The Company's Play with Purpose program, along with its ESG Policy adopted by its Board of Directors, formalizes the Company's ESG initiatives and sets goals that are, and will continue to be, a vital part of Turtle Beach Corporation's business. Leading gaming accessories provider Turtle Beach Corporation today officially announced the Company's Environmental, Social, and Governance (ESG) program, entitled Play with Purpose.
The EU is said to end up with 11 to 13-thousand tons of e-waste from chargers alone on a yearly basis, so it's not hard to see why the union wants to see a unified charging standard for most electronics. This is said to be to try and avoid market fragmentation, as well as to reduce e-waste and to try and prevent consumer "lock-in" to proprietary charging standards. Furthermore, the MEPs want the European Commission to present a strategy with regards to wireless chargers by the end of 2026, to make sure there's some kind of minimal interoperability between the various wireless charging standards. They also want to see clear labelling on product packaging if a charger is supplied or not. In addition to the new directive, the MEPs also want to see clear labelling on devices in terms of how much power they can deliver, since this can sometimes be hard to figure out as a consumer. There will be an initial transition period and the new requirements aren't expected to start to apply until early 2024. The directive still has to be approved by the EU parliament, which is expected to happen in May during the plenary session. Exemptions will apply for devices that are too small to incorporate a USB-C port, such a smart watches, health trackers and some sports equipment.
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The charging standard will apply to what the committee calls small and medium-sized electronic gadgets and include mobile phones, tablets, digital cameras, headphones and headsets, handheld videogame consoles and portable speakers. It's part of the Radio Equipment Directive and it means that USB-C is now very close to becoming the de facto connector for charging a wide range of consumer electronics. This past week, the EU's Internal Market and Consumer Protection Committee agreed on adopting USB Type-C as the union's standard charging connector, with 43 votes in favour and two against. While pre-Pat Gelsinger was seemingly scared of touching any other foundries' products - mostly from the fact that Intel does have its own significant manufacturing capabilities and R&D, after all - the new Intel is clearly more at peace with driving its competitor's revenues. While Apple's uptake on TSMC's latest manufacturing technology is practically a given at this point, the fact that Intel too is taking up TSMC's N2 node showcases the company's evolved business tactics after the introduction of its IDM 2.0 strategy (IDM standing for Integrated Device Manufacturer, meaning Intel too will fabricate chips according to clients' specs). If there are no significant market upheavals or unexpected snags in technology transition, TSMC will be late to the GAAFET party, following Samsung's 3GAE node in 2023 and Intel's first Angstrom-era process, Intel 20A, in 2024. N2, which is expected to enter volume production by the end of 2025, will be TSMC's first manufacturing process making use of GAAFET (Gate-All-Around Field-Effect Transistor) design. Industry reports and sources in the financial community have placed Apple and Intel as the two premier customers for TSMC's upcoming N2 node.
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