="https://www.serenohotels.com/property/il-sereno/" target="_blank" rel="noopener">Il Sereno in Lake Como</a> has nurtured a loyal clientele that includes highly discriminating travelers. Created by Spanish architect Patricia Urquiola, who designed several high-end hotels in Europe, the five-star property follows the cue of the original Le Sereno on St. Barths in the Carribean.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK-7-Il-Sereno-Samy-Ghachem.jpg" alt="" />
<figcaption class="image-caption">Il Sereno Hotels Managing Director Samy Ghachem</figcaption>
</figure>
<p>Il Sereno has 40 spacious, artfully-fitted suites, each with their own balconies that offer an unobstructed view of the iconic Lake Como.</p>
<p>“Il Sereno Hotels was the first new contemporary-designed hotel built here. It is unique, unlike the other properties or hotels on the lake, which tend to have a more classical or traditional architectural style,” Managing Director Samy Ghachem told GMI POST.</p>
<p>“We were recognized by Condè Nast Traveler as the No. 1 hotel in Italy. We've also earned our Michelin star for the Italian cuisine we serve,” he added.</p>
<p>Aside from providing luxury accommodations and gourmet cuisine, Il Sereno also provides spa services for travelers seeking healthy relaxation amid beautiful surroundings. The staff are committed to accommodate each guest’s request to give them an unforgettable experience. </p>
<p>“Being a new hotel, we have a young staff that are trained and eager to engage. They are energized and committed, and they love interacting with guests,” Ghachem said.</p>
<p>With staff committed to guest experience, Ghachem invites travelers to come to Il Sereno.</p>
<p>“We're not just a hotel where you sleep. Il Sereno offers a once-in-a-lifetime experience, from checkin to departure. We are definitely worth the journey. Come here and go home with an unforgettable story. We will find every way to do that when you stay here,” he said.</p>',
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'id' => '545394',
'title' => 'Sagami conquers Italy one bite at a time',
'description_old' => null,
'description' => 'Only a handful of countries in the world are well known to be very protective of their cuisine, two of which are Japan and Italy. Japanese and Italians are reputed to be demanding about the quality of ingredients and how their dishes are executed.',
'credit_id' => '48',
'image' => null,
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'url' => 'sagami-conquers-italy-one-bite-at-a-time',
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'content' => '<p>Only a handful of countries in the world are well known to be very protective of their cuisine, two of which are Japan and Italy. Japanese and Italians are reputed to be demanding about the quality of ingredients and how their dishes are executed.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK-7-Sagami-Kitchen.jpg" alt="" />
<figcaption class="image-caption">Sagami's kitchens have stayed busy since opening its first outlet in Italy eight years ago.</figcaption>
</figure>
<p>It may come as no surprise that <a href="https://sagami.it/" target="_blank" rel="noopener">Sagami</a> has built a thriving business in northern Italy since 2015. With more than 250 outlets scattered across Japan, the Nagoya-born restaurant chain has six outlets (both co-owned and franchised) in Milan, Bologna, Parma, Modena, and Reggio Emilia.</p>
<p>“This year, we are planning to open at least four new Sagami restaurants in Italy. If we can open four more, that will mean a total of 10 Sagami restaurants in existence here,” Co-owner Makoto Isaji told GMI POST.</p>
<p>Breaking into the Italian market wasn’t easy, according to Isaji, because most Italians assumed Sagami served sushi. However, its menu is extensive, with the most popular items being Japanese noodles dishes with <em>soba</em>, <em>udon</em>, and <em>kishimen</em>. </p>
<p>About his long-term goals, Isaji hopes to remove misconceptions held by many Italians about Japanese cuisine.</p>
<p>“Now, the image of Japanese food for Italian people is still sushi. I hope someday a Japanese restaurant for them will mean Sagami. We serve authentic Japan dishes and we take pride in what we serve,” Isaji said.</p>
<p>“While Italy is very far from Japan, we want our clients to feel a Japanese atmosphere. This is our concept. The important thing is that we do quality food. We ultimately want to spread our dream and our concept to all of Italy,” he added.</p>',
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'id' => '545377',
'title' => 'The bright future of Japanese business in Texas',
'description_old' => null,
'description' => 'With more than 400 Japanese companies based in Texas, more than 55 Japanese funded investments in the last 10 years, and total capital investment from Japan exceeding $1.36 billion, it's very clear that the relationship between the two has flourished. Both sides are anticipating even bigger things.',
'credit_id' => '48',
'image' => null,
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'url' => 'the-bright-future-of-japanese-business-in-texas',
'tags' => 'Japan, US, Texas, Economy, Investment',
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'content' => '<p>With more than 400 Japanese companies based in Texas, more than 55 Japanese funded investments in the last 10 years, and total capital investment from Japan exceeding $1.36 billion, it’s very clear that the relationship between the two has flourished. Both sides are anticipating even bigger things.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-6-Texas-Japan-Office.jpg" alt="" />
<figcaption class="image-caption">Texas Japan Office Director Hiroyuki Watanabe</figcaption>
</figure>
<p>In 2022, the Texas Governor’s Office of Economic Development and Tourism (EDT) and the Tokyo Metropolitan Government (TMG) signed a Statement of Mutual Cooperation (SMC) outlining the support and assistance to be given to small and medium-sized Japanese enterprises that want to expanding their business to Texas.</p>
<p>“Now that we have moved past lockdowns and other challenges caused by COVID-19, I see a remarkable resumption of Japanese investments in the U.S. As for the SMC, there is growing interest from both sides. The SMC remains valid and the Tokyo Metropolitan Government is committed to strengthening its ties with Texas. Hopefully, the SMC will extend until 2024 to support more Tokyo-based companies in expanding their business to Texas,” <a href="https://www.sanantonio.gov/IRO/International-Offices/Japan-Offices" target="_blank" rel="noopener">Texas Japan Office Director Hiroyuki Watanabe</a> told GMI POST.</p>
<p>According to Watanabe, who has headed the office since 2013, at least seven Tokyo-based companies have already confirmed their plans to open operations in Texas and will be supported by the SMC.</p>
<p>As of 2020, Japan became Texas’ 6th-largest export destination, buying more than $9.8 billion worth of organic chemicals, mineral fuel and oil, industrial machinery, and electric machinery, among other goods. In the same year meanwhile, Texas imported $20.3 billion in goods from Japan.</p>
<p>Among the Japanese multinationals present in Texas are Aisin, Fujifilm, Hitachi, Mitsubishi, and Toyota Motor Corporation, which previously had its U.S. base in California.</p>',
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'id' => '545378',
'title' => 'Japan America Society of San Antonio sows the right seeds',
'description_old' => null,
'description' => 'Having attracted more than 15 Japanese multinationals to the area, the Greater San Antonio Region, the third-largest metropolitan area in Texas, has built the ideal ecosystem to attract more foreign investment and further strengthen ties between Japanese-Texas business.',
'credit_id' => '48',
'image' => null,
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'url' => 'japan-america-society-of-san-antonio-sows-the-right-seeds',
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'content' => '<p>Having attracted more than 15 Japanese multinationals to the area, the Greater San Antonio Region, the third-largest metropolitan area in Texas, has built the ideal ecosystem to attract more foreign investment and further strengthen ties between Japanese-Texas business.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-6-San-Antonio-Kawabe.jpg" alt="" />
<figcaption class="image-caption">Japan America Society of San Antonio President Yuko Kawabe</figcaption>
</figure>
<p>“San Antonio is a great city to invest in,” <a href="https://japanamericasocietyofsanantonio.wildapricot.org/" target="_blank" rel="noopener">Japan America Society of San Antonio</a> President Yuko Kawabe told GMI Post, adding that Japanese companies are drawn to the region’s welcoming culture, high availability of commercial space, heavy foot traffic, strategic location, and productive workforce.</p>
<p>Kawabe, who is also an assistant professor at San Antonio College, cites that foreign investors are drawn by the wide network and quality of the region’s public schools, colleges, and higher education institutions, including its medical schools.</p>
<p>Meanwhile, Prof. Roger Pratt, a former professor at the University of Texas at San Antonio, is very pleased that local authorities have succeeded in creating conditions to keep Japanese investors in the region for the foreseeable future. Among the largest Japanese investors in the region are Futaba, Toyotetsu, and Toyota Motor Manufacturing Texas.</p>
<p>“Japanese companies have stayed in San Antonio for at least five years because they see great value in the city,” said Pratt, who pointed out that Japanese businesses appreciate long-term plans and nurture close relationships with local communities, which JASSA also wishes to cultivate.</p>
<p>JASSA was formed in 1985 to connect cultural and business communities in San Antonio with similar groups in Japan through various grassroots activities and exchange programs.</p>',
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'id' => '545379',
'title' => 'Houston is the best option for Japex US',
'description_old' => null,
'description' => 'Known as the energy capital of the world, Houston is home to 4,600 domestic and multinational energy companies, among them Japan Petroleum Exploration U.S. Corp. (JAPEX US), which has operated in the United States since 2012.',
'credit_id' => '48',
'image' => null,
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'url' => 'houston-is-the-best-option-for-japex-us',
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'content' => '<p>Known as the energy capital of the world, Houston is home to 4,600 domestic and multinational energy companies, among them Japan Petroleum Exploration U.S. Corp. (JAPEX US), which has operated in the United States since 2012.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-6-Japex-Houston.jpg" alt="" />
<figcaption class="image-caption">JAPEX US President Yu Matsuno</figcaption>
</figure>
<p>“Texas has vast energy resources, good infrastructure for transport of energy from the field to market, and very stable political conditions,” <a href="https://www.japex.co.jp/en/business/oilgas/midmccowen/" target="_blank" rel="noopener">JAPEX US</a> President Yu Matsuno told GMI POST, sharing the top reasons behind the high-concentration of global energy companies in Houston.</p>
<p>According to Matsuno, the high number of energy companies in Houston is what caught the attention of state-owned JAPEX, which eventually formed the American subsidiary.</p>
<p>“Most oil and gas field operators cannot source their capital by themselves, which is why they usually seek investors to support their operations,” said Matsuno, who added the company is committed to spending $500 million for its activities in Texas.</p>
<p>Matsuno stressed that JAPEX US will ensure that the oil and gas delivered to its Japanese and the American customers are ethically sourced and will work closely with local communities to accomplish that goal.</p>',
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'section_summary' => 'Known as the energy capital of the world, Houston is home to 4,600 domestic and multinational energy companies, among them Japan Petroleum Exploration U.S. Corp. (JAPEX US), which has operated in the United States since 2012.',
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'id' => '545374',
'title' => 'Japan's lays out its game plan for Italy and the world',
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'description' => 'Ahead of the G-7 Leaders' Summit in Hiroshima in May, the host country Japan has identified the several challenges facing the international community. The event will be important for Italy. It will be the first G7 summit of Prime Minister Georgia Meloni, who will assume next year the rotating presidency of the group of seven most industrialized countries in the world.
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'content' => '<p>Ahead of the G-7 Leaders’ Summit in Hiroshima in May, the host country Japan has identified the several challenges facing the international community: energy and food security; regional security affairs, including Ukraine and the Indo-Pacific; nuclear disarmament and non-proliferation; economic security, climate change; global health; and development. </p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-WK-6-Consul-General-Amamiya.jpg" alt="" />
<figcaption class="image-caption">Consul General of Japan in Italy Yuji Amamiya</figcaption>
</figure>
<p>The event will be important for Italy. It will be the first G7 summit of Prime Minister Georgia Meloni, who will assume next year the rotating presidency of the group of seven most industrialized countries in the world.</p>
<p>Meanwhile, the two nations continue their work top strengthen a long-running, fruitful economic relations.</p>
<p>“Milan in Northern Italy remains an important economic center in the country and the majority of Japanese companies are located here. So, we believe that any effort to bring Japan and Italy closer will focus on the economy and on Northern Italy,” <a href="https://www.milano.it.emb-japan.go.jp/itprtop_it/index.html" target="_blank" rel="noopener">Consul General of Japan in Italy</a> Yuji Amamiya said.</p>
<p>Amamiya asked the Consulate General to set up the Japanese Business Support Desk, whose main task is to provide support and assistance to all Japanese companies across the eight regions of Northern Italy, including Milan.</p>
<p>However, the Japanese diplomat stressed that other points of bilateral collaboration will not be neglected, like science, technology, and medicine.</p>
<p>“Ever since Osaka and Milan signed a twin city agreement in 1981, they have deepened their relations in a wide range of fields, including the culture and the arts. We would like to support activities that will increase not only economic but also cultural exchanges between Japan and Northern Italy, with special focus on the upcoming events such as the Osaka Kansai Expo in 2025 and the Milan Cortina Winter Olympics in 2026,” Amamiya said.</p>
<p>With overseas travel getting back to pre-pandemic levels, Japan National Tourism Organization (JNTO) has focused its promotions in Italy more than in any other European country.</p>',
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'title' => 'ACIMIT: Weaving together Italian pride and the Japanese work ethic ',
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'description' => 'For more than 70 years, ACIMIT (The Association of Italian Textile Machinery Manufacturers) has promoted Italy's textile machinery industry, showcasing the latest homegrown innovations through exhibitions, seminars, and road shows around the world, often in collaboration with the ICE (Italian Trade Commission).',
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'content' => '<p>For more than 70 years, <a href="https://www.acimit.it/en/" target="_blank" rel="noopener">ACIMIT (The Association of Italian Textile Machinery Manufacturers)</a> has promoted Italy’s textile machinery industry, showcasing the latest homegrown innovations through exhibitions, seminars, and road shows around the world, often in collaboration with the ICE (Italian Trade Commission).</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-WK-6-ACIMIT-Alessandro-Zucchi.jpg" alt="" />
<figcaption class="image-caption">ACIMIT President Alessandro Zucchi</figcaption>
</figure>
<p>“A small country as we are, we remain to be the third-largest manufacturer of textile machinery in the world, after China and Germany. The structure of our industry is little bit different because of the size. In fact, around 80 percent of our companies are small, but altogether, we are able to generate 2.4 billion euros in total revenue in this field,” ACIMIT President Alessandro “Alex” Zucchi told GMI POST.</p>
<p>According to Zucchi, while many of ACIMIT’s 300 members do not operate in big industries, they manufacture high quality parts and machinery for textile producers and can service the entire supply chain, from raw materials up to finished garments.</p>
<p>“There is no other manufacturer country that has this capability. Any kind of machinery suitable or requested for a specific process involving textile, you can find here. This does not happen everywhere and this is a big deal,” said Zucchi, who added that 90 percent of its members’ goods are exported all over the world.</p>
<p>Zucchi believes that Italian creativity can go very far and wants to establish close partnerships with Japanese, which he admires for their work practices.</p>',
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'title' => 'Giliberti Triscornia e Associati: Where the work never stops',
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'description' => 'Founded as a boutique law firm 35 years ago, Milan-based Giliberti Triscornia e Associati built a reputation as experts in private equity matters and in mergers and acquisitions for large Italian players with multimillion dollar projects abroad. ',
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'url' => 'giliberti-triscornia-e-associati-where-the-work-never-stops',
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'content' => '<p>Founded as a boutique law firm 35 years ago, Milan-based<a href="https://www.gtalex.com/en/" target="_blank" rel="noopener"> Giliberti Triscornia e Associati</a> built a reputation as experts in private equity matters and in mergers and acquisitions for large Italian players with multimillion dollar projects abroad. </p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-WK-6-GTA-Giuseppe-Cadel.jpg" alt="" />
<figcaption class="image-caption">Giliberti Triscornia e Associati Partner Giuseppe Cadel</figcaption>
</figure>
<p>“Our background is based on private equity because we developed alongside the industry in Italy. Our trajectory revolved around the evolution and the innovations that were taking place in the country. We have been working alongside major and small players over the years and have been their legal partner of our clients throughout,” said Partner Giuseppe Cadel.</p>
<p>Cadel credits the firm’s longevity to the amazing work ethic of all its partners and associates. In fact, on its 35th anniversary, GTA did not call off work for the day nor hold any huge celebration. It was work as usual.</p>
<p>Another aspect of GTA’s success, according to Cadel, lies in getting to know each client and finding out what they need.</p>
<p>“I try to individualize my target clients by knowing their industry, sector, and geographical scope. I also try to determine where they can target their investments. I point out what can be of value for our clients, contact them, and see if something can be of value to them,” he explained.</p>
<p>To all of GTA’s future international clients, Cadel offers this assurance: “When we get engaged, we are as good as collaborators as anyone.”</p>',
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'title' => 'Japanese Consul General: On why business with Texas is booming',
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'description' => 'The economic relationship between Japan and Texas has grown significantly over the last 10 years. In 2022, the Lone Star State attracted 96 new Japanese companies set up shop in the U.S. state and 119 Japanese investment projects worth $6.9 billion in capital investments. ',
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'content' => '<p>The economic relationship between Japan and Texas has grown significantly over the last 10 years. In 2022, the Lone Star State attracted 96 new Japanese companies set up shop in the U.S. state and 119 Japanese investment projects worth $6.9 billion in capital investments.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-5-Japanese-Consul-General.jpg" alt="" />
<figcaption class="image-caption">Consul General of Japan in Houston Hirofumi Murabayashi</figcaption>
</figure>
<p>To find out more about that thriving business relationship, GMI POST met with the <a href="https://www.houston.us.emb-japan.go.jp/itprtop_en/index.html" target="_blank" rel="noopener">Consul General of Japan in Houston</a> Hirofumi Murabayashi, who shared his insights into what makes Texas and Japan ideal partners.</p>
<p>“Out of all the ports in the United States, the Port of Houston emerged No. 1 in 2021 in exports to Japan in terms value in U.S. dollars. It used to be only around No. 6,” said Murabayashi, who added that the number of Japanese companies in Texas grew from 300 in 2015 to almost 450 by 2020.</p>
<p>The consul general attributes the increase of Japanese business in Texas to the state’s business-friendly tax policies, the determined efforts of various Texan cities and economic development corporations to attract Japanese investment, the availability of land, the relatively low cost of living compared to other major states, as well as its welcoming spirit and cultural diversity.</p>
<p>“It is not just the U.S. and Japan governments that are improving relations between Japan and the U.S. It’s the entire American and Japanese communities that are strengthening the bonds between both sides,” said Murabayashi. </p>
<p>Since he took up his position in November 2021, the consul general remains committed to further strengthening the economic partnership between Japan and Texas.</p>',
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'description' => 'Tenstorrent CEO Jim Keller, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant's global market dominance.',
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'content' => '<p><strong>Tenstorrent CEO Jim Keller</strong>, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant’s global market dominance.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller (Photo source: Tenstorrent)</figcaption>
</figure>
<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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'content' => '<p>Tokyo-based trading giant <strong>ITOCHU</strong> secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
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<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Melexis.jpg" alt="" />
<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
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<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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'description' => 'The U.S. subsidiary of Japanese group FANUC, one of the world's largest makers of industrial robots, has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, according to a statement from FANUC America.',
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'content' => '<p>The U.S. subsidiary of Japanese group <strong>FANUC</strong>, one of the world’s largest makers of industrial robots, has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, according to a statement from FANUC America.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-FANUC.jpg" alt="" />
<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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'content' => '<p><strong>K Health</strong>, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-NYNJ-K-Health-Alan-Bloch.jpg" alt="" />
<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
</figure>
<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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'content' => '<p>Ontario-based multinational <strong>Lee Li Holdings (LLH)</strong> <strong>CEO Lee Q. Shim</strong> told <strong>Cambodian Prime Minister Hun Manet </strong>in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.</p>
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<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
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'title' => 'The bright future of Japanese business in Texas',
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'description' => 'With more than 400 Japanese companies based in Texas, more than 55 Japanese funded investments in the last 10 years, and total capital investment from Japan exceeding $1.36 billion, it's very clear that the relationship between the two has flourished. Both sides are anticipating even bigger things.',
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'content' => '<p>With more than 400 Japanese companies based in Texas, more than 55 Japanese funded investments in the last 10 years, and total capital investment from Japan exceeding $1.36 billion, it’s very clear that the relationship between the two has flourished. Both sides are anticipating even bigger things.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-6-Texas-Japan-Office.jpg" alt="" />
<figcaption class="image-caption">Texas Japan Office Director Hiroyuki Watanabe</figcaption>
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<p>In 2022, the Texas Governor’s Office of Economic Development and Tourism (EDT) and the Tokyo Metropolitan Government (TMG) signed a Statement of Mutual Cooperation (SMC) outlining the support and assistance to be given to small and medium-sized Japanese enterprises that want to expanding their business to Texas.</p>
<p>“Now that we have moved past lockdowns and other challenges caused by COVID-19, I see a remarkable resumption of Japanese investments in the U.S. As for the SMC, there is growing interest from both sides. The SMC remains valid and the Tokyo Metropolitan Government is committed to strengthening its ties with Texas. Hopefully, the SMC will extend until 2024 to support more Tokyo-based companies in expanding their business to Texas,” <a href="https://www.sanantonio.gov/IRO/International-Offices/Japan-Offices" target="_blank" rel="noopener">Texas Japan Office Director Hiroyuki Watanabe</a> told GMI POST.</p>
<p>According to Watanabe, who has headed the office since 2013, at least seven Tokyo-based companies have already confirmed their plans to open operations in Texas and will be supported by the SMC.</p>
<p>As of 2020, Japan became Texas’ 6th-largest export destination, buying more than $9.8 billion worth of organic chemicals, mineral fuel and oil, industrial machinery, and electric machinery, among other goods. In the same year meanwhile, Texas imported $20.3 billion in goods from Japan.</p>
<p>Among the Japanese multinationals present in Texas are Aisin, Fujifilm, Hitachi, Mitsubishi, and Toyota Motor Corporation, which previously had its U.S. base in California.</p>',
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The bright future of Japanese business in Texas
With more than 400 Japanese companies based in Texas, more than 55 Japanese funded investments in the last 10 years, and total capital investment f...
