Report background

2015 is the first year of B-end service. Using low-cost software + system to improve standardization and process can greatly improve efficiency, replace manpower, save resources, and become a new choice for more and more enterprises. Security is associated with B-side software and systematic services. Smart terminal security naturally exists with it, but it is ignored and separated. In 2018, the concept of “T2B2C” became popular, simply put: through technology to promote industrial transformation, so as to better serve consumers. Everyone’s focus is not directly on the C-end, but on the C-end by empowering the B-end. In the “T2B2C” chain of smart terminal security, the voices of the C-side are indispensable, even if these voices are not strongly cohesive. Listen to the real voices of C-end users and commit to a safer and better smart terminal security environment. The Roar Security Industry Research Institute designed the “Smart Terminal Security User Survey” for this purpose, aiming to understand several core issues from the C side:

Among smart terminal devices, which ones are likely to cause information insecurity?

What kind of insecure smart terminals have users experienced?

From the perspective of users, who should guard the security of smart terminals?

What are the necessary security capabilities from the user perspective?

What security product features are users most looking forward to?

What are users’ biggest concerns about the security of smart terminals?

report found

Core finding of the report 1: Over 40% of users believe that the overall level of security of smart terminals is average

In the current overall scoring situation of smart terminal security (1 is the lowest score and 10 is the highest score), according to the research findings of the Roar Security Industry Research Institute, 85.1% of the participating researchers believe that the current smart terminal security is between 5 and 8 points ( 10 is a full score); more than 40% of users scored 5-6 points, of which, 6 points accounted for the most, reaching 20.6%; 5 points (excluding 5 points) users accounted for 24.8%; for smart terminals Those who are most dissatisfied with safety, that is, those who scored 1-2 points, accounted for 5.7%, and the most satisfied, that is, those who scored 9-10 points were only 4.3%.

The Roar Security Industry Research Institute believes that the overall situation of smart terminal security is not optimistic at present. Although after more than ten years of development, the essential development of smart terminal security is still relatively slow. If it has not been overcome, the user’s security awareness has not been effectively improved.

The second core finding of the report: Most users tend to protect the security of smart terminals with multiple parties and jointly build a security barrier

According to the research findings of the Howard Security Industry Research Institute, in terms of the division of intelligent security guarding responsibilities, the hardware equipment vendors, software service providers, cloud computing vendors, sales channel vendors, users/consumers, terminal security providers, government-related Among the options of administrative agencies and enterprise security departments, 72.3% of users prefer software service providers, 65.2% of users prefer hardware equipment vendors, 65.2% of users prefer terminal security providers, and 48.9% of users prefer government-related administrative agencies. For departments/institutions, 43.3% of users prefer cloud computing vendors, and only 24.8% of users think that they need to be the guardians of smart security.

Roar Security Industry Research Institute believes that: At present, the division of full responsibilities for smart terminal security products is relatively unclear, and the lack of legal and regulatory definitions makes fewer manufacturers consider security protection issues at the beginning of product design. Judging from the data, most users tend to assume that the security of smart terminals is mainly the joint responsibility of hardware developers, software developers, network security service providers, and the government. But how should a responsibility-sharing model be established? Can this implementation model bring real security? In addition, according to the survey results, users believe that the security problem of smart terminals is becoming more and more serious, but their own awareness of being a guardian is relatively weak. Only less than 1/4 of users think that they also need to be guardians of smart terminal security. In fact, based on the concept of zero trust, users’ smart terminal products and the data assets generated by them should have important protection rights and interests. It is believed that with the deepening and development of smart terminal security, the contradiction between individual users’ security awareness and practice will gradually Zoom out, for this reason, the Roaring Security Industry Research Institute gives some suggestions:

Security awareness training, popularizing education by means of public welfare;

Multiple parties provide more friendly methods, so that users can truly choose by themselves;

Increase legislation, earnestly protect the interests of users, and strike hard at illegal and illegal activities.

The third core finding of the report: Safety and respect are the core needs of users and the original intention of the entire ecosystem

According to the research findings of the Roar Security Industry Research Institute, people’s concerns about the security of smart terminals can be divided from the perspective of users, products, and supervision. From the user’s point of view, it is specifically reflected in worries about their own data/information leakage, data loss, data being maliciously monitored, and property damage. Concerns from the perspective of enterprise products include: product instability, insecurity, R&D security, cost issues, not smart enough, viruses cannot be scanned, and repairs are not timely, etc.; from the perspective of regulatory concerns, specifically include smart terminals Security checks, detections, system attacks, lack of relevant accountability mechanisms, etc.

Roar Security Industry Research Institute believes that when extracting keywords that users worry about feedback: data, privacy, and security are the words that appear most frequently. If summed up from the perspective of users, the security of smart terminals boils down to two points:

Ensure data security;

Protect user privacy.

This reflects the user’s need for safety and respect in Maslow’s hierarchy of needs theory. The security of smart terminals is very complicated, but it is also very simple. The complexity lies in the fact that many practitioners have thought of many methods and taken many detours to ensure it, but with little success, and can only hope that there is no real opponent. It is simple because you have walked a lot, but you have forgotten the way you came, the past you have walked, and your original intention. Everyone’s efforts, the original intention is only the four words of safety and respect. If every action, every improvement, and every direction ask yourself, whether it helps users achieve more security, and whether it can make users feel better about the benefits brought by products and derivatives. Respect, the real security of such smart terminal security may come!

IMF: Tax Challenges and Responses in Asia’s Digital Era

Translated/Jiang Yuxi, a postgraduate student at Beijing Normal University School of Law

Digitalization in Asia is pervasive, unique and evolving. Internet users in Asia far outnumber other regions, so digitization in Asia is characterized by its sheer scale. This facilitates the development of e-commerce in large markets under those international standards. They are underpinned by innovative payment systems and feature the participation of large corporations. The mega-enterprises here include large-scale, home-grown and highly digitalized enterprises (e-commerce giants) whose scale threatens US multinational enterprises (MNEs). There are opportunities for their future growth, because there are still large-scale users who have not yet connected to each other.

Digitization creates new tax challenges, and existing regulations can appear unfair. Critics have pointed out that the existing income tax system fails to empower some jurisdictions to impose taxes. Highly digitalized companies in such regions have large customer bases that create value but are not registered in these regions. The increasing number of digital enterprises may also be associated with more intangible assets (such as trademarks and patents). These intangible assets are more difficult to value but easier to transfer. This feature ensures that digital enterprises can transfer profits under the current rules. This especially affects the economies of small and underdeveloped regions. The link between digitization and taxation does not stop at income tax. The issues raised involve VAT issues on digital services, property rights of private information, and the use of digital technology in tax design and revenue management.

While the overall revenue impact is likely to be modest, global tax reform proposals could create regional winners and losers. Providing new taxation rights for market countries at the expense of the interests of the country of residence, the idea comes from discussions under the first pillar of the OECD Inclusive Framework (IF), which will change the geography of tax revenues for Asian multinational companies distributed. Investment centers and low-tax areas are more likely to lose income because fewer interests are going to favor them. Countries that are not home to the headquarters of large multinational corporations but are the major user groups of these corporations are more likely to gain revenue from reallocation. For countries with both large markets and the tax residence of their large multinational corporations, the results are ambiguous. For example, home countries of Asian tech giants would lose revenue if companies had to pay more taxes in other countries where they expanded. Such a revenue impact would not be apparent under the current proposal. But over time, as the pace of digitization picks up, the impact of this revenue realignment will increase.

Digitization is putting increasing pressure on the century-old international tax system, which could be addressed in the medium term by more fundamental reforms. The reforms now being considered by the OECD would be an important step towards more comprehensive reforms in the future. Finance and taxation experts are discussing the system around issues such as formulaic apportionment and residual profit distribution. These approaches would lead to a greater redistribution of tax revenues across countries, with investment centers expected to suffer the greatest losses. At the same time, the proposals would bring about great simplification and a closer link between where profits are made and where products are made and sold. Based on this design, these reforms will also ease the pressure of international tax competition and provide space for multinational companies to increase their income, including increasing corporate income tax rates according to the wishes of countries.

Unilateral tax measures adopted by many Asian countries, such as digital service taxes (DSTs), have had little impact on revenues. A digital services tax is simpler than corporate income tax schemes in terms of design and implementation, but may introduce risks of double taxation and trade retaliation distortions. In taxing gross revenue, a DST ignores the profitability of tech giants and is therefore less efficient than alternative profit tax reform options. Countries with domestic tech giants would find a DST less attractive because their income is already taxed under the current corporate income tax regime. A relatively narrow gross revenue tax base would also result in limited revenues – generally estimated at 0.01% to 0.02% of GDP – meaning that the introduction of a digital services tax would need to be weighed against other tax priorities. That said, revenues from DST may have more room to rise in the future, given the dynamism of the strongly growing digital economy, which has been accelerated again by the COVID-19 pandemic.

Expanding the scope of value-added tax (VAT) collection to more efficiently access e-commerce and digital services could generate large short-term revenue and other benefits. Collecting VAT on e-services and the digital economy from abroad can help countries raise unilateral revenue. The harmonization of VAT on all digital imports also provides a platform for domestic and foreign suppliers and products and services, thereby improving efficiency. The expected revenue impact of this effective implementation would be far greater than a digital services tax or the current OECD Pillar 1 globalization reform proposals, especially given the reliance on the market as a third-party source of information and as a taxing agency to expand value added Indirect returns from the tax base. There is now a lot of room to advance digital import VAT reforms to support compliance management for residents and implement corporate tax reforms that transfer taxation rights to non-resident market economy countries.

For many Asian countries, additional tax efforts are necessary to meet their revenue mobilization needs. Global tax reform will move towards a combination of destination-based income taxation and a global minimum tax rate (pillar two of the OECD Inclusive Framework), which will ease pressure on global tax competition and allow countries to increase corporate income tax rates if needed. Funding future spending needs will also require more effort in mobilizing revenue. This requires broadening the tax base by eliminating tax holidays, tax exemptions and other tax incentives. These measures, common in developing Asia, are often inefficient or ineffective, or even redundant, under a global minimum tax. Digitization of tax administration to better facilitate revenue flow by combating tax evasion and broadening the tax base for corporate tax and VAT. But such comprehensive tax reform is beyond the scope of this article.

Introduction

The impact of digitalization is sweeping through Asia, and the impact continues to spread in the aftermath of the new crown epidemic. Digitization has spread far beyond the information communication and technology (ICT) sector, while widespread use of the Internet underpins e-commerce, fintech, online finance and other services. In addition to companies selling goods and services through their own websites, online platforms and marketplaces have sprung up, linking businesses to consumers, and consumers to consumers. Such business models are supported by cutting-edge technologies including artificial intelligence, machine learning and big data. Local players have become major players in the market, especially in large market countries such as China, Japan, and Indonesia, and compete with US multinational enterprises (MNEs) operating there. The greater potential for future growth in internet usage and the reduction in face-to-face activities during the COVID-19 pandemic will further drive the growth of Asia’s large digital players in the next few years, as well as the adoption of digital technologies throughout the economy.

The digitalization journey varies across Asian countries due to differences in demographics, geography, and stage of economic development. G20 economies such as China, Japan and South Korea have large ICT sectors, including manufacturing, as well as well-established, locally headquartered and highly Electronic e-commerce and online service businesses. India and Indonesia are also rapidly developing e-commerce and online service markets while local companies are emerging. Although ICT-led manufacturing is not yet as prevalent, advanced service-based economies such as Australia and New Zealand are already highly digitalized. In addition, Asia also has some hubs for infocomm business and fintech, such as Singapore. In contrast, developing Asian economies have low rates of internet access and are therefore less likely to see large, locally-headquartered digital businesses.

The ability of highly digitalized businesses to sell across borders without a physical presence poses a challenge to traditional corporate income tax (CIT) rules. These rules give the country where the company is headquartered and the country where the company has a permanent establishment, such as a factory or storefront, the right to tax corporate interests. For highly digital businesses that transact online across borders, this may mean that the country of sale (market country) and the country of online users do not have the right to tax corporate income. For countries that have taxing powers under the current rules, they also face challenges.Because the assets of highly digitized businesses are more concentrated in

Intangible assets (such as intellectual property). Intangible assets are more easily transferred to group affiliates located in low-tax jurisdictions, thereby shifting profits out of high-tax countries.

Selling products and services online across borders also puts pressure on value-added tax (VAT) collection. There is general consensus across countries that VAT should be paid where the final consumer resides (for an example see the OECD 2017 VAT/GST Guidelines). But this is becoming increasingly difficult to achieve in the digital economy, because the collection of VAT mainly relies on locally registered enterprises to pay. It is more difficult to collect VAT on, for example, the purchase of online streaming services from non-resident suppliers.

Under the auspices of the G20/OECD Inclusive Framework (IF), multilateral discussions on how to address the challenges of taxing income in the context of an increasingly digital economy took place. There are 139 member countries under the inclusive framework, including major Asian economies and many developing countries. Under the so-called pillar, a number of countries have adopted proposals to provide new ideas on taxation rights to market jurisdictions, thus trying to solve the problems surrounding taxation rights in the digital economy.

While awaiting permission for inclusive frameworks, several countries have already implemented digital service taxes (DSTs), particularly on sales by non-resident businesses to their residents. A digital services tax could take the form of a simplified withholding tax, (eg for online advertising), similar to the current taxation of cross-border technology services. Or it could take the form of a user-based turnover tax, whereby the value created by end-users of digital services within a given country is taxed.

This article illustrates how digitization is affecting Asian economies and their corporate income tax and value-added tax systems, analyzing the impact of proposed reforms. Based on IMF policy and analytical work in international taxation, this article contributes to the policy debate in the following ways: (1) An overview of digital trends in Asia and how it differs from other regions (p. Chapter 1); (2) examine the impact of multilateral and unilateral tax policy reforms aimed at taxing corporate income in a progressively digital economy (Chapter 2); (3) examine how best to address VAT challenges arising from online sales (Chapter 3). It is worth noting that the relationship between digitization and taxation, including issues of property rights in private information, the use of technology in tax design and revenue administration, is beyond the scope of this paper.

Certara, Inc. (NASDAQ: CERT), a global leader in biomimicry, announced today that it has signed a definitive agreement to acquire Pinnacle 21 for $310 million in cash and stock. Pinnacle 21’s software tools are suitable for validating data for compliance with Clinical Data Interchange Standards Institute (CDISC) standards, which are required for submission of drug applications to the U.S. Drug Administration (FDA) and Japan’s Pharmaceuticals and Medical Devices Agency (PMDA) , which is also the preferred standard of China’s National Medical Products Administration (NMPA).

“We welcome Pinnacle 21 to Certara as we implement an innovative investment strategy to drive the use of biomimicry and increase the utilization of our end-to-end platform,” said Dr. William F. Feehery, CEO of Certara. 21’s complementary acquisition marks an important expansion of Certara’s biosimulation and regulatory software and technology-driven services. High-quality, standardized data is the foundation of biosimulation, machine learning and statistics. Pinnacle 21 is a leader in biopharmaceutical data fitting This business acquisition will create compelling opportunities as we integrate and expand our complementary offerings.”

Immediately after this acquisition, Certara will be a central player in the data standardization process throughout the drug development lifecycle. With the globalization of the biopharmaceutical industry and the development of wearable devices and other health technologies, the volume of data in clinical trials will continue to increase, and data standards will become increasingly complex and difficult to comply with. Efficient and precise analysis requires high-quality, standardized data. Pinnacle 21’s patented validation software creates consistent, compliant and high-quality datasets that reduce the risk of costly regulatory delays while increasing the speed and efficiency of drug development and time to market.

“Certara is an ideal partner for Pinnacle 21’s exceptional team and customer base,” said Max Kanevsky, founder and CEO of Pinnacle 21. “Both companies help customers collect, validate and analyze data for drug development. The key decisions of our company are informed to help clients pass regulatory approvals. The alliance with Certara can further strengthen the link between effective data and informed analytics. We are eager to integrate and expand our software platform to continue our mission of delivering faster for Patients bring life-saving treatments.”

Pinnacle 21 drives the data validation software market, especially for clinical trials, and the company has more than 130 corporate customers, including 22 of the top 25 biopharmaceutical companies by R&D spending, as well as FDA and PMDA data, along with Over 1000 organizations use its open source community software.

key transaction terms

The transaction has an enterprise value of $310 million, with Pinnacle 21 shareholders receiving $250 million in cash consideration and Certara stock valued at $60 million, subject to the terms of the agreement. Immediately after the transaction closes, it is expected to boost Certara’s top line, revenue growth rate and adjusted EBITDA margin.

The transaction, which has been unanimously approved by the boards of directors of Certara and Pinnacle 21, is expected to close early in the fourth quarter of 2021, subject to customary regulatory approvals and other closing conditions.

Webcast and Conference Call Details

Certara will host a conference call today, August 5, 2021 at 5:00 p.m. ET to discuss its second quarter 2021 financial results and the impact of the acquisition of Pinnacle 21. A webcast of the conference call will be available on the “Investors” section of the company’s website at https://ir.certara.com/. The webcast will remain on the website for approximately one year after the conference call.

consultant

Jefferies LLC is serving as financial advisor to Certara and Simpson Thacher & Bartlett is serving as legal advisor to Certara. Fairmount Partners is serving as financial advisor to Pinnacle 21 and Cozen O’Connor is serving as legal advisor to Pinnacle 21.

Eindhoven, The Netherlands, Jinan, China – December 9, 2020 – ScioSense, a leading manufacturer of environmental and flow sensors, today announced the launch of a new indoor air quality sensor, the ENS160, which uses sophisticated sensor fusion algorithms to calculate Measure output for more natural air cleaning than any other sensor on the market.

As a manufacturer of integrated environmental and flow sensors, ScioSense uses four separate, highly integrated MEMS micro-heated substrates to create a new multi-channel sensing architecture for its next-generation air quality sensor, and has developed multi-sensor fusion technology— The signals from each sensing element are fused while compensating for humidity effects.

This new technology is based on the industry’s leading automatic baseline correction, which automatically resets air quality thresholds to ensure that the ENS160 can reliably detect indoor air pollution levels and odor changes wherever it is located. An innovative multi-sensor fusion algorithm further improves the output accuracy of equivalent carbon dioxide (eCO2), which accurately detects carbon dioxide (CO2) exhaled by the human body, as well as a range of polluting or odorous gases from other activities.

With the advanced features unique to ENS160, the air quality indicators of air purification systems using this product more closely reflect the impact of pollutants and odors in the air on the occupants of indoor spaces. Systems such as ENS160-based air purifiers, on-demand controlled ventilation systems, range hoods and smart home hubs allow for more precise monitoring of indoor air. Users can enjoy clean and fresh air at any time, and at the same time avoid running air purification equipment under unnecessary conditions, eliminating the waste of money and energy.

The new miniature heating substrate design and intelligent operation control mode are also highly resistant to siloxane contamination, ensuring a long working life in any residential, commercial, professional indoor or vehicle cabin environment.

Dirk Enderlein, CEO of ScioSense, said: “When ventilation or air purification equipment stops operating because air quality monitoring systems fail to detect human body odor, or because air quality baselines are set too high, there can be practical consequences for occupants of indoor spaces. Impacts such as potentially depriving school students of their ability to concentrate on their studies, putting people at risk of long-term harm from pollution, and making our living spaces less suitable for work or leisure. ENS160 provides high broadband gas sensitivity and intelligence A unique combination of selectivity that allows ventilation and air purification systems to be used in the right way at the right time to improve people’s quality of life indoors.”

Three types of accurate air quality output:

The multi-element TrueVOCTM technology employed in the ENS160 is sensitive to oxidizing gases such as ozone that affect indoor air quality, as well as many volatile organic compounds (VOCs) such as toluene, ethanol, methane, sulfur dioxide and carbon monoxide. The algorithm provided by the ENS160 outputs the following three measurements:

· Total Volatile Organic Compounds (TVOC), based on the broad sensitivities of ENS160 to anthropogenic and anthropogenic VOCs;

eCO2, a commonly used surrogate for human occupancy density in indoor spaces;

· AQI (Air Quality Index), which provides various air quality indicators in line with international standards.

The ENS160 can also provide raw gas measurements to OEMs capable of developing proprietary algorithms.

Additionally, the ENS160 reduces warm-up time on first use and start-up time after each power-on, making the ENS160 the most responsive air quality sensor on the market, ideal for systems that require fast response times and expect a great user experience .

Available in a surface mount package measuring only 3 mm x 3 mm x 0.9 mm, the sensor is the smallest fully integrated, programmable air quality sensor on the market today, suitable for integration into highly space-constrained designs such as consumer products .

The ENS160 provides measured output values ​​to the host controller through a serial peripheral or I2C interface. Since all measurement algorithms for the sensor run on-chip, no additional processing is required on the host.

At the same time, ScioSense also provides an analog output version of the VOC gas sensor ENS145. This version is based on the same micro-hotplate technology as the ENS160 and is suitable for distributed system designs; where the central control host fully controls the measured output value obtained from the ENS145 gas sensor input.

CJ Deng, Vice President of Global Marketing, ScioSense, added: “The ScioSense gas sensor series products, with their excellent performance and stable and reliable performance, have been widely used by many well-known car manufacturers and smart home leading manufacturers around the world. Our customer base includes three German Large car manufacturers and many famous European air purifier brand manufacturers. The launch of ENS160 provides customers with a more accurate and easy-to-use air quality sensor, and the strong local technical support service team in China will also be based on customer needs. Assist customers to better monitor local air quality through algorithm optimization and other methods.”

Product samples and evaluation kits are available from ScioSense and authorized distributors in the first quarter of 2021 upon request.

MALVERN, Pa. — April 7, 2021 — Vishay Intertechnology, Inc. (NYSE: VSH) today introduced the SQJA81EP, the world’s most advanced p-channel 80 V TrenchFET® MOSFET qualified to AEC-Q101. The new Vishay Siliconix SQJA81EP has an excellent 80 V p-channel on-resistance for improved power density and energy efficiency in automotive applications. The SQJA81EP is housed in a small 5.13 mm x 6.15 mm PowerPAK® SO-8L monolithic package with a Eurowing lead structure, with a maximum on-resistance of only 17.3 mW / typ. 14.3 mW at 10 V.

The recently released automotive-grade MOSFETs have 28 % lower on-resistance than the closest DPAK-packaged competitor, 31 % lower than previous-generation solutions, and a 50 % smaller footprint, helping to reduce on-power dissipation and save energy , while increasing the power density to improve the output. The excellent gate charge of the SQJA81EP is only 52 nC at 10 V, reducing gate drive losses, and the product of gate charge and on-resistance, the MOSFET figure of merit (FOM) for power conversion applications, is at an industry-leading level.

The device operates at high temperatures of +175 °C and meets the ruggedness and reliability requirements of automotive applications such as reverse polarity protection, battery management, high-side load switching, and LED lighting. In addition, the SQJA81EP gull-wing lead structure also helps improve automatic optical inspection (AOI) capabilities, eliminate mechanical stress, and improve board-level reliability.

The device’s 80 V voltage rating meets the safety margins required for many common input voltage rails in 12 V, 24 V, and 48 V systems. MOSFETs increase power density, thereby reducing the number of components that need to be paralleled and saving PCB space. In addition, as a p-channel device, the SQJA81EP simplifies gate drive design, eliminating the need to configure the charge pump required for n-channel devices. The MOSFETs are packaged in lead (Pb) free, halogen free, RoHS compliant, 100 % Rg and UIS tested.

Samples and production quantities of the SQJA81EP are available now, with lead times of 14 weeks.

Introduction to VISHAY

Vishay is one of the world’s largest manufacturers of a family of discrete semiconductor and passive Electronic components critical to innovative designs in the automotive, industrial, computing, consumer, communications, defense, aerospace and medical markets. Serving global customers, Vishay carries the DNA of techÔ. Vishay Intertechnology, Inc. is a Fortune 1,000 company listed on the New York Stock Exchange (VSH).