PARIS, May 24, 2024
/PRNewswire/ -- Taiwan tech
startup Ranictek participated as delegation from the Taiwan Tech
Arena (TTA) held by the National Science and Technology Council
(NSTC) and traveled to Paris for
VivaTech 2024, held from May 22 to
25. The team delivered an outstanding performance, advancing
to the finals of the IC Taiwan Challenge on May 23 and becoming one of the top six finalists.
Ultimately, they received an excellence award, given to the top
three performing teams by the international judges.
Founded in November 2022, Ranictek
is currently focusing on the development of 5G/6G base station
chips and satellite communication chips. Ranictek is committed to
providing customers with base station chip solutions that combine
low power consumption with cost-effectiveness. This is aimed at
accelerating the deployment and popularization of 5G/6G base
stations. The low power consumption helps base stations save energy
and reduce carbon emissions, while the cost-effectiveness helps
lower the manufacturing and production costs of base stations.
Through these efforts, Ranictek hopes to accelerate the deployment
of 5G/6G base stations and contribute to the widespread adoption of
5G/6G technology.
In less than a year since its establishment, Ranictek has
already received several awards at various domestic and
international events. The company highlighted that Taiwan's open radio access network (O-RAN)
market is predominantly focused on the development of small base
stations, primarily targeting enterprise private networks, which
limits the market scope. Therefore, Ranictek has shifted its market
focus to medium and large base stations, which can be used not only
for enterprise private networks but also for public networks,
crucial for the widespread adoption of 5G.
The VivaTech invites international organizations to recruit
startups to participate in various challenges worldwide. This year,
TTA launched a competition, inviting global IC-related enterprises
and startup experts to participate, attracting both international
and Taiwanese startup teams to compete on the same stage. The
competition at VivaTech can be seen as a prelude to the globally
organized IC Taiwan Grand Challenge, hosted by the National Science
and Technology Council (NSTC). This initiative aims to encourage
more international teams to participate and come to Taiwan to realize their dreams.
The "IC Taiwan Grand Challenge" competition, organized by NSTC,
targets global startups, organizations, academic institutions, and
individuals interested in collaborating with Taiwan's semiconductor industry. The
competition focuses on two main areas: "IC Design Innovation" and "
Chip-based Innovative Applications" seeking advanced technologies
or application solutions from global startup teams. By leveraging
Taiwan's Silicon Island
advantages, the competition aims to attract international startups
and venture capital to Taiwan.
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SOURCE Taiwan Tech Arena