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'content' => '<p>Having surmounted numerous challenges, diplomatic and economic, over the last century, ties between Japan and the United States have stayed among the few constants amid the shifting geopolitical situation in the world.</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-US-Japan-Council-Suzanne-Basalla.jpg" alt="" />
<figcaption class="image-caption">U.S.-Japan Council President and CEO Suzanne Basalla</figcaption>
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<p>Facing serious demographic problems, Japan has needed to seek growth beyond its borders. To date, Japan has become the largest foreign direct investor in the United States (to the tune of more than $720 billion). With the rise of China, the issue of regional security has grown more important.</p>
<p>“The U.S.-Japan relationship is as strong as ever, and more important than ever,” <a href="https://www.usjapancouncil.org/">U.S.-Japan Council</a> President and CEO Suzanne Basalla told GMI POST, who recalled the recent visit of Japanese Prime Minister Fumio Kishida to Washington D.C., in January.</p>
<p>“It's going to take the best of the United States and the best of Japan working together in order to address the challenges that both of our countries have. There's a lot of good the U.S. and Japan can do together that will benefit everyone. So, it’s important to drive people-to-people relationships to bring together leaders at all levels in the U.S. and Japan to create solutions to global concerns,” Basalla said.</p>
<p>Established in 2008, the U.S.-Japan Council, in line with the challenge posed by President Biden, has reaffirmed its mission to promote people-to-people relationships, develop and connect global leaders, and further strengthen the relationship between the two long-time partners.</p>
<p>“The U.S.-Japan relationship is robust and special, but it needs the cooperation of both the Japanese and American people to remain vibrant. We need to reinforce the foundation of the relationship that we've inherited from the generations before us and this task needs everyone’s continual work and investment. This effort includes young people; it includes women; and it includes all of our different communities throughout both countries,” Basalla said.</p>
<p>This year, <a href="https://www.usjapancouncil.org/2023-annual-conference/">the U.S.-Japan Council holds its annual conference in Washington D.C. from Nov. 8-10 with the theme, “Building a Sustainable, Secure and Inclusive Future Together.”</a></p>',
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'content' => '<p>In starting a business, as the cliché goes, it’s all about location, location, location. While <a href="https://www.ferristexas.gov/" target="_blank" rel="noopener">Ferris in Texas</a> may not be top-of-mind when choosing where to set up shop, the city has been working very hard to change minds.</p>
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<p>The city, whose population is less than 3,000, benefits a lot from its proximity to the Dallas/Fort Worth Metroplex, the fourth-largest metropolitan area in the United States. Just 20 miles south of downtown Dallas, Ferris offers convenience, lower costs, and a solid community spirit.</p>
<p>Those factors, according to Ferris Chief Economic Development Officer Mike Grace, is what provide the city with its untapped potential.</p>
<p>“Ferris is less than 30 minutes from a range of key features, including three public universities (University of Texas at Dallas, University of North Texas at Dallas, and Texas A&M), two airports, and globally-competitive business districts,” said Grace, who added that the city’s location close to major roads and highways results in the lower transport cost of goods.</p>
<p>“Ferris is a convenient place to live, work and play. The city’s tax incentives, relatively lower cost of living, and collaborative, thriving business community make Ferris the perfect place to be in,” said Grace.</p>',
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'content' => '<p>Among Italy’s most densely populated regions, Lombardy in the north of the country has held on to its position as one of the most prosperous as well. From the 19th century until the outbreak of World War 1, the region represented Italy’s economic center and industrial heartland.</p>
<p>Today, Lombardy accounts for 22 percent of value of the country’s economy. It has more than 800,000 companies spread across the region employing around 4.2 million people in a wide range of industries.</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-5-Invest-in-Lombardy-Irene-Sacco.jpg" alt="" />
<figcaption class="image-caption">Irene Sacco, who is in charge of foreign investment attraction in Invest in Lombardy</figcaption>
</figure>
<p>Irene Sacco, who is in charge of foreign investment and attraction for <a href="https://www.investinlombardy.com/en" target="_blank" rel="noopener">Invest in Lombardy</a> and <a href="https://en.promositalia.camcom.it/" target="_blank" rel="noopener">Promos Italia</a>, told GMI Post how the two agencies have worked to bring in more international investment to Lombardy and make the process smooth for foreign companies establishing operations in the region.</p>
<p>“The Lombardy region boasts a favorable geographic position because it is located in the north of Italy at the heart of the most economically advanced European area. In terms of economic performance, Lombardy’s GDP is higher than many European states,” Sacco said.</p>
<p>Apart from its geographical location, Lombardy credits its economic strength to its prowess in industry, wealth of executive expertise, abundance of highly skilled workers, breadth of its domestic and global networks, and deeply rooted affinity for innovation.</p>
<p>“Lombardy benefits from the presence of a comprehensive range of industries that occupy different stages of the supply chain. Also, it possesses a leading position in manufacturing technology and in advanced industrial sustainability culture. Our region ranks first in the number of patents and clinical trials, and as well as in the number of professionals and researchers in medical sciences disciplines,” Sacco said.</p>
<p>Ready to accommodate foreign investors, particularly those from Japan, Lombardy also offers scenic landscapes and convenient locations to get away from a hectic work schedule. It is where one can enjoy the ideal work-life balance.</p>',
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'id' => '545372',
'title' => 'Linklaters: The law firm that serviced clients on an elevated global scale ',
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'description' => 'London-based Linklaters boasts a network of 30 offices in 20 countries across the world. The multinational law firm, founded in 1838, attributes its longevity to the close attention given to clients and the strict work ethic demanded from its 3,000-plus lawyers.',
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'content' => '<p>London-based <a href="https://www.linklaters.com/" target="_blank" rel="noopener">Linklaters</a> boasts a network of 30 offices in 20 countries across the world. The multinational law firm, founded in 1838, attributes its longevity to the close attention given to clients and the strict work ethic demanded from its 3,000-plus lawyers.</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%205-Linklaters-Andrea%20Aroiso.jpg" alt="" />
<figcaption class="image-caption">Andrea Arosio, Managing Partner of Linklaters in Italy</figcaption>
</figure>
<p>Andrea Arosio, the managing partner of <a href="https://www.linklaters.com/en/locations/italy" target="_blank" rel="noopener">Linklaters’s office in Milan</a>, is a specialist in banking, finance, and mergers and acquisitions. He has provided legal advice to several investors, lenders, and borrowers in Italy, assisting them in domestic and cross-border transactions.</p>
<p>“I think there are several things that allowed us to do well in this year. The first one was that we are a global firm in the truest sense of the world. We are very well interconnected on a worldwide basis and we are very well integrated,” Arosio said.</p>
<p>While the COVID-19 pandemic posed serious challenges to countless companies, it allowed Linklaters to capitalize on the varied skills and expertise of its lawyers around the world to keep businesses going and to find ways to surmount blockages.</p>
<p>“I think that was really a plus for us because a lot of the problems that companies faced were cross-border issues,” Arosio stressed.</p>
<p>When travel was very restricted, or even impossible at times, at the height of the pandemic, the offices of Linklaters worked together as one global firm, assisting their multinational clients with business in multiple locations in the U.S., Europe, and Asia, particularly Japan.</p>
<p>“Some clients might be located in one jurisdiction but are looking to grow their business globally come to us. That’s something we are especially good at because we not only talk the local language, but also speak the international language,” Arosio said.</p>
<p>“We know what they expect from the business. We know what they expect from lawyers. So, we know what kind of advice to give to them. At the same time, we are well informed locally and therefore, know how to speak to local authorities, companies, and businessmen,” he added.</p>',
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'title' => 'HI-LEX Italy: Driven by excellence',
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'description' => 'Japanese-owned auto parts manufacturer HI-LEX Corp. has thrived in the land of Ferrari, Stellantis and other high end car makers because of its dedication to make highly reliable products, meet fast-changing market demands, and adopt the latest technologies.',
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'content' => '<p>Japanese-owned auto parts manufacturer <a href="https://www.hi-lex.com/" target="_blank" rel="noopener">HI-LEX Corp.</a> has thrived in the land of Ferrari, Stellantis and other high end car makers because of its dedication to make highly reliable products, meet fast-changing market demands, and adopt the latest technologies.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-WK%205-Hi-Lex%20Italy-Paolo-Pajardi.jpg" alt="" />
<figcaption class="image-caption">HI-LEX Italy CEO and Vice President Paolo Pajardi</figcaption>
</figure>
<p>The company, listed in the Tokyo Stock Exchange, has built a global reputation for its control cables and electro-mechanical technologies. In Italy, however, it focuses on car components, particularly window regulators and door modules.</p>
<p>“We had growth during the last three years. We expected more but since the microchip shortage, we are still happy. We expect to grow even more starting 2023. In fact, Hi-Lex Italy reported positive results both in 2021 and 2022 and was one of the best performing companies in EMEA Hi-Lex group. We are happy with that,” <a href="https://www.hi-lex.com/location-hlit" target="_blank" rel="noopener">HI-LEX Italy S.p.A.</a> CEO and Vice President Paolo Pajardi told GMI POST.</p>
<p>“One of the reasons we had such a positive result is our collaboration with local suppliers. I’m not talking about Italian suppliers only, but Europeans as well,” said Pajardi, who added that other manufacturers relied too heavily on foreign suppliers and suffered extra logistic costs.</p>
<p>HI-LEX Italy, according to Pajardi, is well-positioned to grow its business further because of the Japanese ethos of <em>kaizen</em> (constant improvement) and the Italian expertise in customized production.</p>
<p>Having displayed the competence in its field and the ability to surmount unexpected challenges, HI-LEX faces the future with much confidence, encouraged likewise by the trust that its clients have given.</p>',
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'title' => 'bureau Plattner: A law firm that goes above and beyond',
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'description' => 'Established in 1969, bureau Plattner is a leading firm of tax advisers, auditors and lawyers that has built a reputation as experts in international corporate and business law. Since starting its practice more than 50 years ago, the firm now is present in Italy, with locations in Milan, Bolzano (South Tyrol), Genoa and Merano (South Tyrol) with 180 team members. It also has a representative office in Munich, Germany.',
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'content' => '<p>Established in 1969, <a href="https://www.bureauplattner.com/en/" target="_blank" rel="noopener">bureau Plattner</a> is a leading firm of tax advisers, auditors and lawyers that has built a reputation as experts in international corporate and business law. Since starting its practice more than 50 years ago, the firm now is present in Italy, with locations in Milan, Bolzano (South Tyrol), Genoa and Merano (South Tyrol) with 180 team members. It also has a representative office in Munich, Germany.</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-4-bureau-Plattner-Massimo-Petrucci.jpg" alt="" />
<figcaption class="image-caption">bureau Plattner Managing Partner Massimo Petrucci</figcaption>
</figure>
<p>The firm helps international clients set up their companies in Italy, as well as provide advice on tax, legal, financial due diligence, and business valuation matters, and assist in negotiation and preparation of all the required legal and contractual documents.</p>
<p>“We focus on assisting corporations, international groups, and individuals that have a strong economic interest in Italy. We are specialized in working on a cross-border level. Most of the clients we have are international clients that have businesses in Italy or want to make an acquisition in Italy,” Managing Partner Massimo Petrucci told GMI POST.</p>
<p>According to Petrucci, the firm’s success is built on its commitment to build trust with all clients and nurturing that relationship over many years. To date, 90% of the Milan office’s clients are international, many of them from as far as Asia, particularly China and Japan. That exposure has sharpened the foreign language and business culture knowledge of its partners and associates.</p>
<p>“We have a really good relationship with our clients because we know the difficulties they have in foreign countries like Italy, understand their culture and the way they work. We speak the language of our clients and understand their culture. Our relationship is based on trust, which is our highest priority to us, transparency, as well on a high quality of work. So with our Japanese and Chinese clients, we have established long term relationships based on mutual trust. They know they can fully rely on us, for any matter,” Petrucci said.</p>',
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'id' => '545366',
'title' => 'Mario Maggiani: Orchestrating connections in Italy and the world',
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'description' => 'Getting diverse industry groups to work together in the attainment of a common objective can be an intimidating task. Mario Maggiani oversees the association of Italy's plastics and rubber machinery manufacturers AMAPLAST, which promotes the interest of its 170 members around the world.',
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'content' => '<p>Getting diverse industry groups to work together in the attainment of a common objective can be an intimidating task. Mario Maggiani oversees the association of Italy’s plastics and rubber machinery manufacturers <a href="https://www.amaplast.org/en/" target="_blank" rel="noopener">AMAPLAST</a>, which promotes the interest of its 170 members around the world.</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-4-AMAPLAST-Mario-Maggiani.jpg" alt="" />
<figcaption class="image-caption">Mario Maggiani, Director of AMAPLAST, ACIMAC, and UCIMA</figcaption>
</figure>
<p>Apart from AMAPLAST, Maggiani also manages two other industry groups: <a href="https://www.acimac.it/" target="_blank" rel="noopener">ACIMAC</a> (Italian Ceramic Machinery and Equipment Manufacturers Association) and <a href="https://www.ucima.it/" target="_blank" rel="noopener">UCIMA</a> (Union of Italian Manufacturers of Automatic Packing and Packaging Machines).</p>
<p>While the job of steering those three separate entities appears daunting, the trained economist and political scientist gets much satisfaction from knowing he is able to get them to work together and achieve positive results for Italy’s industrial sector.</p>
<p>“I always explain to our members that they have to cooperate in order for them to perform better in the foreign market. So, they can cooperate on joint ventures because it will always be a benefit for them and for the sectors they are in,” he told GMI POST.</p>
<p>While those three sectors suffered a certain downturn because of the COVID-19 pandemic, members have been able to recover in 2021 and 2022, with many manufacturers coming together to relaunch production and sell their goods abroad. Maggiani is optimistic that Italy will keep its place as one of the world’s manufacturing powerhouses.</p>
<p>“We have to consider that we will always be No. 1 or No. 2 in terms of manufacturing sectors at a worldwide level. To go into more detail, Italy is first in the world in machinery packaging and also at the top in the global plastics machinery sector,” he said.</p>
<p>While Italy faces stiff competition, especially from Asia, because of production costs, Maggiani believes Italian companies can still rely on their reputation for reliability, quality, flexibility, which are highly valued in many countries, especially Japan.</p>',
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'id' => '545367',
'title' => 'Genoa: Cradle of new worlds',
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'description' => 'Anybody who wants to experience Italy at its finest must travel to Genoa. The Mediterranean port city boasts a long history rooted in its geography and role in global trade. The birthplace of Christopher Columbus, the city was once the most powerful and wealthiest maritime republics in Medieval Europe.',
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'content' => '<p>Anybody who wants to experience Italy at its finest must travel to <a href="https://smart.comune.genova.it/" target="_blank" rel="noopener">Genoa</a>. The Mediterranean port city boasts a long history rooted in its geography and role in global trade. The birthplace of Christopher Columbus, the city was once the most powerful and wealthiest maritime republics in Medieval Europe.</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-4-City-of-Genoa-Marco-Bucci.jpg" alt="" />
<figcaption class="image-caption">Genoa Mayor Marco Bucci</figcaption>
</figure>
<p>Fast forward a several centuries and Genoa remains a hub of international business and trade, located in what is dubbed the Industrial Triangle of Italy. Apart from its economic significance, the city is also a showcase of the country’s rich cultural and architectural treasures.</p>
<p>“Right now, we offer a lot of cultural activities within the city with a lot of architectural sights and beautiful pieces of art. At the same time, we are developing business via three major points: logistics, high tech, and tourism,” Mayor Marco Bucci told GMI POST.</p>
<p>“2022 was really a good year for us. We have been growing in terms of GDP. We are growing in terms of jobs and also in terms of population. We were very successful and we expect in 2023 to be even more so. Everything is very nice here, including the climate. Of course, we are famous for having a very good quality of life,” Bucci added.</p>
<p>Although the COVID-19 pandemic was difficult for the entire world, Genoa has since bounced back. The city continues to welcome businesses that want to invest in the area and make sure that they thrive by improving infrastructure and minimizing the paperwork that often turns off potential investors.</p>
<p>Among the well-known Japanese companies that succeeded in Genoa are Toshiba, Canon, and Hitachi. According to Bucci, quality of life was the top reason cited by businesses that set up operations in the city.</p>
<p>“We offer experience. You don't come to Genoa, then just leave. When you are here, you get an unforgettable experience. Even if you stay for just a couple of days, you still experience a way of living that is very different from that in other places. Here, you can enjoy the people. You can enjoy the food. You can enjoy life,” Bucci said.</p>',
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'id' => '545362',
'title' => 'The Woodlands Area: How to build the perfect community',
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'description' => 'Home to 118,000 residents and approximately 2,100 businesses, The Woodlands, about a 30-minute drive north of Houston, is one of the most successful master-planned districts in Texas and the U.S. ',
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'url' => 'the-woodlands-area-how-to-build-the-perfect-community',
'tags' => 'Japan, US, Texas, Economy',
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'content' => '<p>Home to 118,000 residents and approximately 2,100 businesses, <a href="https://www.thewoodlandstownship-tx.gov/" target="_blank" rel="noopener">The Woodlands</a>, about a 30-minute drive north of Houston, is one of the most successful master-planned districts in Texas and the U.S.</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%204-Woodlands%20Chamber-JJ%20Holie.jpg" alt="" />
<figcaption class="image-caption">The Woodlands Area Chamber of Commerce President JJ Hollie</figcaption>
</figure>
<p>Aside from its strategic location and the unmatched quality of life for its residents, the nearly 50-year-old township has also nurtured a large, thriving business community whose interests are promoted by <a href="https://www.woodlandschamber.org/" target="_blank" rel="noopener">The Woodlands Area Chamber of Commerce</a>.</p>
<p>“COVID really slowed us down at the start, but we still grew. In fact, two of our best financial years at The Woodlands Chamber were 2020 and 2021. And that's a reflection of the area’s vibrant and thriving community. Businesses want to be part of a supportive community that values relationships and collaboration. That’s exactly the kind of community that have here," said JJ Hollie, who heads the Woodlands Area Chamber of Commerce.</p>
<p>According to Hollie, the close partnership between the education sector, business community, the county and township governments contributed to the success of <a href="https://www.visitthewoodlands.com/" target="_blank" rel="noopener">The Woodlands Area</a>. By placing the interests of the community at the center of all development plans, residents and businesses saw long-term opportunities rise organically.</p>
<p>“All our hospitals are great supporters of the chamber and are closely involved in community activities. Majority of business owners support us with not only their dollars but also with their time and talents. We are very fortunate to have that kind of culture here in The Woodlands,” said Hollie.</p>
<p>The president hopes that more entrepreneurs and company executives consider bringing their business to The Woodlands Area, where they can enjoy a business-friendly climate, have access to highly-qualified workforce, and live among friendly neighbors.</p>',
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'id' => '545363',
'title' => 'Why is the Texan dairy industry growing very fast?',
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'description' => 'With total production increasing 5% to approximately 15.6 billion pounds of milk last year, Texas had the fastest growing dairy industry in the United States. Nobody could be prouder of the milestone and more excited about the industry's prospects than Texas Association of Dairymen Executive Director Darren Turley.',
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'content' => '<p>With total production increasing 5% to approximately 15.6 billion pounds of milk last year, Texas had the fastest growing dairy industry in the United States. Nobody could be prouder of the milestone and more excited about the industry’s prospects than <a href="https://milk4texas.org/" target="_blank" rel="noopener">Texas Association of Dairymen</a> Executive Director Darren Turley.</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-4-Texas-Dairy-Industry-Turley.jpg" alt="" />
<figcaption class="image-caption">Texas Association of Dairymen Executive Director Darren Turley</figcaption>
</figure>
<p>“Texas has the fourth-largest dairy industry in the U.S. We are still waiting for the United States Department of Agriculture's latest report because we might be third,” Turley told GMI POST.</p>
<p>However, with two new dairy production plants expected to start operations within the next two years, Texas will most certainly grab the No. 3 position in the near future. The rapid growth of the dairy industry, according to Turley, can be attributed to influx of people relocating to the state.</p>
<p>In 2022, Texas saw the largest net population gain in one year with more than 450,000 people moving to the Lone Star State, according to a report by the Bank of America Global Research.</p>
<p>“Today, production is now averaging 10 gallons of milk per dairy cow per day. We have roughly 625,000 dairy cows and it's amazing that we're at this level. Texas is the fastest growing state; and we’re also the fastest growing dairy. They go together,” said Turley, who is confident that Texas will lead in the development of new products and in the integration of new production technology.</p>
<p>Turley attributed the industry’s rapid growth to the state’s favorable business policies, supportive communities, availability of open and tillable land, growing market of new consumers, and ideal weather conditions for dairy production.</p>
<p>“Texas deserves your attention,” said Turley as he invites investors and producers in the dairy industry to come to Texas.</p>
<p>Established in 1991, TAD has a proactive advocate and the unifying voice for the dairy industry in Texas. It works closely with various stakeholders, the state legislature, and other government and regulatory bodies in formulating the best solutions for issues affecting within the dairy industry in Texas, such as the environment, animal welfare, and food safety.</p>',
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'title' => 'Kilgore College: Better communities create better students',
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'description' => 'Founded in 1935, Kilgore College is a public two-year community college in eastern Texas with a commitment to create a learner-centered environment that prioritizes student access, professional success, and course completion through local partnerships. ',
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'content' => '<p>Founded in 1935, <a href="https://www.kilgore.edu/" target="_blank" rel="noopener">Kilgore College</a> is a public two-year community college in eastern Texas with a commitment to create a learner-centered environment that prioritizes student access, professional success, and course completion through local partnerships.</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-4-Kilgore-College-Brenda-Kay.jpg" alt="" />
<figcaption class="image-caption">Kilgore College President Dr. Brenda Kays</figcaption>
</figure>
<p>In the last 88 years, KC has provided quality education and specialized training to more than 150,000 students in a diverse range of fields, such as nursing, law enforcement, firefighting, emergency medical services, automotive technology, and radiologic technology, among others.</p>
<p>Not resting on its numerous awards, KC is prouder of its contributions to the city of Kilgore and its nearby communities.</p>
<p>“We have been a mainstay in the Kilgore community,” said KC President Dr. Brenda Kays, who believes that well-informed and well-rounded students are valuable contributors to the local community.</p>
<p>KC encourages all its students and instructors to participate in its Service Learning Program, which Kays says allows instructors and students to grow and learn outside the classroom.</p>
<p>On another front, KC has formed long-term partnerships with local institutions and businesses as part of its Workforce Development-Continuing Education Program, which offers a wide array of courses for lifelong learners, as well as customized classes businesses with specific needs. Among its partners are Worley, Eastman, and Komatsu.</p>
<p>“Kilgore Colelge is strong because we work together with all our partners and students to make sure that the entire community thrives,” Kays said.</p>',
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'description' => 'As Italy and Japan further strengthen their partnership in various sectors such as defense, culture, and economy, Italian Ambassador in Japan H.E. Gianluigi Benedetti told GMI POST about the sectors that are gaining more prominence and the communities that are highly involved in strengthening bilateral ties.',
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'content' => '<p>As Italy and Japan further strengthen their partnership in various sectors such as defense, culture, and economy, Italian Ambassador in Japan H.E. Gianluigi Benedetti told GMI POST about the sectors that are gaining more prominence and the communities that are highly involved in strengthening bilateral ties.</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%203-Italian%20Ambassador%20to%20Japan-Benedetti.jpg" alt="" />
<figcaption class="image-caption">Italian Ambassador to Japan, H.E. Gianluigi Benedetti</figcaption>
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<p>The ambassador spoke about the meeting between Italian Prime Minister Giorgia Meloni and Japanese Prime Minister Fumio Kishida that took place in Rome on January 10, wherein they agreed to upgrade the current relation to a “strategic partnership” and committed to strengthen the industrial and scientific cooperation in the future. </p>
<p>On scientific cooperation, the ambassador said that the <a href="https://www.mofa.go.jp/press/release/press3e_000532.html">15th Japan-Italy Committee Meeting on Science and Technology Cooperation</a>, which gathered representatives from both governments, institutions and research centers and finalized the next round of scientific collaboration.</p>
<p>Benedetti stressed that industrial cooperation was extremely important for the two countries because of their very similar backgrounds. Aside from their shared history, Japan and Italy are also industrial countries with many skilled artisans and engineers. “Our industrial systems are inevitably competing in the global market, but our competences and technologies in areas of mutual interest also offer opportunities for partnership. This is particularly true regarding industrial research and startup scaling up processes,” he said.</p>
<p>Japan and Italy have already collaborated in many areas from physics to mechatronics, from fashion to pharmaceutical, and from automotive to food.</p>
<p>“We have many successful examples of direct investments and industrial presence in our countries, like Marposs, De Nora, Pirelli, Luxottica, Mermec, Hergo, Danieli, Brembo, Savino del Bene, Hitachi and Takeda. However, there are new huge opportunities for industrial cooperation in high tech sectors such as green technologies including hydrogen, space, smart mobility, biopharma and artificial intelligence,” the ambassador said.</p>
<p>“I think these are very important areas where cooperation need to be promoted right away because changes will come in decades. Today, we have an important window of opportunity because both countries are implementing economic recovery plans and the industrial systems are very dynamic and technology oriented,” he added.</p>
<p>“In this fast-changing world, we are leading countries that share the same values and respect for international principles and rules. We have the same responsibilities in helping to address the big challenges of our societies: peace, economic growth, social development and the sustainability of our planet,” he also said.</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>
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<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>
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<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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<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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<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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'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>
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<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>
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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>
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<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' => 'As Italy and Japan further strengthen their partnership in various sectors such as defense, culture, and economy, Italian Ambassador in Japan H.E. Gianluigi Benedetti told GMI POST about the sectors that are gaining more prominence and the communities that are highly involved in strengthening bilateral ties.',
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'content' => '<p>As Italy and Japan further strengthen their partnership in various sectors such as defense, culture, and economy, Italian Ambassador in Japan H.E. Gianluigi Benedetti told GMI POST about the sectors that are gaining more prominence and the communities that are highly involved in strengthening bilateral ties.</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%203-Italian%20Ambassador%20to%20Japan-Benedetti.jpg" alt="" />
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<p>The ambassador spoke about the meeting between Italian Prime Minister Giorgia Meloni and Japanese Prime Minister Fumio Kishida that took place in Rome on January 10, wherein they agreed to upgrade the current relation to a “strategic partnership” and committed to strengthen the industrial and scientific cooperation in the future. </p>
<p>On scientific cooperation, the ambassador said that the <a href="https://www.mofa.go.jp/press/release/press3e_000532.html">15th Japan-Italy Committee Meeting on Science and Technology Cooperation</a>, which gathered representatives from both governments, institutions and research centers and finalized the next round of scientific collaboration.</p>
<p>Benedetti stressed that industrial cooperation was extremely important for the two countries because of their very similar backgrounds. Aside from their shared history, Japan and Italy are also industrial countries with many skilled artisans and engineers. “Our industrial systems are inevitably competing in the global market, but our competences and technologies in areas of mutual interest also offer opportunities for partnership. This is particularly true regarding industrial research and startup scaling up processes,” he said.</p>
<p>Japan and Italy have already collaborated in many areas from physics to mechatronics, from fashion to pharmaceutical, and from automotive to food.</p>
<p>“We have many successful examples of direct investments and industrial presence in our countries, like Marposs, De Nora, Pirelli, Luxottica, Mermec, Hergo, Danieli, Brembo, Savino del Bene, Hitachi and Takeda. However, there are new huge opportunities for industrial cooperation in high tech sectors such as green technologies including hydrogen, space, smart mobility, biopharma and artificial intelligence,” the ambassador said.</p>
<p>“I think these are very important areas where cooperation need to be promoted right away because changes will come in decades. Today, we have an important window of opportunity because both countries are implementing economic recovery plans and the industrial systems are very dynamic and technology oriented,” he added.</p>
<p>“In this fast-changing world, we are leading countries that share the same values and respect for international principles and rules. We have the same responsibilities in helping to address the big challenges of our societies: peace, economic growth, social development and the sustainability of our planet,” he also said.</p>',
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<figcaption class="image-caption">U.S.-Japan Council President and CEO Suzanne Basalla</figcaption>
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<p>Facing serious demographic problems, Japan has needed to seek growth beyond its borders. To date, Japan has become the largest foreign direct investor in the United States (to the tune of more than $720 billion). With the rise of China, the issue of regional security has grown more important.</p>
<p>“The U.S.-Japan relationship is as strong as ever, and more important than ever,” <a href="https://www.usjapancouncil.org/">U.S.-Japan Council</a> President and CEO Suzanne Basalla told GMI POST, who recalled the recent visit of Japanese Prime Minister Fumio Kishida to Washington D.C., in January.</p>
<p>“It's going to take the best of the United States and the best of Japan working together in order to address the challenges that both of our countries have. There's a lot of good the U.S. and Japan can do together that will benefit everyone. So, it’s important to drive people-to-people relationships to bring together leaders at all levels in the U.S. and Japan to create solutions to global concerns,” Basalla said.</p>
<p>Established in 2008, the U.S.-Japan Council, in line with the challenge posed by President Biden, has reaffirmed its mission to promote people-to-people relationships, develop and connect global leaders, and further strengthen the relationship between the two long-time partners.</p>
<p>“The U.S.-Japan relationship is robust and special, but it needs the cooperation of both the Japanese and American people to remain vibrant. We need to reinforce the foundation of the relationship that we've inherited from the generations before us and this task needs everyone’s continual work and investment. This effort includes young people; it includes women; and it includes all of our different communities throughout both countries,” Basalla said.</p>
<p>This year, <a href="https://www.usjapancouncil.org/2023-annual-conference/">the U.S.-Japan Council holds its annual conference in Washington D.C. from Nov. 8-10 with the theme, “Building a Sustainable, Secure and Inclusive Future Together.”</a></p>',
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(int) 1 => array(
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'id' => '545370',
'title' => 'Ferris, Texas: Why the city is the perfect business location ',
'description_old' => null,
'description' => 'In starting a business, as the cliché goes, it's all about location, location, location. While Ferris in Texas may not be top-of-mind when choosing where to set up shop, the city has been working very hard to change minds. ',
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'content' => '<p>In starting a business, as the cliché goes, it’s all about location, location, location. While <a href="https://www.ferristexas.gov/" target="_blank" rel="noopener">Ferris in Texas</a> may not be top-of-mind when choosing where to set up shop, the city has been working very hard to change minds.</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%205-Ferris%20EDC-Mike%20Grace.jpg" alt="" />
<figcaption class="image-caption">Ferris Chief Economic Development Officer Mike Grace</figcaption>
</figure>
<p>The city, whose population is less than 3,000, benefits a lot from its proximity to the Dallas/Fort Worth Metroplex, the fourth-largest metropolitan area in the United States. Just 20 miles south of downtown Dallas, Ferris offers convenience, lower costs, and a solid community spirit.</p>
<p>Those factors, according to Ferris Chief Economic Development Officer Mike Grace, is what provide the city with its untapped potential.</p>
<p>“Ferris is less than 30 minutes from a range of key features, including three public universities (University of Texas at Dallas, University of North Texas at Dallas, and Texas A&M), two airports, and globally-competitive business districts,” said Grace, who added that the city’s location close to major roads and highways results in the lower transport cost of goods.</p>
<p>“Ferris is a convenient place to live, work and play. The city’s tax incentives, relatively lower cost of living, and collaborative, thriving business community make Ferris the perfect place to be in,” said Grace.</p>',
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'section_summary' => 'In starting a business, as the cliché goes, it's all about location, location, location. While Ferris in Texas may not be top-of-mind when choosing where to set up shop, the city has been working very hard to change minds. ',
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'id' => '545371',
'title' => 'Lombardy is still Italy's economic center',
'description_old' => null,
'description' => 'Among Italy's most densely populated regions, Lombardy in the north of the country has held on to its position as one of the most prosperous as well. From the 19th century until the outbreak of World War 1, the region represented Italy's economic center and industrial heartland.',
'credit_id' => '48',
'image' => null,
'image_caption' => null,
'url' => 'lombardy-is-still-italys-economic-center',
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'content' => '<p>Among Italy’s most densely populated regions, Lombardy in the north of the country has held on to its position as one of the most prosperous as well. From the 19th century until the outbreak of World War 1, the region represented Italy’s economic center and industrial heartland.</p>
<p>Today, Lombardy accounts for 22 percent of value of the country’s economy. It has more than 800,000 companies spread across the region employing around 4.2 million people in a wide range of industries.</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-5-Invest-in-Lombardy-Irene-Sacco.jpg" alt="" />
<figcaption class="image-caption">Irene Sacco, who is in charge of foreign investment attraction in Invest in Lombardy</figcaption>
</figure>
<p>Irene Sacco, who is in charge of foreign investment and attraction for <a href="https://www.investinlombardy.com/en" target="_blank" rel="noopener">Invest in Lombardy</a> and <a href="https://en.promositalia.camcom.it/" target="_blank" rel="noopener">Promos Italia</a>, told GMI Post how the two agencies have worked to bring in more international investment to Lombardy and make the process smooth for foreign companies establishing operations in the region.</p>
<p>“The Lombardy region boasts a favorable geographic position because it is located in the north of Italy at the heart of the most economically advanced European area. In terms of economic performance, Lombardy’s GDP is higher than many European states,” Sacco said.</p>
<p>Apart from its geographical location, Lombardy credits its economic strength to its prowess in industry, wealth of executive expertise, abundance of highly skilled workers, breadth of its domestic and global networks, and deeply rooted affinity for innovation.</p>
<p>“Lombardy benefits from the presence of a comprehensive range of industries that occupy different stages of the supply chain. Also, it possesses a leading position in manufacturing technology and in advanced industrial sustainability culture. Our region ranks first in the number of patents and clinical trials, and as well as in the number of professionals and researchers in medical sciences disciplines,” Sacco said.</p>
<p>Ready to accommodate foreign investors, particularly those from Japan, Lombardy also offers scenic landscapes and convenient locations to get away from a hectic work schedule. It is where one can enjoy the ideal work-life balance.</p>',
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'id' => '545372',
'title' => 'Linklaters: The law firm that serviced clients on an elevated global scale ',
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'description' => 'London-based Linklaters boasts a network of 30 offices in 20 countries across the world. The multinational law firm, founded in 1838, attributes its longevity to the close attention given to clients and the strict work ethic demanded from its 3,000-plus lawyers.',
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'content' => '<p>London-based <a href="https://www.linklaters.com/" target="_blank" rel="noopener">Linklaters</a> boasts a network of 30 offices in 20 countries across the world. The multinational law firm, founded in 1838, attributes its longevity to the close attention given to clients and the strict work ethic demanded from its 3,000-plus lawyers.</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%205-Linklaters-Andrea%20Aroiso.jpg" alt="" />
<figcaption class="image-caption">Andrea Arosio, Managing Partner of Linklaters in Italy</figcaption>
</figure>
<p>Andrea Arosio, the managing partner of <a href="https://www.linklaters.com/en/locations/italy" target="_blank" rel="noopener">Linklaters’s office in Milan</a>, is a specialist in banking, finance, and mergers and acquisitions. He has provided legal advice to several investors, lenders, and borrowers in Italy, assisting them in domestic and cross-border transactions.</p>
<p>“I think there are several things that allowed us to do well in this year. The first one was that we are a global firm in the truest sense of the world. We are very well interconnected on a worldwide basis and we are very well integrated,” Arosio said.</p>
<p>While the COVID-19 pandemic posed serious challenges to countless companies, it allowed Linklaters to capitalize on the varied skills and expertise of its lawyers around the world to keep businesses going and to find ways to surmount blockages.</p>
<p>“I think that was really a plus for us because a lot of the problems that companies faced were cross-border issues,” Arosio stressed.</p>
<p>When travel was very restricted, or even impossible at times, at the height of the pandemic, the offices of Linklaters worked together as one global firm, assisting their multinational clients with business in multiple locations in the U.S., Europe, and Asia, particularly Japan.</p>
<p>“Some clients might be located in one jurisdiction but are looking to grow their business globally come to us. That’s something we are especially good at because we not only talk the local language, but also speak the international language,” Arosio said.</p>
<p>“We know what they expect from the business. We know what they expect from lawyers. So, we know what kind of advice to give to them. At the same time, we are well informed locally and therefore, know how to speak to local authorities, companies, and businessmen,” he added.</p>',
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'id' => '545373',
'title' => 'HI-LEX Italy: Driven by excellence',
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'description' => 'Japanese-owned auto parts manufacturer HI-LEX Corp. has thrived in the land of Ferrari, Stellantis and other high end car makers because of its dedication to make highly reliable products, meet fast-changing market demands, and adopt the latest technologies.',
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'content' => '<p>Japanese-owned auto parts manufacturer <a href="https://www.hi-lex.com/" target="_blank" rel="noopener">HI-LEX Corp.</a> has thrived in the land of Ferrari, Stellantis and other high end car makers because of its dedication to make highly reliable products, meet fast-changing market demands, and adopt the latest technologies.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-WK%205-Hi-Lex%20Italy-Paolo-Pajardi.jpg" alt="" />
<figcaption class="image-caption">HI-LEX Italy CEO and Vice President Paolo Pajardi</figcaption>
</figure>
<p>The company, listed in the Tokyo Stock Exchange, has built a global reputation for its control cables and electro-mechanical technologies. In Italy, however, it focuses on car components, particularly window regulators and door modules.</p>
<p>“We had growth during the last three years. We expected more but since the microchip shortage, we are still happy. We expect to grow even more starting 2023. In fact, Hi-Lex Italy reported positive results both in 2021 and 2022 and was one of the best performing companies in EMEA Hi-Lex group. We are happy with that,” <a href="https://www.hi-lex.com/location-hlit" target="_blank" rel="noopener">HI-LEX Italy S.p.A.</a> CEO and Vice President Paolo Pajardi told GMI POST.</p>
<p>“One of the reasons we had such a positive result is our collaboration with local suppliers. I’m not talking about Italian suppliers only, but Europeans as well,” said Pajardi, who added that other manufacturers relied too heavily on foreign suppliers and suffered extra logistic costs.</p>
<p>HI-LEX Italy, according to Pajardi, is well-positioned to grow its business further because of the Japanese ethos of <em>kaizen</em> (constant improvement) and the Italian expertise in customized production.</p>
<p>Having displayed the competence in its field and the ability to surmount unexpected challenges, HI-LEX faces the future with much confidence, encouraged likewise by the trust that its clients have given.</p>',
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'id' => '545365',
'title' => 'bureau Plattner: A law firm that goes above and beyond',
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'description' => 'Established in 1969, bureau Plattner is a leading firm of tax advisers, auditors and lawyers that has built a reputation as experts in international corporate and business law. Since starting its practice more than 50 years ago, the firm now is present in Italy, with locations in Milan, Bolzano (South Tyrol), Genoa and Merano (South Tyrol) with 180 team members. It also has a representative office in Munich, Germany.',
'credit_id' => '48',
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'url' => 'bureau-plattner-a-law-firm-that-goes-above-and-beyond',
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'content' => '<p>Established in 1969, <a href="https://www.bureauplattner.com/en/" target="_blank" rel="noopener">bureau Plattner</a> is a leading firm of tax advisers, auditors and lawyers that has built a reputation as experts in international corporate and business law. Since starting its practice more than 50 years ago, the firm now is present in Italy, with locations in Milan, Bolzano (South Tyrol), Genoa and Merano (South Tyrol) with 180 team members. It also has a representative office in Munich, Germany.</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-4-bureau-Plattner-Massimo-Petrucci.jpg" alt="" />
<figcaption class="image-caption">bureau Plattner Managing Partner Massimo Petrucci</figcaption>
</figure>
<p>The firm helps international clients set up their companies in Italy, as well as provide advice on tax, legal, financial due diligence, and business valuation matters, and assist in negotiation and preparation of all the required legal and contractual documents.</p>
<p>“We focus on assisting corporations, international groups, and individuals that have a strong economic interest in Italy. We are specialized in working on a cross-border level. Most of the clients we have are international clients that have businesses in Italy or want to make an acquisition in Italy,” Managing Partner Massimo Petrucci told GMI POST.</p>
<p>According to Petrucci, the firm’s success is built on its commitment to build trust with all clients and nurturing that relationship over many years. To date, 90% of the Milan office’s clients are international, many of them from as far as Asia, particularly China and Japan. That exposure has sharpened the foreign language and business culture knowledge of its partners and associates.</p>
<p>“We have a really good relationship with our clients because we know the difficulties they have in foreign countries like Italy, understand their culture and the way they work. We speak the language of our clients and understand their culture. Our relationship is based on trust, which is our highest priority to us, transparency, as well on a high quality of work. So with our Japanese and Chinese clients, we have established long term relationships based on mutual trust. They know they can fully rely on us, for any matter,” Petrucci said.</p>',
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'id' => '545366',
'title' => 'Mario Maggiani: Orchestrating connections in Italy and the world',
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'description' => 'Getting diverse industry groups to work together in the attainment of a common objective can be an intimidating task. Mario Maggiani oversees the association of Italy's plastics and rubber machinery manufacturers AMAPLAST, which promotes the interest of its 170 members around the world.',
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'url' => 'mario-maggiani-orchestrating-connections-in-italy-and-the-world',
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'content' => '<p>Getting diverse industry groups to work together in the attainment of a common objective can be an intimidating task. Mario Maggiani oversees the association of Italy’s plastics and rubber machinery manufacturers <a href="https://www.amaplast.org/en/" target="_blank" rel="noopener">AMAPLAST</a>, which promotes the interest of its 170 members around the world.</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-4-AMAPLAST-Mario-Maggiani.jpg" alt="" />
<figcaption class="image-caption">Mario Maggiani, Director of AMAPLAST, ACIMAC, and UCIMA</figcaption>
</figure>
<p>Apart from AMAPLAST, Maggiani also manages two other industry groups: <a href="https://www.acimac.it/" target="_blank" rel="noopener">ACIMAC</a> (Italian Ceramic Machinery and Equipment Manufacturers Association) and <a href="https://www.ucima.it/" target="_blank" rel="noopener">UCIMA</a> (Union of Italian Manufacturers of Automatic Packing and Packaging Machines).</p>
<p>While the job of steering those three separate entities appears daunting, the trained economist and political scientist gets much satisfaction from knowing he is able to get them to work together and achieve positive results for Italy’s industrial sector.</p>
<p>“I always explain to our members that they have to cooperate in order for them to perform better in the foreign market. So, they can cooperate on joint ventures because it will always be a benefit for them and for the sectors they are in,” he told GMI POST.</p>
<p>While those three sectors suffered a certain downturn because of the COVID-19 pandemic, members have been able to recover in 2021 and 2022, with many manufacturers coming together to relaunch production and sell their goods abroad. Maggiani is optimistic that Italy will keep its place as one of the world’s manufacturing powerhouses.</p>
<p>“We have to consider that we will always be No. 1 or No. 2 in terms of manufacturing sectors at a worldwide level. To go into more detail, Italy is first in the world in machinery packaging and also at the top in the global plastics machinery sector,” he said.</p>
<p>While Italy faces stiff competition, especially from Asia, because of production costs, Maggiani believes Italian companies can still rely on their reputation for reliability, quality, flexibility, which are highly valued in many countries, especially Japan.</p>',
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'section_summary' => 'Getting diverse industry groups to work together in the attainment of a common objective can be an intimidating task. Mario Maggiani oversees the association of Italy's plastics and rubber machinery manufacturers AMAPLAST, which promotes the interest of its 170 members around the world.',
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'id' => '545367',
'title' => 'Genoa: Cradle of new worlds',
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'description' => 'Anybody who wants to experience Italy at its finest must travel to Genoa. The Mediterranean port city boasts a long history rooted in its geography and role in global trade. The birthplace of Christopher Columbus, the city was once the most powerful and wealthiest maritime republics in Medieval Europe.',
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'content' => '<p>Anybody who wants to experience Italy at its finest must travel to <a href="https://smart.comune.genova.it/" target="_blank" rel="noopener">Genoa</a>. The Mediterranean port city boasts a long history rooted in its geography and role in global trade. The birthplace of Christopher Columbus, the city was once the most powerful and wealthiest maritime republics in Medieval Europe.</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-4-City-of-Genoa-Marco-Bucci.jpg" alt="" />
<figcaption class="image-caption">Genoa Mayor Marco Bucci</figcaption>
</figure>
<p>Fast forward a several centuries and Genoa remains a hub of international business and trade, located in what is dubbed the Industrial Triangle of Italy. Apart from its economic significance, the city is also a showcase of the country’s rich cultural and architectural treasures.</p>
<p>“Right now, we offer a lot of cultural activities within the city with a lot of architectural sights and beautiful pieces of art. At the same time, we are developing business via three major points: logistics, high tech, and tourism,” Mayor Marco Bucci told GMI POST.</p>
<p>“2022 was really a good year for us. We have been growing in terms of GDP. We are growing in terms of jobs and also in terms of population. We were very successful and we expect in 2023 to be even more so. Everything is very nice here, including the climate. Of course, we are famous for having a very good quality of life,” Bucci added.</p>
<p>Although the COVID-19 pandemic was difficult for the entire world, Genoa has since bounced back. The city continues to welcome businesses that want to invest in the area and make sure that they thrive by improving infrastructure and minimizing the paperwork that often turns off potential investors.</p>
<p>Among the well-known Japanese companies that succeeded in Genoa are Toshiba, Canon, and Hitachi. According to Bucci, quality of life was the top reason cited by businesses that set up operations in the city.</p>
<p>“We offer experience. You don't come to Genoa, then just leave. When you are here, you get an unforgettable experience. Even if you stay for just a couple of days, you still experience a way of living that is very different from that in other places. Here, you can enjoy the people. You can enjoy the food. You can enjoy life,” Bucci said.</p>',
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'id' => '545362',
'title' => 'The Woodlands Area: How to build the perfect community',
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'description' => 'Home to 118,000 residents and approximately 2,100 businesses, The Woodlands, about a 30-minute drive north of Houston, is one of the most successful master-planned districts in Texas and the U.S. ',
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'url' => 'the-woodlands-area-how-to-build-the-perfect-community',
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'content' => '<p>Home to 118,000 residents and approximately 2,100 businesses, <a href="https://www.thewoodlandstownship-tx.gov/" target="_blank" rel="noopener">The Woodlands</a>, about a 30-minute drive north of Houston, is one of the most successful master-planned districts in Texas and the U.S.</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%204-Woodlands%20Chamber-JJ%20Holie.jpg" alt="" />
<figcaption class="image-caption">The Woodlands Area Chamber of Commerce President JJ Hollie</figcaption>
</figure>
<p>Aside from its strategic location and the unmatched quality of life for its residents, the nearly 50-year-old township has also nurtured a large, thriving business community whose interests are promoted by <a href="https://www.woodlandschamber.org/" target="_blank" rel="noopener">The Woodlands Area Chamber of Commerce</a>.</p>
<p>“COVID really slowed us down at the start, but we still grew. In fact, two of our best financial years at The Woodlands Chamber were 2020 and 2021. And that's a reflection of the area’s vibrant and thriving community. Businesses want to be part of a supportive community that values relationships and collaboration. That’s exactly the kind of community that have here," said JJ Hollie, who heads the Woodlands Area Chamber of Commerce.</p>
<p>According to Hollie, the close partnership between the education sector, business community, the county and township governments contributed to the success of <a href="https://www.visitthewoodlands.com/" target="_blank" rel="noopener">The Woodlands Area</a>. By placing the interests of the community at the center of all development plans, residents and businesses saw long-term opportunities rise organically.</p>
<p>“All our hospitals are great supporters of the chamber and are closely involved in community activities. Majority of business owners support us with not only their dollars but also with their time and talents. We are very fortunate to have that kind of culture here in The Woodlands,” said Hollie.</p>
<p>The president hopes that more entrepreneurs and company executives consider bringing their business to The Woodlands Area, where they can enjoy a business-friendly climate, have access to highly-qualified workforce, and live among friendly neighbors.</p>',
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'id' => '545363',
'title' => 'Why is the Texan dairy industry growing very fast?',
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'description' => 'With total production increasing 5% to approximately 15.6 billion pounds of milk last year, Texas had the fastest growing dairy industry in the United States. Nobody could be prouder of the milestone and more excited about the industry's prospects than Texas Association of Dairymen Executive Director Darren Turley.',
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'content' => '<p>With total production increasing 5% to approximately 15.6 billion pounds of milk last year, Texas had the fastest growing dairy industry in the United States. Nobody could be prouder of the milestone and more excited about the industry’s prospects than <a href="https://milk4texas.org/" target="_blank" rel="noopener">Texas Association of Dairymen</a> Executive Director Darren Turley.</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-4-Texas-Dairy-Industry-Turley.jpg" alt="" />
<figcaption class="image-caption">Texas Association of Dairymen Executive Director Darren Turley</figcaption>
</figure>
<p>“Texas has the fourth-largest dairy industry in the U.S. We are still waiting for the United States Department of Agriculture's latest report because we might be third,” Turley told GMI POST.</p>
<p>However, with two new dairy production plants expected to start operations within the next two years, Texas will most certainly grab the No. 3 position in the near future. The rapid growth of the dairy industry, according to Turley, can be attributed to influx of people relocating to the state.</p>
<p>In 2022, Texas saw the largest net population gain in one year with more than 450,000 people moving to the Lone Star State, according to a report by the Bank of America Global Research.</p>
<p>“Today, production is now averaging 10 gallons of milk per dairy cow per day. We have roughly 625,000 dairy cows and it's amazing that we're at this level. Texas is the fastest growing state; and we’re also the fastest growing dairy. They go together,” said Turley, who is confident that Texas will lead in the development of new products and in the integration of new production technology.</p>
<p>Turley attributed the industry’s rapid growth to the state’s favorable business policies, supportive communities, availability of open and tillable land, growing market of new consumers, and ideal weather conditions for dairy production.</p>
<p>“Texas deserves your attention,” said Turley as he invites investors and producers in the dairy industry to come to Texas.</p>
<p>Established in 1991, TAD has a proactive advocate and the unifying voice for the dairy industry in Texas. It works closely with various stakeholders, the state legislature, and other government and regulatory bodies in formulating the best solutions for issues affecting within the dairy industry in Texas, such as the environment, animal welfare, and food safety.</p>',
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'title' => 'Kilgore College: Better communities create better students',
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'description' => 'Founded in 1935, Kilgore College is a public two-year community college in eastern Texas with a commitment to create a learner-centered environment that prioritizes student access, professional success, and course completion through local partnerships. ',
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'content' => '<p>Founded in 1935, <a href="https://www.kilgore.edu/" target="_blank" rel="noopener">Kilgore College</a> is a public two-year community college in eastern Texas with a commitment to create a learner-centered environment that prioritizes student access, professional success, and course completion through local partnerships.</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-4-Kilgore-College-Brenda-Kay.jpg" alt="" />
<figcaption class="image-caption">Kilgore College President Dr. Brenda Kays</figcaption>
</figure>
<p>In the last 88 years, KC has provided quality education and specialized training to more than 150,000 students in a diverse range of fields, such as nursing, law enforcement, firefighting, emergency medical services, automotive technology, and radiologic technology, among others.</p>
<p>Not resting on its numerous awards, KC is prouder of its contributions to the city of Kilgore and its nearby communities.</p>
<p>“We have been a mainstay in the Kilgore community,” said KC President Dr. Brenda Kays, who believes that well-informed and well-rounded students are valuable contributors to the local community.</p>
<p>KC encourages all its students and instructors to participate in its Service Learning Program, which Kays says allows instructors and students to grow and learn outside the classroom.</p>
<p>On another front, KC has formed long-term partnerships with local institutions and businesses as part of its Workforce Development-Continuing Education Program, which offers a wide array of courses for lifelong learners, as well as customized classes businesses with specific needs. Among its partners are Worley, Eastman, and Komatsu.</p>
<p>“Kilgore Colelge is strong because we work together with all our partners and students to make sure that the entire community thrives,” Kays said.</p>',
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'id' => '545356',
'title' => 'Italian ambassador provides a glimpse into bilateral partnership with Japan',
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'description' => 'As Italy and Japan further strengthen their partnership in various sectors such as defense, culture, and economy, Italian Ambassador in Japan H.E. Gianluigi Benedetti told GMI POST about the sectors that are gaining more prominence and the communities that are highly involved in strengthening bilateral ties.',
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'content' => '<p>As Italy and Japan further strengthen their partnership in various sectors such as defense, culture, and economy, Italian Ambassador in Japan H.E. Gianluigi Benedetti told GMI POST about the sectors that are gaining more prominence and the communities that are highly involved in strengthening bilateral ties.</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%203-Italian%20Ambassador%20to%20Japan-Benedetti.jpg" alt="" />
<figcaption class="image-caption">Italian Ambassador to Japan, H.E. Gianluigi Benedetti</figcaption>
</figure>
<p>The ambassador spoke about the meeting between Italian Prime Minister Giorgia Meloni and Japanese Prime Minister Fumio Kishida that took place in Rome on January 10, wherein they agreed to upgrade the current relation to a “strategic partnership” and committed to strengthen the industrial and scientific cooperation in the future. </p>
<p>On scientific cooperation, the ambassador said that the <a href="https://www.mofa.go.jp/press/release/press3e_000532.html">15th Japan-Italy Committee Meeting on Science and Technology Cooperation</a>, which gathered representatives from both governments, institutions and research centers and finalized the next round of scientific collaboration.</p>
<p>Benedetti stressed that industrial cooperation was extremely important for the two countries because of their very similar backgrounds. Aside from their shared history, Japan and Italy are also industrial countries with many skilled artisans and engineers. “Our industrial systems are inevitably competing in the global market, but our competences and technologies in areas of mutual interest also offer opportunities for partnership. This is particularly true regarding industrial research and startup scaling up processes,” he said.</p>
<p>Japan and Italy have already collaborated in many areas from physics to mechatronics, from fashion to pharmaceutical, and from automotive to food.</p>
<p>“We have many successful examples of direct investments and industrial presence in our countries, like Marposs, De Nora, Pirelli, Luxottica, Mermec, Hergo, Danieli, Brembo, Savino del Bene, Hitachi and Takeda. However, there are new huge opportunities for industrial cooperation in high tech sectors such as green technologies including hydrogen, space, smart mobility, biopharma and artificial intelligence,” the ambassador said.</p>
<p>“I think these are very important areas where cooperation need to be promoted right away because changes will come in decades. Today, we have an important window of opportunity because both countries are implementing economic recovery plans and the industrial systems are very dynamic and technology oriented,” he added.</p>
<p>“In this fast-changing world, we are leading countries that share the same values and respect for international principles and rules. We have the same responsibilities in helping to address the big challenges of our societies: peace, economic growth, social development and the sustainability of our planet,” he also said.</p>',
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'title' => 'Renowned U.S. chip designer wants to end Nvidia's global dominance',
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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>
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<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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'description' => 'For the third time in the last five years, Virginia 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.',
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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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<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>
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<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
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<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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<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>
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<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' => 'As Italy and Japan further strengthen their partnership in various sectors such as defense, culture, and economy, Italian Ambassador in Japan H.E. Gianluigi Benedetti told GMI POST about the sectors that are gaining more prominence and the communities that are highly involved in strengthening bilateral ties.',
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'content' => '<p>As Italy and Japan further strengthen their partnership in various sectors such as defense, culture, and economy, Italian Ambassador in Japan H.E. Gianluigi Benedetti told GMI POST about the sectors that are gaining more prominence and the communities that are highly involved in strengthening bilateral ties.</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%203-Italian%20Ambassador%20to%20Japan-Benedetti.jpg" alt="" />
<figcaption class="image-caption">Italian Ambassador to Japan, H.E. Gianluigi Benedetti</figcaption>
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<p>The ambassador spoke about the meeting between Italian Prime Minister Giorgia Meloni and Japanese Prime Minister Fumio Kishida that took place in Rome on January 10, wherein they agreed to upgrade the current relation to a “strategic partnership” and committed to strengthen the industrial and scientific cooperation in the future. </p>
<p>On scientific cooperation, the ambassador said that the <a href="https://www.mofa.go.jp/press/release/press3e_000532.html">15th Japan-Italy Committee Meeting on Science and Technology Cooperation</a>, which gathered representatives from both governments, institutions and research centers and finalized the next round of scientific collaboration.</p>
<p>Benedetti stressed that industrial cooperation was extremely important for the two countries because of their very similar backgrounds. Aside from their shared history, Japan and Italy are also industrial countries with many skilled artisans and engineers. “Our industrial systems are inevitably competing in the global market, but our competences and technologies in areas of mutual interest also offer opportunities for partnership. This is particularly true regarding industrial research and startup scaling up processes,” he said.</p>
<p>Japan and Italy have already collaborated in many areas from physics to mechatronics, from fashion to pharmaceutical, and from automotive to food.</p>
<p>“We have many successful examples of direct investments and industrial presence in our countries, like Marposs, De Nora, Pirelli, Luxottica, Mermec, Hergo, Danieli, Brembo, Savino del Bene, Hitachi and Takeda. However, there are new huge opportunities for industrial cooperation in high tech sectors such as green technologies including hydrogen, space, smart mobility, biopharma and artificial intelligence,” the ambassador said.</p>
<p>“I think these are very important areas where cooperation need to be promoted right away because changes will come in decades. Today, we have an important window of opportunity because both countries are implementing economic recovery plans and the industrial systems are very dynamic and technology oriented,” he added.</p>
<p>“In this fast-changing world, we are leading countries that share the same values and respect for international principles and rules. We have the same responsibilities in helping to address the big challenges of our societies: peace, economic growth, social development and the sustainability of our planet,” he also said.</p>',
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Italian ambassador provides a glimpse into bilateral partnership with Japan
As Italy and Japan further strengthen their partnership in various sectors such as defense, culture, and economy, Italian Ambassador in Japan H.E. ...
