NewzIntel.com

Category: China

  • MIL-OSI China: Egypt announces 1st discovery of royal tomb in over 100 years

    Source: China State Council Information Office 3

    Egypt has identified the tomb of Pharaoh Thutmose II, the last lost royal tomb of the kings of the 18th Dynasty, in the Theban mountain region west of Luxor, the Egyptian Ministry of Tourism and Antiquities announced.

    It marks the first discovery of a royal tomb since King Tutankhamun’s tomb was unearthed in 1922, the ministry said in a statement on Tuesday.

    Egyptian Minister of Tourism and Antiquities Sherif Fathy praised the ongoing excavations by a joint Egyptian-British archaeological mission, which continue to unveil treasures of Egypt’s ancient civilization.

    The joint mission initially found the tomb’s entrance and main corridor in 2022, but experts then believed it might belong to a queen due to its proximity to the tombs of royal wives, according to Mohamed Ismail Khaled, secretary-general of Egypt’s Supreme Council of Antiquities (SCA).

    “This is one of the most important archaeological discoveries in recent years, as the artifacts uncovered are a significant addition to the history of the site and the era of King Thutmose II,” the SCA chief added.

    He noted that this was also the first time the funerary furniture belonging to Thutmose II had been found.

    MIL OSI China News –

  • MIL-OSI China: 6th ‘Happy Chinese New Year’ film festival opens in Malta

    Source: China State Council Information Office 3

    The 6th “Happy Chinese New Year” film festival opened on Tuesday evening at Malta’s National Centre for Creativity in Valletta, with the first film, One and Only, receiving prolonged applause from the audience.

    The festival, co-hosted by the China Cultural Centre in Malta and the China Film Archive, will run until March 4. Three more Chinese films, namely Pegasus 2, Creation of the Gods I: Kingdom of Storms, and Yolo, will be screened.

    “Through these films, we aim to showcase the richness of China’s historical heritage, its unique cultural characteristics, and the dynamic spirit of contemporary Chinese society,” Xue Ning, deputy director of the China Film Archive, said at the opening of the film festival.

    “The charm of cinema will further enhance emotional resonance and cultural exchange between our nations,” Xue added.

    Following the screening, David Michael Schembri, mayor of Qrendi, southern Malta, said that the enthusiastic audience reaction reflected the artistic appeal of One and Only.

    “I was really excited about the movie and I loved it very much,” said Noemi Calisto, a 25-year-old movie enthusiast, who expressed her love for Chinese culture and films. She plans to watch all the films at this festival and hopes to see more outstanding Chinese movies in Malta in the future, she told Xinhua.

    Charmaine Zammit, education officer for art at the Ministry for Education, Sport, Youth, Research and Innovation, praised One and Only as a “very beautiful” movie that deeply captured the emotions of the audience. 

    MIL OSI China News –

  • MIL-OSI China: ‘Ne Zha 2’ premieres in Macao as box office soars

    Source: China State Council Information Office 3

    Chinese mainland’s animated blockbuster “Ne Zha 2” premiered on Wednesday night in Macao and was officially scheduled to hit Macao theaters on Saturday.

    The film premiered in Hong Kong on Tuesday and garnered significant attention in both Hong Kong and Macao.

    A sequel to the 2019 hit “Ne Zha,” “Ne Zha 2” gained wide popularity thanks to its contemporary re-imagination of Ne Zha, a well-known mythical figure with extraordinary powers, and via its intriguing plot twists.

    “Seven cinemas and 42 Macao screening rooms have scheduled 60 screenings of ‘Ne Zha 2,’” said Ding Kai with the Sil-Metropole Organization Ltd., a co-distributor of the film, adding that more shows will be added in the coming days.

    Leong Wai Man, head of Macao’s Cultural Affairs Bureau, said that this film’s success will inspire Macao’s cinema industry to focus more on Chinese culture as a theme in the future, creatively incorporating cultural elements into animated films and other audiovisual works.

    With a long history, Macao’s Ne Zha beliefs were listed in 2014 as part of China’s national intangible cultural heritage.

    A Macao resident named Pang told Xinhua he was looking forward to watching the premiere with his family to see Ne Zha’s charm.

    Since its release in the Chinese mainland during the Chinese New Year, “Ne Zha 2” has proved a smashing success at the box office, with total earnings worldwide, including pre-sales, surpassing 12.3 billion Chinese yuan (1.72 billion U.S. dollars) as of Tuesday evening.

    This figure positions the film ahead of “Inside Out 2,” making it the highest-grossing animated film globally. 

    MIL OSI China News –

  • MIL-OSI China: China to expand postal and courier services in rural regions

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

    To improve the quality of life in rural areas, China has announced plans to expand the construction of comprehensive logistics stations this year. This initiative is part of a broader effort to enhance the quality of postal and courier services in rural regions, ensuring that even the most remote villages benefit from efficient and reliable delivery services, according to the State Post Bureau of China on Wednesday.

    Hou Yanbo, the spokesman for the bureau, said one of the major focuses in 2025 is on strengthening the construction of village-level logistics service stations, which will significantly improve the service quality in rural areas, such as delivering to the accurate address. He made the remarks at a news conference on Wednesday in Beijing.

    China has been focused on improving rural logistics in the past decade, and has already established 346,000 village-level comprehensive logistics service stations nationwide. These stations have significantly upgraded the quality of services provided at village-level postal sites. Xinjiang, Xizang, and Inner Mongolia autonomous regions have seen a notable increase in the volume of parcel deliveries, with growth rates significantly surpassing the national average. These areas, often characterized by challenging terrains and lower population densities, have historically faced logistical hurdles that are now being greatly improved.

    In addition to infrastructure development, the bureau is encouraging enterprises to invest more in rural areas. This includes upgrading the informatization and automation of county-level parcel processing equipment and enhancing the overall postal infrastructure in rural settings. Companies are also being urged to adhere strictly to their service commitments, ensuring that rural customers receive the same level of service as their urban counterparts, Hou said.

    The postal and courier industry in China has shown robust growth in the past 15 years. Last year, China’s parcel delivery industry shattered all previous records, handling a staggering 174.5 billion packages — equivalent to more than 124 per person in the country. The rapid expansion of the sector underscores not only the growing dependence of Chinese consumers on e-commerce, but also the increasing role express delivery plays as a barometer of the economy.

    The industry is showing no signs of slowing down. In 2025, express delivery volume is projected to reach 190 billion.

    MIL OSI China News –

  • MIL-OSI USA: National Energy Dominance Council Paves Way for Unleashing American Energy

    US Senate News:

    Source: The White House
    Last week, President Donald J. Trump established the National Energy Dominance Council — a cornerstone in the Trump Administration’s pursuit of unleashing American energy. Led by Secretary of the Interior Doug Burgum and Secretary of Energy Chris Wright, the Council will play a key role in the Trump Administration’s work to lower energy prices, meet the rising demand for affordable energy, strengthen economic security, and ensure the American energy industry is best positioned as a global leader over the next century.
    The move was hailed by lawmakers, workers, and industry:
    House Committee on Energy and Commerce Chair Brett Guthrie (R-KY): “Energy security is national security. By utilizing our domestic energy resources to create baseload power, we can lower prices, secure our grid, and provide the energy needed to grow manufacturing, heat our homes, and fill our gas tanks. The creation of this council under the leadership of Secretary Wright and Secretary Burgum is a strong step toward securing our energy future, and ensuring we have the resources necessary to meet the demands that AI will place on our grid. President Trump is continuing to fulfill his promise to the American people to return our nation to energy dominance, and I look forward to working together to achieve that goal.”
    American Exploration and Production Council: “Our nation is stronger, more secure, and more prosperous when America is the world leader in energy production, and AXPC applauds the Trump administration’s recognition that a whole of government approach is necessary to address the challenges related to American energy dominance. Sound energy policy across agencies will support our ability to meet rising national and global demand for affordable, reliable energy. We will continue to work with Congress and the Trump administration and the new National Energy Dominance Council on sensible, durable policies that allow American energy companies to continue to innovate and produce the energy America needs.”
    North America’s Building Trades Unions: “North America’s Building Trades Unions look forward to engaging with the National Energy Dominance Council recently established by the White House. This effort, chaired by Secretary of the Interior Doug Burgum and vice-chaired by Secretary of Energy Chris Wright, comes at a critical moment for our nation. As our country’s energy demands continue to rise and we work to meet the needs of artificial intelligence, confront rising adversarial powers, and provide our citizenry with stable and affordable energy, we at NABTU are ready to meet the moment. The men and women of the Building Trades have built the existing energy infrastructure of this nation and are eager to partner with this Council to provide the highly skilled workforce necessary to advance America’s all-of-the-above energy strategy and bring about the next generation of expanded, domestic and affordable power supply.”
    National Rural Electric Cooperative Association CEO Jim Matheson: “We are thrilled that President Trump has established the National Energy Dominance Council to tackle some of the biggest energy policy challenges facing our nation. Electricity demand is skyrocketing, yet due to bad policy decisions, always-available baseload power is being forced to retire before it can be reliably replaced. As a result, much of the country faces an increased risk of energy shortfalls over the next decade. Under the leadership of Chairman Doug Burgum and Vice Chairman Chris Wright, the Council is perfectly positioned to address the growing threats to reliable and affordable power. We believe the Executive Order’s focus on improving key processes, including those for permitting, producing and distributing American energy, is exactly the right place to start.”
    United Association of Union Plumbers and Pipefitters General President Mark McManus: “The men and women of the United Association are the best trained and most highly skilled craftspeople in the energy industry, and for generations we have built the critical infrastructure that delivers affordable domestic energy to our homes and businesses across the nation. We are now poised to deliver the next generation of energy production at this critical point in our nation’s history, but all too often government red tape and environmental activist groups stand in the way of these good paying and family-sustaining jobs. We look forward to working with President Trump and the new National Energy Dominance Council to cut government red tape and modernize our permitting processes to boost domestic production of critical energy like oil, gas, hydrogen, carbon capture, and nuclear, and to reduce our dependence on foreign sources of energy.”
    Power The Future Executive Director Daniel Turner: “The National Energy Dominance Council is a long-overdue course correction that prioritizes American energy workers, revitalizes domestic production, and ensures affordability for families. The NEDC has the opportunity to right the many wrongs of the Biden administration’s failures by working alongside the private sector to create policies that increase production, drive down costs, and protect the environment. By cutting through burdensome regulations and anti-energy mandates, the NEDC will unleash America’s full energy potential and pave the way for an era of prosperity, affordability, and innovation.”
    National Association of Manufacturers President Jay Timmons: “President Trump is moving quickly to unleash America’s full energy potential by establishing the National Energy Dominance Council, setting America up to lead on energy and secure our energy independence. This action demonstrates President Trump and his administration’s commitment to ensuring manufacturers have the energy they need to drive economic growth. […] The National Energy Dominance Council, under the leadership of Interior Secretary Burgum and Energy Secretary Wright, will help power the future of manufacturing in America because when manufacturing wins, America wins.”
    Competitive Enterprise Institute Senior Fellow Marlo Lewis: “This is welcome news. Unlike the previous administration, which increased US reliance on oil imports from OPEC and critical minerals from China by rigging domestic markets against reliable energy from fossil fuels, President Trump seeks to emancipate all sources of reliable American energy to compete in domestic and overseas markets. The president also seeks to accelerate the permitting of new energy infrastructure, including the power plants needed to support hundreds of new data centers and US leadership in artificial intelligence. President Trump is correct that clearing away impediments to America’s global leadership in energy production and exports will lower energy prices, enhance US economic security, create millions of new well-paying jobs, and strengthen US competitiveness in advanced technologies such as AI.”
    Growth Energy: “#ICYMI last week @POTUS established the National Energy Dominance Council, noting that #biofuels ‘reduce our dependency on foreign imports, and grow our economy’ – #ethanol producers are ready to deliver for American consumers and the president’s priorities!”
    Small Business and Entrepreneurship Council: “The National Energy Dominance Council is greatly needed to promptly reduce onerous barriers and rules that work against an abundant energy supply. Rather than federal government agencies finding ways to expand their regulatory turf and stymie the energy sector, the Council is tasked with reducing outdated red tape and moving with speed on recommendations and action, which will facilitate the significant investment needed for big projects. A modern regulatory system and commitment to U.S. energy supremacy will generate quality jobs, economic vibrancy and growth, and innovations that will yield efficiencies and cleaner energy. As both energy consumers and as significant players in the U.S. energy sector, small businesses will greatly benefit. SBE Council thanks President Trump for prioritizing this critical sector and for his commitment to more affordable, reliable and abundant energy for America.”
    Americans for Prosperity: “Coupled with earlier Executive Orders signed by President Trump, with this Order, the current administration is well on its way in laying the groundwork for a future where energy abundance can become a reality.  Americans for Prosperity applauds President Trump’s actions in this Executive Order and anticipates a bright future for energy production in this country.”

    MIL OSI USA News –

  • MIL-OSI China: Major members of northern Myanmar telecom fraud syndicates stand trial

    Source: China State Council Information Office 2

    A total of 23 defendants, including key members of several major telecom fraud groups based in northern Myanmar stood trial in China on multiple charges including crimes that had killed 14 Chinese nationals and injured six others.
    A local court in Wenzhou, east China’s Zhejiang Province, heard the case from Feb. 14 to 19.
    The defendants included Mg Myin Shaunt Phyin and Ma Thiri Maung, ringleaders of a criminal gang led by their family, as well as major members of the gang and members of other related gangs who served as the “sponsors” of the family’s criminal activities.
    They were facing 11 counts of criminal charges including fraud, intentional homicide, intentional injury, illegal detention, operating casinos, drug trafficking, and organizing prostitution.
    According to the prosecutors, the defendants took advantage of the family’s influence in relevant areas in northern Myanmar and set up several compounds to house criminal gangs, providing armed protection for the operations of the “sponsors” and colluding with them in relevant crimes, such as telecom fraud schemes targeting people in China.
    The gambling and fraud crimes involved funds of more than 10 billion yuan (about 1.4 billion U.S. dollars) and caused the deaths of 14 Chinese nationals and injuries to six other Chinese, the indictment said.
    In a high-profile incident, on Oct. 20, 2023, the gang, in collaboration with the “sponsors,” organized armed escorts to relocate people working for their gangs in an attempt to evade an upcoming crackdown.
    During the relocation, some individuals attempted to escape but were shot by the armed escorts, resulting in multiple deaths and injuries.
    At the trial, prosecutors presented evidence and each defendant and their lawyers examined it. Both sides gave their respective accounts, and the defendants made their respective final statements.
    More than 100 people, including Chinese legislators, political advisors, journalists, family members of those involved, and members of the public, observed the court proceedings.
    The verdict will be announced in due course.
    In addition to the latest trial, several thousand other suspects linked to the criminal groups have been put under investigation after they were linked to more than 10,000 reported telecom fraud cases.
    A prior official statement emphasized that the handling of the case reflects China’s dedication to protecting the legitimate rights and interests of the nation and its citizens.
    The crimes partially took place within Chinese borders, specifically targeted Chinese citizens, and jeopardized the shared interests of the international community, thus granting China jurisdiction under its Criminal Law and international treaties, according to procuratorial sources. 

    MIL OSI China News –

  • MIL-OSI China: Regulator takes action against apps for illegally collecting, using personal data

    Source: China State Council Information Office 2

    China’s top cyber regulator said on Wednesday that a total of 82 apps have recently been ordered to be taken down or rectified for illegally collecting and using personal information.
    In a news release, the Cyberspace Administration of China said that upon investigation, four apps were found to not publicly disclosing their rules for collecting and using personal information and were thus ordered to be taken down in accordance with the law.
    In addition, another 78 apps were found to not providing functions for deleting or correcting personal information as required by law.
    These apps have been given a one-month deadline to rectify the issues, and those that fail to do so within the given period will be taken down in accordance with the law, according to the release.
    All 82 apps with such problems have violated China’s Personal Information Protection Law and other relevant legal regulations, it said.
    The release cited an official from the regulator as saying that the agency will continue to strengthen supervision and management in the field of personal information protection in accordance with the law, and will resolutely safeguard the personal information rights and interests of the people.

    MIL OSI China News –

  • MIL-OSI China: Top court reveals cases involving military facilities’ protection

    Source: China State Council Information Office 2

    China’s top court disclosed five influential cases involving the protection of military facilities to further enhance the public awareness of national defense and the rule of law.
    “Military facilities are an important component of national defense construction, serving as the foundation of the military to fulfill its missions, and providing crucial support for national strategic capabilities and military operations,” the Supreme People’s Court said on Wednesday.
    “The disclosure of the cases not only emphasizes the significance of protecting military facilities, but also demonstrates the steadfast determination and relentless efforts of Chinese courts in safeguarding national defense interests,” it added.
    It revealed that crimes involving the destruction of military facilities, such as military optical cables, have occurred from time to time in recent years. “Such actions endanger military security and affecting the military ability to carry out its missions, so they must be severely punished,” it noted.
    One disclosed case showed that a defendant surnamed Xu was sentenced to 18 months in prison for the crime of sabotage of military communications.
    Xu, who worked for an information technology company, was responsible for the daily inspection and maintenance of optical cable lines. He used metal pliers to cut a military optical cable during one inspection with the intention of selling it, causing the interruption of critical business systems for over two hours and disrupting military communications for three units that were conducting exercises.
    Xu’s actions resulted in economic losses of more than 40,000 yuan ($5,490), and the loss of the involved optical cable amounted to over 9,000 yuan.
    “Military communication is the method by which the armed forces use communication tools or other means to transmit information for command purposes,” the top court said, stressing that military optical cables are vital military communication facilities.
    “In the information age, the damage to military optical cables can have significant adverse effects on military communications and activities, not only causing financial losses but also severely influencing the readiness and training of troops, thereby endangering national defense interests and national security,” it added.
    It praised the conviction and sentence given to Xu, noting that the ruling has shown the judicial high-pressure on those who harm national defense interests and military combat effectiveness.
    While requiring courts nationwide to continue the fight against such crime, it has also called on more people from all walks of life to strengthen the protection of military facilities.

    MIL OSI China News –

  • MIL-OSI China: Rare family of jackals photographed in Qilian Mountains

    Source: China State Council Information Office 2

    A group of nine jackals, a national first-level protected wild animal, was recently photographed in the southern section of the Qilian Mountains National Nature Reserve in Gansu province.
    The predators, characterized by their upright triangular ears and fluffy tail feathers, were observed in a complete family structure as they roamed freely between bare rocks and snow slopes in the morning light.
    Jackals play a vital role in maintaining ecological balance. The reappearance of this once locally extinct species serves as evidence of the ecosystem’s recovery in the Qilian Mountains.
    The Qilian Mountains stand on the border of Gansu and Qinghai provinces. The nature reserve was designated a national protected site in 1988.

    MIL OSI China News –

  • MIL-OSI China: Abu Dhabi to enhance trade, investment with China

    Source: China State Council Information Office

    The Abu Dhabi Department of Economic Development (ADDED) is currently leading a high-level delegation of 140 government and business leaders on an official visit to China. The visit, which commenced on Feb. 17, aims to further strengthen partnership with a leading economy and cement Abu Dhabi’s stature as a global magnet for talent, businesses and investment.

    The delegation is meeting with senior government officials, key businesses and investors in Beijing, Shanghai, Shenzhen and Hong Kong to explore business opportunities and foster strategic relations with their Chinese counterparts.

    During the visit, the Abu Dhabi Investment Office and the Abu Dhabi Global Market hosted the Abu Dhabi Investment Forum (ADIF) in Beijing on Feb. 18 under the theme “Invest with Abu Dhabi.” Meanwhile, an additional session of the forum will be held in Shanghai on Feb. 20.

    The ADIF features a comprehensive agenda, including keynote addresses, panel discussions and bilateral meetings with delegates representing various sectors of Abu Dhabi’s economy. Industry experts, including executives from institutions such as Abu Dhabi National Oil Company, Mubadala, HSBC and Gulf Capital, provided in-depth insights into the emirate’s investment landscape, showcasing opportunities in technology, financial services, health care and trade.

    Additionally, the Abu Dhabi Chamber of Commerce and Industry, in collaboration with the Shanghai Federation of Industry and Commerce, held the Business Connect-Abu Dhabi-Shanghai in Shanghai on Feb. 19. The event focused on strengthening economic relations and partnerships between the business communities in Abu Dhabi and China.

    Ahmed Jasim Al Zaabi, chairman of ADDED, said: “Our longstanding relations with China are going from strength to strength, as reflected by the growth of bilateral trade and mutual investments over the past few years, and we are doubling down our efforts to take it to the next level by deepening cooperation and exploring new opportunities in various sectors to create more partnerships.”

    He added: “We are eager to enable investors and businesses to benefit from ample opportunities provided by our soaring ‘Falcon Economy,’ which is harmonizing between advanced technologies, sustainability, human development and economic diversification as we accelerate the transition towards the next phase of Abu Dhabi’s development.”

    According to the data from ADDED, bilateral trade between China and the United Arab Emirates is projected to reach $200 billion by 2030. Abu Dhabi is already home to many of the over 6,000 Chinese companies operating in UAE’s key sectors including technology, financial services and energy. As such, the emirate continues to reinforce its position as the main gateway for Chinese investment in the Middle East and beyond.

    MIL OSI China News –

  • MIL-OSI China: US’ new tariffs worsen global prospects

    Source: China State Council Information Office

    U.S. President Donald Trump attends a press conference at the White House in Washington D.C., the United States, Feb. 13, 2025. [Photo/Xinhua]

    After US President Donald Trump’s first punitive tariffs targeted the United States’ major trade partners — Mexico, Canada and China — tariff threats are shifting to the European Union, even the rest of the world. The tariff threats are also shifting from steel and aluminum to computer chips and pharmaceuticals.

    In the latest move, Trump said on Tuesday he intends to impose auto tariffs “in the neighborhood of 25 percent” and similar duties on semiconductors and pharmaceutical imports.

    The US has a major trade deficit with many other trading economies, including Germany, Japan, the Republic of Korea and Vietnam, which are likely to be in the firing line later, if not soon.

    A tariff is a tax levied on imported goods and services. In its haste to target the three countries, the Trump administration has ignored concerns about these tariffs fostering inflation or snarling global supply chains. This is a serious mistake on the part of the administration. In the US, wholesale prices are already rising on higher food and energy costs, adding to the growing pile of bad inflation news ahead of more US tariffs. Globally, these risks are real, costly and damaging.

    As the new US administration has been launching another tariff war, China’s economy has been showing progressive signs of stabilization — especially since the fourth quarter of 2024, as the impact of the November stimulus measures has kicked in. During this period, growth accelerated from 4.6 percent to 5.4 percent to reach 5.0 percent year-on-year in 2024, which prompted the International Monetary Fund to recently upgrade China’s GDP growth.

    But what’s fueling these gains?

    China’s industrial production has proved resilient on the back of both domestic and international demand, particularly in electric vehicles and solar panels. The most prominent part of the growth story is the strong expansion of China’s advanced technology, electronics and automobile sectors. The pace of development in industrial robotics is almost as strong, while consumption is being fueled by equipment and durable goods upgrade.

    Yet two main challenges remain. At home, the nearly 11 percent decline in real estate investment suggests the property market is still ailing. But in about 300 Chinese cities, the decline of residential inventory is slowing.

    The external challenges China faces include the impending trade and tech wars, which the first Trump administration launched in 2017, the Biden administration expanded and the new Trump administration is broadening worldwide.

    On Feb 1, Trump imposed 25 percent tariffs and 10 percent duties on energy products imported from Canada and Mexico, and 10 percent tariffs on Chinese goods. The three countries are the US’ biggest trade partners and the US has a trade deficit with each one of them. These tariffs alone would cost an average US household more than $1,200 a year.

    After separate talks between Trump and the Canadian and Mexican presidents, the US agreed to delay levying the extra tariffs for 30 days. But the threatened tariffs on Canadian and Mexican goods, if they are imposed, could reduce long-run GDP by 0.3 percent.

    Moreover, a trade war between the US and its two largest trading partners would hit incomes in the US, impact employment and accelerate inflation. As Trump’s tariffs went into effect against China, Beijing announced a broad package of economic measures against Washington on Feb 10. And more countermeasures are likely to follow.

    Half a decade ago, the US’ punitive tariffs on Chinese goods covered goods worth $396 billion, or more than 90 percent of the total trade. But the first round of Trump’s tariffs against Canadian, Mexican and Chinese goods alone will cover far more traded goods in dollar terms.

    Trump’s four tranches of tariffs on Chinese goods in 2018-19 covered imports worth $360 billion. Today, Canada and Mexico and China account for more than two-fifths of all US imports. New tariffs on the goods imported from the two countries plus additional tariffs on Chinese goods would likely cover imports valued at more than $1.3 trillion. That’s more than 3.5 times the value than half a decade ago.

    This might be just the opening salvo in a series of tariffs the Trump administration is likely to announce in the coming weeks. Factor in the potential/likely retaliatory tariffs and duties by the affected countries and the Trump administration’s “reciprocal tariff” plan, and the final toll could be much higher.

    Ironically, US tariffs are legitimized by a flawed victimization narrative in which Washington is portrayed as a target of wrongful economic and geopolitical measures. In reality, the US’ imposed tariff levels are about geopolitical coercion, not economic factors.

    The threatened wave of tariffs could further heighten trade tensions, reduce investments, hit market pricing, distort trade flows, disrupt supply chains and undermine consumer confidence. In fact, much worse could happen.

    Due to the new US tariffs, we are in for a far costlier, global déjà vu all over again.

    MIL OSI China News –

  • MIL-OSI China: Trump admin halts legal representation for 26,000 immigrant children

    Source: China State Council Information Office

    The Trump administration has halted a program that provided lawyers to nearly 26,000 immigrant children, some too young to read or speak, who are or were under the custody of the Office of Refugee Resettlement, reported the Los Angeles Times on Wednesday.

    “The children, about 4,000 of whom live in California, face deportation, and many don’t have parents or legal guardians in the country,” noted the report.

    The Interior Department on Tuesday ordered the Acacia Center for Justice, which coordinates the federally funded program that paid the attorneys, “to stop work.” In its letter, the agency cited contracting rules to justify the program pause, but did not offer clear reasons why.

    “Since taking office, the Trump administration has sought to weaken portions of the immigration system that support detainees,” said the report, adding that “the orders come as an administration advisory group, which billionaire aide Elon Musk calls the Department of Government Efficiency, has been firing federal workers throughout the government and eliminating programs that it says don’t align with the administration’s objectives.”

    MIL OSI China News –

  • MIL-OSI China: Hamas proposes ‘all for all’ prisoner-for-hostage swap with Israel

    Source: China State Council Information Office

    Released Palestinian prisoners are welcomed upon arrival in the southern Gaza Strip city of Khan Younis, Feb. 15, 2025. [Photo/Xinhua]

    Hamas said on Wednesday that it had submitted a proposal to Israel, through mediators, for a comprehensive prisoner-for-hostage swap based on the principle of “all for all” as part of ongoing negotiations.

    A senior Hamas official, speaking on condition of anonymity, said the proposal calls for “the immediate release of all Israeli prisoners held by Hamas in exchange for Israel releasing all Palestinian prisoners in its custody.”

    The official did not specify whether the proposal is part of the first phase of the agreement or linked to the upcoming second phase of negotiations.

    In a press statement on Tuesday, Hamas spokesman Hazem Qassem affirmed the movement’s readiness for “a one-time prisoner swap in the second phase.”

    However, he stressed that such a deal must be “part of an agreement leading to a permanent ceasefire and a full Israeli withdrawal from the Gaza Strip.”

    Israel has not yet issued an official response to the proposal, while international efforts continue to push negotiations forward.

    MIL OSI China News –

  • MIL-OSI China: China, Pakistan to boost docking of development strategies

    Source: China State Council Information Office

    As all-weather strategic cooperative partners, China and Pakistan will strengthen the docking of their development strategies, Chinese Foreign Minister Wang Yi said at the UN headquarters on Tuesday.

    Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, met with Pakistani Deputy Prime Minister and Foreign Minister Ishaq Dar at the UN headquarters in New York.

    Wang said this year marks the 80th anniversary of the UN establishment, and it is necessary to take this opportunity to review the original intention of the world body’s founding, to practice and promote multilateralism, and to reform and improve global governance.

    In view of the current deficits in peace, development, security and governance facing the international community, China proposes to hold a high-level meeting of the UN Security Council on “Practicing multilateralism, reforming and improving global governance,” said Wang.

    Such a meeting is to gather more international consensus and formulate a common plan, and China is ready to work with the international community, including Pakistan, to jointly promote the meeting to achieve positive results and accelerate the construction of a just and equitable global governance system.

    As all-weather strategic cooperative partners, China and Pakistan have always trusted and supported each other, said the Chinese foreign minister, adding that a recent successful meeting between Chinese President Xi Jinping and Pakistani President Asif Ali Zardari added new impetus to China-Pakistan’s ironclad friendship.

    Wang said that China gives priority to its relations with Pakistan in its neighborhood diplomacy, and will continue to uphold justice and speak out for Pakistan on international occasions.

    He said China will strengthen the docking of development strategies with Pakistan, especially deepen cooperation in agricultural modernization and industrialization, and will help Pakistan to enhance its capacity in self-development.

    Wang expressed the hope that Pakistan will take effective measures to ensure the safety of Chinese personnel, projects and institutions in Pakistan.

    For his part, Dar said that President Zardari’s recent visit to China has been a great success, and the Pakistan-China all-weather strategic cooperative partnership has reached a new high with highly efficient progress going on in cooperation in various fields.

    He said Pakistan admires China for writing a great chapter in its modernization development and looks forward to strengthening high-level exchanges and development synergy with China. Dar also told Wang that he wishes the upcoming “Two Sessions” of China a complete success.

    Dar said that Pakistan attaches great importance to and will fully guarantee the safety of Chinese institutions and personnel in Pakistan. Pakistan appreciates China’s leadership on the global agenda and will continue to work closely with China and support each other, he added.

    MIL OSI China News –

  • MIL-OSI China: China always reliable partner of Hungary: FM

    Source: China State Council Information Office

    Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, meets with Hungarian Foreign Minister Peter Szijjarto at the United Nations headquarters in New York, Feb. 18, 2025. [Photo/Xinhua]

    China appreciates that Hungary has always regarded China as an opportunity for development, and China will always be a reliable partner of Hungary, Chinese Foreign Minister Wang Yi said at the United Nations headquarters on Tuesday.

    In today’s chaotic world, global governance faces difficulties, said Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, in a meeting with Hungarian Foreign Minister Peter Szijjarto at the United Nations headquarters in New York.

    Wang noted that as this month’s rotating president of the UN Security Council, China proposes to hold a high-level meeting on “Practicing multilateralism, reforming and improving global governance.”

    He said that China is willing to take the 80th anniversary of the UN foundation as an opportunity to work with the international community to promote true multilateralism and jointly maintain world peace and stability, which is in the interests of all parties and the expectations of the international community.

    China appreciates Hungary’s rational and objective stance on hot-spot issues, and believes that Hungary will be committed to peace and stability in Europe and play an important and unique role in this regard, said Wang.

    Wang also said that no matter how the international situation changes, China will always be a reliable partner of Hungary.

    Noting this year marks the 50th anniversary of the establishment of diplomatic ties between China and the European Union (EU), Wang expressed his belief that Hungary will continue to play a constructive role in the sound and stable development of China-EU relations.

    For his part, Szijjarto said Hungary will support and actively participate in the UN meeting, and continue to strengthen communication and cooperation with China.

    In a turbulent world, China is actively committed to building international consensus and playing an important leading role in promoting world peace and improving global governance, Szijjarto said, adding that Hungary highly appreciates that.

    Hungary cherishes its friendship with China, and is pleased to see that the two countries have maintained close high-level exchanges and sound communication and achieved remarkable results in practical cooperation in various fields, he said.

    Hungary is willing to work with China to lift bilateral relations to higher levels, said Szijjarto, adding that effective cooperation between Europe and China is in the common interests of all parties, and that Hungary will continue to be committed to promoting the development of EU-China relations.

    MIL OSI China News –

  • MIL-OSI China: Chinese FM urges China, US to find right way to get along

    Source: China State Council Information Office

    Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, holds a conversation with representatives of American society on the sidelines of a UN Security Council high-level meeting in New York, Feb. 18, 2025. [Photo/Xinhua]

    Chinese Foreign Minister Wang Yi said Tuesday that China and the United States should find the right way to get along.

    China and the United States should follow the principles of mutual respect, peaceful coexistence and win-win cooperation, and find the right way for the two major countries to get along well with each other, said Wang during a conversation with representatives of American society on the sidelines of a UN Security Council high-level meeting in New York.

    Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, noted that China and the United States have vast common interests and there is broad space for cooperation.

    The two sides should earnestly respect each other’s core interests, strengthen communication, build trust, fend off distraction and overcome obstacles so that China-U.S. relations can be improved and stabilized, said Wang.

    MIL OSI China News –

  • MIL-OSI Australia: National Foundation for Australia-China Relations grants and board appointments

    Source: Australian Government – Minister of Foreign Affairs

    I am pleased to announce the recipients of the National Foundation for Australia-China Relations grants round for 2024-25, and new appointments to its Advisory Board.

    The Foundation is providing 29 grants to support cooperation and engagement between the people of Australia and China. These programs are focused on building capability in Australian industry, boardrooms, community and institutions to foster engagement in a risk-informed way.

    The initiatives receiving grants are listed on the Foundation’s website and include: 

    • Long-term investment in Australia’s China capability, through scholarships and exchange programs for students, and training and mentoring programs for Australian businesses, academics and members of the public sector.
    • Research, dialogue and cooperation in the priority areas of climate change, sustainable agriculture and decarbonisation.
    • Celebrating Chinese-Australians with initiatives sharing the stories of those making powerful contributions to our communities.
    • Through the convening power of sport, education and the arts, building understanding of Australia in China, and supporting stronger people-to-people connections.

    Today I also announce the appointment of Advisory Board members for the National Foundation for Australia-China Relations.

    The Advisory Board helps guide the Foundation in its work to promote and coordinate enhanced cooperation between Australia and China, in support of Australia’s national interest.

    I am pleased to appoint Ms Wendy Huang, Publisher and Managing Director, 1688/Chinese Herald Australia to the Advisory Board.

    I am pleased to confirm that Mr Rowan Callick, Dr Yin Cao, Ms Wesa Chau, Dr Courtney Fung, Mr Douglas Gautier AM, Ms Marina Go AM, Dr Jade Little, Professor Sharon Lewin AO, Mr Richard McGregor and Professor Rory Medcalf AM have been reappointed to the Advisory Board.

    I am also delighted Ms Marina Go AM has accepted my invitation to become Chair of the Foundation in June 2025.

    I pay tribute to outgoing Chair Ms Pru Bennett for her contribution to the Foundation as Chair since 2020.

    I also thank outgoing Board Members Professor Brian Schmidt AC and Professor Duncan Lewis AO DSC CSC for their valuable support to the Foundation over recent years.

    I look forward to the Foundation’s continued work to strengthen engagement with China in Australia’s interest and to reinforce social cohesion by partnering with Chinese-Australian communities to showcase their contributions.

    MIL OSI News –

  • MIL-OSI China: China taps box office success to boost tourism

    Source: China State Council Information Office 3

    China’s film authorities launched a movie-themed tourism campaign at the China National Film Museum in Beijing on Feb. 17, riding the momentum of the country’s recent box office success to attract foreign tourists.

    The “China Travel with Chinese Films” campaign is launched at the China National Film Museum in Beijing, Feb. 17, 2025. [Photo courtesy of China Movie Channel]

    The “China Travel with Chinese Films” campaign aims to leverage growing international interest in Chinese cinema following a record-breaking Spring Festival movie season. Supported by the country’s expanded transit visa-free policy, the initiative promotes filming locations and cultural sites featured in popular Chinese movies, officials said at the launch event.

    The campaign, sponsored by the China Film Administration and China Media Group and organized by CGTN and the China Movie Channel Program Center, will promote a “film plus tourism” concept, encouraging international audiences to discover China through cinema while boosting tourism spending.

    The initiative will also nurture collaboration between the film and tourism industries by creating themed travel routes connecting filming locations with cultural heritage sites.

    During the 2025 Spring Festival season, six blockbusters generated 9.51 billion yuan ($1.32 billion) in ticket sales and drew 187 million viewers in seven days, according to box office tracker Maoyan Pro. The booming film market has sparked a growing interest in movie-related tourism centered on filming locations and cultural elements among domestic and international visitors.

    Ne Zha and Ao Bing performers dance during the “China Travel with Chinese Films” campaign launch at the China National Film Museum in Beijing, Feb. 17, 2025. [Photo courtesy of China Movie Channel]

    Among the blockbusters, the animated sensation “Ne Zha 2” has led the race and has continued its record-breaking run beyond the holiday season. So far, the film has grossed over 12.4 billion yuan, making it the highest-grossing Chinese film and animated feature of all time, surpassing both domestic and global box office records.

    Thus, “Ne Zha” has become the campaign’s promotional ambassador. A performer dressed as the animated character received a certificate onstage before joining another character, Ao Bing, for a dance performance inviting global audiences to explore China. The film’s influence has spread beyond theaters, sparking nationwide interest. Regions are competing to claim Ne Zha’s “hometown” status to boost local tourism, while related merchandise has sold out quickly.

    “‘Ne Zha 2’ is a visually spectacular comedy that tells a Chinese story, innovates traditional Chinese culture and continues the legacy of Eastern aesthetics,” said Wang Jing, the film’s executive producer. “With strong support from Chinese audiences, it aims to deliver a powerful voice of Chinese culture in the new era to global viewers.”

    Another Chinese New Year release making international inroads is “Detective Chinatown 1900,” which has grossed more than 3.2 billion yuan ($446 million) in China and opened in nearly 20 overseas territories, including North America, the United Kingdom and Malaysia.

    “Chinatowns have long served as windows for Chinese cultural exchange,” said producer Fan Xia, noting how the film showcases historic landmarks across these communities. “The ‘Detective Chinatown’ series, which tells their stories, has also demonstrated remarkable vitality in the field of cultural exchanges.”

    Representatives of Spring Festival films present their films’ achievements and tourist destinations during the “China Travel with Chinese Films” campaign launch at the China National Film Museum in Beijing, Feb. 17, 2025. [Photo courtesy of China Movie Channel]

    During the event, actor Anastasia Shestakova also invited international visitors to tour the film’s shooting locations in China, including a Native American village constructed in Xingtai, Hebei province, and a full-scale replica of various locations in 1900s San Francisco in Laoling, Shandong province. The 200,000-square-meter San Francisco set, built in just seven months at Laoling Film Studio, opened to the public during the Spring Festival, allowing moviegoers to explore the landmarks they saw on screen.

    Actor Nashi, who plays the female general Deng Chanyu in “Creation of the Gods II: Demon Force,” a film set in ancient China’s Shang dynasty, passionately shared insights about period artifacts preserved in museums across Henan and Shaanxi provinces.

    Besides the cities and attractions featured in the films, film studios and shooting locations have become popular cultural tourism spots. Representatives from China Movie Metropolis, Wuxi Studios, Western Film Group and Hengdian World Studios presented their production facilities advantages, industry policies and tourism offerings.

    Representatives of film studios present their production resources, facilities and tourism offerings during the “China Travel with Chinese Films” campaign launch at the China National Film Museum in Beijing, Feb. 17, 2025. [Photo courtesy of China Movie Channel]

    Several foreign cultural ambassadors and travel bloggers shared their China travel plans inspired by Spring Festival films at the event. Tourism and financial sector representatives offered promotional deals, while China Media Group announced its international bureaus would partner with Chinese filmmakers to expand the “China Travel with Chinese Films” campaign, attracting more overseas audiences.

    This Chinese New Year, the first since the Spring Festival was added to UNESCO’s Representative List of Intangible Cultural Heritage, has triggered increased overseas interest in traveling to China.

    Ma Yiliang, chief statistician at the China Tourism Academy, said the successful holiday films drove both domestic and international tourists to cities like Xiangyang and Yibin. Local products, including Hubei’s lotus root starch, saw sharp sales increases.

    “This wave of cultural tourism has not only enhanced brand recognition for local destinations but also generated significant economic benefits,” he said.

    MIL OSI China News –

  • MIL-OSI China: Farming activities in full swing across China in early spring

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

    Farming activities in full swing across China in early spring

    Updated: February 20, 2025 08:28 Xinhua
    An aerial drone photo taken on Feb. 18, 2025 shows villagers sowing corn seeds and mulching a field in Buying Village of Pengxi County, Suining City, southwest China’s Sichuan Province. Farming activities are in full swing across China in early spring. [Photo/Xinhua]
    An aerial drone photo taken on Feb. 18, 2025 shows farmers operating agricultural machines at a vegetable planting base in Tancheng County of Linyi City, east China’s Shandong Province. [Photo/Xinhua]
    Staff members take care of seedlings at a seedling breeding base in Zhenhai District of Ningbo City, east China’s Zhejiang Province, Feb. 18, 2025. [Photo/Xinhua]
    An aerial drone photo taken on Feb. 18, 2025 shows farmers operating agricultural machines to carry out field management in Qiaocheng District of Bozhou City, east China’s Anhui Province. [Photo/Xinhua]
    An aerial drone photo taken on Feb. 19, 2025 shows farmers operating agricultural machines at a sugarcane base in Laibin City, south China’s Guangxi Zhuang Autonomous Region. [Photo/Xinhua]
    A farmer tends a cherry tree in Gaodu Village of Boxing County, Binzhou City, east China’s Shandong Province, Feb. 18, 2025. [Photo/Xinhua]
    A villager harvests tomatoes in Hanting District of Weifang City, east China’s Shandong Province, Feb. 19, 2025. [Photo/Xinhua]
    An aerial drone photo taken on Feb. 19, 2025 shows farmers operating agricultural machines at a field in Shenxian County, east China’s Shandong Province. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: Construction underway at Hongmiao Station on Beijing Subway line 22 connecting Beijing, Hebei

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

    Construction underway at Hongmiao Station on Beijing Subway line 22 connecting Beijing, Hebei

    Updated: February 20, 2025 09:18 Xinhua
    Workers carry out construction at the site of Hongmiao Station on Beijing Subway line 22 in Beijing, capital of China, Feb. 19, 2025. The line 22 is the first cross-provincial intercity metro between Beijing and Hebei Province, with a total length of approximately 81 kilometers. [Photo/Xinhua]
    Workers carry out construction at the site of Hongmiao Station on Beijing Subway line 22 in Beijing, capital of China, Feb. 19, 2025. [Photo/Xinhua]
    Workers carry out construction at the site of Hongmiao Station on Beijing Subway line 22 in Beijing, capital of China, Feb. 19, 2025. [Photo/Xinhua]
    Workers carry out construction at the site of Hongmiao Station on Beijing Subway line 22 in Beijing, capital of China, Feb. 19, 2025. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: China issues action plan for stabilizing foreign investment in 2025

    Source: China State Council Information Office 2

    China on Wednesday issued an action plan to stabilize foreign investment in 2025, which was approved by a recent State Council executive meeting.
    The action plan was devised by the Ministry of Commerce and the National Development and Reform Commission, according to a notice issued by the General Office of the State Council.
    Foreign investment is a key aspect of promoting high-standard opening-up, and plays a significant role in fostering new quality productive forces and advancing Chinese modernization, according to the action plan, which was formulated to ensure stable foreign investment in 2025.
    Per the plan, China will support pilot regions in effectively implementing opening-up policies related to such areas as value-added telecommunication, biotechnology and wholly foreign-owned hospitals, providing whole-journey services for foreign-invested projects in these sectors.
    The country will continue expanding its pilot programs to open up fields such as telecommunication and medical services in a timely manner.
    According to the plan, China will seize the initiative by opening its education and cultural sectors further, publish implementation plans, and push those plans forward steadily.
    The plan calls for efforts to expand the national pilot program to open the services industry further and promote the orderly opening-up of the biomedical sector.
    Additionally, it emphasizes encouraging foreign equity investment in China to attract more high-quality foreign direct investment in the country’s listed companies.
    China will lift restrictions on domestic loans for foreign-invested enterprises, allowing these firms to use domestic financing for equity investments, according to the plan.
    It highlights key sectors to attract foreign investment. According to the plan, foreign businesses are encouraged to invest in animal husbandry-related fields such as breeding, feeding equipment production and production of feed and veterinary medicine, and enjoy national treatment.
    It also supports foreign enterprises to participate in China’s new industrialization, with a focus on high-tech fields. Foreign investment is also welcomed in services sectors such as elderly care, culture and tourism, sports, health care, vocational education, and finance.
    It calls for clarifying standards for the government procurement of domestic products, and for measures to ensure products produced by enterprises of different ownership within China participate equally in government procurement activities.
    The plan was approved at a State Council executive meeting held earlier this month. The meeting highlighted the important role of foreign-invested enterprises in employment, export stability and industrial upgrading, and urged more practical and effective measures to maintain existing investments and attract new ones.
    In 2024, 59,080 new foreign-invested enterprises were established in China, up 9.9 percent year on year. China attracted an annual overseas investment of over 1 trillion yuan (about 139.5 billion U.S. dollars) for three consecutive years from 2021 to 2023. 

    MIL OSI China News –

  • MIL-OSI China: New container shipping route connects Dalian with the Mediterranean

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

    An aerial drone photo taken on Feb. 18, 2025 shows the MSC SVEVA vessel docking at the container terminal of Dalian Port in Dalian, northeast China’s Liaoning Province. The MSC SVEVA vessel departed from the Dalian Container Terminal on Tuesday, marking the official launch of a direct container shipping route linking the northeastern Chinese port city of Dalian with several Mediterranean countries. [Photo/Xinhua]

    DALIAN, Feb. 18 — The MSC SVEVA vessel departed from the Dalian Container Terminal on Tuesday, marking the official launch of a direct container shipping route linking the northeastern Chinese port city of Dalian with several Mediterranean countries.

    The new route connects major ports in countries such as Egypt, Türkiye and Israel, contributing to a more efficient, reliable maritime logistics corridor between China’s northeastern region and the Mediterranean.

    The new service is operated by the Mediterranean Shipping Company, which plans to deploy 16 container ships, each with a capacity of 19,000 TEUs, to provide weekly services.

    The ships will transport a wide range of goods, including chemical products, automobiles and auto parts, mechanical equipment, and mineral resources.

    The shipping service is expected to promote economic and trade cooperation between China’s northeastern region and Mediterranean countries.

    China is Türkiye’s third-largest trading partner. The new route will call at major Turkish ports such as Canakkale, Istanbul and Tekirdag, deepening bilateral economic and trade exchange, as well as industrial and supply chain integration.

    Jilin Flying Tiger Logistics Group Co., Ltd., an international freight forwarding agency, has loaded over 200 tonnes of cargo onto the MSC SVEVA for export to Türkiye.

    The new route saves about 10 days in transit time compared to other shipping routes, said Wang Nan, vice managing director of Jilin Flying Tiger Logistics Group. The service will reduce capital costs and inventory pressure, and enhance supply chain stability, Wang added.

    Dalian Port now operates 106 container shipping routes, including 93 international routes that connect over 300 ports in more than 160 countries and regions worldwide.

    This year, the port will expand and improve its container shipping network to facilitate trade and bolster supply chain stability further.

    MIL OSI China News –

  • MIL-OSI Australia: Interview – ABC Afternoon Briefing with Patricia Karvelas

    Source: Australian Ministers for Education

    PATRICIA KARVELAS: To discuss this, and there’s a whole lot more, let’s bring in our panel, Early Childhood Education Minister Anne Aly and Shadow Immigration Minister Dan Tehan. Welcome to both of you.

    MINISTER ANNE ALY: Thank you.

    DAN TEHAN: Thanks, Patricia.

    KARVELAS: We’re going to start on that. Dan, was that just a thought bubble? Because it’s unconstitutional, it’s been tested in the High Court.

    TEHAN: No, it wasn’t. I think there is a real frustration with how the system is currently working at the moment and how the courts are clogged up, how appeal after appeal is used. And I think what the Leader of the Opposition was expressing was that frustration that at some stage we are going to have a look at this.

    Now, the High Court obviously made a decision last year. So, you know, there does need to be a discussion around these issues because it would be good if we had clear rules and clear guidelines and clear laws as to how we can make sure that those people who do come to Australia do and know and understand our values and especially our laws.

    KARVELAS: But after you become a citizen shouldn’t you be dealt with by the law, and the law should deal with if you have a particular view, which, you know, is hate speech, isn’t that the law that should be dealing with it rather than just kicking people out?

    TEHAN: Well, I think what – you know, what we do need to look at is that a lot of these people have dual citizenship. And so we need to look and see, okay, if you’ve got dual citizenship and you breach your trust that the Australian people have given in you with regards to your Australian citizenship, well, if you’re a dual citizen, do you have the right to keep your Australian citizenship?

    KARVELAS: The High Court thinks yes.

    TEHAN: Well, the High Court made a decision last year. Now, obviously we can have a look at the way that they made that and the laws around that and see whether we do need to have a conversation around whether we need to change some of the laws around this and see whether if people do come here – and especially if they are dual citizens – whether we can act.

    KARVELAS: Anne Aly?

    ALY: I’m a bit – I’m a bit angry that this conversation about antisemitism has been conveniently turned into a conversation about immigration as if somehow the two are connected. I think that’s a very deliberate political ploy by Peter Dutton, who, I might add, has said that he wants to re-introduce the “golden ticket” visa, which can be bought by people with money and that we know brought in people from organised crime gangs and people of, frankly, unworthy character into Australia.

    So I would like to see us talking about the substantive issue here about hatred and the growth of hatred and the spread of hatred in our society. And when we have those conversations, not have those conversations hijacked by another conversation about immigration as if it’s only immigrants that are responsible for spreading hatred in this country. That’s what really disturbs me here, Patricia.

    KARVELAS: Anne Aly makes a point about the fact antisemitism is a lot wider than anyone who may have come to this country more recently. It is clearly a big problem. Isn’t that what you really want to deal with?

    TEHAN: Well, we have been dealing with that, and we have been appealing to the government now for a very long period of time to deal with that and deal with it right across this nation. So I don’t think you can say that all of a sudden we’ve just made this about immigration. This is an issue which the Leader of the Opposition has led the nation on in trying to rid this country of antisemitism. And it is about ridding it right across our nation, whether it be Australian citizens, whether it be dual citizens, whether it be those who are here as guests of our nation. And I don’t think that we can say all of a sudden that this has just had a narrow focus to it, because his leadership on this issue has been inspiring and outstanding. And so to just try and narrow cast it like that is completely and utterly wrong.

    KARVELAS: But Peter Dutton even questioned why a male nurse – this male nurse got citizenship. I understand that actually happened when the Morrison government was in power.

    TEHAN: Well, what Peter Dutton has said is that we do need to look as to how this has happened. And there will be –

    KARVELAS: But it did happen under –

    TEHAN: Yeah, yeah. There are incidences where this will have happened under Labor, under Liberal. But what we do need to do is look at it and say, okay, where is the system failing? How are we getting people coming into our country with these views when they’re required to take a citizenship pledge, we should be looking, okay, what do we do to try and fix this system. And that’s the point that he’s trying to make, because there is a frustration.

    KARVELAS: Anne Aly?

    ALY: I want – I just want to make this point. When you say, Dan, people coming into this country with these views, what if people are coming into this country as children – and I’m the Minister for Early Childhood, I see a lot of children, and let me tell you, they don’t – they’re not born with hate. They’re not born hating, right? People who are coming to this country may not be necessarily coming with those views. They may form those views because of this country, right?

    So what are we doing more broadly in this country to ensure that we have a society that is cohesive and that is harmonious and that we don’t tolerate hatred? When we talk about that, we talk about the concrete steps that our government has done to ensure that – the doxing laws, the hate speech laws, standing up against racism in all its forms and expressing our contempt for hatred.

    You know, I think it’s a very simplistic view to say that migrants come into Australia with a particular view and therefore that the whole situation that we’re talking about here around the increase of hatred is somehow linked to immigration.

    TEHAN: But that’s not what we’re saying. We’re saying –

    ALY: But it’s exactly what you just said.

    TEHAN: We’re saying that is one component of it. We’ve also called for a proper National Cabinet meeting to address this issue, so it can be –

    KARVELAS: Well, there was. There was one.

    TEHAN: Yes, but it was one which wasn’t done with all the chief ministers, all the leaders there, you know, everyone coming to Canberra – a proper serious discussion as to how we address this.

    KARVELAS: I have to bring our viewers on Afternoon Briefing here on the ABC News channel some breaking news: a Chinese fighter aircraft has released flares in front of an Australian military plane during what Defence describes as an unsafe and unprofessional interaction in the South China Sea this week. Officials have revealed the encounter occurred on Tuesday during daylight hours with the Peoples Liberation Army J-16 coming within 30 metres of the RAAF P-8 Poseidon. Defence says no personnel were injured and there was no damage to the P-8, but it has lodged formal objections with the PLA, both in Canberra and Beijing. So that’s just breaking news.

    I am aware – and I always think, to be fair, you would just be hearing perhaps that news too. But just quick thoughts from you both. Obviously Defence has sent a pretty strong signal here that this is unacceptable.

    TEHAN: And let’s see what sort of signal now the Prime Minister sends, because that’s what I think the Australian people will be waiting for and wanting to hear, what sort of strong signal and strong message now the Prime Minister sends. So, as we’ve seen, this is not the first time that this has occurred. So I think we will all watch with great interest to see how the Prime Minister responds to this, this act by the Chinese military.

    KARVELAS: Anne Aly?

    ALY: My first thought, of course, is relief that nobody was hurt and nobody was injured, Patricia. That’s my first – my first reaction to this news.

    KARVELAS: Do you expect the Prime Minister will have strong words?

    ALY: Absolutely. Absolutely. This is a pretty serious issue, and I absolutely expect that the Prime Minister will stand up for the Australian people, as he always has done.

    KARVELAS: Now, there is another piece of breaking news, which is that your child care bill has just passed.

    ALY: Yes.

    KARVELAS: You know this?

    ALY: Yes.

    KARVELAS: Okay, what can you tell us?

    ALY: So this is a great bill. It is good policy –

    KARVELAS: This is the three day –

    ALY: This is the Three Day Guarantee, 72 hours a fortnight for every child. What it basically does, Patricia, is it replaces the activity test, and parents out there who have tried to access subsidised care will know that they have to pass an activity test in order to be eligible to subsidise that care. It means that every child in Australia can now access those really transformative benefits of early childhood education and care. And it is good policy. It was recommended by the PC Review, a number of reviews, and has strong, strong support from across the sector. It’s a good day today for Australian children.

    KARVELAS: It didn’t have to pass now, though, did it? I mean, it really could have happened after the election. Was it a political – is it a political play –

    ALY: Well, no.

    KARVELAS: – so you can talk about this at the election and say, “We got this through,” because it doesn’t start till next year, right?

    ALY: That’s right. But, you know, it’s something that had strong support from the sector and it was a recommendation by the PC Review. You know, this is us taking action on things that we know are good policy, part of our reform package in early childhood education and care, getting to that place of a universal system that benefits every child.

    KARVELAS: Dan Tehan, you are actually a former Education Minister so you are across these portfolios. I understand at the end the Liberals were not in favour of this change. But actually it is true that there has been a lot of research to say that this change should happen to get children to have the right to have these three days compulsory. Why didn’t you see it that way?

    TEHAN: So just a question before, Patricia, I answer that question. So, are we talking about it just passing the House? Or –

    KARVELAS: I think it just passed the House –

    ALY: It passed the Senate – it’s in the Senate at the moment. So, I know – but it did pass the House earlier.

    KARVELAS: It’s going back to – yeah.

    TEHAN: Yeah, so it’s – just so your viewers are clear of where we’re at, it’s passed the House. It hasn’t passed the Senate, and it’s actually going to a Senate review which, as I understand it, will report in March. So this legislation –

    ALY: I think they’re actually voting on it in the Senate.

    KARVELAS: Yeah, my understanding is it’s passed the Parliament. But either way –

    TEHAN: Right, okay.

    KARVELAS: – I’ll let you continue with the broad political point.

    ALY: Last I saw was they were voting on it.

    TEHAN: So they are going to now go ahead? So this is sort of –

    KARVELAS: So, you can still apparently do the inquiry even if the Bill’s passed.

    TEHAN: Right, okay. All right. Well, there’s obviously been a change in the approach that the government’s taking as we’re speaking.

    KARVELAS: Let me take you to first principles.

    TEHAN: Yes, let’s go back to the Bill itself. We obviously wanted it to go to an inquiry. And the main concerns that we have with this Bill is that the actions that it’s taking, especially with regards to the activity test, without expanding the number of places, and especially the number of places in regional and rural areas, will basically mean for those people who are working or wanting to work, trying to get access to child care will become harder. And so that is one of the concerns that we have.

    The second concern is that what we’ve seen with regards to costs under this government when it comes to child care is we’ve seen the costs go up by over 20 per cent. We’ve seen out-of-pocket expenses go up by over 10 per cent and nothing around this is addressing that issue, which obviously, with cost of living the number one issue, is of deep concern to us. So for those reasons and others is why we think that this Bill should have gone to a committee.

    KARVELAS: Anne Aly?

    ALY: Well, those figures are just wrong, Dan. The cost has come down. Out-of-pocket costs for families across Australia have come down. And in terms of access, yes, we know that access is one of those key areas of reform. That’s why we have a $1 billion Building Early Education Fund targeting those seats, those areas where there is no child – early childhood education or where there is little access to early childhood education and care.

    So, you know, you’re talking to a government that’s able to chew gum and walk at the same time. We’re very well aware of all the key pieces of reform that are necessary in early childhood education and care, and only our government has that vision to ensure that every child has access and every child has access to quality, affordable early learning.

    KARVELAS: I have to ask –

    TEHAN: Anne, I was just going to say, your track record, sadly, doesn’t show that to be the case. So – and the problem here is that what we’re going to see is basically working people having to compete with new entrants now, and that’s going to cause even more trouble for you.

    KARVELAS: Now, Dan Tehan, I just have to ask you, just to you before we say goodbye – we’ve had a great conversation; it might be the last day of the Parliament of this term. We don’t know. But it’s –

    ALY: Don’t know.

    KARVELAS: Well, you don’t know. We don’t know. So, it’s rather – we’re all on the edge of our seats. But I do have to ask you about – you’re a former Trade Minister as well. You’ve had a few hats, so you’re very helpful here. Was Australia so desperate to hang on to our tariff exemption with the US that we agreed to unofficial quotas?

    TEHAN: No. No.

    KARVELAS: Well, hang on a minute. That’s been reported that that’s what we agreed to. That’s what the US Government thinks.

    TEHAN: So the arrangement was very clear. We were given an exemption, and obviously the US said to us that we wouldn’t want to see you exploit that exemption. And we had no intention of trying to exploit that exemption. The majority of our aluminium exports actually go into Asia, and that’s been a longstanding market for us.

    KARVELAS: But did we agree to these, essentially, quotas that we didn’t publicise?

    TEHAN: No, there was no – no, there was no quotas that weren’t publicised. So –

    KARVELAS: But it was agreed to then?

    TEHAN: Well, the idea – well, after the exemption, what the US wanted to make sure was all of a sudden our exports didn’t go from 10 per cent to 90 per cent. And obviously given that we were given an exemption we said that of course we’re going to make sure that that isn’t exploited, and it was never going to be exploited because the majority of our aluminium goes into our markets in the – in Asia.

    KARVELAS: So that agreement, shouldn’t we know – shouldn’t we have known about it? Shouldn’t you have told the public? Because we didn’t know about it till now.

    TEHAN: Well, it’s – there was no official agreement to tell the public about. I mean, the key thing here and the key thing that I would say to the Albanese Labor government is we worked very hard to be able to put an exemption in place which meant that our aluminium smelters here continued to be profitable and continued to be able to export aluminium into Asia, into the US.

    KARVELAS: Okay.

    TEHAN: My hope is that this government will be able to do exactly the same thing.

    KARVELAS: Anne Aly?

    ALY: Well, I think we’ve already proven as a government that we have the capacity, and we do the necessary actions to rebuild our international standing and rebuild our standing in terms of trade as well as diplomatic efforts, and I think the Australian people can be confident that this is a government that can, you know, deal with these issues. And in a transparent way.

    TEHAN: And we hope so, yes.

    KARVELAS: Well, the country hopes so. Thank you to both of you.

    TEHAN: Pleasure.

    KARVELAS: It’s been a good discussion.

    ALY: Thanks, Patricia.

    MIL OSI News –

  • MIL-OSI China: Putin, Trump may meet before end of February: Kremlin

    Source: China State Council Information Office

    Russian President Vladimir Putin and U.S. President Donald Trump could meet as early as this month, Kremlin Spokesman Dmitry Peskov said Wednesday.

    “The Western media write a lot, our media write a lot … Maybe, or maybe not,” said Peskov when asked whether Putin and Trump could meet before the end of February.

    The meeting would require some preparation from the Russian foreign ministry, he said.

    Russian and U.S. officials held talks on Tuesday in Riyadh, Saudi Arabia.

    MIL OSI China News –

  • MIL-OSI China: Egyptian, Chinese firms ink protocol to build Egypt’s 1st ultrasound device factory

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

    Egyptian, Chinese firms ink protocol to build Egypt’s 1st ultrasound device factory

    CAIRO, Feb. 19 — Egyptian company Tatweer Medical Industries and Chinese medical devices and solutions supplier Mindray signed Wednesday a cooperation protocol to set up Egypt’s first ultrasound device manufacturing plant, the Egyptian Ministry of Health and Population said in a statement.

    Egypt’s Deputy Prime Minister and Minister of Health and Population Khaled Abdel-Ghaffar, who attended the signing ceremony, stressed the protocol’s importance “in bolstering local medical industries, meeting the needs of the Egyptian health sector of advanced medical equipment, achieving self-sufficiency, and reducing import dependency,” read the statement.

    The minister said that the first locally made devices will be manufactured and launched in April and that the factory is expected to produce 2,500 devices annually.

    He noted the ministry will offer all necessary facilitations to ensure the success of the project, attract investment in Egypt’s health sector, and encourage global companies to transfer medical device manufacturing technology to Egypt, according to the statement.

    MIL OSI China News –

  • MIL-OSI USA: Fischer Questions Experts on National Security Risks and U.S. Spectrum Policy

    US Senate News:

    Source: United States Senator for Nebraska Deb Fischer

    At a Senate Commerce Committee hearing today, U.S. Senator Deb Fischer (R-Neb.) questioned experts about the congressional push to auction off critical U.S. spectrum currently utilized by the Department of Defense. She urged her colleagues to reject attempts to include hastily drafted and short-sighted language in an upcoming reconciliation bill, citing the critical role that the sought-after airwaves play in safeguarding our national defense.

    In her remarks, Senator Fischer mentioned more practical solutions such as sharing the valuable airwaves with commercial stakeholders instead of an outright clearing of the spectrum for private exclusive use, an outcome sought by carriers and their allies.

    During the hearing, Senator Fischer asked Bryan Clark, a senior fellow and director at the Hudson Institute, about the harm to our military capabilities if the Department of Defense is excluded from the process, risking permanent loss of the Department’s airwaves and its ability to protect our country.

    She also asked about misleading influences from foreign adversaries like China in pressuring the U.S. government to auction off exclusive mid-band spectrum that are essential to our national security missions—ultimately, disarming the United States.

    Click the image above to watch a video of Sen. Fischer’s questioning

    Click here to download audio

    Click here to download video


    Senator Fischer questions experts:

    Senator Fischer:     Thank you, Mr. Chairman, and I thank the panel for being here today. We know the context of this hearing is about whether and how to use spectrum in a reconciliation bill. One key focus I’m hearing is on revenues from the new spectrum pipeline that’s only for exclusive commercial use. I want to stress for my colleagues that we must also weigh the cost and the timelines to relocate existing users for this type of pipeline.

    The Department of Defense is one of the users, with missile defense radars and satellite constellations providing critical capabilities. DoD losing access to its spectrum bans entirely, which is what vacating or clearing spectrum means, comes with huge risks and will end up costing us more. Replacing national security systems, if that is even possible, would cost hundreds of billions of dollars, and we all know it would take decades to be able to finish. So, a pipeline estimated to raise, by CBO, based on current proposals, between 10 and 15 billion dollars in a 10-year budget window may actually take 20 years to transition.

    I agree there are technologies that could make sharing spectrum possible. The DoD must have a seat at the table when its spectrum bands are studied and tested, otherwise we lose them. We risk losing access to this finite resource forever. Mr. Clark, what specific military capabilities could we lose if lawmakers on this committee do not fully consider these realities before pressing ahead?

    Mr. Clark: Well, Senator, I think you know, the key capability would be sensing technologies needed for air and missile defense. So, in the lower S-Band, lower X-Band…

    Senator Fischer: Could you explain what S- and X- Band are?

    Mr. Clark: Right. The lower part of the three gigahertz range in the S-Band is really important for air missile defense because it gives you that combination of resolution and range that allows a radar to be pretty effective at tracking incoming targets. And then we need radars that operate up in the X-Band, which is the eight to 12 gigahertz range, but the lower part of that generally, to be able to differentiate small targets and be able to target them and be able to direct an interceptor like a Patriot missile to go hit them and shoot them down.

    Senator Fischer: So we have to see them and identify them.

    Mr. Clark: Right. So, you need to both see them and then target them and track them. And that requires essentially two different sensor technologies to be either combined in the same radar or be in different radars. That’s how the Patriot system works. That’s how the Aegis system works that the Navy has. So, if we were to relocate out of those parts of the spectrum, you’ll lose the physics that allows those sensors to work effectively, and we’d have to either have more sensors or come up with a different approach. So that’s why sharing might be an effective alternative, but relocating them entirely may not be feasible because of the physics.

    Senator Fischer: You know, Mr. Clark, I have concerns about the role that China has played in influencing our spectrum policy in this country. We’re being told that we have to keep up with China, that they have far more mid-band spectrum available, that their carriers can use the lower three for mobile networks, and that there have been no negative impacts to China’s national security.

    Well, you know, in reality, China only has 10 more megahertz of mid-band spectrum available for mobile networks. China also recently imposed restrictions in its lower three band, limiting commercial access to low power, indoor use. And yet, we still hear the China comparison from carriers in their effort to gain exclusive use of these bands, which are needed for our radar systems. If the U.S. blinds its radars purely for economic reasons, that only helps foreign adversaries like China. Do you share my concerns?

    Mr. Clark: I do. I think China could be playing a very sophisticated game here where they’re looking to get us to vacate parts of the spectrum that we need for our military sensors, while they retain that access. And so, we unilaterally disarm while they’re able to retain their capabilities. Because, as I said before, they have the ability to move commercial users out of the spectrum basically whenever they need to for their routine government purposes.

    Senator Fischer: Thank you. Mr. Chairman, I would like to submit some questions for the record to Mr. Clark about spectrum management, and how that also impacts what we’re talking about today. Thank you.

    MIL OSI USA News –

  • MIL-OSI USA: Tuberville, Budd Call for Inquiry Into Chinese AI Application on Pentagon Devices

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville

    DNI’s 2024 Annual Threat Assessment rates China as “most active and persistent threat” to U.S. government

    WASHINGTON – U.S. Senator Tommy Tuberville (R-AL) joined U.S. Senator Ted Budd (R-NC) in requesting information from the Pentagon about how many of its employees have used their government devices to access DeepSeek, a Chinese AI application. In a letter to Acting Chief Information Officer at the Department of Defense (DOD), Leslie A. Beavers, the senators also pressed for information surrounding potential cyber threats from the use of DeepSeek, and what practices are being implemented to prevent future cyber security risks.

    “We write to express our concern that Department of Defense (DOD) employees accessed the Chinese artificial intelligence application DeepSeek on their work devices and, as a result, Chinese servers,” wrote the senators.

    “It is also our understanding, based on the DoD’s Use of Mobile Applications 2023 report, that misuse of mobile applications on DoD personnel devices may not be simply a series of isolated incidents. While our immediate concern is to understand the impact of DoD employees’ access to DeepSeek on national security, we are also interested in understanding the DoD’s policy regarding mobile device applications to the end of ensuring we are diminishing cybersecurity risks associated with certain platforms,” they continued.

    Joining U.S. Senators Tuberville and Budd in sending the letter are U.S. Senators Eric Schmitt (R-MO) and Mark Kelly (D-AZ).

    Read full text of the letter below or here.

    “Dear Ms. Beavers,

    We write to express our concern that Department of Defense (DOD) employees accessed the Chinese artificial intelligence application DeepSeek on their work devices and, as a result, Chinese servers.

    We understand that the National Security Council (NSC) is currently reviewing the national security implications of DeepSeek and expect this will be an ongoing conversation between Congress, the NSC, and relevant agencies. However, in the immediate term, we request that the Department provide information regarding potential impacts to the Defense Information Systems Network (DISN) and the Department of Defense Information Network (DODIN) of the recent incident.

    The office of the Director of National Intelligence’s 2024 Annual Threat Assessment states that “China remains the most active and persistent cyber threat to the U.S. Government, private-sector and critical infrastructure networks”. This is evidenced by the recent Salt Typhoon Hack, a breach of at least eight U.S. telecommunications providers, among many other reports of cyberattacks originating from China.

    It is also our understanding, based on the DoD’s Use of Mobile Applications 2023 report, that misuse of mobile applications on DoD personnel devices may not be simply a series of isolated incidents. While our immediate concern is to understand the impact of DoD employees’ access to DeepSeek on national security, we are also interested in understanding the DoD’s policy regarding mobile device applications to the end of ensuring we are diminishing cybersecurity risks associated with certain platforms.

    Therefore, we request answers to the following questions by no later than March 4, 2025.

    • How many Department employees connected their work computers and/or mobile devices to Chinese servers via the DeepSeek Application?
    • Has the DeepSeek app now been deleted from all DoD devices? If not, what steps will you take to ensure the DeepSeek app is removed from all DoD devices?
    • What steps have been made to limit access on DoD devices to only those applications with a justified and approved need?
    • What is the Defense Information Systems Agency’s (DISA’s) initial assessment about whether Chinese servers were able to access and exfiltrate sensitive information due to Department personnel use of DeepSeek?
    • How has the use of the DeepSeek app by Department personnel impacted the operational and cybersecurity risks to the DISN as well as the DODIN?
    • What guidance or training has DISA shared with Department employees regarding accessing Chinese AI app DeepSeek or any other Chinese-affiliated app?
    • We understand that the Navy issued guidance against using open-source AI systems for official work. What guidance (if any) are the other services and/or the Department issuing to employees?
    • What is DISA’s process for assessing which networks, websites and or applications have a connection to the People’s Republic of China and what are DISA’s standard operating procedures when made aware of such a connection?
    • What action (if any) has been taken regarding the DoD employees who connected their work computers and/or mobile devices to Chinese servers via the DeepSeek Application?
    • Have all of the recommendations from Management Advisory: The DoD’s Use of Mobile Applications (Report No. DODIG-2023-041) been implemented? If not, why not?

    Thank you for your consideration and we look forward to hearing from you and working with the Department of Defense to keep our networks safe from persistent cyber threats.

    Sincerely,”

    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP, and Aging Committees.

    MIL OSI USA News –

  • MIL-OSI: PDF Solutions to Acquire secureWISE to Expand the Reach of its Semiconductor Manufacturing Data Platform

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., Feb. 19, 2025 (GLOBE NEWSWIRE) — PDF Solutions, Inc. (Nasdaq: PDFS) today announced it has entered into a definitive agreement to acquire secureWISE, LLC, the most widely used secure, remote connectivity solution in the semiconductor manufacturing equipment industry, from Telit IOT Solutions Inc.

    The secureWISE global network enables equipment manufacturers to bring up new equipment faster, provide operational support, and maximize the value derived from the equipment customers’ investments. It is currently used by over 100 equipment vendors to connect and control their tools located in over 190 semiconductor fabs and to manage the exchange of multiple petabytes of data annually.

    PDF Solutions empowers semiconductor companies to maximize their manufacturing effectiveness. The PDF Solutions platform breaks down data silos to enable engineers to uncover critical relationships across manufacturing and design, resulting in better process control, product screening, and equipment operations.

    As the semiconductor industry becomes more globally distributed, and as advanced devices rely on the integration of multiple chiplets into a single package, more collaboration and integration are required across the semiconductor industry. This collaboration needs to be executed securely with each participant controlling access to its intellectual property.

    Today, secureWISE customers have built applications on top of the secureWISE network to deliver equipment analytics. PDF Solutions expects the acquisition to accelerate equipment makers’ ability to derive value from equipment data by enabling them to leverage PDF Solutions’ Exensio analytics software.

    Beyond enabling equipment vendors to build equipment analytics at foundries, the acquisition of secureWISE is expected to dramatically expand the capability of PDF Solutions’ secure DEX OSAT network by allowing equipment makers, fab operators, and fabless companies to collaborate to optimize chip manufacturing and test.   

    “This acquisition extends PDF Solutions analytics for equipment makers and fabless to the factory manufacturing level, which allows them to generate value from AI,” said Dr. John Kibarian, President, CEO and co-founder of PDF Solutions. He continued, “We provide the leading analytics platform for semiconductor manufacturing, and with secureWISE, the PDF Solutions platform will also be able to help members of the semiconductor ecosystem collaborate through a secure, direct connection and control the manufacturing process down to the production equipment.”

    Mike Dempsey, Vice President of secureWISE LLC, said, “We believe PDF Solutions is the ideal partner to accelerate secureWISE’s evolution, ensuring we remain at the forefront of industry trends and ahead of our customers’ needs. This acquisition will strengthen our ability to anticipate, pioneer, and integrate a far richer suite of security, collaboration, and analytics capabilities into our platform. As data exchange and collaboration become increasingly relevant to the semiconductor industry, this acquisition will better position secureWISE to deliver maximum long-term benefit to its customers who have invested in our platform.”

    Under the terms of the definitive agreement, PDF Solutions will pay a cash amount of $130.0 million, subject to customary purchase price adjustments. The purchase price will be funded by a combination of cash on hand and $70M of new bank debt. The acquisition is subject to certain closing conditions and is expected to close in the first calendar quarter of 2025.

    TD Securities (USA) LLC acted as financial advisor and Latham & Watkins LLP acted as legal advisor to PDF Solutions.

    Updated Financial Outlook

    John Kibarian, CEO and President of PDF Solutions, said, “Assuming the transaction closes in the first quarter of 2025, and with purchase accounting adjustments, we would expect to achieve a full year 2025 revenue growth rate between 21% to 23% on year-over-year basis. Given that, we also expect to achieve 2025 gross margin in line with our corporate gross margin, our target model 20% operating margin, and for EPS to be slightly accretive.”

    Conference Call

    PDF Solutions will discuss this announcement on a live conference call beginning at 3:00 p.m. Pacific Time / 6:00 p.m. Eastern Time today. To participate in the live call, analysts and investors should pre-register at: https://register.vevent.com/register/BI9abfc7eadb2245c5ba00c59922fe6c87.

    Registrants will receive dial-in information and a unique passcode to access the call. We encourage participants to dial into the call ten minutes ahead of the scheduled time. The teleconference will also be webcast simultaneously on the Company’s website at https://ir.pdf.com/webcasts. A replay of the conference call webcast will be available after the call on the Company’s investor relations website. A copy of this press release will also be available on PDF Solutions’ website at News & PR Archives – PDF Solutions following the date of this release.

    Forward-Looking Statements

    The statements in this press release regarding the expected future financial results, benefits and synergies of the secureWISE acquisition on PDF Solution’s product offerings, and the expected closing of the secureWISE acquisition are forward looking and are subject to future events and circumstances. Actual results could differ materially from those expressed in these forward-looking statements. Risks and uncertainties that could cause results to differ materially include risks associated with: uncertainties with respect to the timing of the closing of the proposed transaction, including when and whether all conditions to closing will be satisfied; the failure of expected benefits from the proposed transaction to be realized or to be realized within the expected time period; uncertainties with respect to the future performance of secureWISE following an acquisition by PDF Solutions; PDF Solution’s ability to integrate secureWISE and its product and service offerings, the cost and schedule of new product development; continued adoption of the PDF Solution’s and secureWISE’s solutions by new and existing customers; the fact that operating costs and business disruption may be greater than expected following the public announcement or consummation of the proposed transaction; potential adverse reactions or changes to business or employee relationships, including those resulting from the public announcement or consummation of the proposed transaction; the incurrence of significant transaction costs related to the proposed transaction; unknown or understated liabilities of secureWISE; and other risks set forth in PDF Solutions’ periodic public filings with the Securities and Exchange Commission, including, without limitation, its Annual Reports on Form 10-K, most recently filed for the year ended December 31, 2023, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K and amendments to such reports. The forward-looking statements made herein are made as of the date hereof, and PDF Solutions does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements.

    About PDF Solutions 

    PDF Solutions (Nasdaq: PDFS) provides comprehensive data solutions designed to empower organizations across the semiconductor and electronics industry ecosystem to improve the yield and quality of their products and operational efficiency for increased profitability. The Company’s products and services are used by Fortune 500 companies across the semiconductor and electronics ecosystem to achieve smart manufacturing goals by connecting and controlling equipment, collecting data generated during manufacturing and test operations, and performing advanced analytics and machine learning to enable profitable, high-volume manufacturing. 

    Founded in 1991, PDF Solutions is headquartered in Santa Clara, California, with operations across North America, Europe, and Asia. The Company (directly or through one or more subsidiaries) is an active member of SEMI, INEMI, TPCA, IPC, the OPC Foundation, and DMDII. For the latest news and information about PDF Solutions or to find office locations, visit https://www.pdf.com. 

    Headquartered in Santa Clara, California, PDF Solutions also operates worldwide in Canada, China, France, Germany, Italy, Japan, Korea, Sweden, and Taiwan. For the Company’s latest news and information, visit https://www.pdf.com. 

    About secureWISE 

    The secureWISE platform enables secure and controlled remote connectivity, collaboration and service enablement in the semiconductor industry. The secureWISE suite of products and services is designed to give OEM suppliers role-based, real-time and on-demand access to their equipment that is installed at the production facilities of their customers, to deliver valuable operational insights, mission-critical performance, substantial time and cost savings, and new service revenue opportunities. As the only remote access tool built around the ISMI guidelines, secureWISE is installed in over 90% of the world’s 300mm semiconductor fabs and also numerous solar and chemical plants across the globe. https://www.telit.com/iot-platforms-overview/telit-securewise/ 

    PDF Solutions and the PDF Solutions logo are trademarks or registered trademarks of PDF Solutions, Inc. and/or its subsidiaries in the United States and other countries. Other trademarks used herein are the property of their owners. 

    Company Contacts:      
    Adnan Raza    Sonia Segovia 
    Chief Financial Officer    Investor Relations 
    Tel: (408) 516-0237    Tel: (408) 938-6491 
    Email: adnan.raza@pdf.com   Email: sonia.segovia@pdf.com 

    The MIL Network –

  • MIL-OSI: Ansys Announces Q4 and FY 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    / Q4 2024 Results

    • Revenue of $882.2 million
    • GAAP diluted earnings per share of $3.21 and non-GAAP diluted earnings per share of $4.44
    • GAAP operating profit margin of 40.3% and non-GAAP operating profit margin of 53.3%
    • Operating cash flows of $258.0 million and unlevered operating cash flows of $266.8 million
    • Annual contract value (ACV) of $1,094.6 million

    /FY 2024 Results

    • Revenue of $2,544.8 million
    • GAAP diluted earnings per share of $6.55 and non-GAAP diluted earnings per share of $10.91
    • GAAP operating profit margin of 28.2% and non-GAAP operating profit margin of 45.7%
    • Operating cash flows of $795.7 million and unlevered operating cash flows of $834.6 million
    • ACV of $2,563.0 million
    • Deferred revenue and backlog of $1,718.3 million on December 31, 2024

    PITTSBURGH, Feb. 19, 2025 (GLOBE NEWSWIRE) — ANSYS, Inc. (NASDAQ: ANSS), today reported fourth quarter 2024 revenue of $882.2 million, an increase of 10% in reported currency, or 11% in constant currency, when compared to the fourth quarter of 2023. For FY 2024, revenue growth was 12% in reported currency, or 13% in constant currency, when compared to FY 2023. For the fourth quarter of 2024, the Company reported diluted earnings per share of $3.21 and $4.44 on a GAAP and non-GAAP basis, respectively, compared to $3.14 and $3.94 on a GAAP and non-GAAP basis, respectively, for the fourth quarter of 2023. For FY 2024, the Company reported diluted earnings per share of $6.55 and $10.91 on a GAAP and non-GAAP basis, respectively, compared to $5.73 and $8.80 on a GAAP and non-GAAP basis, respectively, for FY 2023. Additionally, the Company reported fourth quarter and FY 2024 ACV growth of 15% and 11% in reported currency, respectively, or 16% and 13% in constant currency, respectively, when compared to the fourth quarter and FY 2023. Fourth quarter 2024 ACV of $1.1 billion contributed 43% of the full year 2024 ACV while Q1, Q2 and Q3 each contributed 16%, 20% and 21%, respectively. The Company expects double-digit FY 2025 ACV growth.

    As previously announced, on January 15, 2024, Ansys entered into a definitive agreement with Synopsys, Inc. (“Synopsys”) under which Synopsys will acquire Ansys. As previously announced by Synopsys, Ansys and Synopsys have received conditional clearance from the European Commission. The U.K. Competition and Markets Authority provisionally accepted our remedies towards a transaction approval in Phase 1. The State Administration for Market Regulation of the People’s Republic of China has officially accepted our filing, and its review of the proposed transaction is in process. We continue to work with the regulators in other relevant jurisdictions to conclude their reviews. The transaction is anticipated to close in the first half of 2025, subject to the receipt of required regulatory approvals and other customary closing conditions. As previously announced, in light of the pending transaction with Synopsys, Ansys has suspended quarterly earnings conference calls and no longer provides quarterly or annual guidance.

    The non-GAAP financial results highlighted represent non-GAAP financial measures. Reconciliations of these measures to the comparable GAAP measures can be found later in this release.
     

    / Summary of Financial Results

    Ansys’ fourth quarter and fiscal year (FY) 2024 and 2023 financial results are presented below. The 2024 and 2023 non-GAAP results exclude the income statement effects of stock-based compensation, excess payroll taxes related to stock-based compensation, amortization of acquired intangible assets, expenses related to business combinations and adjustments for the income tax effect of the excluded items.

    Our results are as follows:

      GAAP
    (in thousands, except per share data and percentages) Q4 QTD
    2024    		   Q4 QTD
    2023    		   % Change   FY
    2024    		   FY
    2023    		   % Change
    Revenue $ 882,174     $ 805,108     9.6 %   $ 2,544,809     $ 2,269,949     12.1 %
    Net income $ 282,688     $ 274,762     2.9 %   $ 575,692     $ 500,412     15.0 %
    Diluted earnings per share $ 3.21     $ 3.14     2.2 %   $ 6.55     $ 5.73     14.3 %
    Gross margin   91.8 %     91.3 %         89.0 %     88.0 %    
    Operating profit margin   40.3 %     41.4 %         28.2 %     27.6 %    
    Effective tax rate   21.3 %     15.4 %         19.8 %     15.5 %    
                                           
      Non-GAAP
    (in thousands, except per share data and percentages) Q4 QTD
    2024    		   Q4 QTD
    2023    		   % Change   FY
    2024    		   FY
    2023    		   % Change
    Net income $ 391,044     $ 345,317     13.2 %   $ 959,252     $ 769,308     24.7 %
    Diluted earnings per share $ 4.44     $ 3.94     12.7 %   $ 10.91     $ 8.80     24.0 %
    Gross margin   94.6 %     94.3 %         93.1 %     92.2 %    
    Operating profit margin   53.3 %     53.0 %         45.7 %     42.6 %    
    Effective tax rate   17.5 %     17.5 %         17.5 %     17.5 %    
                                           
      Other Metrics
    (in thousands, except percentages) Q4 QTD
    2024    		   Q4 QTD
    2023    		   % Change   FY
    2024    		   FY
    2023    		   % Change
    ACV $   1,094,552   $   955,161   14.6 %   $ 2,563,029   $ 2,300,466   11.4 %
    Operating cash flows $   257,973   $   232,722   10.9 %   $    795,740   $    717,122   11.0 %
    Unlevered operating cash flows $   266,777   $   242,848   9.9 %   $    834,582   $    755,129   10.5 %
                                       

    / Key Long-Term Metrics

    The Company’s long-term outlook covering the years 2022 through 2025 provided at the 2022 Investor Update has been suspended given the pending transaction with Synopsys. Below is a summary of key metrics covering the years 2022 through 2024.

    • Consistent double-digit ACV growth with a 2022 through 2024 CAGR of 12.3% at actual exchange rates and 13.0% at 2022 exchange rates.
    • Unlevered operating cash flows grew faster than ACV with a 2022 through 2024 CAGR of 13.5%.
    • With FY 2024 unlevered operating cash flows of $834.6 million, cumulative 3-year unlevered operating cash flows (FY 2022 to 2024) are $2.2 billion.
    • Note: 2024 unlevered operating cash flows includes $28.2 million of cash outflows primarily associated with the pending transaction with Synopsys.
    Supplemental Financial Information

    / Annual Contract Value

    (in thousands, except percentages) Q4 QTD
    2024    		   Q4 QTD 2024 in Constant Currency   Q4 QTD
    2023    		   % Change   % Change in
    Constant Currency
    ACV $    1,094,552   $      1,110,711   $        955,161   14.6 %   16.3 %
                       
    (in thousands, except percentages) FY
    2024    		   FY 2024 in
    Constant Currency    		   FY
    2023    		   % Change   % Change in
    Constant Currency
    ACV $    2,563,029   $      2,593,819   $    2,300,466   11.4 %   12.8 %
                                 

    *Subscription lease ACV includes the bundled arrangement of time-based licenses with related maintenance.
    **Perpetual and service ACV includes perpetual licenses, with related maintenance, and services.

    Recurring ACV includes both subscription lease ACV and all maintenance ACV (including maintenance from perpetual licenses). It excludes perpetual license ACV and service ACV.

      

    / Revenue

    (in thousands, except percentages) Q4 QTD
    2024    		   Q4 QTD 2024 in Constant Currency   Q4 QTD
    2023    		   % Change   % Change in
    Constant Currency
    Revenue $        882,174   $         893,996   $        805,108   9.6 %   11.0 %
                       
    (in thousands, except percentages) FY
    2024    		   FY 2024 in
    Constant Currency    		   FY
    2023    		   % Change   % Change in
    Constant Currency
    Revenue $    2,544,809   $     2,570,207   $    2,269,949   12.1 %   13.2 %
                                 
    REVENUE BY LICENSE TYPE
                           
    (in thousands, except percentages) Q4 QTD
    2024    		   % of Total   Q4 QTD
    2023    		   % of Total   % Change   % Change in Constant Currency
    Subscription Lease $        441,120   50.0 %   $        399,556   49.6 %   10.4 %   12.1 %
    Perpetual            102,295   11.6 %              102,721   12.8 %   (0.4)%   1.7 %
    Maintenance1            319,381   36.2 %              283,130   35.2 %   12.8 %   13.8 %
    Service              19,378   2.2 %                19,701   2.4 %   (1.6)%   (1.2)%
    Total $        882,174       $        805,108       9.6 %   11.0 %
                           
                           
    (in thousands, except percentages) FY
    2024    		   % of Total   FY
    2023    		   % of Total   % Change   % Change in Constant Currency
    Subscription Lease $        948,831   37.3 %   $        786,050   34.6 %   20.7 %   22.1 %
    Perpetual            315,085   12.4 %              302,698   13.3 %   4.1 %   5.1 %
    Maintenance1         1,209,217   47.5 %           1,103,523   48.6 %   9.6 %   10.6 %
    Service              71,676   2.8 %                77,678   3.4 %   (7.7)%   (7.4)%
    Total $    2,544,809       $    2,269,949       12.1 %   13.2 %
                                   

    1Maintenance revenue is inclusive of both maintenance associated with perpetual licenses and the maintenance component of subscription leases.

    REVENUE BY GEOGRAPHY
                           
    (in thousands, except percentages) Q4 QTD
    2024    		   % of Total   Q4 QTD
    2023    		   % of Total   % Change   % Change in Constant Currency
    Americas $        457,752   51.9 %   $        410,681   51.0 %   11.5 %   11.5 %
                           
    Germany              98,527   11.2 %                81,828   10.2 %   20.4 %   24.2 %
    Other EMEA            170,541   19.3 %              155,023   19.3 %   10.0 %   12.2 %
    EMEA            269,068   30.5 %              236,851   29.4 %   13.6 %   16.3 %
                           
    Japan              52,294   5.9 %                61,243   7.6 %   (14.6)%   (11.1)%
    Other Asia-Pacific            103,060   11.7 %                96,333   12.0 %   7.0 %   10.1 %
    Asia-Pacific            155,354   17.6 %              157,576   19.6 %   (1.4)%   1.8 %
                           
    Total $        882,174       $        805,108       9.6 %   11.0 %
                           
                           
    (in thousands, except percentages) FY
    2024    		   % of Total   FY
    2023    		   % of Total   % Change   % Change in Constant Currency
    Americas $    1,297,367   51.0 %   $    1,106,242   48.7 %   17.3 %   17.3 %
                           
    Germany            209,714   8.2 %              199,068   8.8 %   5.3 %   6.6 %
    Other EMEA            445,791   17.5 %              406,719   17.9 %   9.6 %   9.8 %
    EMEA            655,505   25.8 %              605,787   26.7 %   8.2 %   8.8 %
                           
    Japan            184,547   7.3 %              203,013   8.9 %   (9.1)%   (2.1)%
    Other Asia-Pacific            407,390   16.0 %              354,907   15.6 %   14.8 %   16.9 %
    Asia-Pacific            591,937   23.3 %              557,920   24.6 %   6.1 %   10.0 %
                           
    Total $    2,544,809       $    2,269,949       12.1 %   13.2 %
                                   
    REVENUE BY CHANNEL
                   
      Q4 QTD
    2024    		   Q4 QTD
    2023    		   FY
    2024    		   FY
    2023
    Direct revenue, as a percentage of total revenue 79.7 %   74.5 %   75.2 %   73.9 %
    Indirect revenue, as a percentage of total revenue 20.3 %   25.5 %   24.8 %   26.1 %
                           

    / Deferred Revenue and Backlog

    (in thousands) December 31,
    2024    		   September 30,
    2024    		   December 31,
    2023    		   September 30,
    2023
    Current Deferred Revenue $            504,527   $            427,188   $            457,514   $            349,668
    Current Backlog                524,617                  475,604                  439,879                  424,547
    Total Current Deferred Revenue and Backlog            1,029,144                  902,792                  897,393                  774,215
                   
    Long-Term Deferred Revenue                  31,778                    24,150                    22,240                    20,765
    Long-Term Backlog                657,345                  536,855                  552,951                  410,697
    Total Long-Term Deferred Revenue and Backlog                689,123                  561,005                  575,191                  431,462
                   
    Total Deferred Revenue and Backlog $        1,718,267   $        1,463,797   $        1,472,584   $        1,205,677
                           

    / Currency

    The fourth quarter and FY 2024 revenue, operating income, ACV and deferred revenue and backlog, as compared to the fourth quarter and FY 2023, were impacted by fluctuations in the exchange rates of foreign currencies against the U.S. Dollar. The currency fluctuation impacts on revenue, GAAP and non-GAAP operating income, ACV, and deferred revenue and backlog based on 2023 exchange rates are reflected in the tables below. Amounts in brackets indicate an adverse impact from currency fluctuations.

    (in thousands) Q4 QTD
    2024    		   FY
    2024
    Revenue $       (11,822 )   $       (25,398 )
    GAAP operating income $          (9,057 )   $       (19,588 )
    Non-GAAP operating income $          (9,076 )   $       (19,335 )
    ACV $       (16,159 )   $       (30,790 )
    Deferred revenue and backlog $       (38,306 )   $       (40,993 )
                   

    The most meaningful currency impacts are typically attributable to U.S. Dollar exchange rate changes against the Euro and Japanese Yen. Historical exchange rates are reflected in the charts below.

      Period-End Exchange Rates
    As of EUR/USD   USD/JPY
    December 31, 2024                    1.04                       157
    December 31, 2023                    1.10                       141
    December 31, 2022                    1.07                       131
           
      Average Exchange Rates
    Three Months Ended EUR/USD   USD/JPY
    December 31, 2024                    1.07                       153
    December 31, 2023                    1.08                       148
           
      Average Exchange Rates
    Twelve Months Ended EUR/USD   USD/JPY
    December 31, 2024                    1.08                       151
    December 31, 2023                    1.08                       140
           

    / GAAP Financial Statements

    ANSYS, INC. AND SUBSIDIARIES
    Condensed Consolidated Balance Sheets
    (Unaudited)
    (in thousands) December 31, 2024   December 31, 2023
    ASSETS:      
    Cash & short-term investments $                      1,497,517   $                          860,390
    Accounts receivable, net                          1,022,850                                864,526
    Goodwill                          3,778,128                             3,805,874
    Other intangibles, net                              716,244                                835,417
    Other assets                          1,036,692                                956,668
    Total assets $                      8,051,431   $                      7,322,875
    LIABILITIES & STOCKHOLDERS’ EQUITY:      
    Current deferred revenue $                          504,527   $                          457,514
    Long-term debt                              754,208                                753,891
    Other liabilities                              706,256                                721,106
    Stockholders’ equity                          6,086,440                             5,390,364
    Total liabilities & stockholders’ equity $                      8,051,431   $                      7,322,875
               
    ANSYS, INC. AND SUBSIDIARIES
    Condensed Consolidated Statements of Income
    (Unaudited)
      Three Months Ended   Twelve Months Ended
    (in thousands, except per share data) December 31,
    2024    		   December 31,
    2023    		   December 31,
    2024    		   December 31,
    2023
    Revenue:              
    Software licenses $                   543,415     $                   502,277     $               1,263,916     $           1,088,748  
    Maintenance and service                       338,759                           302,831                        1,280,893                   1,181,201  
    Total revenue                       882,174                           805,108                        2,544,809                   2,269,949  
    Cost of sales:              
    Software licenses                         12,947                             10,909                             45,367                         40,004  
    Amortization                         21,801                             20,586                             88,560                         80,990  
    Maintenance and service                         37,940                             38,554                           145,892                       150,304  
    Total cost of sales                         72,688                             70,049                           279,819                       271,298  
    Gross profit                       809,486                           735,059                        2,264,990                   1,998,651  
    Operating expenses:              
    Selling, general and administrative                       314,009                           269,857                           995,340                       855,135  
    Research and development                       134,259                           126,288                           528,014                       494,869  
    Amortization                            5,623                                5,914                             23,748                         22,512  
    Total operating expenses                       453,891                           402,059                        1,547,102                   1,372,516  
    Operating income                       355,595                           333,000                           717,888                       626,135  
    Interest income                         14,636                                7,199                             51,131                         19,588  
    Interest expense                        (10,924 )                          (12,551 )                          (47,849 )                     (47,145 )
    Other expense, net                               (14 )                            (2,876 )                            (3,132 )                       (6,440 )
    Income before income tax provision                       359,293                           324,772                           718,038                       592,138  
    Income tax provision                         76,605                             50,010                           142,346                         91,726  
    Net income $                   282,688     $                   274,762     $                   575,692     $              500,412  
    Earnings per share – basic:              
    Earnings per share $                          3.23     $                          3.16     $                          6.59     $                     5.76  
    Weighted average shares                         87,455                             86,888                             87,313                         86,833  
    Earnings per share – diluted:              
    Earnings per share $                          3.21     $                          3.14     $                          6.55     $                     5.73  
    Weighted average shares                         88,137                             87,541                             87,895                         87,386  
                                   

    / Glossary of Terms

    Annual Contract Value (ACV): ACV is a key performance metric and is useful to investors in assessing the strength and trajectory of our business. ACV is a supplemental metric to help evaluate the annual performance of the business. Over the life of the contract, ACV equals the total value realized from a customer. ACV is not impacted by the timing of license revenue recognition. ACV is used by management in financial and operational decision-making and in setting sales targets used for compensation. ACV is not a replacement for, and should be viewed independently of, GAAP revenue and deferred revenue as ACV is a performance metric and is not intended to be combined with any of these items. There is no GAAP measure comparable to ACV. ACV is composed of the following:

    • the annualized value of maintenance and subscription lease contracts with start dates or anniversary dates during the period, plus
    • the value of perpetual license contracts with start dates during the period, plus
    • the annualized value of fixed-term services contracts with start dates or anniversary dates during the period, plus
    • the value of work performed during the period on fixed-deliverable services contracts.

    When we refer to the anniversary dates in the definition of ACV above, we are referencing the date of the beginning of the next twelve-month period in a contractually committed multi-year contract. If a contract is three years in duration, with a start date of July 1, 2024, the anniversary dates would be July 1, 2025 and July 1, 2026. We label these anniversary dates as they are contractually committed. While this contract would be up for renewal on July 1, 2027, our ACV performance metric does not assume any contract renewals.

    Example 1: For purposes of calculating ACV, a $100,000 subscription lease contract or a $100,000 maintenance contract with a term of July 1, 2024 – June 30, 2025, would each contribute $100,000 to ACV for fiscal year 2024 with no contribution to ACV for fiscal year 2025.

    Example 2: For purposes of calculating ACV, a $300,000 subscription lease contract or a $300,000 maintenance contract with a term of July 1, 2024 – June 30, 2027, would each contribute $100,000 to ACV in each of fiscal years 2024, 2025 and 2026. There would be no contribution to ACV for fiscal year 2027 as each period captures the full annual value upon the anniversary date.

    Example 3: A perpetual license valued at $200,000 with a contract start date of March 1, 2024 would contribute $200,000 to ACV in fiscal year 2024.

    Backlog: Deferred revenue associated with installment billings for periods beyond the current quarterly billing cycle and committed contracts with start dates beyond the end of the current period.

    Deferred Revenue: Billings made or payments received in advance of revenue recognition.

    Subscription Lease or Time-Based License: A license of a stated product of our software that is granted to a customer for use over a specified time period, which can be months or years in length. In addition to the use of the software, the customer is provided with access to maintenance (unspecified version upgrades and technical support) without additional charge. The revenue related to these contracts is recognized ratably over the contract period for the maintenance portion and up front for the license portion.

    Perpetual / Paid-Up License: A license of a stated product and version of our software that is granted to a customer for use in perpetuity. The revenue related to this type of license is recognized up front.

    Maintenance: A contract, typically one year in duration, that is purchased by the owner of a perpetual license and that provides access to unspecified version upgrades and technical support during the duration of the contract. The revenue from these contracts is recognized ratably over the contract period.

    / Reconciliations of GAAP to Non-GAAP Measures (Unaudited)

      Three Months Ended
      December 31, 2024
    (in thousands, except percentages and per share data) Gross Profit   % of Revenue   Operating Income   % of Revenue   Net Income   EPS – Diluted1
    Total GAAP $      809,486   91.8 %   $      355,595   40.3 %   $    282,688     $        3.21  
    Stock-based compensation expense               3,635   0.4 %              73,016   8.2 %             73,016                 0.83  
    Excess payroll taxes related to stock-based awards                     39   — %                1,272   0.2 %               1,272                 0.01  
    Amortization of intangible assets from acquisitions             21,801   2.4 %              27,424   3.1 %             27,424                 0.31  
    Expenses related to business combinations                     —   — %              12,988   1.5 %             12,988                 0.15  
    Adjustment for income tax effect                     —   — %                      —   — %             (6,344 )             (0.07 )
    Total non-GAAP $      834,961   94.6 %   $      470,295   53.3 %   $    391,044     $        4.44  
                                           

    1 Diluted weighted average shares were 88,137.

      Three Months Ended
      December 31, 2023
    (in thousands, except percentages and per share data) Gross Profit   % of Revenue   Operating Income   % of Revenue   Net Income   EPS – Diluted1
    Total GAAP $      735,059   91.3 %   $     333,000   41.4 %   $    274,762     $        3.14  
    Stock-based compensation expense               3,413   0.4 %              63,358   7.9 %             63,358                 0.73  
    Excess payroll taxes related to stock-based awards                       4   — %                   271   — %                  271                    —  
    Amortization of intangible assets from acquisitions             20,586   2.6 %              26,500   3.3 %             26,500                 0.30  
    Expenses related to business combinations                     —   — %                3,664   0.4 %               3,664                 0.04  
    Adjustment for income tax effect                     —   — %                      —   — %           (23,238 )             (0.27 )
    Total non-GAAP $      759,062   94.3 %   $     426,793   53.0 %   $    345,317     $        3.94  
                                           

    1 Diluted weighted average shares were 87,541.

      Twelve Months Ended
      December 31, 2024
    (in thousands, except percentages and per share data) Gross Profit   % of Revenue   Operating Income   % of Revenue   Net Income   EPS – Diluted1
    Total GAAP $   2,264,990   89.0 %   $     717,888   28.2 %   $    575,692     $        6.55  
    Stock-based compensation expense             14,313   0.6 %           270,900   10.7 %           270,900                 3.08  
    Excess payroll taxes related to stock-based awards                  506   — %                8,643   0.3 %               8,643                 0.10  
    Amortization of intangible assets from acquisitions             88,560   3.5 %           112,308   4.4 %           112,308                 1.28  
    Expenses related to business combinations                     —   — %             52,841   2.1 %             52,841                 0.60  
    Adjustment for income tax effect                     —   — %                      —   — %           (61,132 )             (0.70 )
    Total non-GAAP $   2,368,369   93.1 %   $ 1,162,580   45.7 %   $    959,252     $      10.91  
                                           

    1 Diluted weighted average shares were 87,895.

      Twelve Months Ended
      December 31, 2023
    (in thousands, except percentages and per share data) Gross Profit   % of Revenue   Operating Income   % of Revenue   Net Income   EPS – Diluted1
    Total GAAP $   1,998,651   88.0 %   $     626,135   27.6 %   $    500,412     $        5.73  
    Stock-based compensation expense             13,337   0.6 %           221,891   9.9 %           221,891                 2.54  
    Excess payroll taxes related to stock-based awards                  307   0.1 %                5,541   0.2 %               5,541                 0.06  
    Amortization of intangible assets from acquisitions             80,990   3.5 %           103,502   4.5 %           103,502                 1.18  
    Expenses related to business combinations                     —   — %                9,422   0.4 %               9,422                 0.11  
    Adjustment for income tax effect                     —   — %                      —   — %           (71,460 )             (0.82 )
    Total non-GAAP $   2,093,285   92.2 %   $     966,491   42.6 %   $    769,308     $        8.80  
                                           

    1 Diluted weighted average shares were 87,386.

      Three Months Ended   Twelve Months Ended
    (in thousands) December 31,
    2024    		   December 31,
    2023    		   December 31,
    2024    		   December 31,
    2023    		   December 31,
    2022
    Net cash provided by operating activities $            257,973     $            232,722     $            795,740     $            717,122     $            631,003  
    Cash paid for interest                  10,671                      12,274                      47,081                      46,069                      20,844  
    Tax benefit                   (1,867 )                     (2,148 )                     (8,239 )                     (8,062 )                     (3,752 )
    Unlevered operating cash flows $            266,777     $            242,848     $            834,582     $            755,129     $            648,095  
                                           

    / Use of Non-GAAP Measures

    We provide non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP operating income, non-GAAP operating profit margin, non-GAAP net income, non-GAAP diluted earnings per share and unlevered operating cash flows as supplemental measures to GAAP regarding our operational performance. These financial measures exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. A detailed explanation of each of the adjustments to these financial measures is described below. This press release also contains a reconciliation of each of these non-GAAP financial measures to its most comparable GAAP financial measure, as applicable.

    We use non-GAAP financial measures (a) to evaluate our historical and prospective financial performance as well as our performance relative to our competitors, (b) to set internal sales targets and spending budgets, (c) to allocate resources, (d) to measure operational profitability and the accuracy of forecasting, (e) to assess financial discipline over operational expenditures and (f) as an important factor in determining variable compensation for management and employees. In addition, many financial analysts that follow us focus on and publish both historical results and future projections based on non-GAAP financial measures. We believe that it is in the best interest of our investors to provide this information to analysts so that they accurately report the non-GAAP financial information. Moreover, investors have historically requested, and we have historically reported, these non-GAAP financial measures as a means of providing consistent and comparable information with past reports of financial results.

    While we believe that these non-GAAP financial measures provide useful supplemental information to investors, there are limitations associated with the use of these non-GAAP financial measures. These non-GAAP financial measures are not prepared in accordance with GAAP, are not reported by all our competitors and may not be directly comparable to similarly titled measures of our competitors due to potential differences in the exact method of calculation. We compensate for these limitations by using these non-GAAP financial measures as supplements to GAAP financial measures and by reviewing the reconciliations of the non-GAAP financial measures to their most comparable GAAP financial measures.

    The adjustments to these non-GAAP financial measures, and the basis for such adjustments, are outlined below:

    Amortization of intangible assets from acquisitions. We incur amortization of intangible assets, included in our GAAP presentation of amortization expense, related to various acquisitions we have made. We exclude these expenses for the purpose of calculating non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP operating income, non-GAAP operating profit margin, non-GAAP net income and non-GAAP diluted earnings per share when we evaluate our continuing operational performance because these costs are fixed at the time of an acquisition, are then amortized over a period of several years after the acquisition and generally cannot be changed or influenced by us after the acquisition. Accordingly, we do not consider these expenses for purposes of evaluating our performance during the applicable time period after the acquisition, and we exclude such expenses when making decisions to allocate resources. We believe that these non-GAAP financial measures are useful to investors because they allow investors to (a) evaluate the effectiveness of the methodology and information used by us in our financial and operational decision-making, and (b) compare our past reports of financial results as we have historically reported these non-GAAP financial measures.

    Stock-based compensation expense. We incur expense related to stock-based compensation included in our GAAP presentation of cost of maintenance and service; research and development expense; and selling, general and administrative expense. We also incur excess payroll tax expense related to stock-based compensation, which is an additional non-GAAP adjustment. Although stock-based compensation is an expense and viewed as a form of compensation, we exclude these expenses for the purpose of calculating non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP operating income, non-GAAP operating profit margin, non-GAAP net income and non-GAAP diluted earnings per share when we evaluate our continuing operational performance. Specifically, we exclude stock-based compensation during our annual budgeting process and our quarterly and annual assessments of our performance. The annual budgeting process is the primary mechanism whereby we allocate resources to various initiatives and operational requirements. Additionally, the annual review by our Board of Directors during which it compares our historical business model and profitability to the planned business model and profitability for the forthcoming year excludes the impact of stock-based compensation. In evaluating the performance of our senior management and department managers, charges related to stock-based compensation are excluded from expenditure and profitability results. In fact, we record stock-based compensation expense into a stand-alone cost center for which no single operational manager is responsible or accountable. In this way, we can review, on a period-to-period basis, each manager’s performance and assess financial discipline over operational expenditures without the effect of stock-based compensation. We believe that these non-GAAP financial measures are useful to investors because they allow investors to (a) evaluate our operating results and the effectiveness of the methodology used by us to review our operating results, and (b) review historical comparability in our financial reporting as well as comparability with competitors’ operating results.

    Expenses related to business combinations. We incur expenses for professional services rendered in connection with acquisitions and divestitures, which are included in our GAAP presentation of selling, general and administrative expense. We also incur other expenses directly related to business combinations, including compensation expenses and concurrent restructuring activities, such as employee severances and other exit costs. These costs are included in our GAAP presentation of selling, general and administrative and research and development expenses. We exclude these acquisition-related expenses for the purpose of calculating non-GAAP operating income, non-GAAP operating profit margin, non-GAAP net income and non-GAAP diluted earnings per share when we evaluate our continuing operational performance, as we generally would not have otherwise incurred these expenses in the periods presented as a part of our operations. We believe that these non-GAAP financial measures are useful to investors because they allow investors to (a) evaluate our operating results and the effectiveness of the methodology used by us to review our operating results, and (b) review historical comparability in our financial reporting as well as comparability with competitors’ operating results.

    Non-GAAP tax provision. We utilize a normalized non-GAAP annual effective tax rate (AETR) to calculate non-GAAP measures. This methodology provides better consistency across interim reporting periods by eliminating the effects of non-recurring items and aligning the non-GAAP tax rate with our expected geographic earnings mix. To project this rate, we analyzed our historic and projected non-GAAP earnings mix by geography along with other factors such as our current tax structure, recurring tax credits and incentives, and expected tax positions. On an annual basis we re-evaluate and update this rate for significant items that may materially affect our projections.

    Unlevered operating cash flows. We make cash payments for the interest incurred in connection with our debt financing which are included in our GAAP presentation of operating cash flows. We exclude this cash paid for interest, net of the associated tax benefit, for the purpose of calculating unlevered operating cash flows. Unlevered operating cash flow is a supplemental non-GAAP measure that we use to evaluate our core operating business. We believe this measure is useful to investors and management because it provides a measure of our cash generated through operating activities independent of the capital structure of the business.

    Non-GAAP financial measures are not in accordance with, or an alternative for, GAAP. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP.

    We have provided a reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures as listed below:

    GAAP Reporting Measure Non-GAAP Reporting Measure
    Gross Profit Non-GAAP Gross Profit
    Gross Profit Margin Non-GAAP Gross Profit Margin
    Operating Income Non-GAAP Operating Income
    Operating Profit Margin Non-GAAP Operating Profit Margin
    Net Income Non-GAAP Net Income
    Diluted Earnings Per Share Non-GAAP Diluted Earnings Per Share
    Operating Cash Flows Unlevered Operating Cash Flows
       

    Constant currency. In addition to the non-GAAP financial measures detailed above, we use constant currency results for financial and operational decision-making and as a means to evaluate period-to-period comparisons by excluding the effects of foreign currency fluctuations on the reported results. To present this information, the 2024 period results for entities whose functional currency is a currency other than the U.S. Dollar were converted to U.S. Dollars at rates that were in effect for the 2023 comparable period, rather than the actual exchange rates in effect for 2024. Constant currency growth rates are calculated by adjusting the 2024 period reported amounts by the 2024 currency fluctuation impacts and comparing the adjusted amounts to the 2023 comparable period reported amounts. We believe that these non-GAAP financial measures are useful to investors because they allow investors to (a) evaluate the effectiveness of the methodology and information used by us in our financial and operational decision-making, and (b) compare our reported results to our past reports of financial results without the effects of foreign currency fluctuations.

    / About Ansys

    Our Mission: Powering Innovation that Drives Human Advancement™

    When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.

    / Forward-Looking Information

    This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are statements that provide current expectations or forecasts of future events based on certain assumptions. Forward-looking statements are subject to risks, uncertainties, and factors relating to our business which could cause our actual results to differ materially from the expectations expressed in or implied by such forward-looking statements.

    Forward-looking statements use words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “may,” “outlook,” “plan,” “predict,” “project,” “should,” “target,” or other words of similar meaning. Forward-looking statements include those about market opportunity, including our total addressable market, the proposed transaction with Synopsys, including the expected date of closing and the potential benefits thereof, and other aspects of future operations. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

    The risks associated with the following, among others, could cause actual results to differ materially from those described in any forward-looking statements:

    • our ability to complete the proposed transaction with Synopsys on anticipated terms and timing, including completing the associated divestiture of our PowerArtist RTL business and obtaining regulatory approvals, and other conditions related to the completion of the transaction with Synopsys;
       
    • the realization of the anticipated benefits of the proposed transaction with Synopsys, including potential disruptions to our and Synopsys’ businesses and commercial relationships with others resulting from the announcement, pendency, or completion of the proposed transaction and uncertainty as to the long-term value of Synopsys’ common stock;
       
    • restrictions on our operations during the pendency of the proposed transaction with Synopsys that could impact our ability to pursue certain business opportunities or strategic transactions, including tuck-in M&A;
       
    • adverse conditions in the macroeconomic environment, including inflation, recessionary conditions and volatility in equity and foreign exchange markets;
       
    • political, economic and regulatory uncertainties in the countries and regions in which we operate;
       
    • impacts from tariffs, trade sanctions, export controls or other trade barriers, including export control restrictions and licensing requirements for exports to China;
       
    • impacts resulting from the conflict between Israel and Hamas and other countries and groups in the Middle East, including impacts from changes to diplomatic relations and trade policy between the United States and other countries resulting from the conflict;
       
    • impacts from changes to diplomatic relations and trade policy between the United States and Russia or between the United States and other countries that may support Russia or take similar actions due to the conflict between Russia and Ukraine;
       
    • constrained credit and liquidity due to disruptions in the global economy and financial markets, which may limit or delay availability of credit under our existing or new credit facilities, or which may limit our ability to obtain credit or financing on acceptable terms or at all;
       
    • our ability to timely recruit and retain key personnel in a highly competitive labor market, including potential financial impacts of wage inflation and potential impacts due to the proposed transaction with Synopsys;
       
    • our ability to protect our proprietary technology; cybersecurity threats or other security breaches, including in relation to breaches occurring through our products and an increased level of our activity that is occurring from remote global off-site locations; and disclosure or misuse of employee or customer data whether as a result of a cybersecurity incident or otherwise;
       
    • volatility in our revenue due to the timing, duration and value of multi-year subscription lease contracts; and our reliance on high renewal rates for annual subscription lease and maintenance contracts;
       
    • declines in our customers’ businesses resulting in adverse changes in procurement patterns; disruptions in accounts receivable and cash flow due to customers’ liquidity challenges and commercial deterioration; uncertainties regarding demand for our products and services in the future and our customers’ acceptance of new products; delays or declines in anticipated sales due to reduced or altered sales and marketing interactions with customers; and potential variations in our sales forecast compared to actual sales;
       
    • our ability and our channel partners’ ability to comply with laws and regulations in relevant jurisdictions; and the outcome of contingencies, including legal proceedings, government or regulatory investigations and tax audit cases;
       
    • uncertainty regarding income tax estimates in the jurisdictions in which we operate; and the effect of changes in tax laws and regulations in the jurisdictions in which we operate;
       
    • the quality of our products, including the strength of features, functionality and integrated multiphysics capabilities; our ability to develop and market new products to address the industry’s rapidly changing technology, including the use of artificial intelligence and machine learning in our products as well as the products of our competitors; failures or errors in our products and services; and increased pricing pressure as a result of the competitive environment in which we operate;
       
    • investments in complementary companies, products, services and technologies; our ability to complete and successfully integrate our acquisitions and realize the financial and business benefits of such transactions; and the impact indebtedness incurred in connection with any acquisition could have on our operations;
       
    • investments in global sales and marketing organizations and global business infrastructure, and dependence on our channel partners for the distribution of our products;
       
    • current and potential future impacts of any global health crisis, natural disaster or catastrophe; the actions taken to address these events by our customers, our suppliers, and regulatory authorities; the resulting effects on our business, the global economy and our consolidated financial statements; and other public health and safety risks and related government actions or mandates;
       
    • operational disruptions generally or specifically in connection with transitions to and from remote work environments; and the failure of our technological infrastructure or those of the service providers upon whom we rely including for infrastructure and cloud services;
       
    • our intention to repatriate previously taxed earnings and to reinvest all other earnings of our non-U.S. subsidiaries;
       
    • plans for future capital spending; the extent of corporate benefits from such spending including with respect to customer relationship management; and higher than anticipated costs for research and development or a slowdown in our research and development activities;
       
    • our ability to execute on our strategies related to environmental, social, and governance matters, and meet evolving and varied expectations, including as a result of evolving regulatory and other standards, processes, and assumptions, the pace of scientific and technological developments, increased costs and the availability of requisite financing, and changes in carbon markets; and
       
    • other risks and uncertainties described in our reports filed from time to time with the Securities and Exchange Commission (the SEC).  

    Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

    Visit https://investors.ansys.com for more information.

    ANSS-F

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/771cf00e-f710-44a2-8ccc-01eb3722147f

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    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI USA: Attorney General Alan Wilson calls for action against counterfeit weight loss drug makersRead More

    Source: US State of South Carolina

    (COLUMBIA, S.C.) – South Carolina Attorney General Alan Wilson today led a 37-state and territory bipartisan coalition requesting that the Food and Drug Administration take swift action against bad actors who are endangering consumers with counterfeit forms of the weight loss and diabetes drugs Mounjaro, Zepbound, Ozempic, and Wegovy (GLP-1 drugs).

    “The popularity of these drugs is growing at a rate that exceeds production by licensed manufacturers and has opened the door for copycat products from countries like China and India to flow through the U.S. supply chain that are seriously harming consumers,” said Attorney General Wilson.

    The letter states that “online retailers are illegally selling the active ingredients of GLP-1 drugs directly to consumers, without a prescription. These retailers claim that the active ingredients they sell are ’for research purposes only’ or ’not for human consumption’.[1] In reality, these companies advertise directly to consumers on social media, claiming that their products are an easier and more affordable way to obtain GLP-1 drugs.[2] Much like with counterfeit versions, these active ingredients come from unregulated, undisclosed sources and pose risks of contamination and inclusion of foreign substances.[3]”

    Attorney General Wilson also recently sent out a consumer alert warning consumers to be cautious when purchasing compounded Tirzepatide and Semaglutide, specifically in unapproved forms such as pills (only available via Rybelsus), sublingual drops, lozenges, or films taken under the tongue, topical skin patches, and nasal sprays.

    Attorney General Wilson said, “Protecting consumers is of utmost priority to me and the lengths that these counterfeiters are going to take advantage of consumers and endanger their health must be stopped.”

    The letter declares that the Food and Drug Administration has the expertise and resources to stop the bad conduct and deceptive practices by counterfeit drug manufacturers and that they should increase enforcement actions against compounding pharmacies illegally participating in this market. It also encourages the FDA to partner with state pharmacy boards to ensure compounded GLP-1 drugs are produced safely and in sanitary environments. 

    South Carolina co-led this bipartisan letter with Colorado, Illinois, and Tennessee and was joined by Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Georgia, Hawaii, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Nevada, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Utah, Vermont, Virgin Islands, Virginia, West Virginia, and Wisconsin.

    You can read the full letter here.

    You can read the consumer alert here.

    [1]  See Jordyn Belcourt et al., Bypassing Prescribers and Pharmacists: Online Purchasing of Semaglutide and Tirzepatide “For Research Purposes,” Annals of Pharmacotherapy, p.1 (2024).

    [2] See https://www.wsj.com/health/healthcare/ozempic-mounjaro-no-prescription-websites-726b3928

    [3] https://www.nbcnews.com/health/health-news/ozempic-underworld-black-market-obesity-drugs-rcna174680

    MIL OSI USA News –