DA NANG, Vietnam, Sept. 3, 2025 /PRNewswire/ -- KuCoin, a leading global cryptocurrency exchange serving over 41 million users across more than 200 regions, has signed a strategic Memorandum of Understanding (MoU) with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix Joint Stock Company (1Matrix). This landmark agreement marks a pivotal step in KuCoin's commitment to fostering innovation in emerging markets to accelerate blockchain infrastructure, digital asset applications, and the nation's digital economy.
This collaboration positions KuCoin as a key pioneer in Vietnam's crypto landscape, drawing on its global expertise to deliver tailored solutions. The initiative introduces actionable advancements, including pilot trading platforms, digital payment solutions, electronic identity systems, and international-standard risk management tools. By merging KuCoin's cutting-edge technology with 1Matrix's local expertise and VBA's policy advocacy, it sets a new benchmark for localized blockchain development, directly supporting Vietnam's National Blockchain Strategy (2025–2030) and elevating the country's role in digital innovation.
Under the MoU, KuCoin will lead the transfer of advanced technology and best practices, empowering local innovation while upholding top security standards. 1Matrix will oversee domestic infrastructure and resources, while VBA will facilitate policy advocacy, standardization, and community outreach. This tripartite model fosters a transparent, sustainable digital financial ecosystem, enabling Vietnamese startups to access international markets and promote economic inclusion and growth.
Damen Chen, Vice President and Head of Group Commercial, shared his enthusiasm: "Vietnam is emerging as one of the world's most dynamic hubs for blockchain and digital assets, fueled by a young, creative, and tech-savvy community ready to pioneer global innovations. Through this strategic partnership with VBA and 1Matrix, KuCoin is excited to co-develop blockchain technology and commit to long-term collaboration in building community trust, advancing digital asset education, and nurturing Vietnam's blockchain startup ecosystem. Our shared goal is to create a transparent, secure, and internationally competitive market, elevating Vietnam as a pivotal landmark on the global blockchain map."
This partnership highlights KuCoin's dedication to security, transparency, and compliance—core pillars of its trusted reputation. As Chen noted in his recent address at Da Nang Finance and Tech Week, KuCoin prioritizes real-time order book data, regular proof-of-reserves reporting, and independent audits to combat fake volumes and ensure accountability. Among the first exchanges to mandate KYC and AML standards globally, KuCoin engages in regulatory consultations, sandboxes, and policy development. In Vietnam, KuCoin Labs and KuCoin Ventures are investing in early-stage projects and partnering with universities and communities to build talent and drive adoption in tokenization and DeFi.
Mr. Phan Duc Trung, Chairman of VBA and 1Matrix, praised the tripartite cooperation, emphasizing its role in boosting the digital asset market, enabling international integration, and fostering a transparent, sustainable digital financial ecosystem.
VBA, founded under Decision No. 343/QD-BNV dated April 27, 2022, by the Ministry of Home Affairs, serves as Vietnam's first official social-professional organization for the blockchain sector. It gathers stakeholders interested in researching, testing, evaluating, standardizing, and promoting blockchain applications.
1Matrix Joint Stock Company, a VBA member, is a pioneer in Vietnam's blockchain infrastructure. It develops the Vietnam Blockchain Multi-Chain Service Network (VBSN), a platform for rapid layer-1 blockchain deployment, supporting digital identity, data governance, and essential public applications.
This strategic agreement is expected to lay the foundation for a pioneering model in Vietnam's blockchain sector, advancing the National Blockchain Strategy and establishing Vietnam as a bright spot on the global technology map.
About KuCoin
Founded in 2017, KuCoin is a leading global cryptocurrency platform serving over 41 million users across 200+ countries and regions. Built on cutting-edge blockchain technology, KuCoin offers access to 1,000+ digital assets and solutions including Web3 wallet, Spot and Futures trading, institutional services, and payments. Recognized by Forbes as one of the "Best Crypto Apps & Exchanges" and a "Top 50 Global Unicorn" by Hurun, KuCoin is ISO 27001:2022 certified and committed to security, compliance, and innovation under the leadership of CEO BC Wong. Learn more: https://www.kucoin.com/
About VBA
The Vietnam Blockchain and Digital Assets Association (VBA) is a non-profit organization established under Decision No. 343/QĐ-BNV on April 27, 2022 by the Ministry of Home Affairs. As the first and only legally recognized professional association in Vietnam dedicated to blockchain, VBA has been entrusted under the National Blockchain Strategy to spearhead the development of "Make in Vietnam" blockchain platforms, promote standardization, and unite domestic technology enterprises to strengthen competitiveness and elevate Vietnam's global standing. Learn more: https://blockchain.vn
About 1Matrix
1Matrix Joint Stock Company is a pioneering Vietnamese enterprise in blockchain infrastructure, committed to building a "Make in Vietnam" blockchain network and leading the advancement of Blockchain-as-a-Service (BaaS). 1Matrix is the founder and developer of the Vietnam Blockchain Service Network (VBSN) — a multi-chain infrastructure that enables the rapid deployment of Layer-1 blockchain networks, supporting data governance, digital identity, and diverse public services. VBSN is built by 1Matrix with the institutional support of VBA and strategic advisory from Boston Consulting Group (BCG), positioning it as a cornerstone of Vietnam's national digital infrastructure and a catalyst for innovation across industries. Learn more https://1matrix.com
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KuCoin Partners with VBA and 1Matrix to Pioneer Blockchain Infrastructure and Digital Asset Development in Vietnam
- Accelerates ADI's delivery of "Physical Intelligence", enabling systems to sense, reason, and act locally in real time within the constraints of the physical world
- Adds Alif's AI-native fusion processors, giving customers a scalable platform to quickly build full system solutions by combining next-generation digital with ADI's leading edge analog portfolio
- Expands ADI's total addressable market across industrial, data center infrastructure, defense, energy, robotics, digital health, and wearable applications by enabling complete, differentiated solutions
TAIPEI, Sept. 15, 2026 /PRNewswire/ -- Analog Devices, Inc. (NASDAQ: ADI) and Alif Semiconductor today announced that they have entered into a definitive agreement under which ADI will acquire Alif in an all-cash transaction for $1.35 billion.
Artificial intelligence is entering a new phase as models move beyond interpreting words and images to understanding context and interacting with the physical world. This transition requires systems that can reason from signals such as motion, sound, vibration, radio waves, and thermodynamics, and operate locally within demanding power, latency, security, and reliability constraints. At ADI, this is called Physical Intelligence.
Alif is redefining edge intelligence with a sophisticated platform of high-efficiency AI-native microcontrollers and fusion processors. Its heterogeneous architecture enables real-time sensor fusion, low-latency inference, and on-device AI, bringing advanced intelligence to demanding physical systems.
Combining ADI's leadership in sensing, signal processing, power, connectivity, and application software with Alif's leading-edge digital platform will accelerate the delivery of more complete Physical Intelligence solutions. Together, ADI and Alif can address a broader range of customers' most complex system-level challenges.
Commentary
- "AI is moving out of the data center and into the physical world, where latency, power, and trust cannot be compromised. That is the domain ADI has mastered for decades, at the delicate electro-physical interface where real-world signals become actionable intelligence. By combining Alif's digital processing capabilities with our leadership in multi-modal sensing, signal processing, power, connectivity, and software, we can empower customers to create entirely new classes of secure, intelligent systems that sense, reason, and act locally in real time. This is the next frontier of AI: embodied and deterministic. This is Physical Intelligence in action," said Vincent Roche, CEO and Chair of ADI.
- "Alif was founded to reimagine what a microcontroller can be in the AI era. We engineered a heterogeneous architecture from the start, integrating dedicated low-power neural processing with connectivity, security, and intelligent power management that delivers compute resources precisely where they're needed. Combined with ADI's deep physical-domain expertise and broad analog system capabilities, we can expand our reach to deliver the solutions that can power the future of Physical Intelligence," said Reza Kazerounian, Co-Founder and President of Alif.
Alif's silicon is already shipping in production, with design wins across leading consumer and industrial customers.
Transaction Details
Under the terms of the agreement, which has been approved by the Boards of Directors of both companies, ADI will pay Alif's stockholders $1.35 billion of upfront consideration in cash, subject to the terms of the definitive agreement. In addition, ADI may pay an incremental contingent consideration of up to $200 million. The transaction is expected to close before the end of calendar year 2026, subject to customary closing conditions and the expiration of the applicable waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
About Analog Devices, Inc.
Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, AI, and software technologies into solutions that combat climate change, reliably connect humans and the world, and help drive advancements in automation and robotics, mobility, healthcare, energy and data centers. With revenue of more than $11 billion in FY25, ADI ensures today's innovators stay Ahead of What's Possible. Learn more at www.analog.com and on LinkedIn and X.
About Alif Semiconductor
Alif Semiconductor, headquartered in Pleasanton, California, is a provider of the next generation of secure, connected, highly power-efficient EdgeAI microcontrollers and fusion processors. Alif's architectures scale from single-core to multi-core systems featuring integrated neural processing units (NPUs) and advanced graphics acceleration. Learn more at alifsemi.com.
Advisors
PJT Partners is acting as financial advisor to ADI, and Wachtell, Lipton, Rosen & Katz as legal counsel. Qatalyst Partners is acting as financial advisor, and DLA Piper as legal counsel to Alif.
All trademarks and registered trademarks are the property of their respective owners.
Forward-Looking Statements
This press release contains forward-looking statements, which address a variety of subjects including, for example, the expected timetable for closing of the transaction between Analog Devices, Inc. and Alif Semiconductor; the expected benefits of the transaction; ADI's expected product offerings, product development, and technical advances resulting from the transaction; markets, market position, addressable markets, and growth opportunities; and other future events. Statements that are not historical facts, including statements about our beliefs, plans, and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: the risk that regulatory approvals may not be obtained or other closing conditions may not be satisfied in a timely manner or at all; the possibility that the transaction will not close or that closing may be delayed; unforeseen or unknown liabilities; costs or expenses related to the transaction; the inability to retain key personnel; difficulties in integrating the acquired business; the risk that expected benefits of the transaction may not be realized or may take longer to realize than expected; and uncertainty as to the long-term value of our common stock. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K and our most recent Quarterly Report on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.
TAIPEI, Sept. 15, 2026 /PRNewswire/ -- Analog Devices, Inc. (NASDAQ: ADI) and Alif Semiconductor today announced that they have entered into a definitive agreement under which ADI will acquire Alif in an all-cash transaction for $1.35 billion.
Artificial intelligence is entering a new phase as models move beyond interpreting words and images to understanding context and interacting with the physical world. This transition requires systems that can reason from signals such as motion, sound, vibration, radio waves, and thermodynamics, and operate locally within demanding power, latency, security, and reliability constraints. At ADI, this is called Physical Intelligence.
Alif is redefining edge intelligence with a sophisticated platform of high-efficiency AI-native microcontrollers and fusion processors. Its heterogeneous architecture enables real-time sensor fusion, low-latency inference, and on-device AI, bringing advanced intelligence to demanding physical systems.
Combining ADI's leadership in sensing, signal processing, power, connectivity, and application software with Alif's leading-edge digital platform will accelerate the delivery of more complete Physical Intelligence solutions. Together, ADI and Alif can address a broader range of customers' most complex system-level challenges.
Commentary
- "AI is moving out of the data center and into the physical world, where latency, power, and trust cannot be compromised. That is the domain ADI has mastered for decades, at the delicate electro-physical interface where real-world signals become actionable intelligence. By combining Alif's digital processing capabilities with our leadership in multi-modal sensing, signal processing, power, connectivity, and software, we can empower customers to create entirely new classes of secure, intelligent systems that sense, reason, and act locally in real time. This is the next frontier of AI: embodied and deterministic. This is Physical Intelligence in action," said Vincent Roche, CEO and Chair of ADI.
- "Alif was founded to reimagine what a microcontroller can be in the AI era. We engineered a heterogeneous architecture from the start, integrating dedicated low-power neural processing with connectivity, security, and intelligent power management that delivers compute resources precisely where they're needed. Combined with ADI's deep physical-domain expertise and broad analog system capabilities, we can expand our reach to deliver the solutions that can power the future of Physical Intelligence," said Reza Kazerounian, Co-Founder and President of Alif.
Alif's silicon is already shipping in production, with design wins across leading consumer and industrial customers.
Transaction Details
Under the terms of the agreement, which has been approved by the Boards of Directors of both companies, ADI will pay Alif's stockholders $1.35 billion of upfront consideration in cash, subject to the terms of the definitive agreement. In addition, ADI may pay an incremental contingent consideration of up to $200 million. The transaction is expected to close before the end of calendar year 2026, subject to customary closing conditions and the expiration of the applicable waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
About Analog Devices, Inc.
Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, AI, and software technologies into solutions that combat climate change, reliably connect humans and the world, and help drive advancements in automation and robotics, mobility, healthcare, energy and data centers. With revenue of more than $11 billion in FY25, ADI ensures today's innovators stay Ahead of What's Possible. Learn more at www.analog.com and on LinkedIn and X.
About Alif Semiconductor
Alif Semiconductor, headquartered in Pleasanton, California, is a provider of the next generation of secure, connected, highly power-efficient EdgeAI microcontrollers and fusion processors. Alif's architectures scale from single-core to multi-core systems featuring integrated neural processing units (NPUs) and advanced graphics acceleration. Learn more at alifsemi.com.
Advisors
PJT Partners is acting as financial advisor to ADI, and Wachtell, Lipton, Rosen & Katz as legal counsel. Qatalyst Partners is acting as financial advisor, and DLA Piper as legal counsel to Alif.
All trademarks and registered trademarks are the property of their respective owners.
Forward-Looking Statements
This press release contains forward-looking statements, which address a variety of subjects including, for example, the expected timetable for closing of the transaction between Analog Devices, Inc. and Alif Semiconductor; the expected benefits of the transaction; ADI's expected product offerings, product development, and technical advances resulting from the transaction; markets, market position, addressable markets, and growth opportunities; and other future events. Statements that are not historical facts, including statements about our beliefs, plans, and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: the risk that regulatory approvals may not be obtained or other closing conditions may not be satisfied in a timely manner or at all; the possibility that the transaction will not close or that closing may be delayed; unforeseen or unknown liabilities; costs or expenses related to the transaction; the inability to retain key personnel; difficulties in integrating the acquired business; the risk that expected benefits of the transaction may not be realized or may take longer to realize than expected; and uncertainty as to the long-term value of our common stock. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K and our most recent Quarterly Report on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.
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Analog Devices to Acquire Alif Semiconductor, Adding an AI-Native Processing Platform to Advance Physical Intelligence for the Next Generation of Real-World Systems
