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Analog Devices, Inc. announced that its Board of Directors has appointed Dr. Peter B. Henry, a renowned international economist, as an independent director and member of the Board’s Audit Committee effective December 5, 2023.
Dr. Henry is currently the Class of 1984 Senior Fellow at the Hoover Institution and Senior Fellow at the Freeman Spogli Institute for International Studies, both at Stanford University. Dr. Henry is also Dean Emeritus of New York University’s Leonard N. Stern School of Business. His appointment expands ADI’s Board to 13 members.
“We are delighted to welcome Peter to the ADI Board,” said Vincent Roche, ADI’s CEO and Chair. “He is an accomplished academic leader and a well-known figure in foreign affairs, global economics, and international finance. We look forward to bringing his significant expertise and global perspective to our Board as we continue to solve our customers’ toughest challenges and enable breakthroughs at the Intelligent Edge.”
Dr. Henry also leads the Ph.D. Excellence Initiative (PhDEI), a post-baccalaureate program designed to address underrepresentation in economics by mentoring exceptional students from underrepresented backgrounds interested in pursuing doctoral studies in the field. For his founding and leadership of the PhDEI, Dr. Henry received the 2022 Impactful Mentoring Award from the American Economic Association.
Dr. Henry currently serves on the Boards of Directors of Citigroup and NIKE, Inc., and as Chair of the Board of the National Bureau of Economic Research. He is a member of the Council on Foreign Relations.
Previously, Dr. Henry served at New York University’s Leonard N. Stern School of Business as the William R. Berkley Professor of Economics and prior to that as Dean. Before that, Dr. Henry was the Konosuke Matsushita Professor of International Economics at the Stanford University Graduate School of Business, where his early research was funded by a National Science Foundation CAREER Award.
Dr. Henry received a bachelor’s degree in economics from the University of North Carolina at Chapel Hill, a bachelor’s degree in mathematics from Oxford University where he was a Rhodes Scholar, and a Ph.D. in economics from the Massachusetts Institute of Technology.
Original – Analog Devices
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LATEST NEWS2 Min Read
Nexperia announced the successful signing of their USD 800 million equivalent senior Revolving Credit Facility (RCF). The RCF was substantially oversubscribed with participation from a dozen European, Asian and international banks, an indication of the strong support for Nexperia in the loan market. Proceeds will be earmarked towards the refinancing, general corporate and working capital purposes.
The RCF constitutes Nexperia’s first Sustainability Linked Loan (SLL) and includes environmental and social Key Performance Indicators (KPIs) relating to greenhouse gas emissions and gender diversity with a focus on including more women in management positions. The RCF represents Nexperia’s long-lasting commitment to creating a positive impact on society and the environment as it embarks on its next stage of expansion. To further enhance transparency and governance of the SLL, these KPIs are supported by a second party opinion from Sustainalytics and will be independently assured annually by a third party.
Stefan Tilger, Chief Financial Officer of Nexperia, said: “We are delighted with the strong support received from existing and new lenders from across the world, which underscores Nexperia’s operational excellence and global footprint. Earlier this year, Nexperia issued its first Sustainability Report and announced its target of achieving carbon neutrality by 2035. Structuring this financing as a Sustainability-Linked Loan is a reaffirmation of our commitment to Nexperia’s Environmental and Social ambitions.”
Amit Sinha, Global Head of TMT at DBS Bank Ltd., said: “DBS Bank has been a steadfast supporter of Nexperia over the years, and we are grateful for the opportunity to lead this financing as Nexperia embarks on its next growth stage”.
“The strong oversubscription by lenders across Europe and Asia is driven by Nexperia’s market position as global leader in Discretes, Logic and MOSFETs and solid financial standing. The KPIs are a testament to Nexperia’s commitment to foster innovations and creative solutions that add value for our customers, communities, and our planet.”, added Mildred Chua, Group Head of Syndicated Finance at DBS Bank Ltd.
DBS Bank Ltd. acted as Sole Original Mandated Lead Arranger, Bookrunner and Sustainability Coordinator for the RCF. Houthoff London LLP and Clifford Chance LLP acted as the borrower’s and lenders’ legal counsel respectively.
Original – Nexperia
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GaN / LATEST NEWS / WBG3 Min Read
Navitas Semiconductor announced that NIO, a global, leading, new-energy vehicle maker has released its inaugural smartphone, the NIO Phone with a powerful 66 W fast charger featuring Navitas’ next-generation gallium-nitride (GaN) GaNFast™ power ICs equipped with GaNSense™ technology. This enhancement delivers flagship-level charging efficiency, providing end users with a better vehicle-centric mobile interconnection experience. New GaNFast ICs are replacing legacy silicon chips to enable next-gen fast-charging for mobile phones, tablets and laptops.
The flagship NIO Phone features the leading Qualcomm Snapdragon 8 Gen 2 chip, and boasts a 6.81-inch 2K variable refresh-rate curved screen, with the main, ultra-wide-angle, and 50 M pixel periscope telephoto cameras. Using NIO Link panoramic-interconnection technology, the NIO Phone integrates smoothly and seamlessly with smart EVs and NIO’s in-car system. With a single click, the driver can control over 30 functions, and equipped with ultra-wideband technology, it can completely replace traditional car keys.
To support such powerful and comprehensive features, the NIO Phone is equipped with a large 5,200 mAh battery and an in-box GaNFast charger offering up to 66 W of charging power. Measuring only 57 x 57 x 30 mm (97.5 cc), the NV6136 GaNFast power IC in a high-frequency quasi-resonant (HFQR) topology with loss-less current sensing and ultra-fast autonomous short-circuit protection, delivers power density of 1.03 W/cc.
Mr. Zhang Baozhou who is responsible for NIO’s mobile phone supply chain, stated, “NIO is dedicated to providing users with high-performance smart electric vehicles and ultimate user experience, creating a delightful lifestyle for our users.
The NIO Phone fulfills the expectations and needs of NIO users for a flagship smartphone, making their cars more intuitive and user-friendly. In launching NIO Phone, we are very pleased to collaborate with Navitas Semiconductor, industry leader in GaN to utilize the mature, cutting-edge GaNFast power ICs, allowing our users to experience a comprehensive, lightweight, and efficient charging experience.”
Mr. Wu Gongli, GM of R&D for TenPao, the manufacturing partner for the NIO Phone commented, “We are excited to work with Navitas to build this leading GaN charger for NIO users, marking an important milestone in TenPao’s development. Navitas’ GaNFast ICs deliver top power-density performance with easy-to-use features. The combination of high efficiency and fast design accelerates our time-to-market.”
Mr. Yingjie (Charles) Zha, VP and GM of Navitas China, stated, “Navitas is extremely honored to collaborate with TenPao to make the NIO Phone possible by integrating the leading GaNFast technology into the NIO Phone. Navitas’ mission to ‘Electrify Our World™’ aligns closely with NIO’s objective of ‘Blue Sky Coming’. This is just the beginning of our collaboration. In the future, Navitas will spare no effort to deeply-integrate energy-saving, sustainable, world-leading GaN and SiC technology into NIO Phone’s DNA, creating a comprehensive lifestyle revolution from a smartphone to EVs.”
Original – Navitas Semiconductor