DENSO to Take Minority Stake in JASM

TSMC (TWSE: 2330, NYSE: TSM), Sony Semiconductor Solutions Corporation (“SSS”) and DENSO Corporation (“DENSO”) today announced that DENSO will take a minority stake in Japan Advanced Semiconductor Manufacturing, Inc. (“JASM”), TSMC’s majority-owned manufacturing subsidiary in Kumamoto Prefecture, Japan with a US$0.35 billion investment. With this equity investment, DENSO will hold a more than 10% equity stake in JASM.

Construction of JASM’s fab in Japan is scheduled to begin in the 2022 calendar year with production targeted to begin by the end of 2024. To support market demand, TSMC will also enhance JASM’s capabilities with 12/16 nanometer FinFET process technology in addition to the previously announced 22/28 nanometer process and increase monthly production capacity to 55,000 12-inch wafers. With the additional capacity, the total capital expenditure for JASM’s Kumamoto fab is estimated to be approximately US$8.6 billion with strong support from the Japanese government. The fab is expected to directly create about 1,700 high-tech professional jobs.

The closing of the transaction between JASM and DENSO is subject to customary closing conditions.

“TSMC is very glad to welcome DENSO’s participation in JASM to enable fresh innovations in the future of transportation together,” said Dr. CC Wei, Chief Executive Officer of TSMC. “JASM is not only an opportunity for TSMC to support growing market demand for specialty technologies, it enables us to leverage Japan’s top-notch semiconductor talent and contribute to the growth of the global semiconductor ecosystem.”

“While the global demand for semiconductors is expected to grow, we expect JASM to contribute to securing a stable supply of logic wafers, not only for us but also the overall industry,” said Terushi Shimizu, President and CEO of Sony Semiconductor Solutions Corporation. “We are very pleased to have DENSO as a new member, and we look forward to working with them to support the launch of JASM.”

“Semiconductors are becoming increasingly important in the automotive industry as mobility technologies evolve, including automated driving and electrification,” said Koji Arima, President and CEO of DENSO Corporation. “Through this partnership, we contribute to the stable supply of semiconductors over the medium to long term and thus to the automotive industry.”

About TSMC

TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world.

TSMC deployed 291 distinct process technologies, and manufactured 12,302 products for 535 customers in 2021 by providing broadest range of advanced, specialty and advanced packaging technology services. TSMC is the first foundry to provide 5-nanometer production capabilities, the most advanced semiconductor process technology available in the world. The Company is headquartered in Hsinchu, Taiwan. For more information please visit https://www.tsmc.com.

About Sony Semiconductor Solutions

Sony Semiconductor Solutions Corporation is a wholly owned subsidiary of Sony Group Corporation and the global leader in image sensors. Our semiconductor business also includes a variety of other parts including microdisplays, LSIs, and laser diodes. We strive to provide advanced imaging technologies that bring greater convenience and fun to people’s lives. In addition, we also work to develop and bring to market new kinds of sensing technologies with the aim of offering various solutions that will take the visual and recognition capabilities of both human and machines to greater heights. For more information, please visit https://www.sony-semicon.co.jp/e/.

About DENSO

DENSO is a $44.6 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 200 facilities to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company’s 168,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 10.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2021. For more information about global DENSO, visit https://www.denso.com/global.






Topic: Press release summary

Scheme for Minority People of North Eastern States


The Government has implemented various schemes for the welfare and upliftment of every section of the society including minorities especially the economically weaker & lesser privileged sections of the society with schemes like Pradhan Mantri Jan Arogya Yojana (PMJAY), Pradhan Mantri Mudra Yojana (PMMY), Pradhan Mantri Kisan Samman Nidhi (PM KISAN), Pradhan Mantri Ujjwala Yojana (PMUY), Pradhan Mantri Awas Yojana (PMAY), Beti Bachao Beti Padhao Yojana, etc. Ministry of Minority Affairs also implements programmes/ schemes across the country including North Eastern States for socio-economic and educational empowerment of the six (6) centrally notified minority communities namely Christians, Sikhs, Buddhists, Muslims, Parsis and Jains. The schemes/programmes implemented by the Ministry in brief are as under: –




(A): Educational Empowerment Schemes:            




(1) Pre-Matric Scholarship Scheme- Scholarship is provided to minority students from Class I to X, out of which 30% scholarship are earmarked for girls.




Post-Matric Scholarship Scheme- Scholarship is provided to minority students from Class XI to PhD., out of which 30% scholarship are earmarked for girls.




Merit-cum-Means based Scholarship Scheme- Scholarship is provided to minority students for Professional and Technical courses, at Under Graduate and Post Graduate level, out of which 30% scholarship are earmarked for girls.




All the three Scholarship schemes are on boarded on the National Scholarship Portal (NSP) and the scholarship amount is disbursed through Direct Benefit Transfer (DBT) mode.




 (2) Maulana Azad National Fellowship Scheme – Under the scheme fellowship in the form of financial assistance is provided to minority candidates who clear the UGC-NET or Joint CSIR UGCNET examination.




 (3) Naya Savera – Free Coaching and Allied Scheme – The Scheme aims to provide free coaching to students/candidates belonging to minority communities for qualifying in entrance examinations of technical/ medical professional courses and various Competitive examinations.




 (4) Padho Pardesh – Under the scheme interest subsidy is provided to students of minority communities on educational loans, for overseas higher studies.




(5) Nai Udaan – Support is provided to minority candidates clearing Preliminary examination conducted by Union Public Service Commission (UPSC), State Public Service Commission (PSC), Staff Selection Commission (SSC) etc.




(B): Employment Oriented Schemes:


(6) Seekho Aur Kamao – Skill development scheme for youth of 14 – 35 years age group and aiming at providing employment and employment opportunities, improving the employability of existing workers, school dropouts etc.




(7) USTTAD (Upgrading the Skills and Training in Traditional Arts/Crafts for Development)- An effective platform to provide self-employment, market and opportunity to traditional artisans and craft persons from the minority communities. Hunar Haats are being organised across the country to provide employment opportunities and markets to artisans/craftsmen.




 (8) Nai Manzil – A scheme for formal school education & skilling of school dropouts or educated in community educational institutions like Madrasas.




(9) Nai Roshni – Leadership development of women belonging to minority communities and non-minority communities (not exceeding 25% of each batch).




(C): Special Schemes


 (10) Jiyo Parsi – Scheme for containing population decline of Parsis in India.




 (11) Hamari Dharohar- A scheme to preserve rich heritage of minority communities of India under the overall concept of Indian culture.




(D): Infrastructure Development Programme:




 (12) Pradhan Mantri Jan Vikas Karyakram (PMJVK) – The scheme aims to provide basic infrastructure such as Schools, Colleges, ITIs, Polytechnics, Hostels, Sadbhav Mandap, Skill Development Centres, Drinking water and Sanitation facilities, Health Projects including hospitals, Sport facilities, Smart classrooms, Aanganwadi Centers etc. in deprived areas of the country. The scheme is implemented in the identified areas having minimum of 25% minority population and backwardness parameters below the national average in respect of socio economic or basic amenities or both.




(13) Also, Maulana  Azad  Education  Foundation  (MAEF)  implements  education  and  skill related  schemes  as  follows:-  (a)  Begum  Hazrat Mahal  National  Scholarship  for Meritorious  Girls  belonging  to  the  economically  weaker  sections  of  Minorities  (b)  Gharib Nawaz  Employment  Scheme  started  in  2017-18  for  providing  short  term  job  oriented skill development training  to youth (c) Grant-in-aid  to NGOs for infrastructure development of educational institutions.




(14) Equity to National Minorities Development and Finance Corporation (NMDFC) for providing concessional loans to minorities for self-employment and income generating ventures. 


The details of the schemes mentioned at S. No.(1) to (12) are available on the website of this Ministry  (www.minorityaffairs.gov.in) and those at serial No.(13) and (14) are available on the website of MAEF (www.maef.nic.in) and NMDFC (www.nmdfc.org) respectively. 




As per Section 2 (c) of the National Commission for Minorities (NCM) Act, 1992, six communities namely Christians, Sikhs, Muslims, Buddhists, Jains and Parsis have been notified as minority communities.  As per Census 2011, population of minority communities in the country are:- Muslims – 17,22,45,158, Christians – 2,78,19,588,  Sikhs –  2,08,33,116,  Buddhists – 84,42,972,  Jains  – 44,51,753   and   Parsis – 57,264.




No State-wise allocation of funds is made in the budget of this Ministry. However, during last five years an amount of Rs. 21,934.38 Crores had been allocated for schemes being implemented by this Ministry.




This information was given by the Union Minister for Minority Affairs Shri Mukhtar Abbas Naqvi in a written reply in the Lok Sabha today.


*****


N Ao//(MoMA_LSQ-318)








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BDA Advises Con Cung on Sale of Minority Stake to Quadria Capital

 BDA Partners is pleased to announce that its clients, the shareholders of Con Cung Investment Corp (“Con Cung”), have sold a minority stake to Quadria Capital. The co-founders of Con Cung will continue to drive the growth of the company, with the support of Quadria Capital and existing institutional shareholders. Part of the proceeds will be used to support further growth of Con Cung.

BDA was the exclusive financial advisor to Con Cung.

Con Cung is the leading mom-and-baby (“M&B”) retail chain in Vietnam, with nearly 600 stores across 48 provinces. As the one-stop M&B solution provider, Con Cung has a diversified product portfolio including baby food, diapers, childrenswear, toys, and personal care products, both private label and third-party brands.

The Company possesses an integrated management system covering all business aspects (from store development, merchandising, planning, logistics to finance and accounting). Con Cung’s system helps to ensure efficient daily interaction between business functions, minimize labor cost, keep track of store performances in real-time basis, as well as optimize store assortment and inventory management.

On the back of its strong IT foundation, the Company has been able to quickly expand its store network and to develop an integrated omni-channel business model. Con Cung’s mobile app offers a customized, seamless shopping experience to customers from online to offline, and aims to be the leading e-commerce “super-app” with quality M&B products and personalized solutions for Vietnamese families.

Nguyen Quoc Minh, Chairman of Con Cung, said, “Over the last ten years, Con Cung has grown rapidly to become the leading, top-of-mind mom and baby retailer in Vietnam; and our strong technology background has helped us to capture the rapidly growing internet economy and online shopping trend in recent years in Vietnam. Leveraging our market leadership in the country, the partnership between Con Cung and Quadria Capital will prepare the company for its next phase of growth, with the focus on expanding the store network, developing the omni-channel model, and generating a differentiated experience for customers.”

Ewan Davis, Managing Director of Quadria Capital, said, “The Covid-19 pandemic has shown how important it is for us to prioritise health and wellbeing. We are proud to partner with Con Cung to provide easy access to essential healthcare products and services in Vietnam, especially to the vulnerable population such as growing families with infants and young children. Con Cung has done a tremendous job in building a market leading platform that addresses such unmet needs and we are excited to come on board to support its next phase of growth.”

Huong Trinh, Managing Director, Head of Ho Chi Minh City, BDA Partners, said, “We are proud to have advised our clients on this transaction. Despite the severe disruptions brought by Covid-19 in the second half of 2021, this transaction was concluded within six months. Vietnam remains an attractive destination for foreign investors during the pandemic, driven by a promising macroeconomic outlook, growing consumer base, and rapidly rising internet economy.”

Karen Cheung, Managing Director, Head of Consumer & Retail Asia, BDA Partners, said, “This marks the first investment of Quadria Capital in the fast-growing retail space in Vietnam. We look forward to seeing Con Cung’s strong expansion in the near future with the support from Quadria Capital, given the surge in demand for quality M&B goods, and the shift in consumer behaviour towards omni-channel retail. This transaction demonstrates BDA’s expertise in cross-border execution, and reaffirms our strong ability in the consumer sector.”

Deal team

Huong Trinh, Managing Director, Ho Chi Minh City

Karen Cheung, Managing Director, Hong Kong

Pius Sutopo, Vice President, Singapore

Yen Pham, Associate, Ho Chi Minh City

Minh Pham, Analyst, Ho Chi Minh City

Doug Nguyen, Analyst, Ho Chi Minh City

Danny Nguyen, Analyst, Ho Chi Minh City

About Con Cung

Con Cung operates the largest retail chain for mother and baby products in Vietnam. The company was founded in 2011 and is headquartered in Ho Chi Minh City, Vietnam. www.concung.com

About Quadria Capital

Quadria Capital is an independent healthcare focused private equity firm, with assets under management exceeding US$2.2bn and investments in 21 companies across the Asia-Pacific region. www.quadriacapital.com

About BDA

BDA Partners is the global investment banking advisor for Asia. We are a premium provider of Asia-related advice to sophisticated clients globally, with 25 years’ experience advising on cross-border M&A, capital raising, and financial restructuring. We provide global reach with our teams in New York and London, and true regional depth through our seven Asian offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul, and Tokyo. BDA has deep expertise in the Chemicals, Consumer & Retail, Health, Industrials, Services and Technology sectors. We work relentlessly to earn our clients’ trust by delivering insightful advice and outstanding outcomes. BDA Partners has strategic partnerships with William Blair, a premier global investment banking business, and with DBJ (Development Bank of Japan), a Japanese government-owned bank with US$150bn of assets.

US securities transactions are performed by BDA Partners’ affiliate, BDA Advisors Inc., a broker-dealer registered with the Securities and Exchange Commission (SEC). BDA Advisors Inc. is a member of the Financial Industry Regulatory Authority (FINRA) and SIPC. In the UK, BDA Partners is authorised and regulated by the Financial Conduct Authority (FCA). In Hong Kong, BDA Partners (HK) Ltd. is licensed and regulated by the Securities & Futures Commission (SFC) to conduct Type 1 and Type 4 regulated activities to professional investors. www.bdapartners.com

BDA Partners

Euan Rellie

212-265-5300

www.bdapartners.com

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Union Minority Affairs Minister Mukhtar Abbas Naqvi announces Haj 2022

Ministry of Minority Affairs

Union Minority Affairs Minister Mukhtar Abbas Naqvi announces Haj 2022



Online application process for Haj 2022 starts today 1st November; last date 31st Jan 2022

Indian Haj pilgrims to go ‘Vocal for Local’; indigenous items to be given to pilgrims at embarkation points in India

Selection process of Haj pilgrims based on full COVID-19 vaccination

Digital Health Card, “E-MASIHA” for all Haj pilgrims: Union Minister Mukhtar Abbas Naqvi


Posted On:
01 NOV 2021 3:00PM by PIB Mumbai

Mumbai, 1st Nov, 2021

Online application process for Haj 2022 starts today, 1st November, 2021. This has been announced by the Union Minister for Minority Affairs Shri Mukhtar Abbas Naqvi, at Haj House in Mumbai today. The Minister said that Haj 2022 is being held with significant reforms and enhanced facilities.

Announcing the pilgrimage, the Minister said: “The entire Haj process will be 100 percent online. People can apply online and also through ‘Haj Mobile App’, equipped with modern facilities. The last date of applying for Haj 2022 is 31st January, 2022. The App has been upgraded with the tagline ‘Haj App In Your Hand’; it contains several new features which include frequently asked questions, information to fill up the application form and videos giving information to applicants to fill up the form in a very simple manner.”

Vocal for Local

The Minister said that this time, Indian Haj pilgrims will promote “Vocal for Local”, going to Haj with indigenous products. Earlier, Haj pilgrims used to buy bed sheets, pillows, towels, umbrellas and other items in Saudi Arabia in foreign currency. This time, most of these indigenous goods will be bought in India in Indian currency. While these goods will be available in India at about 50 percent lower prices in comparison to Saudi Arabia, it will also encourage “Swadeshi” and “Vocal for Local”. All these items will be given to Haj pilgrims at their respective embarkation points in India.

Shri Naqvi said that for decades, Haj pilgrims used to buy all these items in Saudi Arabia in foreign currency. Interestingly, most of these items were “Made in India”, which various companies used to buy from India and sell to Haj pilgrims in Saudi Arabia at double or even triple the price. Shri Naqvi said that according to an estimate, this arrangement will save crores of rupees to Indian Haj pilgrims. India sends 2 lakh Haj pilgrims every year.

Selection Based on Complete COVID-19 Vaccination

Shri Naqvi said that the selection process of Haj pilgrims will be done according to complete vaccination with both the doses and guidelines and criteria to be decided by Indian and Saudi Arabia Governments, keeping in view COVID-19 protocols during the time of Haj 2022.

Shri Naqvi said that the entire Haj 2022 process has been chalked out after deliberations among Ministry of Minority Affairs, Ministry of Health, Ministry of External Affairs, Ministry of Civil Aviation, Haj Committee of India, Indian Embassy in Saudi Arabia and India’s Consul General in Jeddah and other agencies keeping in view all aspects of the pandemic challenges.

10 Embarkation Points for Haj 2022

Shri Naqvi said that embarkation points for Haj 2022 have been reduced from 21 to 10. For Haj 2022, the 10 embarkation points are Delhi, Mumbai, Kolkata, Ahmedabad, Hyderabad, Bengaluru, Lucknow, Cochin, Guwahati, and Srinagar.  

  1. Delhi embarkation point will cover Delhi, Punjab, Haryana, Himachal Pradesh, Chandigarh, Uttarakhand, Rajasthan, western districts of Uttar Pradesh
  2. Mumbai will cover Maharashtra, Goa, Madhya Pradesh, Chhattisgarh, Daman & Diu, Dadra & Nagar Haveli
  3. Kolkata will cover West Bengal, Odisha, Tripura, Jharkhand and Bihar
  4. Ahmedabad will cover entire Gujarat
  5. Bengaluru will cover entire Karnataka and Chittoor district of Andhra Pradesh
  6. Hyderabad will cover Andhra Pradesh and Telangana
  7. Lucknow will cover all parts of Uttar Pradesh except western parts
  8. Cochin will cover Kerala, Lakshadweep, Puducherry, Tamil Nadu and Andaman & Nicobar
  9. Guwahati will cover Assam, Meghalaya, Manipur, Arunachal Pradesh, Sikkim and Nagaland
  10. Srinagar will cover Jammu-Kashmir, Leh-Ladakh-Kargil

E-MASIHA for all pilgrims

Shri Naqvi said that Digital Health Card, “E-MASIHA” health facility and “E-luggage pre-tagging”, providing all information regarding accommodation/transportation in Makkah-Madinah, will be provided to all the Haj pilgrims.

Shri Naqvi said that more than 3000 women had applied for Haj 2020 and 2021 under without “Mehram” (male companion) category. Their applications will be eligible for Haj 2022 also if they want to go to perform Haj 2022. Other women can also apply for Haj 2022 under without “Mehram” category. All the women under without “Mehram” category will be exempted from the lottery system.

Royal Vice Consul General of Saudi Arabia in Mumbai, H.E. Mohammad Abdul Karim Al-Enazi; Joint Secretary, Union Minority Affairs Ministry, Smt. Nigar Fatima; Haj Committee of India CEO Mohammad Yakoob Shekha and other senior officials were present on the occasion.

Haj Mobile App can be downloaded here: https://play.google.com/store/apps/details?id=com.hajapp.hcoi

Haj related services provided by Govt. of Saudi Arabia can be accessed at: https://www.haj.gov.sa/en/InternalPages/Details/10234

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DL/PK

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