-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueComing to Terms With AI
In this issue, we examine the profound effect artificial intelligence and machine learning are having on manufacturing and business processes. We follow technology, innovation, and money as automation becomes the new key indicator of growth in our industry.
Box Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
IMI’s Subsidiary, VIA optronics AG, Announces Intention to Voluntarily Delist its ADSs from the New York Stock Exchange
April 11, 2024 | IMIEstimated reading time: 2 minutes
Integrated Micro-Electronics, Inc.’s subsidiary, VIA optronics AG (VIA), a leading supplier of interactive display solutions, announced on April 9, 2024 its intention to voluntarily delist its American Depository Shares (ADSs) from the New York Stock Exchange (NYSE), terminate its registration with the U.S. Securities and Exchange Commission (US SEC), and terminate its ADS program.
VIA notified the NYSE on April 9, 2024 of its intent to voluntarily delist its ADSs from the NYSE, pursuant to a resolution adopted by its Supervisory Board. VIA has also notified The Bank of New York Mellon (which acts as depositary under the ADS program) of the termination of the ADS program.
VIA believes that delisting and deregistration of the ADSs from the U.S. public markets will be more economical for the company, taking into account the low liquidity of its ADSs and the high costs of maintaining the NYSE listing and US SEC registration on an annual basis. VIA further believes that delisting and deregistration, and consequently the suspension of its US SEC reporting obligations, will allow the company to allocate resources more efficiently to execute its current business strategy by enabling its management and employees to focus more on managing its businesses and strengthening relationships with customers and business partners.
VIA currently anticipates that it will file with the US SEC a Form 25 relating to the delisting and deregistration of its ADSs on or around April 19, 2024. Unless the Form 25 is earlier withdrawn by VIA, the delisting of the ADSs will be effective 10 days after the filing of the Form 25. Accordingly, VIA anticipates that the last day of trading of the ADSs on the NYSE will be on or about April 29, 2024.
Following the delisting of its ADSs from NYSE and after VIAhas made all necessary US SEC filings and is otherwise able to do so, VIA plans to file with the US SEC a Form 15 to deregister its ADSs, and suspend its reporting obligations, under the U.S. Securities Exchange Act of 1934, as amended. The process for delisting from the NYSE, suspending US SEC reporting obligations and terminating the ADS program is expected to take time, require filings and notifications, and compliance with certain requirements. As such, VIA cannot provide assurances yet as to whether or when these actions will be consummated.
VIA had previously disclosed that it received notice from the NYSE that it is not currently in compliance with the continued listing standards of the NYSE.
Suggested Items
Avnet to Exhibit at the 2024 Embedded Vision Summit
05/14/2024 | AvnetAvnet’s exhibit plans for the 2024 Embedded Vision Summit include new development kits supporting AI applications.
Foxconn Announces Q1 2024 Financial Results
05/14/2024 | Foxconn ElectronicsIn the January-March quarter revenue hit NT$1.324 trillion, with key profit margins all improving. Earnings per share for the first three months of 2024 reached NT$1.59.
SiPearl: Partnership with Samsung Electronics for built-in HBM in Rhea
05/14/2024 | BUSINESS WIRESiPearl, the company building the high-performance low-power European microprocessor for HPC and AI inference, has signed a partnership with Samsung Electronics Co. Ltd., a world leader in advanced memory technology, to equip its Rhea series with Samsung’s advanced memory solution ideal for HPC and AI applications.
Viscom’s Approach to Inline X-Ray
05/14/2024 | Barry Matties, I-Connect007In this interview, Viscom President Ed Moll and CEO Jesper Lykke discuss the importance of inline X-rays for real-time data and board inspection. They also discuss AI integration, customer inquiries, and ROI considerations. Also, as Ed moves into semi-retirement, he reflects on his long career, recent developments, and the evolving X-ray industry. He shares his insights on career opportunities for emerging engineers in the industry.
Stefanik’s Advocacy Leads to Biden Administration Revoking Communist Chinese Huawei’s Export Licenses
05/14/2024 | Elise StefanikCongresswoman Elise Stefanik announced that following her advocacy the Biden Administration revoked export licenses that allowed American company Intel to supply Communist Chinese spy company Huawei with semiconductors.