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indie Semiconductor Provides Merger and Business Update

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indie Semiconductor Provides Merger and Business Update
  • Combination with Thunder Bridge Acquisition II on Track to Close Early Spring 2021
  • Clears Hart-Scott-Rodino Transaction Hurdle
  • Company Sees Strengthening Autotech Demand and Sustainable Order Pattern
  • Reaffirms Strong Revenue Outlook for Above Market Growth
  • Current Industry Shortage of Automotive ICs Underscores Strategic Market Opportunity

indie Semiconductor, an Autotech solutions innovator which is currently in the process of becoming a public company through a planned merger with Thunder Bridge Acquisition II (Nasdaq: THBR), a special purpose acquisition company, today provided a transaction timeline and business update. indie and Thunder Bridge did not receive any communication from the Federal Trade Commission (FTC) or Department of Justice (DOJ) as of the expiration of the 30-day waiting period for premerger notification filings under the Hart-Scott-Rodino (HSR) Antitrust Act. Accordingly, no additional antitrust action is needed. Further, indie and Thunder Bridge expect to file an updated Form S-4 to their original January 25, 2021 document in response to an initial round of comments recently received from the Securities and Exchange Commission. As a result, indie and Thunder Bridge expect to close the transaction in early Spring 2021, subject to the Form S-4 being declared effective and customary closing conditions, including a successful shareholder vote.

With a decade-long history of innovation, indie is at the forefront of several disruptive automotive megatrends spanning ADAS/Autonomous, Connectivity, User Experience and Vehicle Electrification. The Company’s best-in-class, mixed signal system-on-a-chip (SoC) solutions are currently on 12 Tier 1 approved vendor lists, contributing to a strategic backlog position of more than $2 billion, as previously disclosed, which indie defines as projected revenues based on existing contracts, design and pricing terms and historic production trends. According to IHS, the Company’s automotive semiconductor portfolio currently addresses a $16 billion market, which is expected to exceed $38 billion by 2025 driven by strong demand for silicon and software content in automobiles.

“Response to our merger announcement has been overwhelmingly positive amongst our existing customers, new partners and global employee base,” said Donald McClymont, indie’s co-founder, chairman and chief executive officer. “Strengthening visibility and pent-up demand in the current quarter is setting the stage for demonstrable market outperformance this year. From a longer-term perspective, the current supply shortage across the automotive semiconductor industry is underscoring the need for an additional vendor with scale who meets all key quality standards. indie is particularly well positioned to capitalize on this enormous strategic market opportunity, especially after the completion of our planned merger with Thunder Bridge. To that end, we look forward to providing updates on our closing activities over the coming weeks.”

About indie

indie is empowering the Autotech revolution with next generation automotive semiconductors and software platforms. We focus on edge sensors for Advanced Driver Assistance Systems including LiDAR, connected car, user experience and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles, while the advanced user interfaces transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms we rely on every day. We are an approved vendor to Tier 1 partners and our solutions can be found in marquee automotive OEMs around the world. Headquartered in Aliso Viejo, CA, indie has design centers and sales offices in Austin, TX; Boston, MA; Detroit, MI; San Francisco and San Jose, CA; Budapest, Hungary; Dresden, Germany; Edinburgh, Scotland and various locations throughout China.

Please visit us at www.indiesemi.com to learn more.

In December 2020, indie announced it entered into a definitive agreement to merge with Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR), a special purpose acquisition company. The transaction is expected to close in early Spring 2021, subject to regulatory and stockholder approvals, and other customary closing conditions. The combined company will retain the indie Semiconductor name and be listed on Nasdaq under the new ticker symbol “INDI.”

About Thunder Bridge Acquisition II, Ltd.

Thunder Bridge Acquisition II, Ltd. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. In August 2019, Thunder Bridge Acquisition II consummated a $345 million initial public offering (the “IPO”) of 34.5 million units (reflecting the underwriters’ exercise of their over-allotment option in full), each unit consisting of one of the Company’s Class A ordinary shares and one-half warrant, each whole warrant enabling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Thunder Bridge II’s securities are quoted on the Nasdaq stock exchange under the ticker symbols THBRU, THBR and THBRW.

Additional Information about the Transaction and Where to Find It

In connection with the proposed transaction, Thunder Bridge II filed a registration statement on Form S-4 (the “Form S-4”), which includes a proxy statement/prospectus, with the Securities and Exchange Commission (the “SEC”) on January 25, 2021, and intends to file any and all additional relevant materials and other documents, as they become available, regarding the proposed transaction with the SEC. Thunder Bridge II’s shareholders and other interested persons are advised to read, the preliminary proxy statement/prospectus, included in the Form S-4, and the amendments thereto and the definitive proxy statement/prospectus and documents incorporated by reference therein filed in connection with the proposed business combination, as these materials will contain important information about indie, Thunder Bridge II and the proposed business combination. Promptly after the Form S-4 is declared effective by the SEC, Thunder Bridge II will mail the definitive proxy statement/prospectus and a proxy card to each shareholder entitled to vote at the meeting relating to the approval of the Business Combination and other proposals set forth in the proxy statement/prospectus. Before making any voting or investment decision, investors and shareholders of Thunder Bridge II are urged to carefully read the entire Form S-4 and proxy statement/prospectus, when they become available, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed transaction. The documents filed by Thunder Bridge II with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov or by directing a request to Thunder Bridge Acquisition II, Ltd., 9912 Georgetown Pike, Suite D203, Great Falls, Virginia, 22066, Attention: Secretary, or by calling (202) 431-0507.

Participants in the Solicitation

Thunder Bridge II and its directors and executive officers may be deemed participants in the solicitation of proxies from its shareholders with respect to the business combination. A list of the names of those directors and executive officers and a description of their interests in Thunder Bridge II is in the proxy statement/prospectus for the proposed business combination included in the Form S-4, which is available at www.sec.gov. Information about Thunder Bridge II’s directors and executive officers and their ownership of Thunder Bridge II ordinary shares is set forth in Thunder Bridge II prospectus, dated August 9, 2019 and in the proxy statement/prospectus included in the Form S-4, as may be modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filings. Other information regarding the interests of the participants in the proxy solicitation is also disclosed in the proxy statement/prospectus included in the Form S-4 pertaining to the proposed business combination. These documents can be obtained free of charge from www.sec.gov.indie and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of Thunder Bridge II in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination is disclosed in the proxy statement/prospectus included in the Form S-4 for the proposed business combination.

Forward Looking Statements

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding indie’s industry and market sizes, future opportunities for indie and Thunder Bridge II, indie’s estimated future results and the proposed business combination between Thunder Bridge II and indie, including the implied enterprise value, the expected transaction and ownership structure and the likelihood, timing and ability of the parties to successfully consummate the proposed transaction. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.

In addition to factors previously disclosed in Thunder Bridge II’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: inability to meet the closing conditions to the business combination, including the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreement; the inability to complete the transactions contemplated by the definitive agreement due to the failure to obtain approval of Thunder Bridge II’s shareholders, the failure to achieve the minimum amount of cash available following any redemptions by Thunder Bridge II shareholders, redemptions exceeding a maximum threshold or the failure to meet The Nasdaq Stock Market’s initial listing standards in connection with the consummation of the contemplated transactions; costs related to the transactions contemplated by the definitive agreement; a delay or failure to realize the expected benefits from the proposed transaction; risks related to disruption of management’s time from ongoing business operations due to the proposed transaction; changes in the automobile or semiconductor markets in which indie competes, including with respect to its competitive landscape, technology evolution or regulatory changes; changes in domestic and global general economic conditions, risk that indie may not be able to execute its growth strategies, including identifying and executing acquisitions; risks related to the ongoing COVID-19 pandemic and response; risk that indie may not be able to develop and maintain effective internal controls; and other risks and uncertainties indicated in Thunder Bridge II’s final prospectus, dated August 9, 2019, for its initial public offering, and the proxy statement/prospectus relating to the proposed business combination, including those under “Risk Factors” therein, and in Thunder Bridge II’s other filings with the SEC. Indie cautions that the foregoing list of factors is not exclusive.

Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Thunder Bridge II and indie or the date of such information in the case of information from persons other than Thunder Bridge II or indie, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding indie’s industry and end markets are based on sources we believe to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.

No Offer or Solicitation

This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

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Business: freight shipping rates climb

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Investor interest in the shipping sector is growing as freight rates are rising. Shares in shipping companies are having a bumper year amid strong demand for Asia-made goods and skyrocketing shipping prices. Profits have accelerated, boosted by soaring freight rates from North Asia to the U.S. and Europe.

The oil industry’s top lobbying group is preparing to endorse setting a price on carbon emissions in what would be the strongest signal yet that oil and gas producers are ready to accept government efforts to confront climate change. The American Petroleum Institute is poised to embrace putting a price on carbon emissions.

Royal Caribbean’s new ship, the Odyssey of the Seas, will be setting sail in May from Israel with a Covid-19 vaccine requirement. The announcement represents the new ship’s first trip, Royal Caribbean’s first voyage from Israel, and the company’s first cruise with a vaccination requirement.

Futures are moderately lower after stocks soared yesterday. The Dow Industrials rallied 603, the Nasdaq jumped 396 and the S&P 500 gained 90.

 

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AWS Launches Second Region in Japan

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Thunderbird Entertainment Group Reports on Fiscal Year 2020 Financial Results | Business

 

SEATTLE–(BUSINESS WIRE)–Mar 1, 2021–

Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ:AMZN), today announced the launch of a second full region in Japan, the AWS Asia Pacific (Osaka) Region. The region is an expansion of the existing AWS Osaka Local Region, which opened to select customers in February 2018. The new region consists of three Availability Zones (AZs) and joins the existing 25 Availability Zones in eight AWS Regions across Asia Pacific in Beijing, Hong Kong, Mumbai, Ningxia, Seoul, Singapore, Sydney, and Tokyo. Globally, AWS has 80 Availability Zones across 25 geographic regions, with plans to launch 15 more Availability Zones and five more AWS Regions in Australia, India, Indonesia, Spain, and Switzerland. Starting today, developers, startups, and enterprises, as well as government, education, and non-profit organizations can leverage the new AWS Asia Pacific (Osaka) Region to run their applications locally, serve end-users across Asia with lower latency, and access the broadest and deepest suite of services available in the cloud. For more information on AWS’s global infrastructure, go to: https://aws.amazon.com/about-aws/global-infrastructure/.

“We launched the AWS Osaka Local Region to help select customers run specific workloads in western Japan. Since then, customers have asked AWS to launch a second full region with multiple Availability Zones and broad service selection in the country, and today we’re excited to deliver on those requests,” said Peter DeSantis, Senior Vice President of Global Infrastructure and Customer Support, AWS. “Together with the AWS Asia Pacific (Tokyo) Region, the AWS Asia Pacific (Osaka) Region provides customers with even lower latency to end users in Japan, as well as the ability to architect workloads across multiple Availability Zones and multiple regions in Japan for even greater fault tolerance, resiliency, and availability.”

“Congratulations on the opening of AWS Osaka Region. The government has adopted a “cloud-by-default” principle and basic policy prioritizing the use of cloud services, and we welcome AWS as a part of our services,” said Takuya Hirai, Member of the House of Representatives and Minister of State for Digital Transformation. “The mission of the Japan Digital Transformation Agency, scheduled to be established in September 2021, is to think about how systems should be run on the cloud in order to promote standardization and interoperability, which are necessary for both national and local governments to promote digitalization. In cooperation with various companies, including AWS, we will do our utmost to promote the digitalization of Japan.”

AWS Regions are comprised of Availability Zones, which place infrastructure in separate and distinct geographic locations with enough distance to significantly reduce the risk of a single event impacting customers’ business continuity, yet near enough to provide low latency for high availability applications. Each Availability Zone has independent power, cooling, and physical security and is connected via redundant, ultra-low-latency networks. AWS customers focused on high availability can design their applications to run in multiple Availability Zones and across multiple regions to achieve even greater fault tolerance. Additionally, Japanese customers, from startups to enterprises and the public sector, will have additional infrastructure to leverage advanced technologies including compute, storage, analytics, database, machine learning, Internet of Things (IoT), mobile services, and more to drive innovation. The launch of a second AWS Region in Japan provides customers with even lower latency across the country and supports disaster recovery applications for business continuity.

Customers and AWS Partners welcome the new AWS Asia Pacific (Osaka) Region

Millions of active customers use AWS each month in over 190 countries around the world, and hundreds of thousands of active customers use AWS services in Japan each month to accelerate innovation, increase agility, and drive cost savings. Organizations across Japan moving their mission-critical workloads to the cloud include customers such as Bellsystem24, Gibraltar Life Insurance, KDDI, Kindai University, Mitsubishi UFJ Financial Group, Nabtesco Corporation, NRI, NTT East, OGIS-RI CO. ltd., Prudential Life Insurance, Sony Bank, Sumitomo Mitsui Trust Bank, Tokio Marine & Nichido Fire Insurance, and many more.

Mitsubishi UFJ Financial Group (MUFG), whose business operations include commercial banks, trust banks, securities, and credit cards, adopted a cloud-first strategy and announced its full AWS deployment in 2017. “We have been making steady progress in IT architecture transformation and digitalization by leveraging AWS to build new systems,” said Hiroki Kameda, Managing Corporate Executive and Group CIO of MUFG. “AWS enabled us to build a big data platform for all our bank and group data so that we can use it flexibly, streamline administrative processes such as tremendous data entry work using AI, migrate a part of a market risk management system, and conduct applied research in more advanced AI algorithms and other new technologies. We reduced large costs by migrating and building a new system on AWS compared to on-premises. We have been using the AWS Osaka Local Region, and its expansion into the AWS Asia Pacific (Osaka) Region will enable us to actively run even more workloads and systems to enhance the agility and availability of our customer services. With digital technology playing an increasingly important role in our competitiveness, we will continue to grow our digital workforce both quantitatively and qualitatively to further drive our digital transformation.”

Sony Bank is an Internet bank established in 2001 as an asset management bank for individuals. It provides various financial services such as foreign currency deposits, home loans, investment trusts, and debit cards. “Since the end of 2013, we have been gradually migrating our general internal business systems and banking peripheral systems onto AWS, and by the end of 2019, approximately 80 percent of our systems had been running on AWS,” said Tatsuya Fukushima, Executive Officer leading the System Planning Department, System Development Department, and System Administration Department of Sony Bank. “As a result, infrastructure-related costs have been reduced by up to 60 percent compared to on-premises systems, and infrastructure procurement and construction time have been cut by more than half. We are currently building a next-generation banking system on AWS with a cloud-native architecture designed to ensure high availability by utilizing the AWS services in both the Tokyo and Osaka regions, so the AWS Asia Pacific (Osaka) Region is key to our future plans. As an Internet bank, we will continue to improve management efficiency and provide products and services that meet our customers’ needs.”

KDDI Corporation (KDDI), established in 2000, is engaged in telecommunications, Internet, financial services, electricity distribution, intelligent consumer appliances, and other businesses both in Japan and overseas. KDDI started using AWS as its official cloud vendor in 2016 after AWS met its stringent internal security standards. “I am delighted that the AWS Osaka Local Region has expanded into a full AWS Region in such a short time,” said Akihiro Nakashima, Administrative Officer and Deputy General Manager, Service Planning and Development Division, Solutions Business Sector, KDDI Corporation. “KDDI currently develops and operates more than 60 services on AWS, such as the back end for our power supply business ‘au Denki’, ‘au Home’, which leverages IoT to make everyday life more convenient, and the subsystem of ‘au PAY’, a smartphone service that allows payment with QR codes. Leveraging AWS Asia Pacific (Osaka) Region, we will be able to provide additional business continuity services through multi-region operations in Japan.”

Founded in 1983, OGIS-RI CO., ltd. is a global IT consulting firm providing information strategy, systems integration, systems development, network construction, support, and security solutions. OGIS-RI CO., ltd. is a group company of Osaka Gas Group. “Osaka Gas was the first in Japan to deploy IoT technology in consumer gas appliances in April 2016 using AWS. We have since been selling ENE FARM fuel cells, gas water heaters, and other products connected to the Internet around the clock,” said Kosuke Nakatani, Director, Executive Officer and Member of the Board, Head of IT Platform Service Division, OGIS-RI CO., ltd., which develops and manages the IT systems of Daigas Group (previously known as Osaka Gas Group) companies. “We use AWS to provide our enterprise customers with ‘ekul,’ a simple data measurement service that measures and visualizes gas and electricity usage in real time and transmits information to corporate customers across the country. We also provide cloud integration services based on our experience in the migration of on-premises business systems to AWS and system development on AWS. With the launch of the AWS Asia Pacific (Osaka) Region, we are very pleased to offer our customers in the Kansai area a selection of multiple regions with low latency, enabling us to have even greater availability.”

Sansan, established in 2007, is the provider of “SanSan,” a corporate business card management cloud service, and “Eight,” a business card app, under the mission of “creating innovation through encounters.” Seita Fujikura, CTO of Sansan, said, “Business cards are the proof of business encounters. SanSan and Eight solve various issues that business people face by accurately converting into data and utilizing the business cards that are captured every day. Our applications are configured on several hundred Amazon EC2 instances. By utilizing a variety of AWS services, we are able to substantially reduce costs and develop our products based on customer requests. The AWS Asia Pacific (Osaka) Region will help us further evolve our products and services and provide new value as a business infrastructure.”

Founded in 1925, Kindai University provides learning to all ages and is one of the largest universities in western Japan with 48 departments ranging from medicine to the arts with 52,000 students enrolled. “Kindai University migrated our teaching system and all 17 cloud-enabled business systems to AWS from on-premises systems in 2015 based on an estimation that the initial investment cost would be reduced by about 70 percent and the total cost of initial investment and running costs over 10 years would be reduced by another 20 percent compared to on-premises systems,” said Takumi Ueda, Educational and Administrative Information Systems Department of Kindai University. “AWS enables us to provide a powerful, stable system for our students and faculty, and the opening of the AWS Asia Pacific (Osaka) Region gives us the opportunity to provide increased availability and even lower latency.”

AWS Partner Network (APN) Partners welcomed the arrival of a second AWS Region in Japan. The APN includes tens of thousands of Independent Software Vendors (ISV) and Systems Integrators (SI) around the world. AWS Partners build innovative solutions and services on AWS, and the APN helps by providing business, technical, marketing, and go-to-market support. SI Consulting Partners supporting enterprise and public sector customers migrating to AWS include Classmethod, CTC, FUJISOFT, iret, NEC, NTT Data, SCSK, Serverworks and many others. APN ISVs in Japan including Acroquest Technology, AptPod, Digital Cube, Hatena, VMware, Works Human Intelligence, and many others, are already using AWS to deliver their software to customers around the world and will serve their Japanese customers from the AWS Asia Pacific (Osaka) Region at launch. Customers can also easily find, trial, deploy, and buy software solutions for AWS on the AWS Marketplace. For the full list of the members of the AWS Partner Network, please visit: https://aws.amazon.com/partners/.

NEC is an IT vendor that has been driving innovation in Japan since 1899 and is a premier consulting partner in the APN. NEC has a vision of creating a positive impact on society through technological advances. “The inauguration of the AWS Asia Pacific (Osaka) Region significantly broadens NEC’s service infrastructure offering in Japan, and we are happy to help accelerate our customers’ innovation efforts,” said Toshifumi Yoshizaki, Senior Vice President, NEC. “NEC has a long history as an AWS Partner, having joined the AWS Partner Network in 2012 and becoming a certified Premier Consulting Partner in 2016. In 2020, we became the first company in Japan to embark on a strategic corporate-level collaboration with AWS. This collaboration enabled us to provide higher-level managed services to government and corporate customers pursuing digital transformation. NEC Group will be increasing the number of AWS-certified personnel to 3,000 over the next three years and will continue to support large-scale cloud migration projects by significantly strengthening its delivery capabilities.”

VMware Cloud on AWS is a jointly engineered service that brings VMware’s enterprise-class software-defined data center software to the AWS Cloud. Delivered as an on-demand service with optimized access to AWS services, VMware Cloud on AWS enables IT teams to leverage the best of both worlds. “AWS is VMware’s preferred public cloud partner for all VMware vSphere-based workloads. And VMware Cloud on AWS is the preferred AWS solution for vSphere workloads,” said Tadashi Yamanaka, Vice President and General Manager, VMware Japan. “We look forward to serving the needs of customers in Japan with the expansion of VMware Cloud on AWS to the AWS Asia Pacific (Osaka) Region. This expansion will provide our customers in western Japan with more geographic diversity and disaster recovery alternatives. Customers throughout the country will also gain more flexibility to move their vSphere workloads to VMware Cloud on AWS for application modernization, as well as improved agility, cost and security.”

Works Human Intelligence Co., Ltd (Works HI), the provider of COMPANY, one of the top HR Payroll ERP software package systems in Japan, is an ISV Partner with AWS. “Works HI first adopted AWS in 2012 when we launched the cloud version of our software solution COMPANY. We continue to modernize the architecture of the SaaS version of COMPANY and enhance its functionality by making use of the multitude of AWS services available in Japan.” said Asahi Morita, Product Division Senior General Manager at Works Human Intelligence. “The opening of the AWS Asia Pacific (Osaka) Region helps us support a greater number of customers with mission-critical operations and business continuity support with our COMPANY software solution by making it available across multiple regions in Japan.”

Amazon’s Continued Investment in Japan

In March 2011, AWS launched the AWS Asia Pacific (Tokyo) Region with two Availability Zones as the company’s fifth AWS Region. A third Tokyo AZ was added in 2012 and fourth in 2018 to help customers build highly available and fault-tolerant applications across the region’s four existing AZs. In February 2018, AWS launched the Osaka Local Region to enable compliance with guidelines for applications that require even greater distance between Availability Zones for select customers. As a response to further customer demand for a standard region in western Japan, today AWS is extending the capability of the Osaka Local Region by expanding it into a standard AWS Region.

Amazon is also continuing to invest in the upskilling of local developers, students, and the next generation of IT leaders in Japan through programs such as AWS Academy and AWS Educate. AWS Academy provides higher education institutions with a free, ready-to-teach cloud computing curriculum that prepares students to pursue industry-recognized certifications and in-demand cloud jobs. AWS Educate provides student access to AWS services and content designed to build knowledge and skills in cloud computing.

About Amazon Web Services

For almost 15 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS has been continually expanding its services to support virtually any cloud workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 80 Availability Zones (AZs) within 25 geographic regions, with announced plans for 15 more Availability Zones and five more AWS Regions in Australia, India, Indonesia, Spain, and Switzerland. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210301006110/en/

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PUB: 03/01/2021 10:37 PM/DISC: 03/01/2021 10:37 PM

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Love’s Bakery to close after 170 years in business

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Love's Bakery to close after 170 years in business

 

Locally owned and operated, Love’s Bakery,
a fixture in Hawaii for over 169 years will cease operations at the end of March due to losses
attributable to Covid-19.
“Love’s Bakery has been a beloved brand for nearly 170 years,” stated the Love’s Bakery Management
Team. “We have worked diligently to cut expenses, to maintain our market share and to remedy our
operational difficulties, however under the current business environment we are no longer able to
continue operations. Love’s local management is committed to closing its doors in a responsible
manner. We wish to thank all of our employees, suppliers, customers, friends, neighbors, and business
partners for their loyalty and support.”

 

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