Category: China

  • MIL-OSI USA: Ernst Protects U.S. Farmland, Calls for Modernization for Farmers

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    WASHINGTON – U.S. Senator Joni Ernst (R-Iowa), a member of the Senate Agriculture Committee, is working to modernize outdated U.S. Department of Agriculture (USDA) systems that burden many farmers and leave farmland vulnerable to foreign adversaries.
    During the hearing, Ernst secured a commitment from Richard Fordyce, nominee for Undersecretary of Agriculture for Farm Production and Conservation, to update and digitize the process for producers when working with their local USDA offices. She also pointed out her oversight efforts and ongoing work to overhaul the outdated Agricultural Foreign Investment Disclosure Act (AFIDA) reporting system to better protect American farmland from malign foreign actors.

    Watch her full line of questioning here.
    “That same modernization is needed when it comes to how USDA tracks and monitors foreign land in the United States,” said Ernst.“The Agriculture Foreign Investment Disclosure Act – AFIDA – was signed into law in 1978, and it has been barely touched since then. Even today, foreign land purchases are reported on paper and staff must manually reenter each submission, a process that’s inefficient and prone to errors, and I’ve seen this firsthand…The recent commitments from Secretary Rollins to modernize the AFIDA reporting process is welcome news. It’s a much-needed step to protect our farmland from adversaries.”
    Background:
    Ernst understands that food security is national security. Her bipartisan FARMLAND Act will overhaul the current outdated system that has allowed China’s malign influence to threaten American security.
    Ernst confronted the Biden USDA about its lack of oversight of foreign involvement in American agricultural land and questioned officials to ensure they make updates to the AFIDA reporting process a priority.

    MIL OSI USA News

  • MIL-OSI Russia: China, EU should expand trade, investment ties to cope with external uncertainty: Chinese Premier

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BEIJING, July 24 (Xinhua) — Chinese Premier Li Qiang on Thursday called on China and the European Union to expand trade and investment ties to enhance the resilience and vitality of both sides’ economies and better cope with external uncertainties.

    Li Qiang made the announcement at a China-EU entrepreneurs’ symposium at the Great Hall of the People in Beijing, which was also attended by European Commission President Ursula von der Leyen.

    Speaking to about 60 business leaders, Li Qiang stressed that cooperation is the only right choice for China and the EU, noting that the bilateral trade and economic cooperation has shown strong internal vigor in the half-century since the establishment of diplomatic relations.

    Facing rising protectionism and unilateralism, China and Europe can become a bulwark of stability for economic globalization and international supply chains by advocating free trade and multilateralism and engaging in closer economic and trade cooperation, the premier said.

    Li Qiang proposed that both sides focus on areas such as trade in services, scientific and technological innovation, green economy and cooperation with third parties, building a relationship of healthy competition and cooperation.

    He called on enterprises from both sides to adhere to an open attitude, closely align their needs and deepen cooperation in areas such as industrial investment, market expansion and joint research and development.

    The Chinese leader assured that China will continue to expand high-level opening-up, shorten the negative list for foreign investment, strengthen intellectual property protection and ensure fair competition.

    “We invite more European enterprises to invest in China and develop in an all-round way in China,” Li Qiang said, calling on the EU in turn to provide a fair, just and non-discriminatory business environment for Chinese enterprises investing in Europe.

    W. von der Leyen, for her part, noted that China is not only a major industrial power, but also achieves outstanding results in the field of innovation.

    According to her, the European Union hopes to take advantage of the 50th anniversary of the establishment of diplomatic relations to deepen a long-term, stable and mutually beneficial partnership with China.

    She pointed out that the EU intends to strengthen cooperation with China in areas such as trade and investment, jointly promote the stability of industrial and supply chains, properly resolve differences and create a favorable environment for cooperation and business.

    The EU has no intention of cutting ties with China and welcomes investment and activities by Chinese companies in Europe, the head of the European Commission added. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News

  • MIL-OSI China: Chinese women’s federations urged to advance institutional reform

    Source: People’s Republic of China – State Council News

    BEIJING, July 24 — Chinese State Councilor and All-China Women’s Federation (ACWF) President Shen Yiqin on Thursday called for continued reform of women’s federations.

    Speaking at an expanded meeting of the ACWF Standing Committee, Shen said advancing reform of women’s federations is both a key mandate from the third plenary session of the 20th Communist Party of China Central Committee and essential to mobilizing women’s strength in advancing Chinese modernization.

    Shen highlighted actions to strengthen political orientation and grassroots presence of women’s organizations, and maintain their progressive nature.

    She urged the federations to reinforce organizational networks, expand diverse working teams, improve cadre competence, and facilitate a shift in working style.

    MIL OSI China News

  • MIL-OSI China: China, EU should expand trade, investment ties to cope with external uncertainties: Chinese premier

    Source: People’s Republic of China – State Council News

    China, EU should expand trade, investment ties to cope with external uncertainties: Chinese premier

    Chinese Premier Li Qiang and President of the European Commission Ursula von der Leyen attend the China-EU Business Leaders Symposium at the Great Hall of the People in Beijing, capital of China, July 24, 2025. [Photo/Xinhua]

    BEIJING, July 24 — Chinese Premier Li Qiang on Thursday called on China and the European Union (EU) to expand trade and investment ties to enhance their economic resilience and vitality, and to increase their ability to negotiate external uncertainties.

    Li made the remarks at the China-EU Business Leaders Symposium, which was also attended by President of the European Commission Ursula von der Leyen, at the Great Hall of the People in Beijing.

    Speaking to some 60 business leaders, Li said that cooperation is the only correct choice for China and the EU, and that bilateral trade ties have demonstrated strong internal dynamism over the five decades since the establishment of these diplomatic relations.

    In the face of rising protectionism and unilateralism, China and the EU can play pivotal roles in economic globalization, and in the stability of international industrial and supply chains, by working together to uphold free trade and multilateralism, and through closer economic and trade cooperation, he said.

    He proposed that both sides focus on areas such as trade in services, sci-tech innovation, the green economy and third-party cooperation, and that they foster a good competitive and cooperative relationship.

    He encouraged enterprises from both sides to hold an open attitude, align their needs and deepen cooperation in the fields of industrial investment, market expansion, and joint research and development.

    Li noted that China will continue expanding its high-level opening-up, shorten its negative list for foreign investment, strengthen intellectual property protection and safeguard fair competition.

    “We welcome more European businesses to invest and pursue long-term operations in China,” he said, also calling on the EU to provide a fair, equitable and non-discriminatory environment for Chinese enterprises investing in Europe.

    Von der Leyen said that China is not only an industrial powerhouse but also a top performer in innovation.

    The EU stands ready to use the 50th anniversary of diplomatic relations as an opportunity to deepen its long-term, stable and mutually beneficial partnership with China, she said.

    She noted that the EU will enhance cooperation with China in such fields as trade and investment, work with China to promote industrial and supply chain stability, manage differences in a proper manner, and foster a favorable environment for cooperation and business.

    The EU has no intention to decouple from China and welcomes Chinese enterprises to invest in Europe, she added.

    MIL OSI China News

  • MIL-OSI China: China has invited high-level representatives from over 40 countries, intl’ organizations to attend 2025 World AI Conference: spokesperson

    Source: People’s Republic of China – State Council News

    China has invited high-level representatives from over 40 countries, intl’ organizations to attend 2025 World AI Conference: spokesperson

    BEIJING, July 24 — China has invited high-level representatives from over 40 countries and international organizations to attend the 2025 World AI Conference and High-Level Meeting on Global AI Governance, Chinese foreign ministry spokesperson Guo Jiakun said on Thursday.

    Chinese Premier Li Qiang will attend and address the opening ceremony of the 2025 World AI Conference and High-Level Meeting on Global AI Governance in Shanghai on July 26, a Chinese foreign ministry spokesperson announced on the same day.

    Speaking at a regular news briefing, Guo said artificial intelligence is developing rapidly and becoming an important driving force for the new round of technological revolution and industrial transformation, adding that holding the 2025 World AI Conference and High-Level Meeting on Global AI Governance is an important step to implement the Global AI Governance Initiative proposed by China, with the aim of making the conference a technology leader, application showcase, industry accelerator, and governance council in the field of AI.

    The theme of this year’s conference is “Global Solidarity in the AI Era”, according to Guo.

    “We hope that participating parties will have in-depth discussions on three major topics, namely deepening innovation cooperation and unleashing the intelligence dividend, promoting inclusive development and bridging the digital divide, and strengthening collaborative governance and ensuring AI for good,” Guo said.

    China looks forward to enhanced solidarity, joint pursuit for development and concerted actions to promote the sound and orderly development of AI and make sure it is a force for good, safety, and fairness, he added.

    MIL OSI China News

  • MIL-OSI China: 9 Chinese cities accredited as int’l wetland cities

    Source: People’s Republic of China – State Council News

    VICTORIA FALLS, Zimbabwe, July 24 — A total of nine Chinese cities were accredited as international wetland cities on Thursday during the opening of the 15th Meeting of the Conference of the Contracting Parties to the Ramsar Convention on Wetlands (COP15) held in Zimbabwe’s resort city of Victoria Falls, bringing the total number of such cities in China to 22, the highest in the world.

    The nine newly accredited cities are Chongming in Shanghai, Dali in Yunnan Province, Fuzhou in Fujian Province, Hangzhou in Zhejiang Province, Jiujiang in Jiangxi Province, Lhasa in the Xizang Autonomous Region, Suzhou in Jiangsu Province, Wenzhou in Zhejiang Province, and Yueyang in Hunan Province.

    Johane Chenjekwa, mayor of Kasane in Botswana, commended China for promoting wetland conservation, noting that Africa can benefit from cooperation with China in wetland management.

    “We will see, as we interact, what we can learn from them. They are also willing to learn from how we do things here, so it’s really a (great) experience to be mingling (together),” he said.

    Chenjekwa added that as the world faces the common challenge of wetland degradation, joint efforts with China can help tackle its impacts.

    In his opening remarks, Jay Aldous, deputy secretary-general of the Convention on Wetlands, noted that while urbanization brings tangible development progress, there is a need to ensure that it does not interfere with wetland preservation.

    “Unplanned or poorly managed urban expansion has emerged as a global concern, contributing to the degradation of wetlands, loss of biodiversity, disruption of ecological balance, rising greenhouse gas emissions, worsening air and water pollution, and escalating the impacts of climate change,” he said.

    In response to these challenges and recognizing the pivotal role of cities and urban wetlands, the Convention on Wetlands launched the Wetland City Accreditation scheme to encourage the protection of urban wetlands and their integration into sustainable urban planning, Aldous said.

    “By embracing the convention’s principles of wise use, cities can harness the ecological, social, and economic benefits that wetlands provide, including climate adaptation and mitigation, flood regulation, cultural value, and improved human well-being,” he said.

    Held under the theme of “Protecting Wetlands for our Common Future”, the COP15, which will conclude on July 31, has brought together contracting parties to strengthen international commitments to wetland protection.

    MIL OSI China News

  • MIL-OSI Russia: Heads of SCO media discussed ways to further deepen exchanges and cooperation

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    ZHENGZHOU, July 24 (Xinhua) — Fu Hua, director general of China’s Xinhua News Agency, held separate meetings with media executives attending the Shanghai Cooperation Organization (SCO) Media and Think Tank Summit in Zhengzhou, capital of central China’s Henan Province, on Thursday.

    Fu Hua welcomed media representatives and think tanks from SCO countries to come together to discuss ways to strengthen solidarity and cooperation and build a broad consensus on sustainable development within the SCO.

    The Xinhua Director-General expressed the hope that all parties will jointly tell stories of friendship and cooperation for common development, common prosperity and common promotion of peace, bringing wisdom and strength to building a beautiful home for the SCO.

    All parties agreed that the SCO Media and Think Tank Summit, held ahead of the organization’s summit in Tianjin, serves as a bridge for deepening cooperation and striving for common development.

    Director General of the Union of News Agencies of the Organization of Islamic Cooperation Mohammed Al Yami expressed his willingness to share stories about China with Arabic-speaking audiences and expressed hope for more fruitful results in cooperation with Xinhua on news exchange.

    Director General of the Belarusian Telegraph Agency (BelTA) Irina Akulovich called China an important defender of the international order. She promised to deepen exchanges with Xinhua and open a new chapter in practical cooperation between the two agencies.

    Director of the Kyrgyz National News Agency Kabar Mederbek Shermetaliev expressed hope to further strengthen personnel exchanges and mutual learning with Xinhua, thereby contributing to the establishment of closer cooperation between Kyrgyzstan and China within the SCO framework.

    Director General of the Russian news agency TASS Andrei Kondrashov expressed TASS’s readiness to deepen and expand its strategic partnership with Xinhua, contributing to the development of Russian-Chinese relations of comprehensive partnership and strategic interaction, entering a new era.

    The SCO Media and Think Tank Summit, jointly organized by Xinhua, the Chinese Academy of Social Sciences and the Henan Provincial People’s Government under the leadership of the State Council Information Office, is being held in Zhengzhou from July 23 to 27. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI United Nations: Statement attributable to the Spokesperson for the Secretary-General – on the Joint Press Statement on Climate Change at the China–EU Summit

    Source: United Nations secretary general

    The Secretary-General welcomes the commitment of China and the European Union to strengthen cooperation on climate change and drive the global just transition. As two of the world’s largest economies, the Secretary-General believes it is critical that China and the European Union continue to work together to ensure that COP30 in Brazil represents a major turning point in the global effort to address the climate crisis.
     
    The Secretary-General reiterates his call to all G20 countries to present 2035 NDCs that are economy-wide, cover all emissions, align with the 1.5-degree goal and define a credible pathway to transition away from fossil fuels as agreed at the First Global Stocktake.

    MIL OSI United Nations News

  • MIL-OSI Asia-Pac: Foreign Minister Lin and Paraguayan President Peña hold meeting, reaffirming rock-solid diplomatic ties

    Source: Republic of China Taiwan

    July 15, 2025  No. 245
    Minister of Foreign Affairs Lin Chia-lung met with President Santiago Peña on July 14 while leading a delegation to the Republic of Paraguay. During their meeting, Minister Lin delivered greetings and best wishes from President Lai Ching-te and conveyed sincere friendship to the government and people of Paraguay on behalf of the government and people of Taiwan.
     
    Welcoming Minister Lin’s delegation, President Peña communicated his highest regards to President Lai and reaffirmed the rock-solid diplomatic relations between Taiwan and Paraguay. Acknowledging the fraternal bond between the two countries, the president said that many years of cooperation had yielded diverse and fruitful results in a host of areas. He said that looking ahead, Paraguay would remain undaunted by foreign pressure and threats and continue to work hand in hand with Taiwan so as to move forward together.
     
    In his remarks, Minister Lin thanked President Peña for mentioning Taiwan first among Paraguay’s diplomatic allies during his inauguration speech in August 2023, which he said reflected the significance of Taiwan-Paraguay ties. He said that his visit to Paraguay was being undertaken to celebrate the 68th anniversary of diplomatic relations between the two nations and to lead a delegation of representatives from the semiconductor, ICT, technology, construction, smart agriculture, high-performance textile, green energy, furniture, and food processing industries—sectors with high potential for collaboration with their Paraguayan counterparts. He noted that a number of representatives had already decided to invest in factories in the Taiwan-Paraguay Smart Technology Park so as to develop business opportunities and create win-win outcomes. 
     
    Minister Lin also pointed out that Taiwan’s active promotion of the Diplomatic Allies Prosperity Project in Paraguay included such flagship initiatives as the Taiwan-Paraguay Polytechnic University, the Taiwan-Paraguay Smart Technology Park, an electric bus pilot program, and the development of a health information system (HIS) through the Health Information Management Efficiency Enhancement Project, as well as the planning and implementation of sovereign AI, 5G clean network, and HIS 2.0 programs. He said that these initiatives aimed to help Paraguay develop the technology sector and implement digital transformation, and exemplified the results of bilateral cooperation guided by the mindset that “Taiwan can help, Paraguay can lead.”
     
    President Peña and Minister Lin also attended the Paraguay-Taiwan Investment Opportunities Forum together. Speaking at the event, President Peña underlined the long-standing and solid diplomatic relations between Taiwan and Paraguay. He stated that Paraguay’s firm support for Taiwan over the past 68 years had been based on such shared values as freedom, democracy, and people’s right to self-determination, adding that this would not change for any economic interests or pressure. He said that helping Taiwan maintain its international presence was an important extension of Paraguay’s own legacy and sense of national dignity.
     
    President Peña went on to say that Paraguay’s economy was advancing steadily and that his country boasted an exceptional investment environment. He said he hoped that Taiwanese businesses would gain an in-depth understanding of Paraguay’s development potential and seize investment opportunities.
     
    Taiwan and Paraguay enjoy cordial and strong diplomatic relations. The two countries will continue to deepen their collaboration in education, technology, energy, agriculture, public health, infrastructure, and other fields so as to jointly expand progress and mutual prosperity. (E)

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: MOFA strongly protests South African government’s announcement unilaterally renaming and downgrading status of Taiwan’s liaison offices

    Source: Republic of China Taiwan

    MOFA strongly protests South African government’s announcement unilaterally renaming and downgrading status of Taiwan’s liaison offices

    Date:2025-07-22
    Data Source:Department of West Asian and African Affairs

    July 22, 2025  
    No. 253  

    Without consulting Taiwan, South Africa’s Department of International Relations and Cooperation (DIRCO) issued a notice in the Government Gazette on July 21 indicating that, from April 1, Taiwan’s liaison offices in South Africa had been renamed the Taipei Commercial Office in Johannesburg and the Taipei Commercial Office in Cape Town. The notice even erroneously cited United Nations General Assembly Resolution 2758 and South Africa’s “one China policy.” The Ministry of Foreign Affairs (MOFA) strongly protests this announcement.
     
    Minister of Foreign Affairs Lin Chia-lung promptly instructed MOFA’s Department of West Asian and African Affairs and the Taipei Liaison Office in the Republic of South Africa (TLO) to lodge solemn protests with the Liaison Office of South Africa in Taipei and DIRCO, respectively. He also directed the TLO to continue to negotiate with DIRCO on the principles of parity and dignity.
     
    South African Deputy President Paul Mashatile led a delegation to China from July 14 to 18. Following his visit, the South African government published its unreasonable announcement in the Government Gazette. This demonstrates that China has ramped up suppression of Taiwan in South Africa and that South Africa is willing to bow to China and exert pressure on Taiwan. MOFA expresses regret and dissatisfaction over these developments.
     
    MOFA reiterates that the position of the Taiwan government remains unchanged and that it will not accept the South African government’s unilateral violation of its 1997 agreement with Taiwan. The Taiwan government will continue to communicate with the South African government on the principles of parity and dignity. And in the face of South Africa’s repeated unilateral changes to the names and status of Taiwan’s liaison offices, Taiwan will take appropriate action in accordance with the circumstances.
     
    MOFA solemnly calls on South Africa, as the host country of this year’s Group of 20 summit, to abide by the 1997 legal framework concerning bilateral relations and not employ coercive tactics against Taiwan’s liaison offices or take any other actions that might interfere with their operations or services before both sides have reached a consensus through consultations. (E)

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: China has extended invitations to the 2025 World Conference on AI to senior officials from over 40 countries and international organizations — Chinese Foreign Ministry

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BEIJING, July 24 (Xinhua) — China has extended invitations to the World Conference on Artificial Intelligence (AI) and the 2025 Conference on Global AI Governance to senior officials from more than 40 countries and international organizations, Foreign Ministry spokesperson Guo Jiakun said Thursday.

    Chinese State Council Premier Li Qiang will attend and deliver a speech at the opening ceremony of the conference on July 26 in Shanghai, east China, a Chinese Foreign Ministry spokesman said the same day.

    At a regular press briefing, Guo Jiakun stressed that artificial intelligence is rapidly developing and has become an important driving force for a new round of scientific and technological revolution and industrial transformation. He added that holding the World AI Conference and the Global AI Governance Conference is an important step in implementing China’s Global AI Governance Initiative. The goal is to make the conference a technological benchmark, an application exhibition, a catalyst for industrial development, and a platform for discussions on AI governance.

    The theme of this year’s conference is “Global Solidarity in the Age of AI”.

    “We hope that participants will have in-depth discussions on three key topics: deepening innovation cooperation and unleashing intellectual dividends; promoting inclusive development and bridging the digital divide; strengthening joint governance and ensuring that AI development serves the interests of the people,” Guo Jiakun said.

    China hopes to strengthen unity, jointly strive for development and coordinated actions to ensure the healthy and orderly development of AI in the direction of benefit, safety and fairness, the Foreign Ministry spokesman added. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News

  • MIL-OSI Russia: China commends South Africa’s positive actions to uphold one-China principle

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BEIJING, July 24 (Xinhua) — China highly appreciates South Africa’s positive actions in upholding the one-China principle and UN General Assembly Resolution 2758, Chinese Foreign Ministry spokesman Guo Jiakun said Thursday.

    The South African government has reportedly issued a notice stating that the “Taipei Trade Office” in the country’s administrative capital Pretoria will no longer be recognised. South Africa has requested that the office be moved from Pretoria to Johannesburg. The “Taipei Liaison Office in Cape Town” will now be known as the “Taipei Trade Office”.

    Commenting on South Africa’s decision at a daily press briefing, Guo Jiakun recalled that the one-China principle is the political basis for the establishment and development of China’s diplomatic relations with other countries, as well as the basic norm of international relations and the prevailing consensus of the international community.

    “This also reflects the true meaning of the comprehensive strategic partnership of cooperation between China and South Africa in the new era,” the diplomat stressed, adding that China is willing to continue to firmly support each other on issues affecting the fundamental interests of the two sides together with South Africa. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Last person on Interpol’s Red Notice list of 100 fugitives in Asia returned to China

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BEIJING, July 24 (Xinhua) — Fugitive suspect Zhou Jinghua, the last person on the International Criminal Police Organization’s (Interpol) 100 most wanted fugitives list of “red notices” to be in Asia, has been repatriated to China thanks to cooperation between law enforcement and judicial authorities in China and Thailand. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News

  • MIL-OSI Russia: ECB keeps key interest rates unchanged

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    FRANKFURT AM MAIN, July 24 (Xinhua) — The European Central Bank (ECB) decided to leave key interest rates unchanged at its monetary policy meeting on Thursday.

    The deposit rate, with which the Central Bank regulates monetary policy, remains unchanged at 2 percent.

    According to Eurostat, the EU’s statistical office, inflation in the eurozone rose from 1.9 percent in May to 2 percent in June. Domestic price pressures continue to ease and wage growth is slowing, the ECB said in a statement.

    Thus, inflation in the eurozone fluctuates around the target indicator of 2%. The Central Bank has once again confirmed its determination to ensure its stabilization in the medium term.

    “The Governing Council stands ready to adjust all instruments within its mandate to ensure that inflation remains stabilised at the 2% target over the medium term and that the smooth functioning of the monetary policy transmission mechanism is maintained,” the regulator said in a statement. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Passenger car production in Russia fell by 2 percent in January-June

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    Moscow, July 24 (Xinhua) — Russia produced 326,000 passenger cars in the first half of 2025, down 2.1 percent from the same period a year earlier, the Federal State Statistics Service of the Russian Federation published on Thursday.

    In June, 45 thousand passenger cars were produced in Russia. This is 28.2 percent less than in June 2024.

    In the first half of 2025, the country saw a 23.9 percent reduction in truck production. During this period, 68.8 thousand units were produced in Russia. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: The Russian President promised to fully implement plans for the development of the Russian Navy

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    Moscow, July 24 /Xinhua/ — Russia will not back down from creating modern Russian Navy forces, all planned actions will be implemented in full, Russian President Vladimir Putin said at a flag-raising ceremony on the nuclear-powered missile submarine “Prince Pozharsky” on Thursday.

    “We will definitely and fully implement the planned creation of a modern navy, ensure the security of Russia and our national interests in all areas of the World Ocean. There can be no doubt about this,” the head of state noted.

    According to him, the construction of strategic missile submarines is a priority for the Russian Federation, since it allows it to ensure the global balance of power.

    The moment of raising the flag to the Russian anthem marked the inclusion of the nuclear-powered vessel in the country’s Navy.

    The nuclear-powered submarine cruiser Knyaz Pozharsky was launched in Severodvinsk in 2024. Being the fourth serial nuclear submarine of the Borey-A project, it belongs to the fourth generation of nuclear-powered submarines.

    “Prince Pozharsky” is equipped with modern missile and torpedo weapon systems, navigation, radio-technical and hydroacoustic weapons. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-Evening Report: Miles Franklin 2025: Siang Lu’s Ghost Cities is a haunting comedy about tyranny. Is it the funniest winner ever?

    Source: The Conversation (Au and NZ) – By Joseph Steinberg, Forrest Foundation Postdoctoral Fellow, English & Literary Studies, The University of Western Australia

    Siang Lu David Kelly/UQP

    The Miles Franklin judges described Siang Lu’s Ghost Cities, winner of the 2025 award, as “a grand farce and a haunting meditation on diaspora”. To my mind, it is perhaps the funniest novel ever to have won the Miles Franklin. In the last decade, its closest competitor would be Melissa Lucashenko’s boisterous, brilliant Too Much Lip.

    Turn the clock back a few more years, and it’d square off against the puerile humour of Tim Winton’s Cloudstreet, the zany folly of Peter Carey’s Oscar and Lucinda, and Thea Astley’s biting satire The Acolyte. It’d remain a strong contender even in such company.

    Lu earned a reputation for satire with his first novel, The Whitewash, in which he lampooned the racial politics of the film industry. Ghost Cities extends this skit, while dialling it up to 11.

    “Sitting within a tradition in Australian writing that explores failed expatriation and cultural fraud, Lu’s novel is also something strikingly new,” the judges said, praising its “absurdist bravura”.

    A comedy of tyranny

    Lu’s sense of humour relies on hyperbole. Over some 300 pages, the characters in Ghost Cities tie themselves in knots over a ludicrous series of edicts, demands and directives issued by a pair of dictators who grow crueller and more capricious with every chapter.

    Ghost Cities is a comedy of tyranny in two plots, told via alternating chapters. One begins in a semi-recognisable Sydney, then relocates to the fictitious ghost city of Port Man Tou; the other is a fable set in China’s Imperial City and its labyrinths millennia ago.


    Ghost Cities begins in the latter timeline, with the mock-heroic tale of Emperor Lu Huang Du’s ascension to the imperial throne and the beginning of his dictatorial rule. What defines his character, from the very first page, is his yawning ego; he yearns for an exceptional origin myth, a tale of patricide and regicide. The failure to fabricate myths of this kind later leads him to banish a trio of scholars to the Sixth Level of Hell and burn every book in the Imperial Library. What he wants is a hymn to his own “cunning, ruthless strategy and force of will”. But the truth is ignoble.

    Emperors should not come to power through inaction. They should not do so by “gawping as their purple-faced fathers clawed and sputtered on what would later be determined to be an awkwardly lodged chicken bone”. They should not “wait, in lacklustre fealty, for that final breathless minute to expire”. They should certainly not then proceed to order the death of every chicken in the land, because of the deranged belief “their traitorous bones were conspiring against His Imperial bloodline”. And they would be well advised not then to issue an edict forbidding the “breeding, eating and harbouring of poultry”, which leads the sons of “a hundred fallen agrarians” to swear vengeance.

    Perverse as he is, there is real pleasure to be found in tracking the consequences of Lu Huang Du’s whims. From his banishment of his brother, Lu Dong Pu, for the crime of intercepting an assassin’s blade, to his attempt to elude his prophesied death by conscripting a thousand lookalikes from among his citizens, the emperor is a character governed at every turn by an unspeakable fear of his own mortality.

    Through him, and the chapters that recount the consequences of his wildly temperamental rule in the form of an absurd fable, Lu offers a sharp yet entertaining study in the abuse of state power by the narcissistic and incompetent.

    Ghost Cities’ second dictator is a director named Baby Bao, who embarks on an egotistical undertaking of his own. His ambition is to create a “historical biopic of the infamous Indomitable Emperor Lu Huang Hu”, a self-styled piece of “cinematic history, a twenty-seven hour extravaganza – no intermission – in simultaneous worldwide release!”. Such a biopic would work primarily to reinforce his delusion that he is biologically “destined for greatness”, by illustrating his belief that his lineage can be traced to the emperor. The conceit makes gleefully explicit the egotism buried in so many artistic projects.

    The emperor is later opposed by his brother, Lu Dong Pu, and his nephew, Lu Shan Liang; his counterpart, Xiang Lu (note the resemblance of both their names to their author’s), is a phoney translator hired by the director after he goes viral for his ignorance of Chinese.

    Indecencies on indignities

    Siang Lu shares an interest in anagrams (and chess) with Russian-American writer Vladimir Nabokov, who appears in his own fiction under names such as Vivian Darkbloom and Adam von Librikov.


    Ghost Cities also includes a long, loosely iambic poem titled “Six Levels of Hell”, which narrates Lu Dong Pu’s escape from labyrinthine imprisonment beneath the Imperial City. Lu’s allusions to other texts are too various to properly discuss here. They include John Milton’s Paradise Lost, Dante’s Divine Comedy, Jorge Luis Borges’ Labyrinths, Nabokov’s Pale Fire and Italo Calvino’s Invisible Cities. These references extend Ghost Cities’ concern with the relationship between dictators, architects and artisans, rampaging gods and those humbler deities behind smaller creations.

    Women play an important role in Lu’s twin fables, albeit a comparatively subtle one. Wuer, first Lu Dong Pu’s wife and later (against her will) the Imperial Consort, records her husband’s torment in the poem Six Levels of Hell and mourns the death of Lu Shan Liang’s twin brother in a moving parenthetical aside. Yuan (who shares a name with Siang Lu’s wife), a translator and eventually Xiang Lu’s lover, is an intelligent interlocutor.

    But Ghost Cities is at its best when it piles indecencies on indignities – when it all goes totally wrong. When piglets are appointed to office. When the swine sits in the chair, and rules as it sees fit.

    Joseph Steinberg does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Miles Franklin 2025: Siang Lu’s Ghost Cities is a haunting comedy about tyranny. Is it the funniest winner ever? – https://theconversation.com/miles-franklin-2025-siang-lus-ghost-cities-is-a-haunting-comedy-about-tyranny-is-it-the-funniest-winner-ever-261584

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Bel Reports Second Quarter and First Half 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    WEST ORANGE, N.J., July 24, 2025 (GLOBE NEWSWIRE) — Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the second quarter and first half of 2025.

    Second Quarter 2025 Highlights

    • Net sales of $168.3 million compared to $133.2 million in Q2-24. Up 26.3% from Q2-24
    • Gross profit margin of 38.7%, compared to 40.1% in Q2-24
    • GAAP net earnings attributable to Bel shareholders of $26.9 million versus GAAP net earnings attributable to Bel shareholders of $18.8 million in Q2-24
    • Adjusted EBITDA of $35.2 million (20.9% of sales) as compared to $27.7 million (20.8% of sales) in Q2-24
    • Gain of $4.1 million on Sale of Glen Rock, PA building

    “We are pleased with our second quarter results, which exceeded expectations due to improved on-time shipments and enhanced intraquarter turns, reinforcing our thesis of growth for the year,” said Farouq Tuweiq, President and CEO. “Gross margins aligned with guidance, reflecting operational stability. Strength was evident in defense and commercial aerospace applications, alongside a rebound in networking and distribution sales in certain segments, signaling recovery after nearly two years of inventory destocking.

    “Tariffs minimally impacted performance, resulting in only $2.2 million of low-margin sales during the second quarter. We believe our ability to achieve solid results in uncertain times validates our strategic approach. For Q3, based on information available today, we anticipate net sales of $165-$180 million and gross margins of 37%-39%, driven by strong Q2 bookings and sequential growth expected in the second half.”

    “We remain optimistic about delivering value to our customers and shareholders as we navigate the evolving market dynamics,” concluded Mr. Tuweiq.

    Non-GAAP financial measures, such as Non-GAAP net earnings attributable to Bel shareholders, Non-GAAP EPS, Non-GAAP Operating Income and Adjusted EBITDA, adjust corresponding GAAP measures for provision for income taxes, other income/expense, net, interest income/expense, and depreciation and amortization, and also exclude, where applicable for the covered period presented in the financial statements, certain unusual or special items identified by management such as restructuring charges, gains/losses on sales of businesses and properties, acquisition related costs, impairment charges, noncontrolling interest (“NCI”) adjustments from fair value to redemption value, and certain litigation costsIn addition, in the fourth quarter of 2024, we modified our presentation of Non-GAAP financial measures, including revising our definitions of Adjusted EBITDA and Non-GAAP EPS, to additionally exclude from these Non-GAAP measures (i) stock-based compensation, (ii) amortization of intangibles (which primarily relates to the amortization of finite-lived customer relationships and technology associated with the Company’s historical acquisitions, including those associated with the recent acquisition of Enercon), and (iii) unrealized foreign currency exchange (gains) losses. We believe this change enhances investor insight into our operational performance. We have applied this modified definition of Adjusted EBITDA and Non-GAAP EPS to all periods presentedPlease refer to the financial information included with this press release for reconciliations of GAAP financial measures to Non-GAAP financial measures and our explanation of why we present Non-GAAP financial measures.

    Conference Call
    Bel has scheduled a conference call for 8:30 a.m. ET on Friday, July 25, 2025 to discuss these results. To participate in the conference call, investors should dial 877-407-0784, or 201-689-8560 if dialing internationally. The presentation will additionally be broadcast live over the Internet and will be available at https://ir.belfuse.com/events-and-presentations. The webcast will be available via replay for a period of at least 30 days at this same Internet address. For those unable to access the live call, a telephone replay will be available at 844-512-2921, or 412-317-6671 if dialing internationally, using access code 13754675 after 12:30 pm ET, also for 30 days.

    About Bel
    Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, general industrial, high-speed data transmission, defense, commercial aerospace, transportation and eMobility industries. Bel’s portfolio of products also finds application in the automotive, medical, broadcasting and consumer electronics markets. Bel’s product groups include Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies), and Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components). The Company operates facilities around the world.

    Company Contact:
    Lynn Hutkin
    Chief Financial Officer
    ir@belf.com

    Investor Contact:
    Three Part Advisors
    Jean Marie Young, Managing Director or Steven Hooser, Partner
    631-418-4339
    jyoung@threepa.com; shooser@threepa.com

    Cautionary Language Concerning Forward-Looking Statements
    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, our guidance for the third quarter of 2025; our statements regarding our expectations for future periods generally including anticipated financial performance, projections and trends for the remainder of the 2025 year ahead and other future periods; our statements regarding future events, performance, plans, intentions, beliefs, expectations and estimates, including statements regarding matters such as trends and expectations as to our sales, volumes, gross margin, products, product groups, customers, geographies and end markets; statements about uncertainty of the evolving tariff landscape, associated difficulties in forecasting, the Company’s estimates concerning Bel’s global sales and recently imposed tariffs, and the Company’s intention to continue to monitor the tariff landscape and assess potential alternatives; statements about anticipated continued strength in certain end markets, and views on the effects on the Company’s overall future performance; and statements regarding our expectations and beliefs regarding trends in the Company’s business and industry and the markets in which Bel operates, and about broader market trends and the macroeconomic environment generally, and other statements regarding the Company’s positioning, its strategies, future progress, investments, plans, targets, goals, and other focuses and initiatives, and the expected timing and potential benefits thereof. These forward-looking statements are made as of the date of this release and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “forecast,” “outlook,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Bel’s control. Bel’s actual results could differ materially from those stated or implied in our forward-looking statements (including without limitation any of Bel’s projections) due to a number of factors, including but not limited to, difficulties associated with integrating previously acquired companies, including any unanticipated difficulties, or unexpected or higher than anticipated expenditures, relating to Bel’s November 2024 acquisition of Enercon, and including, without limitation, the risk that Bel is unable to integrate the Enercon business successfully or difficulties that result in the failure to realize the expected benefits and synergies within the expected time period (if at all); the possibility that the Bel’s intended acquisition of the remaining 20% stake in Enercon is not completed in accordance with the shareholders agreement as contemplated for any reason, and any resulting disruptions to Bel’s business and its currently 80% owned Enercon subsidiary as a result thereof; trends in demand which can affect Bel’s products and results, including that demand in Enercon’s end markets can be cyclical, impacting the demand for Enercon’s products, which could be materially adversely affected by reductions in defense spending; the market concerns facing Bel’s customers, and risks for the Company’s business in the event of the loss of certain substantial customers; the continuing viability of sectors that rely on Bel’s products; the effects of business and economic conditions, and challenges impacting the macroeconomic environment generally and/or Bel’s industry in particular; the effects of rising input costs, and cost changes generally, including the potential impact of inflationary pressures; capacity and supply constraints or difficulties, including supply chain constraints or other challenges; the impact of public health crises; difficulties associated with the availability of labor, and the risks of any labor unrest or labor shortages; risks associated with Bel’s international operations, including Bel’s substantial manufacturing operations in China, and following Bel’s November 2024 acquisition of Enercon , risks associated with operations in Israel, which may be adversely affected by political or economic instability, major hostilities or acts of terrorism in the region; risks associated with restructuring programs or other strategic initiatives, including any difficulties in implementation or realization of the expected benefits or cost savings; product development, commercialization or technological difficulties; the regulatory and trade environment including the potential effects of the imposition or modification of new or increased tariffs either by the U.S. government on foreign foreign imports or by a foreign government on U.S. exports related to the countries in which Bel transacts business and trade restrictions that may impact Bel, its customers and/or its suppliers, and risks associated with the evolving trade environment, trade restrictions, and changes in trade agreements, and general uncertainty about future changes in trade and tariff policy and the associated impacts of those changes; risks associated with fluctuations in foreign currency exchange rates and interest rates; uncertainties associated with legal proceedings; the market’s acceptance of the Company’s new products and competitive responses to those new products; the impact of changes to U.S. and applicable foreign legal and regulatory requirements, including tax laws; and the risks detailed in Bel’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and in subsequent reports filed by Bel with the Securities and Exchange Commission, as well as other documents that may be filed by Bel from time to time with the Securities and Exchange Commission. In light of the risks and uncertainties impacting Bel’s business, there can be no assurance that any forward-looking statement will in fact prove to be correct. Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent Bel’s views as of the date of this press release. Bel anticipates that subsequent events and developments will cause its views to change. Bel undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing Bel’s views as of any date subsequent to the date of this press release.

    Non-GAAP Financial Measures
    The Non-GAAP financial measures identified in this press release as well as in the supplementary information to this press release (Non-GAAP net earnings attributable to Bel shareholders, Non-GAAP EPS, Non-GAAP Operating Income and Adjusted EBITDA) are not measures of performance under accounting principles generally accepted in the United States of America (“GAAP”). These measures should not be considered a substitute for, and the reader should also consider, income from operations, net earnings, earnings per share and other measures of performance as defined by GAAP as indicators of our performance or profitability. Our non-GAAP measures may not be comparable to other similarly-titled captions of other companies due to differences in the method of calculation. We present results adjusted to exclude the effects of certain unusual or special items and their related tax impact that would otherwise be included under U.S. GAAP, to aid in comparisons with other periods. We believe that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to our financial condition and results of operations. We use these non-GAAP measures to compare the Company’s performance to that of prior periods for trend analysis and for budgeting and planning purposes. We also believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other similarly situated companies in our industry, many of which present similar non-GAAP financial measures to investors. We also use non-GAAP measures in determining incentive compensation. For additional information about our use of non-GAAP financial measures in connection with our Incentive Compensation Program, please see the Executive Compensation Discussion and Analysis (CD&A) section appearing in our Definitive Proxy Statement filed with the Securities and Exchange Commission on April 11, 2025.

    Website Information
    We routinely post important information for investors on our website, www.belfuse.com, in the “Investor Relations” section. We use our website as a means of disclosing material, otherwise non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, Securities and Exchange Commission (SEC) filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

    [Financial tables follow]

     
    Bel Fuse Inc.
    Supplementary Information(1)
    Condensed Consolidated Statements of Operations
    (in thousands, except per share amounts)
    (unaudited)
     
        Three Months Ended     Six Months Ended  
        June 30,     June 30,  
        2025     2024     2025     2024  
                                     
    Net sales   $ 168,299     $ 133,205     $ 320,537     $ 261,295  
    Cost of sales     103,216       79,809       196,635       159,821  
    Gross profit     65,083       53,396       123,902       101,474  
    As a % of net sales     38.7 %     40.1 %     38.7 %     38.8 %
                                     
    Research and development costs     8,104       5,994       15,326       11,209  
    Selling, general and administrative expenses     30,914       24,141       60,421       49,085  
    As a % of net sales     18.4 %     18.1 %     18.8 %     18.8 %
    Restructuring charges     280       638       (2,653 )     703  
    Gain on sale of property     (4,075 )           (4,075 )      
    Income from operations     29,860       22,623       54,883       40,477  
    As a % of net sales     17.7 %     17.0 %     17.1 %     15.5 %
                                     
    Interest expense     (3,993 )     (415 )     (8,145 )     (849 )
    Interest income     264       1,146       539       2,261  
    Other income (expense), net     7,568       (471 )     10,207       1,346  
    Earnings before income taxes     33,699       22,883       57,484       43,235  
                                     
    Provision for income taxes     6,906       4,077       12,369       8,555  
    Effective tax rate     20.5 %     17.8 %     21.5 %     19.8 %
    Net earnings   $ 26,793     $ 18,806     $ 45,115     $ 34,680  
    As a % of net sales     15.9 %     14.1 %     14.1 %     13.3 %
                                     
    Less: Net earnings attributable to noncontrolling interest     822             1,660        
    Redemption value adjustment attributable to noncontrolling interest     (890 )           (1,280 )      
    Net earnings attributable to Bel Fuse Shareholders   $ 26,861     $ 18,806     $ 44,735     $ 34,680  
                                     
    Weighted average number of shares outstanding:                                
    Class A common shares – basic and diluted     2,115       2,124       2,115       2,131  
    Class B common shares – basic and diluted     10,551       10,492       10,504       10,551  
                                     
    Net earnings per common share:                                
    Class A common shares – basic and diluted   $ 2.03     $ 1.43     $ 3.39     $ 2.61  
    Class B common shares – basic and diluted   $ 2.14     $ 1.50     $ 3.58     $ 2.76  
     
    (1) The supplementary information included in this press release for 2025 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
    Bel Fuse Inc.
    Supplementary Information(1)
    Condensed Consolidated Balance Sheets
    (in thousands, unaudited)
     
        June 30, 2025     December 31, 2024  
    Assets                
    Current assets:                
    Cash and cash equivalents   $ 59,284     $ 68,253  
    Held to maturity U.S. Treasury securities           950  
    Accounts receivable, net     121,241       111,376  
    Inventories     164,648       161,370  
    Other current assets     33,442       31,581  
    Total current assets     378,615       373,530  
    Property, plant and equipment, net     48,704       47,879  
    Right-of-use assets     23,930       25,125  
    Related-party note receivable     3,715       2,937  
    Equity method investment     10,284       9,265  
    Goodwill and other intangible assets, net     436,292       439,984  
    Other assets     49,040       51,069  
    Total assets   $ 950,580     $ 949,789  
                     
    Total liabilities, redeemable noncontrolling interests and stockholders’ equity                
    Current liabilities:                
    Accounts payable   $ 53,685     $ 49,182  
    Operating lease liability, current     8,688       7,954  
    Other current liabilities     61,709       70,933  
    Total current liabilities     124,082       128,069  
    Long-term debt     250,000       287,500  
    Operating lease liability, long-term     16,387       17,763  
    Other liabilities     74,402       75,295  
    Total liabilities     464,871       508,627  
    Redeemable noncontrolling interests     80,966       80,586  
    Stockholders’ equity     404,743       360,576  
    Total liabilities, redeemable noncontrolling interests and stockholders’ equity   $ 950,580     $ 949,789  
     
    (1) The supplementary information included in this press release for 2025 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
    Bel Fuse Inc.
    Supplementary Information(1)
    Condensed Consolidated Statements of Cash Flows
    (in thousands, unaudited)
     
        Six Months Ended  
        June 30,  
        2025     2024  
                     
    Cash flows from operating activities:                
    Net earnings   $ 45,115     $ 34,680  
    Adjustments to reconcile net earnings to net cash provided by operating activities:                
    Depreciation and amortization     13,284       7,123  
    Stock-based compensation     2,900       1,775  
    Amortization of deferred financing costs     692       27  
    Deferred income taxes     (861 )     (2,930 )
    Net unrealized gains on foreign currency revaluation     (12,913 )     (355 )
    Gain on sale of property     (4,075 )      
    Other, net     1,595       652  
    Changes in operating assets and liabilities:                
    Accounts receivable, net     (8,203 )     2,805  
    Unbilled receivables     (1,400 )     6,887  
    Inventories     (122 )     7,972  
    Accounts payable     3,511       (4,026 )
    Accrued expenses     (8,641 )     (14,147 )
    Accrued restructuring costs     (5,075 )     (1,553 )
    Income taxes payable     2,143       4,517  
    Other operating assets/liabilities, net     914       (5,083 )
    Net cash provided by operating activities     28,864       38,344  
                     
    Cash flows from investing activities:                
    Purchases of property, plant and equipment     (6,718 )     (4,278 )
    Purchases of held to maturity U.S. Treasury securities           (122,345 )
    Proceeds from held to maturity securities     950       101,071  
    Investment in related party notes receivable     (778 )     (633 )
    Proceeds from sale of property, plant and equipment     4,867       229  
    Net cash used in investing activities     (1,679 )     (25,956 )
                     
    Cash flows from financing activities:                
    Dividends paid to common stockholders     (1,660 )     (1,674 )
    Deferred financing costs     (681 )      
    Repayments of long-term debt     (42,500 )      
    Proceeds of long-term debt     5,000        
    Purchases of common stock           (14,175 )
    Net cash used in financing activities     (39,841 )     (15,849 )
                     
    Effect of exchange rate changes on cash and cash equivalents     3,687       (934 )
                     
    Net decrease in cash and cash equivalents     (8,969 )     (4,395 )
    Cash and cash equivalents – beginning of period     68,253       89,371  
    Cash and cash equivalents – end of period   $ 59,284     $ 84,976  
                     
                     
    Supplementary information:                
    Cash paid during the period for:                
    Income taxes, net of refunds received   $ 11,422     $ 8,277  
    Interest payments   $ 8,188     $ 1,985  
    ROU assets obtained in exchange for lease obligations   $ 1,502     $ 4,239  
     
    (1) The supplementary information included in this press release for 2025 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
    Bel Fuse Inc.
    Supplementary Information(1)
    Product Group Highlights
    (dollars in thousands, unaudited)
     
        Sales     Gross Margin  
        Q2-25     Q2-24     % Change     Q2-25     Q2-24     Basis Point Change  
    Power Solutions and Protection   $ 86,799     $ 58,551       48.2 %     41.9 %     45.7 %     (380 )
    Connectivity Solutions     59,202       57,822       2.4 %     39.2 %     38.9 %     30  
    Magnetic Solutions     22,298       16,832       32.5 %     28.7 %     26.4 %     230  
    Total   $ 168,299     $ 133,205       26.3 %     38.7 %     40.1 %     (140 )
        Sales     Gross Margin  
        YTD June 2025     YTD June 2024     % Change     YTD June 2025     YTD June 2024     Basis Point Change  
    Power Solutions and Protection   $ 169,853       118,798       43.0 %     42.2 %     44.8 %     (260 )
    Connectivity Solutions     109,932       112,107       -1.9 %     38.6 %     37.6 %     100  
    Magnetic Solutions     40,752       30,390       34.1 %     26.9 %     21.8 %     510  
    Total   $ 320,537     $ 261,295       22.7 %     38.7 %     38.8 %     (10 )
     
    (1) The supplementary information included in this press release for 2025 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
    Bel Fuse Inc.
    Supplementary Information(1)
    Reconciliation of GAAP Net Earnings to Non-GAAP Operating Income and Adjusted EBITDA(2)(3)
    (in thousands, unaudited)
     
        Three Months Ended     Six Months Ended  
        June 30,     June 30,  
        2025     2024     2025     2024  
                                     
    GAAP Net earnings   $ 26,793     $ 18,806     $ 45,115     $ 34,680  
    Provision for income taxes     6,906       4,077       12,369       8,555  
    Other income/expense, net     (7,568 )     471       (10,207 )     (1,346 )
    Interest income     (264 )     (1,146 )     (539 )     (2,261 )
    Interest expense     3,993       415       8,145       849  
    GAAP Operating Income   $ 29,860     $ 22,623     $ 54,883     $ 40,477  
    Restructuring charges     280       638       (2,653 )     703  
    Amortization of inventory step-up     799             1,757        
    Gain on sale of property     (4,075 )           (4,075 )      
    Stock-based compensation     1,721       971       2,900       1,775  
    Non-GAAP Operating Income   $ 28,585     $ 24,232     $ 52,812     $ 42,955  
    Depreciation and amortization     6,600       3,439       13,284       7,123  
    Adjusted EBITDA   $ 35,185     $ 27,671     $ 66,096     $ 50,078  
    % of net sales     20.9 %     20.8 %     20.6 %     19.2 %
                                     
    (1) The supplementary information included in this press release for 2025 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
    (2) In this press release and supplemental information, we have included Non-GAAP financial measures, including Non-GAAP net earnings attributable to Bel shareholders, Non-GAAP EPS, Non-GAAP Operating Income and Adjusted EBITDA. We present results adjusted to exclude the effects of certain specified items and their related tax impact that would otherwise be included under GAAP, to aid in comparisons with other periods. We believe that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to our financial condition and results of operations. We use these non-GAAP measures to compare the Company’s performance to that of prior periods for trend analysis and for budgeting and planning purposes. We also believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other similarly situated companies in our industry, many of which present similar non-GAAP financial measures to investors. We also use non-GAAP measures in determining incentive compensation. See the section above captioned “Non-GAAP Financial Measures” for additional information.
    (3) In the fourth quarter of 2024, we modified our presentation of Non-GAAP financial measures, including revising our definitions of Adjusted EBITDA and Non-GAAP EPS, to additionally exclude from these Non-GAAP measures (i) stock-based compensation, (ii) amortization of intangibles (which primarily relates to the amortization of finite-lived customer relationships and technology associated with the Company’s historical acquisitions, including those associated with the recent acquisition of Enercon), and (iii) unrealized foreign currency exchange (gains) losses. We believe this change enhances investor insight into our operational performance. We have applied this modified definition of Adjusted EBITDA and Non-GAAP EPS to all periods presented.
    Bel Fuse Inc.
    Supplementary Information(1)
    Reconciliation of GAAP Measures to Non-GAAP Measures(2)(4)
    (in thousands, except per share data) (unaudited)
     
    The following tables detail the impact that certain unusual or special items had on the Company’s net earnings per common Class A and Class B basic and diluted shares (“EPS”) and the line items in which these items were included on the consolidated statements of operations.
     
        Three Months Ended June 30, 2025     Three Months Ended June 30, 2024  
    Reconciling Items   Earnings before taxes     Provision for income taxes     Net Earnings Attributable to Bel Fuse Shareholders     Class A EPS(3)     Class B EPS(3)     Earnings before taxes     Provision for income taxes     Net Earnings Attributable to Bel Fuse Shareholders     Class A EPS(3)     Class B EPS(3)  
                                                                                     
    GAAP measures   $ 33,699     $ 6,906     $ 26,861     $ 2.03     $ 2.14     $ 22,883     $ 4,077     $ 18,806     $ 1.43     $ 1.50  
    Restructuring charges     280       48       232       0.02       0.02       638       153       485       0.04       0.04  
    Redemption value adjustment on redeemable NCI                 (890 )     (0.07 )     (0.07 )                              
    Amortization of inventory step-up     799       184       615       0.05       0.05                                
    Gain on sale of property     (4,075 )     (937 )     (3,138 )     (0.24 )     (0.25 )                              
    Stock-based compensation     1,721       354       1,367       0.10       0.11       972       200       772       0.06       0.06  
    Amortization of intangibles     3,697       647       3,050       0.23       0.24       1,148       239       909       0.07       0.07  
    Unrealized foreign currency exchange (gains) losses     (9,250 )     (2,127 )     (7,123 )     (0.54 )     (0.57 )     370       80       290       0.02       0.02  
    Non-GAAP measures   $ 26,871     $ 5,075     $ 20,974     $ 1.58     $ 1.67     $ 26,011     $ 4,749     $ 21,262     $ 1.61     $ 1.70  
        Six Months Ended June 30, 2025     Six Months Ended June 30, 2024  
    Reconciling Items   Earnings before taxes     Provision for income taxes     Net Earnings Attributable to Bel Fuse Shareholders     Class A EPS(3)     Class B EPS(3)     Earnings before taxes     Provision for income taxes     Net Earnings Attributable to Bel Fuse Shareholders     Class A EPS(3)     Class B EPS(3)  
                                                                                     
    GAAP measures   $ 57,484     $ 12,369     $ 44,735     $ 3.39     $ 3.58     $ 43,235     $ 8,555     $ 34,680     $ 2.61     $ 2.76  
    Restructuring charges     (2,653 )     (323 )     (2,330 )     (0.18 )     (0.19 )     703       163       540       0.04       0.04  
    Redemption value adjustment on redeemable NCI                 (1,280 )     (0.10 )     (0.10 )                              
    Amortization of inventory step-up     1,757       404       1,353       0.10       0.11                                
    Gain on sale of property     (4,075 )     (937 )     (3,138 )     (0.24 )     (0.25 )                              
    Stock-based compensation     2,900       597       2,303       0.18       0.18       1,776       366       1,410       0.11       0.11  
    Amortization of intangibles     7,383       1,295       6,088       0.46       0.49       2,542       503       2,039       0.15       0.16  
    Unrealized foreign currency exchange (gains) losses     (12,913 )     (2,995 )     (9,918 )     (0.75 )     (0.79 )     (529 )     (127 )     (402 )     (0.03 )     (0.03 )
    Non-GAAP measures   $ 49,883     $ 10,410     $ 37,813     $ 2.86     $ 3.02     $ 47,727     $ 9,460     $ 38,267     $ 2.89     $ 3.04  
     
    (1) The supplementary information included in this press release for 2025 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
    (2) In this press release and supplemental information, we have included Non-GAAP financial measures, including Non-GAAP net earnings attributable to Bel shareholders, Non-GAAP EPS, Non-GAAP Operating Income and Adjusted EBITDA. We present results adjusted to exclude the effects of certain specified items and their related tax impact that would otherwise be included under GAAP, to aid in comparisons with other periods. We believe that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to our financial condition and results of operations. We use these non-GAAP measures to compare the Company’s performance to that of prior periods for trend analysis and for budgeting and planning purposes. We also believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other similarly situated companies in our industry, many of which present similar non-GAAP financial measures to investors. We also use non-GAAP measures in determining incentive compensation. See the section above captioned “Non-GAAP Financial Measures” for additional information.
    (3) Individual amounts of earnings per share may not agree to the total due to rounding.
    (4) In the fourth quarter of 2024, we modified our presentation of Non-GAAP financial measures, including revising our definitions of Adjusted EBITDA and Non-GAAP EPS, to additionally exclude from these Non-GAAP measures (i) stock-based compensation, (ii) amortization of intangibles (which primarily relates to the amortization of finite-lived customer relationships and technology associated with the Company’s historical acquisitions, including those associated with the recent acquisition of Enercon), and (iii) unrealized foreign currency exchange (gains) losses. We believe this change enhances investor insight into our operational performance. We have applied this modified definition of Adjusted EBITDA and Non-GAAP EPS to all periods presented.

    The MIL Network

  • MIL-OSI: NCS Multistage Holdings, Inc. Schedules Second Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 24, 2025 (GLOBE NEWSWIRE) — NCS Multistage Holdings, Inc. (“NCS” or the “Company”) (NASDAQ:NCSM) will host a conference call to discuss its second quarter 2025 results on Friday, August 1, 2025 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). NCS will issue its second quarter 2025 earnings release the evening prior to the conference call.

    The conference call will be available via a live audio webcast. Participants who wish to ask questions may register for the call here to receive the dial-in numbers and unique PIN. If you wish to join the conference call but do not plan to ask questions, you may join the listen-only webcast here. It is recommended that participants join at least 10 minutes prior to the event start. The replay will be available in the Investors section of the Company’s website shortly after the conclusion of the call and will remain available for approximately seven days.

    NCS Multistage Holdings, Inc. is a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completions and field development strategies. NCS provides products and services primarily to exploration and production companies for use in onshore and offshore wells, predominantly wells that have been drilled with horizontal laterals in both unconventional and conventional oil and natural gas formations. NCS’s products and services are utilized in oil and natural gas basins throughout North America and in selected international markets, including the North Sea, the Middle East, Argentina and China. NCS’s common stock is traded on the Nasdaq Capital Market under the symbol “NCSM.” Additional information is available on the website, www.ncsmultistage.com.

    Contact:
    Mike Morrison
    Chief Financial Officer and Treasurer
    +1 281-453-2222
    IR@ncsmultistage.com

    The MIL Network

  • MIL-OSI Security: Security News: Arizona Woman Sentenced for $17M Information Technology Worker Fraud Scheme that Generated Revenue for North Korea

    Source: United States Department of Justice

    An Arizona woman was sentenced today to 102 months in prison for her role in a fraudulent scheme that assisted North Korean Information Technology (IT) workers posing as U.S. citizens and residents with obtaining remote IT positions at more than 300 U.S. companies. The scheme generated more than $17 million in illicit revenue for Chapman and for the Democratic People’s Republic of Korea (DPRK or North Korea).

    Christina Marie Chapman, 50, of Litchfield Park, Arizona, pleaded guilty on Feb. 11 in the District of Columbia to conspiracy to commit wire fraud, aggravated identity theft, and conspiracy to launder monetary instruments. In addition to the 102-month prison term, U.S. District Court Judge Randolph D. Moss ordered Chapman to serve three years of supervised release, to forfeit $284,555.92 that was to be paid to the North Koreans, and to pay a judgment of $176,850.

    “Christina Chapman perpetrated a years’ long scheme that resulted in millions of dollars raised for the DPRK regime, exploited more than 300 American companies and government agencies, and stole dozens of identities of American citizens,” said Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division. “Chapman made the wrong calculation: short term personal gains that inflict harm on our citizens and support a foreign adversary will have severe long term consequences.  I encourage companies to remain vigilant of these cyber threats, and warn individuals who may be tempted by similar schemes to take heed of today’s sentence.”

    “North Korea is not just a threat to the homeland from afar. It is an enemy within. It is perpetrating fraud on American citizens, American companies, and American banks. It is a threat to Main Street in every sense of the word,” said U.S. Attorney Jeanine Ferris Pirro for the District of Columbia. “The call is coming from inside the house. If this happened to these big banks, to these Fortune 500, brand name, quintessential American companies, it can or is happening at your company. Corporations failing to verify virtual employees pose a security risk for all. You are the first line of defense against the North Korean threat.”

    “The North Korean regime has generated millions of dollars for its nuclear weapons program by victimizing American citizens, businesses, and financial institutions,” said Assistant Director Rozhavsky of the FBI’s Counterintelligence Division. “However, even an adversary as sophisticated as the North Korean government can’t succeed without the assistance of willing U.S. citizens like Christina Chapman, who was sentenced today for her role in an elaborate scheme to defraud more than 300 American companies by helping North Korean IT workers gain virtual employment and launder the money they earned. Today’s sentencing demonstrates that the FBI will work tirelessly with our partners to defend the homeland and hold those accountable who aid our adversaries.”

    “The sentencing today demonstrates the great lengths to which the North Korean government will go in its efforts and resources to fund its illicit activities. The FBI continues to pursue these threat actors to disrupt their network and hold those accountable wherever they may be,” said Special Agent in Charge Heith Janke of the FBI Phoenix Field Office.

    “Today’s sentencing brings justice to the victims whose identities were stolen for this international fraud scheme,” said Special Agent in Charge Carissa Messick of the IRS Criminal Investigation (IRS-CI) Phoenix Field Office. “The scheme was elaborate. If this sentencing proves anything, it’s that no amount of obfuscation will prevent IRS-CI and our law enforcement partners from tracking down those that wish to steal the identities of U.S. nationals, launder money, or engage in criminality that jeopardizes national security.”

    The case involved one of the largest North Korean IT worker fraud schemes charged by the Department of Justice, with 68 identities stolen from victims in the United States and 309 U.S. businesses and two international businesses defrauded.

    According to court documents, North Korea has deployed thousands of highly skilled IT workers around the world, including to the United States, to obtain remote employment using false, stolen, or borrowed identities of U.S. persons. To circumvent controls employed by U.S. companies to prevent the hiring of illicit overseas IT workers, the North Korean IT workers obtain assistance from U.S.-based collaborators.

    Chapman helped North Korean IT workers obtain jobs at 309 U.S. companies, including Fortune 500 corporations. The impacted companies included a top-five major television network, a Silicon Valley technology company, an aerospace manufacturer, an American car maker, a luxury retail store, and a U.S media and entertainment company. Some of the companies were targeted by the IT workers, who maintained a repository of postings for companies that they wanted to employ them. The IT workers also attempted to obtain employment at two different U.S. government agencies, although these efforts were generally unsuccessful.

    Chapman operated a “laptop farm” where she received and hosted computers from the U.S. companies at her home, deceiving the companies into believing that the work was being performed in the United States. Chapman also shipped 49 laptops and other devices supplied by U.S. companies to locations overseas, including multiple shipments to a city in China on the border with North Korea. More than 90 laptops were seized from Chapman’s home following the execution of a search warrant in October 2023.

    Christina Chapman organized and stored U.S. company laptops in her home, and included notes identifying the U.S. company and identity associated with each laptop.

    Much of the millions of dollars in income generated by the scheme was falsely reported to the IRS and Social Security Administration in the names of actual U.S. individuals whose identities had been stolen or borrowed. Additionally, Chapman received and forged payroll checks in the names of the stolen identities used by the IT workers and received IT workers’ wages through direct deposit from U.S. companies into her U.S. financial accounts. Chapman further transferred the proceeds from the scheme to individuals overseas.

    This case was investigated by the FBI Phoenix Field Office, and the IRS-CI Phoenix Field Office. Assistance was provided by the FBI Chicago Field Office.

    Trial Attorney Ashley R. Pungello of the Criminal Division’s Computer Crime and Intellectual Property Section and Assistant U.S. Attorney Karen P. Seifert for the District of Columbia prosecuted the case, with assistance from Paralegal Specialist Jorge Casillas. Assistant U.S. Attorney Joshua Rothstein for the District of Columbia, the Victim Witness Unit, the U.S. Attorney’s Office for the District of Arizona, and the National Security Division’s National Security Cyber Section also provided assistance.

    ***

    In a coordinated effort, FBI Phoenix also issued guidance for HR professionals on detecting North Korean IT workers, and the Department of State issued guidance on the North Korean IT worker threat.

    Prior guidance was issued by the FBI, State Department, and the Department of the Treasury on this threat in a May 2022 advisory, and by the United States and the Republic of Korea (South Korea) in October 2023. The FBI issued updated guidance in May 2024 regarding the use of U.S. persons acting as facilitators by providing a U.S.-based location for U.S. companies to send devices and a U.S.-based internet connection for access to U.S. company networks and in January 2025 concerning the extortion and theft of sensitive company data by North Korean IT workers, along with recommended mitigations.

    MIL Security OSI

  • MIL-OSI: ACM Research Announces Major Upgrades to Its Ultra C wb Wet Bench Cleaning Tool for Advanced Chip Manufacturing

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., July 24, 2025 (GLOBE NEWSWIRE) — ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer and panel processing solutions for semiconductor and advanced packaging applications, today announced major upgrades to its Ultra C wb cleaning tool. These new enhancements are designed to meet the demanding technical requirements of advanced-node manufacturing processes.

    The upgraded Ultra C wb features a patent-pending nitrogen (N2) bubbling technology to solve poor wet etching uniformity and by-product regrowth. These issues frequently appear in conventional wet bench processes of phosphoric acid in high aspect ratio trenches and via structures in advanced-node processes. ACM’s patent-pending N2 bubbling technique enhances the transport efficiency of phosphoric acid and promotes the uniformity of temperature, concentration and flow velocity in wet etching bath. The improved mass transfer efficiency of the wet etching process avoids by-product accumulation in wafer micro-structures to prevent regrowth. This technology holds significant application potential in the wet etching process for manufacturing 3D DRAM, 3D logic and 500+ layer 3D NAND devices​​.

    “With performance a top priority, ACM has enhanced its Ultra C wb tool to deliver improved results by integrating the N2 bubbling technique,” said ACM’s President and Chief Executive Officer, Dr. David Wang. “Batch processing remains a vital component of the wet processing market, offering advantages such as cost-effectiveness, increased efficiency, and lower chemical consumption compared to single-wafer wet cleaning.”

    New Features and Benefits of the Upgraded Ultra C wb Tool:

    • Enhanced Etching Uniformity: Compared to conventional batch processes for wet cleaning, the Ultra C wb platform is equipped with the N2 bubbling technique, improving within-wafer and wafer-to-wafer wet etching uniformity by more than 50%.
    • Enhanced Particle Removal Performance: The Ultra C wb platform’s advanced cleaning capabilities have been proven in organic residue removal of special phosphoric acid additives in advanced-node processes.
    • Expanded Process Capabilities: The upgraded bench module is qualified for three layers of advanced-node processes, including: stack silicon nitride removal, channel hole polysilicon etch back and gate line tungsten recess. It is compatible with a variety of chemical solutions, such as phosphoric acid, H4 etchant (a mixed acid solution typically used for metal film etching), tetramethylammonium hydroxide (TMAH), standard clean 1 (SC1) and silicon-germanium (SiGe) etching solution, etc. Additional layers and applications are currently in development at the customer site.
    • Proprietary Design: The nitrogen bubbling technology designs in the patent application generate large-size bubbles with good uniformity, while the bubble density can be precisely controlled. The N₂ bubbling core technology can be applied to ACM’s Ultra C Tahoe (single-wafer and bench combined cleaning tool) platform, effectively addressing customers’ future process requirements.

    Forward-Looking Statements

    Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

    About ACM Research, Inc.

    ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.

    © ACM Research, Inc. ULTRA C and the ACM Research logo are trademarks of ACM Research, Inc. For convenience, these trademarks appear in this press release without ™ symbols, but that practice does not mean ACM will not assert, to the fullest extent under applicable law, its rights to such trademarks. All other trademarks are the property of their respective owners.

       
    Media Contact: Company Contacts:
    Alyssa Lundeen USA
    Kiterocket Robert Metter
    +1 218.398.0776 +1 503.367.9753
    alundeen@kiterocket.com  
      China
      Xi Wang
      ACM Research (Shanghai), Inc.
      +86 21 50808868
       
      Korea
      ACM Research (Korea), Inc.
      +82 70-41006699
       
      Taiwan
      David Chang
      +886 921999884
       
      Singapore
      Adrian Ong
      +65 8813-1107
       

    The MIL Network

  • MIL-OSI Europe: Written question – Strategic autonomy and EU support for the New Caledonian nickel sector – E-002999/2025

    Source: European Parliament

    Question for written answer  E-002999/2025
    to the Commission
    Rule 144
    André Rougé (PfE)

    Nickel is vital for the strategic and industrial autonomy of Europe, which is dependent on production from China and Indonesia (in partnership with China) for 80 % of its nickel. That figure rises to 90 % for refined nickel.

    With Greek and Cypriot production shutting down and Finnish mineral reserves only meeting a small proportion of our countries’ needs, the New Caledonian nickel deposit is the main, if not the only, one in the world that is under EU sovereignty. In fact, the overseas territory is home to 25 % of the world’s lateritic nickel reserves.

    At a time when the EU is aiming to secure its supply chain with the Critical Raw Materials Act, New Caledonia is the only territory in a position to ensure that the EU stands a chance of producing 30 to 40 % of net-zero technologies.

    • 1.In light of this, what action does the Commission intend to take to restore the competitiveness of French nickel from New Caledonia?
    • 2.What trade measures does the Commission intend to adopt to counter the influx of Indonesian nickel – produced without complying with environmental, social and governance standards – and to prevent the objectives established in the Critical Raw Materials Act from becoming more and more difficult to achieve?

    Submitted: 18.7.2025

    Last updated: 24 July 2025

    MIL OSI Europe News

  • MIL-OSI USA: BREAKING: Rep. Miller Joins Senator Hawley in Effort to Ban Chinese Ownership of American Land

    Source: United States House of Representatives – Congresswoman Mary Miller (IL-15)

    FOR IMMEDIATE RELEASE

    WASHINGTON, D.C. — Congresswoman Mary Miller (IL-15) introduced the House companion to Senator Josh Hawley’s (R-MO) Protecting Our Farms and Homes from China Act. This legislation would ban Chinese corporations and individuals affiliated with the Chinese Communist Party (CCP) from purchasing American agricultural land and residential property.

    This effort comes in direct response to growing concerns over the CCP’s aggressive campaign to acquire U.S. farmland and real estate. According to the United States Department of Agriculture, Chinese entities own around 265,000 acres of agricultural land across the country.

    “Prized American land is not for sale to our enemies,” said Congresswoman Mary Miller. “The Chinese Communist Party is the greatest threat to our national security, and their aggressive push to buy up our farmland and homes is a direct attack on our sovereignty. It’s long past time we take back control and put America’s food supply and communities back in American hands — where they belong.”

    The legislation aligns with President Trump’s recently announced National Farm Security Action Plan, a bold initiative led by the U.S. Secretary of Agriculture Brooke L. Rollins alongside U.S. Secretary of Defense Pete Hegseth, U.S. Attorney General Pam Bondi, and U.S. Secretary of Homeland Security Kristi Noem to safeguard American agriculture and prevent foreign adversaries from exploiting American land and resources.

    The Protecting Our Farms and Homes from China Act would:

    • Prohibit Chinese corporations and individuals affiliated with the CCP from acquiring or leasing United States’ agricultural land;
    • Prohibit Chinese corporations and individuals associated with the CCP from purchasing residential real estate in the United States for a period of at least two years, with an option for the President to renew the prohibition biennially;
    • Require Chinese corporations and individuals affiliated with the CCP to divest ownership of United States’ agricultural land and residential real estate within one year.
    • Establish civil fines and criminal penalties for noncompliance, including forfeiture.

    Read more about the bill on Fox News.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: EDB co-organises 11th Annual International Mathematical Modeling Challenge International Summit cum Award Ceremony with educational organisations and various local universities (with photos)

    Source: Hong Kong Government special administrative region – 4

    The Education Bureau (EDB) today (July 24), together with the NeoUnion ESC Organization, the Consortium for Mathematics and Its Applications, the Hong Kong University of Science and Technology, the Chinese University of Hong Kong and the University of Hong Kong, co-organised the 11th Annual International Mathematical Modeling Challenge (IMMC) International Summit cum Award Ceremony, in which global experts were invited to share their insights on various topics to promote local and international exchanges in mathematics education. The Secretary for Education, Dr Choi Yuk-lin, officiated at the ceremony and presented awards to the winning students.

    Speaking at the ceremony, Dr Choi said that in the era of artificial intelligence, it is important for students to develop the ability to model complex real-world phenomena and the capacity to extract insights from vast datasets. The EDB has hence strengthened the promotion of mathematical modelling in schools, putting emphasis on real-world application of mathematics and encouraging the effective use of digital technologies in learning and teaching. 

    To align with the national strategy of invigorating the country through science and education, and the international trend of nurturing future technological talents, the EDB has been stepping up the promotion of STEAM (science, technology, engineering, arts and mathematics) education with a range of initiatives including arranging for teachers to attend training programmes that enhance their professional competence and for students to participate in competitions to broaden their horizons. The EDB will further promote the use of AI, coding and other digital tools in modelling, with a view to integrating mathematical modelling into the learning and teaching of mathematics in primary and secondary schools in Hong Kong.

    The IMMC is an international mathematical modelling competition for secondary students worldwide, aiming at encouraging participants to apply mathematical modelling to explore and solve major problems in the real world, thereby popularising mathematical modelling education and enhancing the mathematical literacy and technological innovation capabilities of secondary students. The IMMC serves as an important platform for students to practise mathematical modelling and exchange their achievements. 

    Hong Kong students performed well in the IMMC 2025 in Greater China Region. Sixteen students from Diocesan Girls’ School, Pui Kiu College, St. Paul’s Co-educational College and Wah Yan College, Kowloon obtained an Outstanding Award for IMMC 2025 of Greater China.

    At the International Summit, international experts in mathematical modelling education shared their views on topics including challenges in mathematical modelling education, development of mathematical modelling in Hong Kong, applications of mathematical modelling, and the role of teachers in mathematical modelling education. The summit also featured experience sharing by award-winning students, with a view to promoting international exchanges in mathematical modelling education and further strengthening students’ ability in applying mathematics.

    Other guests included the President of the International Commission on Mathematical Instruction and Emeritus Professor of the University of Hong Kong, Professor Frederick Leung; Chair Professor of the Department of Mathematics and Department of Industrial Engineering and Decision Analytics of the Hong Kong University of Science and Technology Professor Wang Yang; and the Head of the Department of Industrial Engineering and Decision Analytics of the Hong Kong University of Science and Technology, Professor Zhang Jiheng. Teachers and students from Hong Kong and over 30 countries and regions also participated in the International Summit cum Award Ceremony.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: MOFA response to UK-France leaders’ declaration reaffirming commitment to Taiwan Strait peace and stability

    Source: Republic of China Taiwan

    MOFA response to UK-France leaders’ declaration reaffirming commitment to Taiwan Strait peace and stability

    July 11, 2025Prime Minister Keir Starmer of the United Kingdom and President Emmanuel Macron of France met in London on July 10 for the 37th UK-France summit. In a declaration issued after their meeting, the two leaders said that European security was inextricably linked to the Indo-Pacific and that they would strengthen their coordination and work together for a free, open, and sovereign Indo-Pacific. They also jointly reaffirmed their commitment to peace and stability in the Korean Peninsula, in the South and East China Seas, and in the Taiwan Strait, calling for the peaceful resolution of cross-strait issues. Minister of Foreign Affairs Lin Chia-lung sincerely welcomes and appreciates this declaration.The fact that the leaders of the United Kingdom and France once again expressed their commitment to cross-strait peace and stability following a similar statement released after the G7 leaders’ summit in June demonstrates that maintaining Taiwan Strait peace and stability has become a matter of international consensus. As a responsible and democratic member of the international community, Taiwan will continue to work with democratic partners around the world to contribute to the freedom, openness, and prosperity of the Indo-Pacific region and jointly defend the rules-based international order.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: MOFA response to Japanese Foreign Minister Iwaya reiterating importance of cross-strait peace and stability during bilateral meeting with China’s Foreign Minister Wang

    Source: Republic of China Taiwan

    MOFA response to Japanese Foreign Minister Iwaya reiterating importance of cross-strait peace and stability during bilateral meeting with China’s Foreign Minister Wang

    July 11, 2025 

    Japanese Foreign Minister Takeshi Iwaya on July 10 met with Chinese Foreign Minister Wang Yi on the sidelines of the ASEAN foreign ministers’ meeting in Malaysia. Foreign Minister Iwaya stressed that cross-strait peace and stability were important to Japan and the international community. China’s large-scale military drills around Taiwan were incompatible with these goals, he said. He also reiterated opposition to any attempt to unilaterally change the status quo by force or coercion and stressed Japan’s serious concern over China’s expansion of naval and air activities near Japan and in the East China Sea, as these had contributed to a deteriorating regional situation.
     
    China has repeatedly resorted to various pretexts to increase its threats and military intimidation of Taiwan, which has posed a serious challenge to security across the Taiwan Strait and in the region. This has elicited a great deal of international concern. In recent years, Japan has directly expressed its high level of concern over cross-strait and regional security during bilateral meetings with China. It has done so at the Japan-China summit meeting held alongside the ASEAN summit in Laos in October 2024, the Japan-China summit meeting held during the APEC summit in November 2024, as well as at the Japan-China foreign ministers’ meeting this March in Tokyo. This shows that Japan, in accordance with its staunch support for cross-strait peace and stability, has consistently conveyed its position to China. 
     
    The Ministry of Foreign Affairs expresses welcome at the international community’s continued use of concrete actions to uphold cross-strait security. Taiwan will continue to strengthen its self-defense capabilities and cooperate closely with like-minded countries to uphold international democracy, peace, and prosperity.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: MOFA response to statements in French government’s updated Indo-Pacific strategy concerning Taiwan and cross-strait security

    Source: Republic of China Taiwan

    MOFA response to statements in French government’s updated Indo-Pacific strategy concerning Taiwan and cross-strait security

    July 20, 2025On July 18, the French government released its newest Indo-Pacific strategy report (La stratégie indopacifique de la France), which pointed out that China’s growing assertiveness in the Taiwan Strait and the South China Sea was undermining security in the Indo-Pacific region. The report warned that a high-intensity conflict in the Taiwan Strait would have major repercussions, such as on the global economy, and would run the risk of expanding to other areas. In addition, it reaffirmed the French government’s commitment to preserving cross-strait peace and stability, as well as its opposition to any unilateral attempts to change the status quo by force, threat, or coercion, and called for the peaceful resolution of cross-strait disputes.While the 2022 version of the report noted France’s concerns over tensions across the Taiwan Strait, this year’s version added France’s high regard for cross-strait peace and stability and opposition to unilateral changes to the status quo. Minister of Foreign Affairs Lin Chia-lung deeply appreciates and welcomes the statements in the new report.The joint declaration following the UK-France summit on July 10, France’s the National Strategic Review 2025 of July 14, and the updated Indo-Pacific strategy all express concern over and support for cross-strait peace and stability, demonstrating that the issue has become a matter of international consensus and interest. Upholding the spirit of integrated diplomacy, Taiwan will continue to strengthen collaboration with France and other democratic partners to jointly defend freedom and democracy and safeguard peace and stability in the Indo-Pacific.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: MOFA response to US House Africa Subcommittee Chairman Smith expressing concern over South Africa’s recent announcement regarding Taiwan’s liaison offices

    Source: Republic of China Taiwan

    MOFA response to US House Africa Subcommittee Chairman Smith expressing concern over South Africa’s recent announcement regarding Taiwan’s liaison offices

    July 23, 2025  

    The US House of Representatives Foreign Affairs Committee held a markup session on July 22 in which the US-South Africa Bilateral Relations Review Act of 2025 was discussed. Chris Smith (R-NJ), Chairman of the Subcommittee on Africa, noted in his statement of facts that South Africa’s Department of International Relations and Cooperation (DIRCO) had issued a statement on July 21 retroactively changing the name of the Taipei Liaison Office in the Republic of South Africa, which had been established by a formal agreement between Taiwan and South Africa in 1997. He said that the US Congress was closely following the issue and that any unilateral attempt to violate the bilateral agreement or change the status quo would be unacceptable. 
     
    He added that the Chinese Communist Party’s human rights record and efforts to suppress Taiwan in South Africa were worrying and affected South Africa’s image as a reliable international partner. Chairman Smith commended the Democratic Alliance in South Africa’s government of national unity for defending democratic Taiwan and resisting pro-CCP actors in the government. He called on South Africa to reject pressure from the CCP and return to the legally binding status quo.
     
    Minister of Foreign Affairs Lin Chia-lung sincerely welcomes Chairman Smith’s statements and thanks him for speaking up for Taiwan. Minister Lin once again solemnly urges the South African government to uphold the spirit of the agreement, abide by the 1997 legal framework concerning bilateral relations between Taiwan and South Africa, and promptly engage in dialogue with Taiwan based on the principles of parity and dignity. He reiterates that South Africa should not unilaterally change the name or status of Taiwan’s liaison offices or employ any other coercive measures against them before both sides have reached a consensus through consultations.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: President Lai meets Somaliland Foreign Minister Abdirahman Dahir Adam  

    Source: Republic of China Taiwan

    Details
    2025-07-22
    President Lai meets cross-party Irish Oireachtas delegation
    On the morning of July 22, President Lai Ching-te met with a cross-party delegation from the Oireachtas (parliament) of Ireland. In remarks, President Lai stated that Taiwan and Ireland are both guardians of the values of freedom and democracy. He indicated that Taiwan will continue to take action and show the world that it is a trustworthy democratic partner that can contribute to the international community, saying that we look forward to building an even closer partnership with Ireland as we work together for the well-being of our peoples and for global democracy, peace, and prosperity. A translation of President Lai’s remarks follows: Deputy Speaker John McGuinness is a dear friend of Taiwan who also chairs the Ireland-Taiwan Parliamentary Friendship Association. Thanks to his efforts over the years, support for Taiwan has grown stronger in the Oireachtas. I thank him and all of our guests for traveling such a long way to demonstrate support for Taiwan and open more doors for exchanges and cooperation. Europe is Taiwan’s third largest trading partner and largest source of foreign investment. Ireland is a European stronghold for technology and innovative industries. Just like Taiwan, Ireland is an export-oriented economy. Our industrial structures are highly complementary. We hope that Taiwan’s electronics manufacturing and machinery industries can explore deeper cooperation with Ireland’s ICT software and biopharmaceutical fields, creating win-win outcomes. In May, the Irish government launched its National Semiconductor Strategy, outlining a vision to become a global semiconductor hub. Taiwan is home to the world’s most critical semiconductor ecosystem, and our own industrial development closely parallels that of Ireland. Moreover, we aspire to build non-red technological supply chains with democratic partners. I believe that going forward, Taiwan and Ireland can bolster collaboration so as to upgrade the competitiveness of our respective semiconductor industries. Together, we can help build a values-based economic system for democracies. I was delighted to receive congratulations from Deputy Speaker McGuinness on my election. Taiwan and Ireland are both guardians of the values of freedom and democracy. This visit from our guests further attests to our common beliefs. As authoritarianism continues to expand, Taiwan will continue to take action and show the world that it is a trustworthy democratic partner that can contribute to the international community. We look forward to building an even closer partnership with Ireland as we work together for the well-being of our peoples and for global democracy, peace, and prosperity. Deputy Speaker McGuinness then delivered remarks, stating that he has been to Taiwan on many occasions and that it is a great honor to join President Lai and his staff at the Presidential Office. He said that Ireland has continued to build its strong relationship with Taiwan based on our democratic values and the interests that we have in trade throughout the world, strengthening this relationship based on culture, education, and more. Noting that he served with many other diplomats from Taiwan, he said all had the same goal, which was to further the interests of the Ireland-Taiwan friendship and to ensure that it grows and prospers. The deputy speaker then extended to President Lai the delegation’s best wishes for his term in office, stating that they commit to the same values as the previous friendship groups that have been visiting Taiwan. He went on to say that some members of the group are newly elected, representing the next generation of the association, and that they are committed to working together with Taiwan to stand strong in the defense of democracy. Deputy Speaker McGuinness also noted that the father of Deputy Ken O’Flynn, one of the delegation members, played an important role as a former chairman of the association, remarking that it is good to see such continuity taking place. Deputy Speaker McGuiness said that he believes the world is facing huge challenges and uncertainty in terms of our markets and trade with one another. He said we have to watch for what the United States will do next and be conscious of what China is doing, emphasizing that the European Union stands strong in the center of this, while Ireland plays a huge role in the context of democracy, trade, and the betterment of all things for the citizens that they represent. The deputy speaker then stated that while we focus on the development of AI that is extremely important for all of us, we can work together to ensure that we control AI rather than AI controlling us. He also remarked that we cannot lose sight of our traditional trading means, saying that we have to keep all of our trade together, expand on that trade, and then take on the new technologies that come before us. Deputy Speaker McGuinness concluded his remarks by thanking President Lai for receiving the delegation, stating that they commit to their continuation of support for Taiwan and for democracy. Also in attendance were Deputies Malcolm Byrne and Barry Ward, and Senator Teresa Costello.

    Details
    2025-07-22
    President Lai meets official delegation from European Parliament’s Special Committee on the European Democracy Shield
    On the morning of July 22, President Lai Ching-te met with an official delegation from the European Parliament’s Special Committee on the European Democracy Shield (EUDS). In remarks, President Lai thanked the committee for choosing to visit Taiwan for its first trip to Asia, demonstrating the close ties between Taiwan and Europe. President Lai emphasized that Taiwan, standing at the very frontline of the democratic world, is determined to protect democracy, peace, and prosperity worldwide. He expressed hope that we can share our experiences with Europe to foster even more resilient societies. A translation of President Lai’s remarks follows: Firstly, on behalf of the people of Taiwan, I extend a warm welcome to your delegation, which marks another official visit from the European Parliament. The Special Committee on the EUDS aims to strengthen societal resilience and counter disinformation and hybrid threats. Having been constituted at the beginning of this year, the committee has chosen to visit Taiwan for its first trip to Asia, demonstrating the close ties between Taiwan and Europe and the unlimited possibilities for deepening cooperation on issues of concern. I am also delighted to see many old friends of Taiwan gathered here today. I deeply appreciate your longstanding support for Taiwan. Taiwan and the European Union enjoy close trade and economic relations and share the values of freedom and democracy. However, in recent years, we have both been subjected to information manipulation and infiltration by foreign forces that seek to interfere in democratic elections, foment division in our societies, and shake people’s faith in democracy. Taiwan not only faces an onslaught of disinformation, but also is the target of gray-zone aggression. That is why, after taking office, I established the Whole-of-Society Defense Resilience Committee at the Presidential Office, with myself as convener. The committee is a platform that integrates domestic affairs, national defense, foreign affairs, cybersecurity, and civil resources. It aims to strengthen the capability of Taiwan’s society to defend itself against new forms of threat, pinpoint external and internal vulnerabilities, and bolster overall resilience and security. The efforts that democracies make are not for opposing anyone else; they are for safeguarding the way of life that we cherish – just as Europe has endeavored to promote diversity and human rights. The Taiwanese people firmly believe that when our society is united and people trust one another, we will be able to withstand any form of authoritarian aggression. Taiwan stands at the very frontline of the democratic world. We are determined to protect democracy, peace, and prosperity worldwide. We also hope to share our experiences with Europe and deepen cooperation in such fields as cybersecurity, media literacy, and societal resilience. Thank you once again for visiting Taiwan. Your presence further strengthens the foundations of Taiwan-Europe relations. Let us continue to work together to uphold freedom and democracy and foster even more resilient societies. EUDS Special Committee Chair Nathalie Loiseau then delivered remarks, saying that the delegation has members from different countries, including France, Germany, the Czech Republic, Poland, and Belgium, and different political parties, but that they have in common their desire for stronger relations between the EU and Taiwan. Committee Chair Loiseau stated that the EU and Taiwan, having many things in common, should work more together. She noted that we have strong trade relations, strong investments on both sides, and strong cultural relations, while we are also facing very similar challenges and threats. She said that we are democracies living in a world where autocracies want to weaken and divide democracies. She added that we also face external information manipulation, cyberattacks, sabotage, attempts to capture elites, and every single gray-zone activity that aims to divide and weaken us. Committee Chair Loiseau pointed out another commonality, that we have never threatened our neighbors. She said that we want to live in peace and we care about our people; we want to defend ourselves, not to attack others. We are not being threatened because of what we do, she emphasized, but because of what we are; and thus there is no reason for not working more together to face these threats and attacks. Committee Chair Loiseau said that Taiwan has valuable experience and good practices in the area of societal resilience, and that they are interested in learning more about Taiwan’s whole-of-society approach. They in Europe are facing interference, she said, mainly from Russia, and they know that Russia inspires others. She added that they in the EU also have experience regulating social media in a way which combines freedom of expression and responsibility. In closing, the chair said that they are happy to have the opportunity to exchange views with President Lai and that the European Parliament will continue to strongly support relations between the EU and Taiwan. The delegation also included Members of the European Parliament Engin Eroglu, Tomáš Zdechovský, Michał Wawrykiewicz, Kathleen Van Brempt, and Markéta Gregorová.

    Details
    2025-07-17
    President Lai meets President of Guatemalan Congress Nery Abilio Ramos y Ramos  
    On the morning of July 17, President Lai Ching-te met with a delegation led by Nery Abilio Ramos y Ramos, the president of the Congress of the Republic of Guatemala. In remarks, President Lai thanked Congress President Ramos and the Guatemalan Congress for their support for Taiwan, and noted that official diplomatic relations between Taiwan and Guatemala go back more than 90 years. As important partners in the global democratic community, the president said, the two nations will continue moving forward together in joint defense of the values of democracy and freedom, and will cooperate to promote regional and global prosperity and development. A translation of President Lai’s remarks follows:  I recall that when Congress President Ramos visited Taiwan in July last year, he put forward many ideas about how our countries could promote bilateral cooperation and exchanges. Now, a year later, he is leading another cross-party delegation from the Guatemalan Congress on a visit, demonstrating support for Taiwan and continuing to help deepen our diplomatic ties. In addition to extending a sincere welcome to the distinguished delegation members who have traveled so far to be here, I would also like to express our concern and condolences for everyone in Guatemala affected by the earthquake that struck earlier this month. We hope that the recovery effort is going smoothly. Official diplomatic relations between Taiwan and Guatemala go back more than 90 years. In such fields as healthcare, agriculture, education, and women’s empowerment, we have continually strengthened our cooperation to benefit our peoples. Just last month, Guatemala’s President Bernardo Arévalo and the First Lady led a delegation on a state visit to Taiwan. President Arévalo and I signed a letter of intent for semiconductor cooperation, and also witnessed the signing of cooperation documents to establish a political consultation mechanism and continue to promote bilateral investment. This has laid an even sounder foundation for bilateral exchanges and cooperation, and will help enhance both countries’ international competitiveness. Taiwan is currently running a semiconductor vocational training program, helping Guatemala cultivate semiconductor talent and develop its tech industry, and demonstrating our determination to share experience with democratic partners. At the same time, we continue to assist Taiwanese businesses in their efforts to develop overseas markets with Guatemala as an important base, spurring industrial development in both countries and increasing economic and trade benefits. I want to thank Congress President Ramos and the Guatemalan Congress for their continued support for Taiwan’s international participation. Representing the Guatemalan Congress, Congress President Ramos has signed resolutions in support of Taiwan, and has also issued statements addressing China’s misinterpretation of United Nations General Assembly Resolution 2758. Taiwan and Guatemala, as important partners in the global democratic community, will continue moving forward together in joint defense of the values of democracy and freedom, and will cooperate to promote regional and global prosperity and development. Congress President Ramos then delivered remarks, first noting that the members of the delegation are not only from different parties, but also represent different classes, cultures, professions, and departments, which shows that the diplomatic ties between Guatemala and the Republic of China (Taiwan) are based on firm friendships at all levels and in all fields. Noting that this was his second time to visit Taiwan and meet with President Lai, Congress President Ramos thanked the government of Taiwan for its warm hospitality. With the international situation growing more complex by the day, he said, Guatemala highly values its longstanding friendship and cooperative ties with Taiwan, and hopes that both sides can continue to deepen their cooperation in such areas as the economy, technology, education, agriculture, and culture, and work together to spur sustainable development in each of our countries. Congress President Ramos said that the way the Taiwan government looks after the well-being of its people is an excellent model for how other countries should promote national development and social well-being. Accordingly, he said, the Guatemalan Congress has stood for justice and, for a second time, adopted a resolution backing Taiwan’s participation in the World Health Assembly. Regarding President Arévalo’s state visit to Taiwan the previous month, Congress President Ramos commented that this high-level interaction has undoubtedly strengthened the diplomatic ties between Taiwan and Guatemala and led to more opportunities for cooperation. Congress President Ramos emphasized that democracy, freedom, and human rights are universal values that bind Taiwan and Guatemala together, and that he is confident the two countries’ diplomatic ties will continue to grow deeper. In closing, on behalf of the Republic of Guatemala, Congress President Ramos presented President Lai with a Chinese translation of the resolution that the Guatemalan Congress proposed to the UN in support of Taiwan’s participation in international organizations, demonstrating the staunch bonds of friendship between the two countries. The delegation was accompanied to the Presidential Office by Guatemala Ambassador Luis Raúl Estévez López.  

    Details
    2025-07-08
    President Lai meets delegation led by Foreign Minister Jean-Victor Harvel Jean-Baptiste of Republic of Haiti
    On the morning of July 8, President Lai Ching-te met with a delegation led by Minister of Foreign Affairs Jean-Victor Harvel Jean-Baptiste of the Republic of Haiti and his wife. In remarks, President Lai noted that our two countries will soon mark the 70th anniversary of diplomatic relations and that our exchanges have been fruitful in important areas such as public security, educational cooperation, and infrastructure. The president stated that Taiwan will continue to work together with Haiti to promote the development of medical and health care, food security, and construction that benefits people’s livelihoods. The president thanked Haiti for supporting Taiwan’s international participation and expressed hope that both countries will continue to support each other, deepen cooperation, and face various challenges together. A translation of President Lai’s remarks follows: I am delighted to meet and exchange ideas with Minister Jean-Baptiste, his wife, and our distinguished guests. Minister Jean-Baptiste is the highest-ranking official from Haiti to visit Taiwan since former President Jovenel Moïse visited in 2018, demonstrating the importance that the Haitian government attaches to our bilateral diplomatic ties. On behalf of the Republic of China (Taiwan), I extend a sincere welcome. Next year marks the 70th anniversary of the establishment of diplomatic ties between our two countries. Our bilateral exchanges have been fruitful in important areas such as public security, educational cooperation, and infrastructure. Over the past few years, Haiti has faced challenges in such areas as food supply and healthcare. Taiwan will continue to work together with Haiti through various cooperative programs to promote the development of medical and health care, food security, and construction that benefits people’s livelihoods. I want to thank the government of Haiti and Minister Jean-Baptiste for speaking out in support of Taiwan on the international stage for many years. Minister Jean-Baptiste’s personal letter to the World Health Organization Secretariat in May this year and Minister of Public Health and Population Bertrand Sinal’s public statement during the World Health Assembly both affirmed Taiwan’s efforts and contributions to global public health and supported Taiwan’s international participation, for which we are very grateful. I hope that Taiwan and Haiti will continue to support each other and deepen cooperation. I believe that Minister Jean-Baptiste’s visit will open up more opportunities for cooperation for both countries, helping Taiwan and Haiti face various challenges together. In closing, I once again offer a sincere welcome to the delegation led by Minister Jean-Baptiste, and ask him to convey greetings from Taiwan to Prime Minister Alix Didier Fils-Aimé and the members of the Transitional Presidential Council. Minister Jean-Baptiste then delivered remarks, saying that he is extremely honored to visit Taiwan and reaffirm the solid and friendly cooperative relationship based on mutual respect between the Republic of Haiti and the Republic of China (Taiwan), which will soon mark its 70th anniversary. He also brought greetings to President Lai from Haiti’s Transitional Presidential Council and Prime Minister Fils-Aimé. Minister Jean-Baptiste emphasized that over the past few decades, despite the great geographical distance and developmental and cultural differences between our two countries, we have nevertheless established a firm friendship and demonstrated to the world the progress resulting from the mutual assistance and cooperation between our peoples. Minister Jean-Baptiste pointed out that our two countries cooperate closely in agriculture, health, education, and community development and have achieved concrete results. Taiwan’s voice, he said, is thus essential for the people of Haiti. He noted that Taiwan also plays an important role in peace and innovation and actively participates in global cooperative efforts. Pointing out that the world is currently facing significant challenges and that Haiti is experiencing its most difficult period in history, Minister Jean-Baptiste said that at this time, Taiwan and Haiti need to unite, help each other, and jointly think about how to move forward and deepen bilateral relations to benefit the peoples of both countries. Minister Jean-Baptiste said that he is pleased that throughout our solid and friendly diplomatic relationship, both countries have demonstrated mutual trust, mutual respect, and the values we jointly defend. He then stated his belief that Haiti and Taiwan will together create a cooperation model and future that are sincere, friendly, and sustainable. The delegation was accompanied to the Presidential Office by Chargé d’Affaires a.i. Francilien Victorin of the Embassy of the Republic of Haiti in Taiwan.

    Details
    2025-07-01
    President Lai meets delegation from 2025 Taiwan International Ocean Forum
    On the afternoon of July 1, President Lai Ching-te met with a delegation from the 2025 Taiwan International Ocean Forum (TIOF). In remarks, President Lai noted that the people of Taiwan will continue to work with democratic partners throughout the world in a maritime spirit of freedom and openness to contribute to ocean governance and jointly ensure maritime security. He expressed hope that their visit will help forge stronger friendships between Taiwan and international maritime partners, so that all can work together to spur shared maritime prosperity and sustainable development for the next generation. A translation of President Lai’s remarks follows: I want to thank our guests for coming here to the Presidential Office. The 2025 TIOF will take place tomorrow and the day after, and I thank you all for making the long trip to Taiwan to attend the event and share your valuable insights and experiences. This year’s forum will focus on strategies for strengthening maritime security and pathways to achieving a sustainable blue economy. By attending this forum, our guests are highlighting their commitment to safeguarding the oceans, and beyond that, taking concrete action to demonstrate support for Taiwan. I once again offer deepest gratitude on behalf of the people of Taiwan. Taiwan holds a key position on the first island chain, is one of the world’s top 10 shipping nations, and accounts for close to 10 percent of global container shipping by volume. As such, Taiwan occupies a unique and important position in maritime strategy. For Taiwan, the ocean is more than just a basis for survival and development; it is also an important driver of national prosperity. In my inaugural address last year, I spoke of a threefold approach to further Taiwan’s development. One of these involves further developing our strengths as a maritime nation. Our government must actively help deepen our connections with the ocean, and must continue to promote green shipping, a sustainable fishing industry, marine renewable energy, and other forms of industrial transformation. It must also make use of marine technology and digital innovation to create a new paradigm that balances environmental, economic, and social inclusion concerns. This will help enhance Taiwan’s responsibilities and competitiveness as a maritime nation. Taiwan is surrounded by ocean, and our territorial waters are a natural protective barrier. However, continued gray-zone aggression from China creates serious threats and challenges to peace and stability in the Taiwan Strait. Our government continues to invest resources to deal with increasingly complex maritime security issues. In addition to building coast guard patrol vessels, we must also step up efforts to build underwater, surface, and airborne unmanned vehicles and smart reconnaissance equipment, so as to demonstrate Taiwan’s determination to defend democracy and freedom and commitment to maintaining peace and stability in the Taiwan Strait. Oceans are Taiwan’s roots, and provide the channels by which we engage with the world. The people of Taiwan will continue to work with democratic partners throughout the world in a maritime spirit of freedom and openness to contribute to ocean governance and jointly ensure maritime security. The TIOF was first launched in 2020, and has now become an important platform for enhancement of cooperation between Taiwan and other countries. I hope that our distinguished guests will reap great benefits at this year’s forum, and further hope that this visit will help forge stronger friendships between Taiwan and international maritime partners, so that all can work together to spur shared maritime prosperity and sustainable development for the next generation. Chairman of The Washington Times Thomas McDevitt, a member of the delegation, then delivered remarks, noting first that July 4th, this Friday, is Independence Day in America. Independence is a sacred, powerful word which has great meaning in this part of the world, he said. Chairman McDevitt indicated that Taiwan has truly become a global beacon of democracy and a key partner for many nations. He then quoted President Lai’s 2024 inaugural address: “We will work together to combat disinformation, strengthen democratic resilience, address challenges, and allow Taiwan to become the MVP of the democratic world.” Chairman McDevitt went on to say that he appreciated the president’s speech with regard to his philosophical depth, sensitivity, and both moral and political clarity. He said that he was deeply moved by the speech, but within a few days of it, China responded with military activities and many threats. The chairman then emphasized that we are in a civilization crisis. Chairman McDevitt mentioned that President Lai has begun a series of 10 lectures, and remarked that they would help the world to understand the identity and the nature of Taiwan, as well as the situation we are in in the world. On behalf of all the delegation, Chairman McDevitt thanked the president for his leadership in dealing with these issues thoughtfully. Chairman McDevitt concluded with a line from the Old Testament which states that if the people have no vision, they will perish. He said that he believes Taiwan’s president has led the people of Taiwan, and the world, with a vision of how to navigate this great civilization crisis together. The delegation also included Members of the Japanese House of Representatives Kikawada Hitoshi, Aoyama Yamato, and Genma Kentaro, and Member of Parliament of the United Kingdom Gavin Williamson.

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI China: MOFA response to French government’s National Strategic Review 2025 conveying concern over Taiwan and cross-strait security

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to French government’s National Strategic Review 2025 conveying concern over Taiwan and cross-strait security

    July 15, 2025

    On July 14, the French government released its National Strategic Review 2025, which mentioned the Taiwan Strait and Taiwan six times. The report noted that China has continued to strengthen its military capabilities, increase the intensity of military exercises around Taiwan, exert pressure on Taiwan through military force and other means, and fuel tensions and instability in the region. 

    The 2022 version of the policy document also stated that China’s military expansion had threatened the status quo across the Taiwan Strait. However, this year’s report devoted more attention to China’s threats against Taiwan. It also expressed France’s concerns regarding Taiwan and cross-strait security. Minister of Foreign Affairs Lin Chia-lung warmly welcomes and deeply appreciates the strategic review. 

    Through the report, France has once again expressed concern over cross-strait security and reiterated the importance of Taiwan. The review follows from the joint declaration issued after President Emmanuel Macron of France met with Prime Minister Keir Starmer of the United Kingdom in London on July 10 for the 37th UK-France summit. In the declaration, the two leaders reaffirmed their commitment to peace and stability in the Taiwan Strait. 

    The Ministry of Foreign Affairs emphasizes that Taiwan, as an indispensable member of the Indo-Pacific region, will continue to work with France and other democratic partners to defend freedom and democracy and staunchly uphold peace and stability across the Taiwan Strait and in the Indo-Pacific.

    MIL OSI China News