MANILA, Philippines, Aug. 27, 2026 /PRNewswire/ — PhilWeb Corporation (PSE: WEB) today announced the election of prominent business leader Lance Y. Gokongwei as Chairman of the Board of Directors. 

This leadership transition completes the Company’s institutional governance restructuring, following Gokongwei’s recent ₱2.02 billion strategic equity investment and his appointment to the Board in July. The election signals PhilWeb’s definitive shift from cross-border capital formation to the aggressive, large-scale execution of its commercial B2B AI-enabled technology roadmap. 

“This transition marks a critical inflection point for our capitalization and operational scale,” said Chairman Lance Y. Gokongwei. “Our objective is clear: to deploy institutional-grade, AI-powered infrastructure that establishes a new operational standard for security and compliance across the regulated digital ecosystem.” 

AI-Enabled Tech and Expanding Transnational B2B Strategy

Under Chairman Gokongwei’s strategic oversight, PhilWeb is accelerating the deployment of its enterprise artificial intelligence layer. This technological pivot completes the Company’s transition into an institutional-grade digital infrastructure provider capable of powering complex industrial integrations. 

The immediate operational mandate focuses on the integration of high-value backend capabilities:

Real-Time Operational MonitoringAlgorithmic Risk ManagementRegulatory Compliance AutomationAnti-Fraud DetectionData-Driven Customer Lifecycle Optimization

President of PhilWeb, Brian Ng, stated: “Having Lance Gokongwei step into the Chairman role provides the institutional governance required for our next phase of scale. His strategic oversight ensures that our AI infrastructure rollout—specifically engineered to serve the complex backend needs of premium commercial tourism complexes and multinational platform providers—is executed with absolute capital market discipline.” 

Building an Interconnected B2B Commercial Moat

The governance upgrade strengthens PhilWeb’s position as the foundational operational backbone for the regulated digital technology sector. 

Currently, the Company’s AI-driven technology powers a premier, interconnected ecosystem connecting Southeast Asia’s top-tier commercial and cultural tourism conglomerates, multinational digital platforms, and licensed institutional partners. Furthermore, PhilWeb continues to embed elite global digital content and R&D institutions into its unified digital infrastructure, securing deep commercial moats and operational dominance in the B2B market. 

About PhilWeb Corporation (PSE:WEB)

PhilWeb Corporation is a Philippine Stock Exchange-listed technology company providing digital infrastructure, operational systems, and platform technology solutions supporting regulated digital ecosystems in the Philippines.

The Company focuses on scalable infrastructure, AI-enabled operational systems, compliance technologies, and platform solutions designed to support licensed operators and long-term ecosystem growth.

Investor Relations Contact:

Kenneth Ke
Group Investment Head
PhilWeb Corporation
Email: kenneth.ke@philweb.com.ph

Dian Agcapen
Investor Relations & Public Relations Director
PhilWeb Corporation
Email: apagcapen@philweb.com.ph

Media Relations Contact:

Arnel Vasquez
Media Relations Director
Rebel Marketing Philippines
Email: arnelvasquez@rebelmarketing.com.ph
Mobile: +63 917 584 3573

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SOURCE PhilWeb Corporation

One in ten Australians (10%) crave a TV design that is rollable, flexible, and portable[1].

Samsung research reveals a shift towards more personal, flexible and multi-screen viewing

SYDNEY, Aug. 28, 2026 /PRNewswire/ — The days of the whole family gathering around a single television fighting for control of the remote could be numbered, with Samsung insights revealing a growing appetite amongst Australians for TVs that are portable and flexible enough to move with the household, rather than being anchored to one room.

One in four (26%) Australians say they now reach for their laptop, tablet or smartphone to watch a major broadcast event[2]. This insight reveals the modern device expectation of portability and instant access is extending to the family TV, which is finding itself being used by various members of the family beyond entertainment across the day.

Far from the structured family routines of the 1950’s when Australia experienced its first TV broadcast[3], Australian households today support flexible, fluid lifestyles of work, gaming and fitness alongside entertainment and relaxation at any given time. Of this lifestyle evolution, Samsung insights reveal 24% of Australians now use their TV to listen to podcasts or music, while almost one in five (16%) use their TV for fitness workouts, and 42% turn to it for gaming[4]. Further use cases of the TV also include supporting work at home and displaying art to elevate home décor.[5]

According to Simon Howe, Director – Visual Display, Samsung Australia, the insights show that Australians aren’t necessarily watching less TV, rather they’re watching differently. As Australian lifestyles have evolved, so too must the TV adapt to fit around the way Australians live and the content they’re engaging with.

“The TV has traditionally been designed around the room it sits in and has undergone various transformations over the years to help the TV elevate and optimise those spaces. But Australians aren’t living room by room anymore and the content they’re watching isn’t always shot in landscape formats,” said Mr Howe. “They might be working in one space, streaming vertical social content in another, bonding with family somewhere else, and switching between other activities throughout the day. It’s time to rethink the assumption that a TV has to stay in one place or compromise full-screen experiences to support family life.”

Samsung’s answer is the Movingstyle, a new 27-inch portable Smart Touch Screen TV that rotates between horizontal and vertical orientation and can be moved from room to room,[6] adapting to activities across a household – from a vertically filmed workout video in the morning, to a recipe propped up in the kitchen at lunchtime, to a portable workstation in the afternoon, to an evening relaxation device.

According to Mr Howe, the Movingstyle’s design responds to a broader shift in Australian tastes, not just behaviour. Samsung insights show that 63% of Australians want technology that suits their personal style[7]. Further, one in ten (10%) are craving TVs designed to be rollable, flexible and portable[8].

“Samsung has been the global number one TV brand for 20 years[9] because we put consumers at the heart of our innovations. Looking at these insights, the Movingstyle is a signal of where household screen design is heading, truly made for Australians and how they live.”

Availability

The Movingstyle is available nationwide via Samsung’s online store and leading retailers with an RRP of $1,999.00.

For more information on Samsung’s AV lineup and to access launch offers, please visit https://www.samsung.com/au/tvs/

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the world of TVs, digital signage, smartphones, wearables, tablets, home appliances and network systems, as well as memory, system LSI and foundry. Samsung is also advancing medical imaging technologies, HVAC solutions and robotics, while creating innovative automotive and audio products through Harman. With its SmartThings ecosystem, open collaboration with partners, and integration of AI across its portfolio, Samsung delivers a seamless and intelligent connected experience. For the latest news, please visit the Samsung Newsroom at news.samsung.com.

View original content:https://www.prnewswire.com/apac/news-releases/the-tv-is-no-longer-staying-put-how-australians-are-changing-the-way-they-watch-302862431.html

SOURCE Samsung Electronics Co., Ltd

Broad-based growth across consumer electronics, communications and data center, and automotive electronics, supported by targeted investment in AI infrastructure, intelligent vehicles and global delivery capacity

DONGGUAN, China, Aug. 27, 2026 /PRNewswire/ — Luxshare Precision Industry Co., Ltd. (“Luxshare Precision” or the “Company”) (SZSE: 002475; HKEX: 02475), a global provider of precision intelligent manufacturing solutions, today announced unaudited results for the six months ended June 30, 2026.

Revenue increased 40.2% year over year to RMB 174.50 billion, while net profit attributable to shareholders rose 18.0% to RMB 7.84 billion. Net profit attributable to shareholders excluding non-recurring gains and losses increased 6.5% to RMB 5.96 billion. Gross margin expanded by 17 basis points to 11.78%.

The margin improvement reflected operating leverage and a more diversified revenue mix, with faster growth in Communications and Data Center and Automotive Electronics, both of which carry gross margins above the Company average. Internal innovation, AI-enabled manufacturing efficiency and disciplined cost management also helped absorb pressure from foreign-exchange movements, higher input costs and investment in new businesses.

“Our first-half performance demonstrates the resilience of Luxshare Precision’s diversified portfolio and global operating platform,” said Wang Laichun, Chairwoman and General Manager of Luxshare Precision. “We are investing with discipline in areas supported by clear customer demand and defined technology roadmaps, particularly AI-enabled devices, AI infrastructure and intelligent vehicles. Our priorities remain execution, operating efficiency and sustainable value creation.”

Strategic Investment and Financial Discipline

Research and development investment increased 43.1% to RMB 6.57 billion, primarily reflecting higher spending on engineering talent, tooling, materials and certification. More than half of the Company’s R&D investment supported technology preparation for programs approaching commercialization.

Capital expenditures totaled RMB 10.27 billion, up RMB 742 million year over year, and were mainly directed toward overseas facility expansion, supporting infrastructure and new product lines. The Company prioritizes investments linked to customer programs, localized delivery and long-term manufacturing flexibility.

Inventory was RMB 50.37 billion at June 30, 2026, up 19.0% from year-end 2025, below the Company’s 40.2% revenue growth. The increase primarily reflected business expansion and strategic material preparation for selected products.

First-half operating cash flow was an outflow of RMB 2.45 billion, mainly due to seasonal supplier payments and more than RMB 5 billion of strategic inventory preparation. Operating cash flow turned positive in the second quarter, reaching RMB 4.62 billion.

Foreign-exchange volatility resulted in approximately RMB 1.99 billion of losses on foreign-currency-denominated monetary assets and liabilities. Foreign-exchange risk management activities generated approximately RMB 1.30 billion in related gains. Under applicable accounting treatment, these gains were recorded as non-recurring items, while the corresponding losses remained within both disclosed net profit measures.

Growth Across Three Core Businesses

Consumer Electronics revenue increased 19.3% to RMB 122.48 billion. Luxshare Precision continued to deepen core customer relationships and strengthen its ODM and end-to-end product development capabilities. By integrating expertise across acoustics, optics, electrical systems, thermal management, magnetics and precision structures, the Company is extending its participation from components and modules to product definition, system development and volume manufacturing. Priority areas include AI PCs, smart wearables, AI glasses and intelligent acoustic products.

Communications and Data Center revenue increased 49.7% to RMB 16.61 billion. The Company is building an integrated AI infrastructure portfolio spanning high-speed copper interconnects, optical interconnects, thermal management and power management. Operational progress included volume production of 800G optical products, batch shipments of 1.6T DAC, ACC and AEC products, continued customer introductions for liquid-cooling solutions, and scaled production of DC-DC server power modules. Luxshare Precision is also advancing 224G and 448G copper technologies and next-generation optical architectures.

Automotive Electronics revenue increased 274.1% to RMB 32.39 billion, supported by organic growth, customer program ramps and Leoni’s contribution. The Company continued to expand its portfolio across connectors, wiring harnesses, intelligent control systems, smart chassis technologies and powertrain solutions. High-speed connectors and rear-wheel steering products have entered mass production, while intelligent cockpit and advanced driver-assistance platforms are progressing across multiple vehicle programs. Leoni’s integration continued to outperform expectations, strengthening global customer access, engineering resources and localized delivery capabilities.

Global Platform and Outlook

Luxshare Precision operates across five continents, 29 countries and more than 100 production sites. This network supports localized delivery, customer collaboration and supply chain resilience. The Company’s vertically integrated platform spans precision components, functional modules and system-level products, supported by AI-enabled digital tools for quality management, predictive maintenance, production scheduling and standardized global execution.

For the remainder of 2026, Luxshare Precision will continue supporting consumer electronics product launches and ODM/JDM programs; accelerating commercialization across high-speed interconnects, optical products, liquid cooling and power management; and expanding automotive customer programs while capturing further benefits from the Leoni integration.

The Company will maintain disciplined capital allocation and continue investing in technology, manufacturing capacity and global delivery capabilities that support sustainable, high-quality growth.

About Luxshare Precision

Luxshare Precision Industry Co., Ltd. is a global provider of precision intelligent manufacturing solutions serving Consumer Electronics, Communications and Data Center, Automotive Electronics and other technology-driven industries. The Company supports customers from product definition and process development through new product introduction, volume manufacturing and global delivery.

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SOURCE Luxshare Precision Industry Co., Ltd.