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'content' => '<p>Unfazed by the economic challenges brought by the COVID-19 pandemic, Japanese companies have made significant investments in North Carolina.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Honorary-Consul-of-Japan-NC.jpg" alt="" />
<figcaption class="image-caption">David S. Robinson, Honorary Consul of Japan in North Carolina, Chairman of the North Carolina Consular Corps, and international trade attorney at Nexsen Pruet, PLLC</figcaption>
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<p>Global car giant Toyota began construction of a new automotive battery manufacturing plant – Toyota Battery Manufacturing, North Carolina (TBMNC) – in the Greensboro-Randolph Megasite in Liberty, NC. Meanwhile, FUJIFILM Diosynth Biotechnologies announced plans to build its largest manufacturing facility in North America in Holly Springs, a cutting-edge CDMO facility catering to the biotech and pharmaceutical industries.</p>
<p><strong>Despite COVID-19, Japanese companies are still investing in North Carolina</strong></p>
<p><strong> </strong>North Carolina is abundant in natural and human resources, making the state a fertile breeding ground for sustainable energy programs and excellent schools. The overall quality of life is among the reasons Japanese investors choose the southeast region, according to David S. Robinson, the Honorary Consul of Japan in North Carolina, Chairman of the <a href="https://www.ncconsul.org/" target="_blank" rel="noopener">North Carolina Consular Corps</a>, and international trade attorney at <a href="https://www.nexsenpruet.com/professionals-david-s-robinson" target="_blank" rel="noopener">Nexsen Pruet, PLLC</a>.</p>
<p>Robinson also stressed that Japan and North Carolina enjoy fruitful and dynamic business partnerships because of the “Southern hospitality” that welcomes Japanese expats into our communities. </p>
<p>“<strong>We’ve come a long way</strong>,” — Robinson</p>
<p>Traditionally a producer of textiles, tobacco, and furniture, North Carolina is making a global name for itself as an important hub for the biotech, biomanufacturing, information technology, aerospace and pharmaceutical industries.</p>
<p>“Companies are coming here to invest and tap the intellectual resources in our state, and not to manufacture low-value goods. They’re coming here now because there’s a sophisticated workforce in a business-friendly environment that facilitates the development of pharmaceuticals and advanced manufacturing, among other fields” he said.</p>
<p>Aside from the Research Triangle Park area, which has the highest concentration of Japanese investments in the state, according to Robinson, the Charlotte area and other more rural communities are also attracting a growing number of investors from Japan and the rest of the world.</p>
<p>“The ‘I-85 corridor’ from Virginia down to Atlanta, which goes through the Raleigh and Charlotte areas, remains highly attractive to foreign investors due to the easy access to markets, relatively inexpensive operating costs and a talented workforce. This corridor in North Carolina has attracted the likes of HondaJet, Morinaga, and Ajinomoto,” he said.</p>
<p><strong>“I would like to see more foreign exchange students.” </strong></p>
<p>Though there has been a decline in the number of exchange students, Robinson believes many problems are solved through closer partnerships, like the ones North Carolina State University has with Japanese research institutions like Waseda University and Sophia University. The state also has top-ranking Duke University and the University of North Carolina at Chapel Hill, each with excellent language and foreign relations programs.</p>
<p>Aside from having one of the country’s highest concentrations of Ph.D. graduates in the nation, the Raleigh-Durham-Cary area also has one of the most vibrant community college systems in the U.S. Robinson notes that “worker training programs offered by the state’s community colleges can often be a critical incentive for businesses considering an investment in North Carolina.”</p>
<p>Amid the growing popularity of distance learning, which provides its own benefits, Robinson still wants to encourage more physical student exchange programs between Japan and North Carolina.</p>
<p>“There is still no substitute for being in a particular country. It changes perspectives and even lives,” he stressed.</p>
<p><strong>On strengthening the ties between the Carolinas and Japan</strong></p>
<p>With more than 17,000 North Carolinians working for Japanese companies, and Japanese consumers enjoying many products grown and manufactured in North Carolina, the benefits of the cross-cultural exchange in the workplace is invaluable.</p>
<p>“It’s been a wonderful collaboration over the years because we share common fundamentals, like social responsibility and respect for the rule of commercial law. We view business in very similar ways. The collaboration seems to work quite well because we have this mutual foundation,” Robinson said.</p>',
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'content' => '<p>Sharing many common traits, among them a fondness for golf and warm hospitality, Kazuyuki Takeuchi, the <a href="https://www.atlanta.us.emb-japan.go.jp/itprtop_en/index.html" target="_blank" rel="noopener">Consul General of Japan in Atlanta</a>, believes that Japan and states in the southeastern US can benefit from each other, whether it be in business or outside business.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Japan-Consul-Atlanta.jpg" alt="" />
<figcaption class="image-caption">Consul General of Japan in Atlanta Kazuyuki Takeuchi (3rd from right) with state officials of Georgia</figcaption>
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<p>Takeuchi emphasized that, aside from being ideal locations to live, the Southeastern states, like Georgia, have business-friendly climates and is promoting new industries, such as e-sports and film. Japanese investment has also grown consistently in the neighboring states of Alabama, North Carolina and South Carolina, as well.</p>
<p>Among the newest investors in Georgia include Japan-based YKK Group, the world’s largest manufacturer of zippers and other fastening products. Meanwhile, heavy equipment maker Kubota Corp. announced plans to open a new plant in Georgia to meet the increasing demand for tractors in North America.</p>
<p>“More than half of their equipment is sold in the United States,” said Takeuchi, who pointed out that the investments from YKK Group and Kubota Corporation will generate new jobs for local residents.</p>
<p><strong>Immortalizing long-lasting friendships and partnerships</strong></p>
<p>Just this September, Georgia hosted the 35th edition of JapanFest Atlanta. The two-day event, which aims to share the richness of Japanese culture with Georgians, attracted more than 20,000 people. It was organized by the Japan-America Society of Georgia and the Japanese Chamber of Commerce of Georgia, and supported by the Consulate General of Japan in Atlanta.</p>
<p>To celebrate the long friendship between Japan and Georgia, the Japan-America Society of Georgia, the Japanese Chamber of Commerce of Georgia, the Consulate General of Japan in Atlanta, and JETRO Atlanta are working to complete the Peace Bell Tower at The Carter Center.</p>
<p>The project will also highlight the various contributions of Japanese-affiliated organizations in Georgia to enrich relations between Japan and Georgia in the fields of culture, economy, and education.</p>',
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'title' => 'Kentucky and Japan aren't that different - Here's why',
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'description' => 'As the Japan/America Society of Kentucky celebrates its 35th anniversary, David Carpenter, the organization's President and Honorary Consul of Japan in Lexington, sat down with GMI POST to paint a picture of the relationship between Japan and Kentucky. ',
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'content' => '<p>As the <a href="https://www.jask.org/" target="_blank" rel="noopener">Japan/America Society of Kentucky</a> celebrates its 35th anniversary, David Carpenter, the organization’s President and Honorary Consul of Japan in Lexington, sat down with GMI POST to paint a picture of the relationship between Japan and Kentucky.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Japan-America-Society-Kentucky-David-Carpenter.jpg" alt="" />
<figcaption class="image-caption">David Carpenter, Japan/America Society of Kentucky President and Honorary Consul of Japan in Lexington</figcaption>
</figure>
<p>For Carpenter, the State of Kentucky and Japan enjoy a “robust and dynamic” relationship that runs deeper than any official document because of their shared core values, namely respect for deep family ties, a commitment to lasting relationships, and dedication to strong work ethic. He further points to these shared values as the bedrock and main drivers of growth behind the booming Japan-Kentucky relationship. With nearly 200 Japanese-owned companies operating in the state today, Japan is the largest foreign investor in Kentucky.</p>
<p><strong>“</strong>Kentucky has 120 counties. Yet, everybody that you talk to has some connection to Japan. I have a brother that works at Toyota. My son studies Japanese. My grandchildren are interested in <em>anime</em> and Pokemon,” said Carpenter, who emphasized how these shared connections are crucial to effectively bridging cultural and communication gaps between communities.</p>
<p>“If you want to form really strong bonds, your conversations have to go beyond the workplace,” the honorary consul added.</p>
<p>A good example of how the Japan/America Society of Kentucky nurtures these relationships is through its language classes, golf tournaments, and other community programs that have paved the way for favorable personal and business relationships.</p>
<p><strong>What’s the future of the Japan-Kentucky relationship? </strong></p>
<p>If the billions of dollars from new Japanese investments across a diverse range of sectors is any indication, like Jim Beam, Envision AESC, Toyota<em>,</em> the link between Japan and Kentucky looks stronger than ever. And the fruits of those ties go beyond the economy.</p>
<p>Carpenter shared that he already had high-level conversations with the U.S. State Department on creating more cultural and educational exchange programs between Japan and Kentucky. He also told GMI POST of his goal to establish a Japanese immersion school right in the heart of Kentucky.</p>
<p>True to Kentucky’s state motto<em> “United we stand. Divided we fall”, </em>Carpenter believes that the Japanese-Kentucky relationship runs deeper than its common appreciation for development, excellence, and innovation. Rather, a shared understanding of the value of relationships and community spirit makes Kentucky an exceptional choice for Japanese businesses.</p>',
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'title' => 'Knoxville - the Industry 4.0 hub in Tennessee',
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'description' => 'Since 1869, the Knoxville Chamber of Commerce has built its reputation as the leading business group in Tennessee. In May 2020, the Knoxville Chamber of Commerce released its five-year strategic plan, called Path to Prosperity, to create an economic ecosystem that will fuel growth for existing industries, create future business opportunities, and generate more employment. ',
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'content' => '<p>Since 1869, the <a href="https://www.knoxvillechamber.com/" target="_blank" rel="noopener">Knoxville Chamber</a> has built its reputation as a leading business group in Tennessee. In May 2020, the Knoxville Chamber released its five-year strategic plan, called <em>Path to Prosperity,</em> to create an economic ecosystem that will fuel growth for existing industries, create future business opportunities, and generate more employment. This ecosystem will cover small businesses, talent and workforce development, entrepreneurial development programs, infrastructure, research and development, and the traditional economic development areas.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Knoxville-Chamber-of-Commerce-Doug-Lawyer-1.jpg" alt="" />
<figcaption class="image-caption">Doug Lawyer, Knoxville Chamber Vice President of Economic Development</figcaption>
</figure>
<p>Since the outbreak of the COVID-19 pandemic, Knox County, the third-largest county in Tennessee, has seen significant growth in employment, adding around 9,000 new people to the workforce. Knoxville Chamber’s Vice President of Economic Development Doug Lawyer said the organization has “seen both existing businesses expanding as well as new companies coming in, with good mix of industry types — from information technology and cybersecurity-type operations to traditional manufacturing to logistics services are areas that we’re seeing a lot of growth in.”</p>
<p>Lawyer stressed the importance of research and development in economic growth. In fact, Knoxville houses some world-class technology assets: the University of Tennessee, a major research university; the Tennessee Valley Authority, an electric utility corporation in the USA; and Oak Ridge National Laboratory, the world’s premier research institution that houses the world’s fastest supercomputer.</p>
<p>The group intends to continue collaboration with companies that can capitalize on their technology assets, such as the Japanese-owned DENSO Manufacturing Tennessee, Inc., a manufacturer of electrification and safety components, instrument clusters, and automotive electronic products.</p>
<p>Other Japanese companies with a strong footprint in manufacturing and automotive components in Tennessee are EXEDY America Corporation, a manufacturer of drivetrain components and related systems, mainly torque converters and manual clutches; OTICS USA, Inc., an automobile part manufacturer; and JTEKT Corporation, a global leader in engineering and manufacturing automotive systems, bearing solutions, and high-performance machine tools.</p>
<p>“Our value proposition is we feel we have very similar technology assets at a much lower cost of operation and just as high, if not better, quality of life than other places,” said Lawyer, who stressed that Knoxville’s technology assets perform at par with Silicon Valley or the Research Triangle.</p>
<p>Aside from being an Industry 4.0 hub, Knoxville also prides itself on having a dynamic Asian community, a vibrant cultural community, and amazing outdoor recreation assets.</p>',
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'title' => 'Alabama's game plan rests on waterways reliability',
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'description' => 'When Alabama saw growth in its manufacturing industry and became a major producer of metallurgical coals and steam coals, a group of business leaders, manufacturers, and statesmen gathered in Birmingham and established the Warrior-Tombigbee Waterway Association to modernize the waterway system. Since its establishment in 1951, the association has decreased the number of locks and dams from 17 to six, resulting in around a 255-foot lift.',
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'content' => '<p>“We continue to look for opportunities to improve the Black Warrior- Tombigbee Waterway system. The name of the game in waterways is reliability. So, we focus on reliability,” stressed W. Wynne Fuller, President of the Warrior-Tombigbee Waterway Association.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Warrior-Tombigbee-Waterways-Association-Waterway.jpg" alt="" />
<figcaption class="image-caption">Alabama's Warrior-Tombigbee Waterway provides easy access to the world market.</figcaption>
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<p>When Alabama saw growth in its manufacturing industry and became a major producer of metallurgical coals and steam coals, a group of business leaders, manufacturers, and statesmen established the <a href="https://warriortombigbee.com/index.php" target="_blank" rel="noopener">Warrior-Tombigbee Waterway Association</a> in 1951 to focus on improving the waterway system.</p>
<p>Since then, its advocacy for modernization resulted in fewer but much larger, higher lift locks over the length of the waterway that connected mining, refining, and steel companies to the Port of Mobile, a major transportation hub with access to global markets.</p>
<p>Warrior-Tombigbee Waterway Association also collaborates with the federal and state agencies to ensure the round-the-clock safety of waterway operators, users, and shippers, the smooth operation of the transportation corridor all year round, and the readiness of its resources to address any waterway transportation conflicts.</p>
<p>The Association also supports economic development programs, working with the Department of Commerce and other entities, like the Alabama Chambers of Commerce, that provide educational facilities and training programs.</p>
<p>Such training programs are supported by the likes of the University of Alabama, Auburn University, the University of North Alabama in Huntsville, the University of South Alabama in Mobile, and the University of Alabama at Birmingham.</p>
<p>While Alabama possesses abundant fuel resources, such as coal, petroleum, and natural gas, Fuller believes Alabama is moving away from coal-powered generation to achieve a green state status.</p>
<p>Despite the challenges throughout the USA, such as the supply chain and inflation, Fuller sees a bullish business landscape in Alabama, whether in aerospace or manufacturing materials.</p>
<p>“I see companies like Amsler Mattel and Nippon Steel. They’re making a $1.5 billion investment in a new electric arc furnace. It will produce a million and a half slabs of steel. In Mobile, Alabama, we’ve got Mitsubishi Polysilicon and Mitsubishi Chemical Corporation. We have the Japanese American Society of Alabama headquartered in Birmingham,” he said.</p>
<p>Fuller also points out that the state is attractive to the Japanese because they find common ground in terms of their work ethic and values.</p>
<p>“We encourage the Japanese to come to Alabama and to look at our waterways. There are tremendous investment opportunities. There are sites that have been developed that are waiting for industries with the vision and resources to create more great partnerships. We would just encourage people to come to Alabama and take a look at these opportunities on the waterways and become part of our state,” he 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>
</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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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Melexis.jpg" alt="" />
<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
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<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-FANUC.jpg" alt="" />
<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'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>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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'description' => 'Ontario-based multinational Lee Li Holdings (LLH) CEO Lee Q. Shim told Cambodian Prime Minister Hun Manet in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.',
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'content' => '<p>Ontario-based multinational <strong>Lee Li Holdings (LLH)</strong> <strong>CEO Lee Q. Shim</strong> told <strong>Cambodian Prime Minister Hun Manet </strong>in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-CAMB-Li-Lee-Holdings.jpg" alt="" />
<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
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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' => 'Since 1869, the Knoxville Chamber of Commerce has built its reputation as the leading business group in Tennessee. In May 2020, the Knoxville Chamber of Commerce released its five-year strategic plan, called Path to Prosperity, to create an economic ecosystem that will fuel growth for existing industries, create future business opportunities, and generate more employment. ',
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'content' => '<p>Since 1869, the <a href="https://www.knoxvillechamber.com/" target="_blank" rel="noopener">Knoxville Chamber</a> has built its reputation as a leading business group in Tennessee. In May 2020, the Knoxville Chamber released its five-year strategic plan, called <em>Path to Prosperity,</em> to create an economic ecosystem that will fuel growth for existing industries, create future business opportunities, and generate more employment. This ecosystem will cover small businesses, talent and workforce development, entrepreneurial development programs, infrastructure, research and development, and the traditional economic development areas.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Knoxville-Chamber-of-Commerce-Doug-Lawyer-1.jpg" alt="" />
<figcaption class="image-caption">Doug Lawyer, Knoxville Chamber Vice President of Economic Development</figcaption>
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<p>Since the outbreak of the COVID-19 pandemic, Knox County, the third-largest county in Tennessee, has seen significant growth in employment, adding around 9,000 new people to the workforce. Knoxville Chamber’s Vice President of Economic Development Doug Lawyer said the organization has “seen both existing businesses expanding as well as new companies coming in, with good mix of industry types — from information technology and cybersecurity-type operations to traditional manufacturing to logistics services are areas that we’re seeing a lot of growth in.”</p>
<p>Lawyer stressed the importance of research and development in economic growth. In fact, Knoxville houses some world-class technology assets: the University of Tennessee, a major research university; the Tennessee Valley Authority, an electric utility corporation in the USA; and Oak Ridge National Laboratory, the world’s premier research institution that houses the world’s fastest supercomputer.</p>
<p>The group intends to continue collaboration with companies that can capitalize on their technology assets, such as the Japanese-owned DENSO Manufacturing Tennessee, Inc., a manufacturer of electrification and safety components, instrument clusters, and automotive electronic products.</p>
<p>Other Japanese companies with a strong footprint in manufacturing and automotive components in Tennessee are EXEDY America Corporation, a manufacturer of drivetrain components and related systems, mainly torque converters and manual clutches; OTICS USA, Inc., an automobile part manufacturer; and JTEKT Corporation, a global leader in engineering and manufacturing automotive systems, bearing solutions, and high-performance machine tools.</p>
<p>“Our value proposition is we feel we have very similar technology assets at a much lower cost of operation and just as high, if not better, quality of life than other places,” said Lawyer, who stressed that Knoxville’s technology assets perform at par with Silicon Valley or the Research Triangle.</p>
<p>Aside from being an Industry 4.0 hub, Knoxville also prides itself on having a dynamic Asian community, a vibrant cultural community, and amazing outdoor recreation assets.</p>',
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<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Honorary-Consul-of-Japan-NC.jpg" alt="" />
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<p>Global car giant Toyota began construction of a new automotive battery manufacturing plant – Toyota Battery Manufacturing, North Carolina (TBMNC) – in the Greensboro-Randolph Megasite in Liberty, NC. Meanwhile, FUJIFILM Diosynth Biotechnologies announced plans to build its largest manufacturing facility in North America in Holly Springs, a cutting-edge CDMO facility catering to the biotech and pharmaceutical industries.</p>
<p><strong>Despite COVID-19, Japanese companies are still investing in North Carolina</strong></p>
<p><strong> </strong>North Carolina is abundant in natural and human resources, making the state a fertile breeding ground for sustainable energy programs and excellent schools. The overall quality of life is among the reasons Japanese investors choose the southeast region, according to David S. Robinson, the Honorary Consul of Japan in North Carolina, Chairman of the <a href="https://www.ncconsul.org/" target="_blank" rel="noopener">North Carolina Consular Corps</a>, and international trade attorney at <a href="https://www.nexsenpruet.com/professionals-david-s-robinson" target="_blank" rel="noopener">Nexsen Pruet, PLLC</a>.</p>
<p>Robinson also stressed that Japan and North Carolina enjoy fruitful and dynamic business partnerships because of the “Southern hospitality” that welcomes Japanese expats into our communities. </p>
<p>“<strong>We’ve come a long way</strong>,” — Robinson</p>
<p>Traditionally a producer of textiles, tobacco, and furniture, North Carolina is making a global name for itself as an important hub for the biotech, biomanufacturing, information technology, aerospace and pharmaceutical industries.</p>
<p>“Companies are coming here to invest and tap the intellectual resources in our state, and not to manufacture low-value goods. They’re coming here now because there’s a sophisticated workforce in a business-friendly environment that facilitates the development of pharmaceuticals and advanced manufacturing, among other fields” he said.</p>
<p>Aside from the Research Triangle Park area, which has the highest concentration of Japanese investments in the state, according to Robinson, the Charlotte area and other more rural communities are also attracting a growing number of investors from Japan and the rest of the world.</p>
<p>“The ‘I-85 corridor’ from Virginia down to Atlanta, which goes through the Raleigh and Charlotte areas, remains highly attractive to foreign investors due to the easy access to markets, relatively inexpensive operating costs and a talented workforce. This corridor in North Carolina has attracted the likes of HondaJet, Morinaga, and Ajinomoto,” he said.</p>
<p><strong>“I would like to see more foreign exchange students.” </strong></p>
<p>Though there has been a decline in the number of exchange students, Robinson believes many problems are solved through closer partnerships, like the ones North Carolina State University has with Japanese research institutions like Waseda University and Sophia University. The state also has top-ranking Duke University and the University of North Carolina at Chapel Hill, each with excellent language and foreign relations programs.</p>
<p>Aside from having one of the country’s highest concentrations of Ph.D. graduates in the nation, the Raleigh-Durham-Cary area also has one of the most vibrant community college systems in the U.S. Robinson notes that “worker training programs offered by the state’s community colleges can often be a critical incentive for businesses considering an investment in North Carolina.”</p>
<p>Amid the growing popularity of distance learning, which provides its own benefits, Robinson still wants to encourage more physical student exchange programs between Japan and North Carolina.</p>
<p>“There is still no substitute for being in a particular country. It changes perspectives and even lives,” he stressed.</p>
<p><strong>On strengthening the ties between the Carolinas and Japan</strong></p>
<p>With more than 17,000 North Carolinians working for Japanese companies, and Japanese consumers enjoying many products grown and manufactured in North Carolina, the benefits of the cross-cultural exchange in the workplace is invaluable.</p>
<p>“It’s been a wonderful collaboration over the years because we share common fundamentals, like social responsibility and respect for the rule of commercial law. We view business in very similar ways. The collaboration seems to work quite well because we have this mutual foundation,” Robinson said.</p>',
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'title' => 'Japanese YKK Group and Kubota invest in Atlanta, Georgia ',
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'description' => 'Among the newest investors in Georgia include Japan-based YKK Group, the world's largest manufacturer of zippers and other fastening products. Meanwhile, heavy equipment maker Kubota Corp. announced plans to open a new plant in Georgia to meet the increasing demand for tractors in North America. ',
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'content' => '<p>Sharing many common traits, among them a fondness for golf and warm hospitality, Kazuyuki Takeuchi, the <a href="https://www.atlanta.us.emb-japan.go.jp/itprtop_en/index.html" target="_blank" rel="noopener">Consul General of Japan in Atlanta</a>, believes that Japan and states in the southeastern US can benefit from each other, whether it be in business or outside business.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Japan-Consul-Atlanta.jpg" alt="" />
<figcaption class="image-caption">Consul General of Japan in Atlanta Kazuyuki Takeuchi (3rd from right) with state officials of Georgia</figcaption>
</figure>
<p>Takeuchi emphasized that, aside from being ideal locations to live, the Southeastern states, like Georgia, have business-friendly climates and is promoting new industries, such as e-sports and film. Japanese investment has also grown consistently in the neighboring states of Alabama, North Carolina and South Carolina, as well.</p>
<p>Among the newest investors in Georgia include Japan-based YKK Group, the world’s largest manufacturer of zippers and other fastening products. Meanwhile, heavy equipment maker Kubota Corp. announced plans to open a new plant in Georgia to meet the increasing demand for tractors in North America.</p>
<p>“More than half of their equipment is sold in the United States,” said Takeuchi, who pointed out that the investments from YKK Group and Kubota Corporation will generate new jobs for local residents.</p>
<p><strong>Immortalizing long-lasting friendships and partnerships</strong></p>
<p>Just this September, Georgia hosted the 35th edition of JapanFest Atlanta. The two-day event, which aims to share the richness of Japanese culture with Georgians, attracted more than 20,000 people. It was organized by the Japan-America Society of Georgia and the Japanese Chamber of Commerce of Georgia, and supported by the Consulate General of Japan in Atlanta.</p>
<p>To celebrate the long friendship between Japan and Georgia, the Japan-America Society of Georgia, the Japanese Chamber of Commerce of Georgia, the Consulate General of Japan in Atlanta, and JETRO Atlanta are working to complete the Peace Bell Tower at The Carter Center.</p>
<p>The project will also highlight the various contributions of Japanese-affiliated organizations in Georgia to enrich relations between Japan and Georgia in the fields of culture, economy, and education.</p>',
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'title' => 'Kentucky and Japan aren't that different - Here's why',
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'description' => 'As the Japan/America Society of Kentucky celebrates its 35th anniversary, David Carpenter, the organization's President and Honorary Consul of Japan in Lexington, sat down with GMI POST to paint a picture of the relationship between Japan and Kentucky. ',
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'content' => '<p>As the <a href="https://www.jask.org/" target="_blank" rel="noopener">Japan/America Society of Kentucky</a> celebrates its 35th anniversary, David Carpenter, the organization’s President and Honorary Consul of Japan in Lexington, sat down with GMI POST to paint a picture of the relationship between Japan and Kentucky.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Japan-America-Society-Kentucky-David-Carpenter.jpg" alt="" />
<figcaption class="image-caption">David Carpenter, Japan/America Society of Kentucky President and Honorary Consul of Japan in Lexington</figcaption>
</figure>
<p>For Carpenter, the State of Kentucky and Japan enjoy a “robust and dynamic” relationship that runs deeper than any official document because of their shared core values, namely respect for deep family ties, a commitment to lasting relationships, and dedication to strong work ethic. He further points to these shared values as the bedrock and main drivers of growth behind the booming Japan-Kentucky relationship. With nearly 200 Japanese-owned companies operating in the state today, Japan is the largest foreign investor in Kentucky.</p>
<p><strong>“</strong>Kentucky has 120 counties. Yet, everybody that you talk to has some connection to Japan. I have a brother that works at Toyota. My son studies Japanese. My grandchildren are interested in <em>anime</em> and Pokemon,” said Carpenter, who emphasized how these shared connections are crucial to effectively bridging cultural and communication gaps between communities.</p>
<p>“If you want to form really strong bonds, your conversations have to go beyond the workplace,” the honorary consul added.</p>
<p>A good example of how the Japan/America Society of Kentucky nurtures these relationships is through its language classes, golf tournaments, and other community programs that have paved the way for favorable personal and business relationships.</p>
<p><strong>What’s the future of the Japan-Kentucky relationship? </strong></p>
<p>If the billions of dollars from new Japanese investments across a diverse range of sectors is any indication, like Jim Beam, Envision AESC, Toyota<em>,</em> the link between Japan and Kentucky looks stronger than ever. And the fruits of those ties go beyond the economy.</p>
<p>Carpenter shared that he already had high-level conversations with the U.S. State Department on creating more cultural and educational exchange programs between Japan and Kentucky. He also told GMI POST of his goal to establish a Japanese immersion school right in the heart of Kentucky.</p>
<p>True to Kentucky’s state motto<em> “United we stand. Divided we fall”, </em>Carpenter believes that the Japanese-Kentucky relationship runs deeper than its common appreciation for development, excellence, and innovation. Rather, a shared understanding of the value of relationships and community spirit makes Kentucky an exceptional choice for Japanese businesses.</p>',
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'title' => 'Knoxville - the Industry 4.0 hub in Tennessee',
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'description' => 'Since 1869, the Knoxville Chamber of Commerce has built its reputation as the leading business group in Tennessee. In May 2020, the Knoxville Chamber of Commerce released its five-year strategic plan, called Path to Prosperity, to create an economic ecosystem that will fuel growth for existing industries, create future business opportunities, and generate more employment. ',
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'content' => '<p>Since 1869, the <a href="https://www.knoxvillechamber.com/" target="_blank" rel="noopener">Knoxville Chamber</a> has built its reputation as a leading business group in Tennessee. In May 2020, the Knoxville Chamber released its five-year strategic plan, called <em>Path to Prosperity,</em> to create an economic ecosystem that will fuel growth for existing industries, create future business opportunities, and generate more employment. This ecosystem will cover small businesses, talent and workforce development, entrepreneurial development programs, infrastructure, research and development, and the traditional economic development areas.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Knoxville-Chamber-of-Commerce-Doug-Lawyer-1.jpg" alt="" />
<figcaption class="image-caption">Doug Lawyer, Knoxville Chamber Vice President of Economic Development</figcaption>
</figure>
<p>Since the outbreak of the COVID-19 pandemic, Knox County, the third-largest county in Tennessee, has seen significant growth in employment, adding around 9,000 new people to the workforce. Knoxville Chamber’s Vice President of Economic Development Doug Lawyer said the organization has “seen both existing businesses expanding as well as new companies coming in, with good mix of industry types — from information technology and cybersecurity-type operations to traditional manufacturing to logistics services are areas that we’re seeing a lot of growth in.”</p>
<p>Lawyer stressed the importance of research and development in economic growth. In fact, Knoxville houses some world-class technology assets: the University of Tennessee, a major research university; the Tennessee Valley Authority, an electric utility corporation in the USA; and Oak Ridge National Laboratory, the world’s premier research institution that houses the world’s fastest supercomputer.</p>
<p>The group intends to continue collaboration with companies that can capitalize on their technology assets, such as the Japanese-owned DENSO Manufacturing Tennessee, Inc., a manufacturer of electrification and safety components, instrument clusters, and automotive electronic products.</p>
<p>Other Japanese companies with a strong footprint in manufacturing and automotive components in Tennessee are EXEDY America Corporation, a manufacturer of drivetrain components and related systems, mainly torque converters and manual clutches; OTICS USA, Inc., an automobile part manufacturer; and JTEKT Corporation, a global leader in engineering and manufacturing automotive systems, bearing solutions, and high-performance machine tools.</p>
<p>“Our value proposition is we feel we have very similar technology assets at a much lower cost of operation and just as high, if not better, quality of life than other places,” said Lawyer, who stressed that Knoxville’s technology assets perform at par with Silicon Valley or the Research Triangle.</p>
<p>Aside from being an Industry 4.0 hub, Knoxville also prides itself on having a dynamic Asian community, a vibrant cultural community, and amazing outdoor recreation assets.</p>',
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'title' => 'Alabama's game plan rests on waterways reliability',
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'description' => 'When Alabama saw growth in its manufacturing industry and became a major producer of metallurgical coals and steam coals, a group of business leaders, manufacturers, and statesmen gathered in Birmingham and established the Warrior-Tombigbee Waterway Association to modernize the waterway system. Since its establishment in 1951, the association has decreased the number of locks and dams from 17 to six, resulting in around a 255-foot lift.',
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'content' => '<p>“We continue to look for opportunities to improve the Black Warrior- Tombigbee Waterway system. The name of the game in waterways is reliability. So, we focus on reliability,” stressed W. Wynne Fuller, President of the Warrior-Tombigbee Waterway Association.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Warrior-Tombigbee-Waterways-Association-Waterway.jpg" alt="" />
<figcaption class="image-caption">Alabama's Warrior-Tombigbee Waterway provides easy access to the world market.</figcaption>
</figure>
<p>When Alabama saw growth in its manufacturing industry and became a major producer of metallurgical coals and steam coals, a group of business leaders, manufacturers, and statesmen established the <a href="https://warriortombigbee.com/index.php" target="_blank" rel="noopener">Warrior-Tombigbee Waterway Association</a> in 1951 to focus on improving the waterway system.</p>
<p>Since then, its advocacy for modernization resulted in fewer but much larger, higher lift locks over the length of the waterway that connected mining, refining, and steel companies to the Port of Mobile, a major transportation hub with access to global markets.</p>
<p>Warrior-Tombigbee Waterway Association also collaborates with the federal and state agencies to ensure the round-the-clock safety of waterway operators, users, and shippers, the smooth operation of the transportation corridor all year round, and the readiness of its resources to address any waterway transportation conflicts.</p>
<p>The Association also supports economic development programs, working with the Department of Commerce and other entities, like the Alabama Chambers of Commerce, that provide educational facilities and training programs.</p>
<p>Such training programs are supported by the likes of the University of Alabama, Auburn University, the University of North Alabama in Huntsville, the University of South Alabama in Mobile, and the University of Alabama at Birmingham.</p>
<p>While Alabama possesses abundant fuel resources, such as coal, petroleum, and natural gas, Fuller believes Alabama is moving away from coal-powered generation to achieve a green state status.</p>
<p>Despite the challenges throughout the USA, such as the supply chain and inflation, Fuller sees a bullish business landscape in Alabama, whether in aerospace or manufacturing materials.</p>
<p>“I see companies like Amsler Mattel and Nippon Steel. They’re making a $1.5 billion investment in a new electric arc furnace. It will produce a million and a half slabs of steel. In Mobile, Alabama, we’ve got Mitsubishi Polysilicon and Mitsubishi Chemical Corporation. We have the Japanese American Society of Alabama headquartered in Birmingham,” he said.</p>
<p>Fuller also points out that the state is attractive to the Japanese because they find common ground in terms of their work ethic and values.</p>
<p>“We encourage the Japanese to come to Alabama and to look at our waterways. There are tremendous investment opportunities. There are sites that have been developed that are waiting for industries with the vision and resources to create more great partnerships. We would just encourage people to come to Alabama and take a look at these opportunities on the waterways and become part of our state,” he 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>
<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>
<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' => 'Since 1869, the Knoxville Chamber of Commerce has built its reputation as the leading business group in Tennessee. In May 2020, the Knoxville Chamber of Commerce released its five-year strategic plan, called Path to Prosperity, to create an economic ecosystem that will fuel growth for existing industries, create future business opportunities, and generate more employment. ',
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'content' => '<p>Since 1869, the <a href="https://www.knoxvillechamber.com/" target="_blank" rel="noopener">Knoxville Chamber</a> has built its reputation as a leading business group in Tennessee. In May 2020, the Knoxville Chamber released its five-year strategic plan, called <em>Path to Prosperity,</em> to create an economic ecosystem that will fuel growth for existing industries, create future business opportunities, and generate more employment. This ecosystem will cover small businesses, talent and workforce development, entrepreneurial development programs, infrastructure, research and development, and the traditional economic development areas.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Knoxville-Chamber-of-Commerce-Doug-Lawyer-1.jpg" alt="" />
<figcaption class="image-caption">Doug Lawyer, Knoxville Chamber Vice President of Economic Development</figcaption>
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<p>Since the outbreak of the COVID-19 pandemic, Knox County, the third-largest county in Tennessee, has seen significant growth in employment, adding around 9,000 new people to the workforce. Knoxville Chamber’s Vice President of Economic Development Doug Lawyer said the organization has “seen both existing businesses expanding as well as new companies coming in, with good mix of industry types — from information technology and cybersecurity-type operations to traditional manufacturing to logistics services are areas that we’re seeing a lot of growth in.”</p>
<p>Lawyer stressed the importance of research and development in economic growth. In fact, Knoxville houses some world-class technology assets: the University of Tennessee, a major research university; the Tennessee Valley Authority, an electric utility corporation in the USA; and Oak Ridge National Laboratory, the world’s premier research institution that houses the world’s fastest supercomputer.</p>
<p>The group intends to continue collaboration with companies that can capitalize on their technology assets, such as the Japanese-owned DENSO Manufacturing Tennessee, Inc., a manufacturer of electrification and safety components, instrument clusters, and automotive electronic products.</p>
<p>Other Japanese companies with a strong footprint in manufacturing and automotive components in Tennessee are EXEDY America Corporation, a manufacturer of drivetrain components and related systems, mainly torque converters and manual clutches; OTICS USA, Inc., an automobile part manufacturer; and JTEKT Corporation, a global leader in engineering and manufacturing automotive systems, bearing solutions, and high-performance machine tools.</p>
<p>“Our value proposition is we feel we have very similar technology assets at a much lower cost of operation and just as high, if not better, quality of life than other places,” said Lawyer, who stressed that Knoxville’s technology assets perform at par with Silicon Valley or the Research Triangle.</p>
<p>Aside from being an Industry 4.0 hub, Knoxville also prides itself on having a dynamic Asian community, a vibrant cultural community, and amazing outdoor recreation assets.</p>',
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Knoxville - the Industry 4.0 hub in Tennessee
Since 1869, the Knoxville Chamber of Commerce has built its reputation as the leading business group in Tennessee. In May 2020, the Knoxville Chamb...
