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CG Power receives government subsidy to build OSAT facility in India

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TAIPEI, Jan. 23, 2025 /PRNewswire/ — According to the news report from the technology-focused media DIGITIMES Asia, CG Power and Industrial Solutions signed a fiscal support agreement with the India Semiconductor Mission as India strives to become a global semiconductor hub.

CG Power and Industrial Solutions, along with CG Semi Private Limited and the India Semiconductor Mission under the Ministry of Electronics and IT of India, have entered into a fiscal support agreement. As reported by IANS, KNN India, and Business Standard, the agreement secures a subsidy of up to INR35.01 billion (approx. US$404.09 million) for an OSAT facility in Sanand, Gujarat. This funding will cover 50% of the eligible capex necessary for the project, ensuring significant government backing for its development.

In 2024, CG Power and Industrial Solutions revealed plans for a joint venture with Japan’s Renesas Electronics and Thailand’s Stars Microelectronics to establish an OSAT facility in India. This endeavor will see an investment of INR76 billion (approx. US$877.20 million) over the next five years, supported by subsidies, equity, and possible bank loans.

The Sanand facility will produce up to 15 million units daily, catering to a diverse array of sectors, including automotive, consumer, industrial, and 5G, by offering a comprehensive range of products from legacy to advanced packages. The project is enhanced by receiving 50% fiscal support for eligible capexs.

S. Krishnan, Secretary of MeitY, praised CG Power for their in-depth understanding of the sector and rapid progress while stressing the importance of domestic intellectual property and market growth. He expressed confidence in CG Power’s key role in the electronics value chain and its contribution to India’s US$500 billion electronics production target by 2030. He affirmed the Indian government’s continued support for the CG OSAT project.

Vellayan Subbiah, chairman of CG Power, stated that the agreement is a significant milestone for India’s semiconductor industry, advancing the country’s self-reliance in manufacturing and design. He pointed out that although Indians make up almost 20% of the global semiconductor design workforce, it is crucial for India to develop local brands and intellectual property while simultaneously boosting demand and establishing a strong supply chain.

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SOURCE DIGITIMES ASIA

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Tuniu Has Regained Compliance with Nasdaq’s Minimum Bid Price Requirement

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NANJING, China, May 7, 2026 /PRNewswire/ — Tuniu Corporation (Nasdaq: TOUR) (“Tuniu” or the “Company”), a leading online leisure travel company in China, today announced that it has received a notification letter (the “Compliance Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market Inc. (“Nasdaq”) dated May 6, 2026, informing the Company that it has regained compliance with the Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

As previously disclosed, on May 19, 2025, the Company received a letter from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1), as the closing bid price of the ADSs had been below US$1.00 per ADS for the previous 30 consecutive business days. The Company was given a period of 180 calendar days, or until November 17, 2025, to regain compliance with the minimum bid price requirement. In response, the Company submitted an application to transfer the listing of its ADSs from the Nasdaq Global Market to the Nasdaq Capital Market. In connection with the transfer to the Nasdaq Capital Market, Nasdaq granted the Company an additional period of 180 calendar days, or until May 18, 2026, to regain compliance with the minimum bid price requirement for continued listing. To regain compliance, the closing bid price of the Company’s ADSs must meet or exceed US$1.00 per ADS for a minimum of 10 consecutive business days on or prior to May 18, 2026.

According to the Compliance Notice, the closing bid price of the Company’s ADSs has been at $1.00 per ADS or greater for the 10 consecutive business days from April 22, 2026 to May 5, 2026, and the Company has regained compliance with the Minimum Bid Price Requirement and the matter is closed.

About Tuniu

Tuniu (Nasdaq: TOUR) is a leading online leisure travel company in China that offers integrated travel service with a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Tuniu may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Tuniu’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: Tuniu’s goals and strategies; the growth of the online leisure travel market in China; the demand for Tuniu’s products and services; its relationships with customers and travel suppliers; Tuniu’s ability to offer competitive travel products and services; Tuniu’s future business development, results of operations and financial condition; competition in the online travel industry in China; government policies and regulations relating to Tuniu’s structure, business and industry; the impact of health epidemics on Tuniu’s business operations, the travel industry and the economy of China and elsewhere generally; and the general economic and business condition in China and elsewhere. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law.

View original content:https://www.prnewswire.com/news-releases/tuniu-has-regained-compliance-with-nasdaqs-minimum-bid-price-requirement-302765414.html

SOURCE Tuniu Corporation

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TCL CSOT Drives Limitless Future Mobility with Intelligent Cockpit Display Suite 3.0 at SID Display Week 2026

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LOS ANGELES, May 7, 2026 /PRNewswire/ — TCL CSOT, a global leader in advanced display technologies and a subsidiary of TCL Technology, is presenting a holistic vision for the future of mobility at SID Display Week 2026. For automotive applications, TCL CSOT demonstrates how different in‑car positions and functions can be served by diverse display technologies — from Inkjet-printed OLED (IJP OLED) to Micro LED to LCD — each tailored to specific needs. At the center of this vision is the Intelligent Cockpit Display Suite 3.0, a flagship solution that integrates these technologies into a unified ecosystem, redefining how drivers and passengers interact with the vehicle.

Intelligent Cockpit Display Suite 3.0: A New Benchmark for In-Car Displays

At the heart of the suite are two world‑first innovations: the World’s First IJP OLED Sliding Central Control Display (28″) and the World’s First IJP OLED Curved Armrest Display (28″). Both are built on the same IJP OLED technology, which is inherently flexible and can be adapted into countless other shapes and applications beyond the two showcased today. This versatility, combined with TCL CSOT’s decade‑long leadership in IJP OLED and the construction of its world’s first 8.6‑generation IJP OLED production line (t8), sets a new standard for cockpit innovation. These innovations redefine the in‑car experience with superior image quality, power efficiency, and design flexibility at reduced cost.

The World’s First IJP OLED Sliding Central Control Display (28″) features an innovative curling design that allows free extension and retraction, injecting a futuristic feel into the cabin. When parked, it can be fully stored to release space; during driving, it unfolds with a single touch to serve both driver and passenger applications. Flexible display modes — ½, ⅔, or full screen — support multi‑scenario use, while split‑screen functionality enables navigation, entertainment, and vehicle control to run in parallel. Deeply integrated with the intelligent ecosystem, it transforms static aesthetics into dynamic interaction, making every trip a dual experience of technology and comfort.

The World’s First IJP OLED Curved Armrest Display (28″) complements this innovation by combining IJP OLED’s vivid clarity with ergonomic design. Its curved form enhances fingertip sliding and visual extension, breaking the limitations of traditional flat screens. From intuitive interconnection to seamless scene‑based applications, it empowers travel with technology, redefining comfort and efficiency while adding a sense of occasion to every interaction.

Together, the sliding and curved IJP OLED displays balance practicality with futuristic elegance, elevating the cockpit into a truly immersive environment.

Complementing the OLED centerpiece are advanced HUD solutions that expand the ecosystem of intelligent displays. The World’s First Ultra High Brightness Micro LED AR‑HUD Display (4.6″) projects crystal‑clear images directly onto the windshield, achieving 18,000 nits of luminance at the eye and a wide field of view that remains sharp even under direct sunlight. It provides intuitive navigation, safe driving cues, and immersive interaction. Meanwhile, the World-Leading High Brightness & Low-Power-Consumption P-HUD Display (12″) reimagines the dashboard by projecting essential information — speed, navigation, and warnings — into a dedicated area within the driver’s line of sight. This enables “zero eye movement” interaction, ensuring critical data is always accessible without distraction, while maintaining high brightness at remarkably low power.

Together, these innovations highlight TCL CSOT’s vision of the cockpit as more than just a collection of displays — it is the intelligent hub of future mobility. By uniting IJP OLED, Micro LED, and LCD technologies, the suite creates a seamless environment where information, interaction, and design converge. The result is a driving experience that feels intuitive and immersive, with displays that adapt fluidly to both functional needs and aesthetic expectations.

About TCL CSOT
Established in 2009, TCL China Star Optoelectronics Technology Co., Ltd. (TCL CSOT) is a leading global innovator in display technologies. Its LCD, OLED, and MLED solutions power applications across TVs, smartphones, tablets, laptops, monitors, automotive systems, VR/XR, and commercial displays. With a clear strategic direction set by its advanced display technology brand APEX, TCL CSOT invests continuously and strategically in R&D, driven by a mission to amaze, protect and inspire all people through endlessly innovative display technology. As part of TCL’s Worldwide Olympic Partnership, TCL CSOT is proud to deliver display solutions that elevate experiences on the global stage.

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SOURCE TCL CSOT

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Agthia Group Launches First-of-Its-Kind F&B Capability Building Platform to Develop Emirati Talent

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ABU DHABI, UAE, May 7, 2026 /PRNewswire/ — Agthia Group PJSC (AGTHIA:UH; or the “Group”) launched the Agthia Academy powered by Bühler – a first-of-its-kind capability-building platform created to equip Emirati entrepreneurs, operators, and future specialists with world-class food manufacturing expertise in milling, baking, and production excellence. The program enables participants to translate global standards into day-to-day practice, improving quality, efficiency, and operational discipline, while supporting the UAE’s broader food security agenda.

The launch of the Agthia Academy coincides with Agthia’s participation in Make it in the Emirates 2026, adopting an industry-led approach to skills development. It strengthens capabilities across the food value chain, elevates operational standards, and contributes to sustainable sector growth.

Commenting on the launch, Salmeen Alameri, Managing Director and Chief Executive Officer of Agthia Group, said: “The Academy reflects our firm belief that the future of the UAE’s food sector will be built on the strength of its people. We are creating a practical pathway that empowers Emirati talent to access global best practices and apply them with confidence, improving consistency, productivity, and operational excellence. By linking learning with real-world application and measurable outcomes, the Academy supports the UAE’s long-term food security ambitions and contributes to building a more resilient, competitive, and innovation-driven food economy.”

Heiko Feuring, President at Bühler for Middle East, Africa & India added: “At Bühler, we believe the future of food manufacturing depends on equipping talent with both global knowledge and hands-on experience. Through our partnership with Agthia, the Academy provides Emirati entrepreneurs, operators, and specialists with access to advanced technologies, modern production practices, and deep industry expertise. By combining world-class training with practical application, we are helping to develop a skilled workforce capable of driving innovation, efficiency, and sustainability across the UAE’s food sector.”

The Agthia Academy also strengthens academic collaboration with leading UAE institutions, including United Arab Emirates University, Zayed University, and the Abu Dhabi Hospitality Academy – Les Roches. These partnerships provide access to advanced technologies, industry expertise, and applied training methodologies, enabling universities to enhance their programmes, better prepare students for evolving industry needs, and create career pathways aligned with global food sector standards.

The Academy will deliver a structured programme that combines classroom-based learning, hands-on technical training, and international exposure, delivered across Agthia Group’s facilities in Abu Dhabi and Bühler Group’s global training centres in Switzerland.

The launch underscores Agthia’s long-term commitment to strengthening food security and developing national human capital, while reinforcing Abu Dhabi’s position as a leading hub for advanced food manufacturing, innovation, and industry-led learning.

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Logo – https://mma.prnewswire.com/media/2973802/Agthia_Group_logo.jpg

View original content:https://www.prnewswire.com/in/news-releases/agthia-group-launches-first-of-its-kind-fb-capability-building-platform-to-develop-emirati-talent-302765439.html

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