BARCELONA, Spain--(BUSINESS WIRE)--Mar 5, 2026--
The quote in the fifth paragraph of the release dated March 4, 2026, should read: “This collaboration is very important for building a scalable and efficient AI infrastructure in the global tech landscape. In our mission to strengthen digital sovereignty through open-standard, high-performance silicon, this collaboration will explore the combination of RISC-V accelerators with advanced link technologies to tackle the data movement bottlenecks to define the next generation of AI and computing.”
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260302307731/en/
The updated release reads:
PANMNESIA SIGNS STRATEGIC PARTNERSHIP WITH OPENCHIP AT MWC26
AI infrastructure link solution provider expands global technical collaboration.
Panmnesia, a provider of advanced link solutions, announced today that it has signed a Memorandum of Understanding (MOU) with Openchip, a European AI accelerator design company, at MWC26 in Barcelona. The agreement focuses on technical collaboration related to AI/HPC infrastructure.
The agreement marks a step toward technical collaboration aimed at enhancing performance, scalability, and resource efficiency in AI accelerator and infrastructure environments. The two companies exchanged in-depth technical perspectives on link architecture design and system optimization approaches for AI/HPC systems.
As large-scale AI models continue to proliferate, efficient utilization of accelerator resources and high-performance connectivity within data centers have emerged as key competitive factors. In particular, standards-based link technologies that seamlessly connect AI accelerators and infrastructure resources are rapidly gaining industry attention. Under the agreement, the companies are going to explore collaboration opportunities across various link standards and system architecture configurations.
■ Executive Quotes
Myoungsoo Jung, CEO of Panmnesia, said, “As AI accelerator and infrastructure environments evolve rapidly, link technologies are becoming increasingly critical to overall system performance. Through global partnerships, Panmnesia will continue to advance next-generation link technologies for AI infrastructure.”
Cesc Guim, CEO of Openchip, said, “This collaboration is very important for building a scalable and efficient AI infrastructure in the global tech landscape. In our mission to strengthen digital sovereignty through open-standard, high-performance silicon, this collaboration will explore the combination of RISC-V accelerators with advanced link technologies to tackle the data movement bottlenecks to define the next generation of AI and computing.”
■ About Panmnesia
Panmnesia is a company developing advanced link solutions that enhance scalability and resource efficiency in AI infrastructure. The company offers a comprehensive portfolio that includes Link Controllers, Fabric Switches, and Memory Expansion Kits.
In particular, Panmnesia also serves as a partner providing Custom Silicon solutions based on Link Controller and Switch technologies. These solutions enable semiconductor companies to implement silicon chips optimized for scalable data center environments. Through its technologies, Panmnesia supports high-speed communication between devices, memory pooling and sharing, and resource disaggregation and expansion—allowing diverse system devices to be flexibly/efficiently integrated within large-scale data center architectures.
Recently, the company unveiled its CXL** 3.2 / PCIe 6.4 switch product. To further strengthen its technological competitiveness, Panmnesia has independently designed and validated a reference architecture that enables flexible memory expansion without the need for additional GPU deployment.
This technology was recognized for its innovation by receiving CES Innovation Awards for two consecutive years, at CES 2024 and CES 2025.
** CXL (Compute eXpress Link): A high-speed, low-latency interconnect standard that enables organic connection among CPUs, GPUs, and memory, allowing computing resources to be flexibly expanded and utilized as needed.
For more information, visit https://panmnesia.com/.
■ About Openchip
Openchip is a European systems company developing a unique portfolio of RISC-V*–based accelerators, along with full-stack hardware and software infrastructure for next-generation AI and supercomputing applications. Headquartered in Barcelona with a growing presence across Europe, Openchip brings together top-tier talent in silicon engineering and software engineering, with a strong focus on artificial intelligence. Its end-to-end optimized products advance digital sovereignty and deliver best-in-class performance for Europe’s most critical computing needs.
* RISC-V: An open processor architecture standard that allows companies to freely design and customize semiconductor chips.
For more information, visit https://openchip.com/
For more information, please contact: LLYC - openchip@llyc.global
Myoungsoo Jung (left), CEO of Panmnesia, and Cesc Guim (right), CEO of Openchip, pose for a commemorative photo following the signing ceremony.
Iran launched more missiles at Israel and U.S. bases as war in the Middle East enters a sixth day. Israel announced multiple incoming attacks early Thursday and said it was intercepting the missiles.
Meanwhile, the Israeli military said it began new strikes against the Iranian-backed Hezbollah militant group in Lebanon. At least eight people were killed there late Wednesday into Thursday according to Lebanon’s Health Ministry and the state news agency.
Tehran has warned of the destruction of the Middle East’s military and economic infrastructure, and the war has rattled financial markets, with most taking their cues from what the price of oil is doing. Early Thursday, oil prices resumed their ascent.
Here is the latest:
The Iran war has cast a long shadow at the world’s biggest tourism fair, the ITB, underway in Berlin.
Representatives from countries like Qatar, the United Arab Emirates and Israel never made it to the fair as they couldn’t leave their countries due to the closed airspace.
Tourism operators, travel agencies and airlines are currently more concerned about how to bring tens of thousands of stranded travelers back home than trying to sell future trips to the Middle East.
Still, Ramzi Maaytah, the managing director of the Jordan Tourism Board, said he was positive that travel would recover quickly after the end of the war.
“We are optimistic that things will be settled soon, the skies will be clear and tourism will be resumed,” Maaytah said.
The Turkish Foreign Ministry has called for an immediate end to the attacks which it said “target third countries in the region and increase the risk of the war spreading.” It added that Turkey would continue to stand by its ally, Azerbaijan.
Turkey’s Foreign Minister Hakan Fidan discussed the drone attacks with his Azerbaijani counterpart, Jeyhun Bayramov.
A day earlier, NATO forces intercepted a ballistic missile fired from Iran that was heading toward the Turkish airspace.
U.N. peacekeepers in southern Lebanon say they have seen and heard clashes, including ground combat, in southern Lebanon as more Israeli forces have moved across the border.
“Ground combat was observed west of Kfar Kila,” a village near the border with Israel, overnight, which included “firing of shots,” said Tilak Pokharel, spokesperson for the mission known as UNIFIL.
In the town of Khiyam, about 5 kilometers (3 miles) from the Israeli border, he said, peacekeepers saw “air attacks and flares and heard explosions.”
Members of the Iranian community rallied in Bucharest, the Romanian capital, on Thursday, holding up posters of Iran’s exiled crown prince, Reza Pahlavi, as well as Israeli and American flags.
“Make Iran Great Again … Thank you Mr. President,” read one poster, a reference to U.S. President Donald Trump.
Abdolreza Heidari, one of the rally’s organizers, told The Associated Press that it's “a war that people wanted.”
Mehrbod, a student who only gave his first name because of fears for his loved ones back home said his grandparents and friends are in Iran.
“I couldn’t get in touch with them very well because they can’t connect to the internet,” he said. “Last time I talked to them, they were OK. They have hope that something will change because the regime now is at its weakest point.”
The office of Azerbaijan's Prosecutor General said four airport workers were injured in the Iranian drone attack on Nakhchivan, two more than earlier reported. Nakhchivan is a landlocked autonomous exclave of Azerbaijan that borders Iran.
It said the attack inflicted “significant damage” to an administrative building of the Nakhchivan airport, and a flight to Nakhchivan from Baku, Azerbaijan's capital, was diverted back for security reasons.
Azerbaijan’s Defense Ministry decried Iran’s denial of the attack and said it “can in no way be considered acceptable.”
The ministry said Iran fired four drones in the direction of Nakhchivan, including one at a school where classes were underway, and demanded Iran apologize for the attack.
Kenta Kutsuna, a professional Japanese rugby player with the Bahrain Rugby Football Club, has had sleepless nights as missile alerts ping on his phone and air sirens wail every few hours since the war began last weekend.
From the balcony of his apartment in Al Janabiyah, west of the Bahrain capital of Manama, Kutsuna has witnessed attacks on a U.S. military base. A warplane hit a skyscraper, a drone smashed into a residential building, and a barrage of missile interceptors launched from the U.S. base, he said.
“All I could do was to pray,” he said in a video interview with The Associated Press.
When sirens go off, he gathers with his teammates in a windowless living room. He mostly stays indoors, away from the windows with the curtains drawn, venturing out only briefly when he needs groceries.
Japan is arranging chartered flights to Tokyo for its citizens, but Kutsuna plans to stay with his teammates, working out indoors to be ready when matches resume.
The Israeli military issued an evacuation notice Thursday calling for all residents of Beirut’s southern suburbs to “save your lives and evacuate your homes immediately,” apparently signalling plans for heavy bombardment of the area.
Since the resurgence of hostilities between Israel and the Hezbollah militant group, Israel has struck sites in Beirut’s suburbs and issued a blanket warning for residents of southern Lebanon south of the Litani River to evacuate their homes. But it had not issued a blanket evacuation order for areas outside of Beirut’s capital.
After the attacks by the U.S. and Israel on Iran triggered a new war in the Middle East, Hezbollah launched missiles and drones into Israel Monday for the first time in over a year, and Israel has retaliated with bombardment of southern Lebanon and Beirut’s southern suburbs.
Seventy-seven people have been killed and more than 83,000 people displaced in Lebanon by the renewed conflict.
The three countries will work together to ensure freedom of navigation in the Red Sea, according to a French diplomat.
The decision was announced Thursday after French President Emmanuel Macron called Italian Prime Minister Giorgia Meloni and Greek Prime Minister Kyriakos Mitsotakis. The diplomat spoke anonymously in line with government practices.
Noting that the Suez Canal and the Red Sea were under strain, Macron said earlier this week that France was taking the initiative to build a coalition to bring together the necessary means, “including military ones,” to restore and secure traffic through these maritime routes.
The war in the Middle East has blocked access to major ports in the Gulf region, impacting the supply of food to over 50 million people in a region highly dependent on agricultural imports, a ship-spotting platform said Thursday.
MarineTraffic.com said that container vessels heading to ports in the United Arab Emirates, Qatar, Saudi Arabia, Bahrain and Kuwait are now stranded.
This has impacted agricultural supplies to over 50 million people in the Gulf, a region that imports over 90% of its food, it said.
A Sri Lankan minister said Thursday that another Iranian ship has arrived in its waters, a day after a U.S. submarine sank an Iranian warship off the country’s coast, killing at least 87 people and wounding 32 others.
Government spokesman Nalinda Jayatissa confirmed the presence of the second Iranian ship in response to a question in parliament. But he did not provide further details about the ship or the number of people on board.
He said the government was making an “intervention to minimize loss of lives and to safeguard the regional peace.”
The U.N. refugee agency, citing Syrian authorities, told The Associated Press that at least 38,000 people have crossed from Lebanon into Syria – mostly Syrians – in the wake of new fighting between Hezbollah and Israel.
On Wednesday, UNHCR and Lebanese officials said 84,000 people have been internally displaced within Lebanon.
“Across the Middle East and beyond, a troubling displacement picture is emerging in the aftermath of the ongoing conflicts in the region,” UNHCR spokesman Babar Baloch said Thursday.
UNHCR said Wednesday that 100,000 people were displaced within Iran in the first two days after U.S. and Israeli strikes on Iran, but there are no immediate signs of large numbers of people trying to leave the country.
A security official with Iraq’s navy said an oil tanker flying the Bahamas flag was hit by an explosion Thursday while docked near Khor al-Zubair port in southern Iraq. The official spoke on condition of anonymity because he was not authorized to comment publicly.
The official said a small, unidentified boat approached the tanker at 01:20 a.m. local time, shortly before an explosion was heard near the vessel’s left side. The cause of the explosion and the extent of the damage were not immediately clear.
Also Thursday, Iraq’s state-run Iraqi News Agency reported that an attempt to launch missiles from an area in Basra province in southern Iraq “intended to target a neighboring country,” was thwarted and that security forces seized a mobile launch platform carrying two missiles that were ready to be fired.
The United Arab Emirates’ Defense Ministry said Thursday that one ballistic missile and six drones hit the country’s territory, as the war widens in the Middle East.
The ministry added in a statement that it repelled six missiles and 131 drones Thursday, and hundreds since the start of the war.
Earlier this week, shrapnel from the interception of cruise missiles killed three residents, and falling shrapnel in past days has wounded 94, it said.
The death toll in Iran from the ongoing war with the United States and Israel has reached at least 1,230 people, an Iranian government agency said Thursday.
The Iran’s Foundation of Martyrs and Veterans Affairs offered the toll.
Iran’s general staff of the armed forces denied Thursday that it had launched a drone toward Azerbaijan.
The denial comes, however, as Iran has repeatedly denied targeting oil infrastructure and other civilian targets during the war, despite its drone and missile fire hitting those sites.
Iran launched its large Khorramshahr-4 missiles in an attack Thursday targeting Israel, the country’s paramilitary Revolutionary Guard said.
The Guard said the missiles had a 1-ton warhead. The missiles also can be multiple warhead. Israel has said Iran used cluster munitions in attacks.
The Guard claimed attacks in Bahrain, Kuwait and the United Arab Emirates as well.
Indian authorities say that an Iranian warship that was sunk by a U.S. submarine near Sri Lanka had participated in naval exercises hosted by India before heading out into international waters in the Indian Ocean on its way home.
The sinking on Wednesday underscored the spread of the U.S.-Israeli war with Iran. It also ignited a debate in India about maritime security in the Indian Ocean — a region where New Delhi maintains a significant naval presence.
The Indian government has not yet publicly commented on the incident but opposition leaders questioned its lack of response.
The number of people killed in Lebanon since a resurgence in hostilities between Israel and the Hezbollah militant group Monday has risen to 77, with 527 people wounded, the Lebanese health ministry said Thursday.
It was not clear how many of the casualties were civilians. The health ministry had earlier said that seven children were killed.
After the attacks by the U.S. and Israel on Iran triggered a new war in the Middle East, Hezbollah launched missiles and drones into Israel Monday for the first time in over a year, and Israel has retaliated with bombardment of southern Lebanon and Beirut’s southern suburbs.
More than 83,000 people have been displaced in Lebanon by the renewed conflict.
Pakistan has evacuated nearly 2,000 of its nationals, including about three dozen diplomats, from Iran through the southwestern Taftan border following U.S. and Israeli attacks inside the country, officials said.
Balochistan Chief Minister Sarfraz Bugti said in a statement that the evacuees returned through the main land route between the two countries.
He said in recent days, a total of 1,979 people have returned home through the Taftan border, including 37 diplomats.
About 3,500 Pakistani pilgrims, students, and businesspeople were in Iran when the attacks began.
Some Pakistanis have also been evacuated through Azerbaijan, according to the Ministry of Foreign Affairs.
The Taftan border crossing in southwestern Balochistan is commonly used by traders, pilgrims, and travelers between the two countries.
One of the most powerful businessmen in the Middle East has lashed out at U.S. President Donald Trump and questioned his rationale for triggering the war in the Middle East.
Emirati tycoon Khalaf Al Habtoor said in a social media post Thursday that Trump’s decision has put the Gulf and other Arab countries “at the heart of a danger they did not choose.”
He also said the result is “sacrificing American lives in a war that is not theirs to fight.”
A drone interception in the capital of the United Arab Emirates saw shrapnel fall to the ground that wounded six people, authorities said.
The Abu Dhabi Media Office announced the injuries Thursday, saying they happened in the capital’s ICAD II industrial area. That’s near Al Dhafra Air Base, which hosts American forces.
It identified those hurt as being from Nepal and Pakistan.
Italy heightened its national air-defense systems Thursday and said it will send naval support to Cyprus and anti-missile and anti-drone defense systems to Gulf countries that have come under retaliatory strikes from Iran.
The United States hasn’t yet asked to use any of the U.S. bases in Italy for logistical or other operations in its war against Tehran. But if it does, the government will inform Parliament, Premier Giorgia Meloni said Thursday.
The United States has more than 12,000 military personnel on bases across Italy, including army bases in Vicenza and Livorno, the air force bases at Aviano, home to the 31st Fighter Wing, the naval air station at Sigonella in Sicily, and ports at Gaeta and Naples, home to the U.S. Sixth Fleet.
Israeli airstrikes on Thursday hit two indoor sports halls in Iran’s capital, Tehran.
There was no immediate explanation for the targeting choice.
However, Iran’s paramilitary Revolutionary Guard and its all-volunteer Basij use such facilities as rallying points after earlier airstrikes took out their other bases.
The Kremlin said Thursday that Iran hasn’t asked Russia for military assistance as it faces the U.S. and Israeli attacks.
Asked whether Russia could go beyond rhetoric and offer military assistance to its ally, Kremlin spokesman Dmitry Peskov responded that “there have been no requests from the Iranian side.”
He added that “our consistent position is well known, and there have been no changes to it.”
Russian officials have said that a “strategic partnership” treaty Moscow signed with Tehran in January 2025 doesn’t envisage military assistance.
The United States and its Mideast allies have approached Ukraine for help in defending against Iranian Shahed drones, Ukrainian President Volodymyr Zelenskyy said.
He said he has spoken in recent days with the leaders of the United Arab Emirates, Qatar, Bahrain, Jordan and Kuwait about possible cooperation.
Ukrainian assistance, he said, will be provided only if it does not weaken Ukraine’s own defenses and if it adds leverage to Kyiv’s diplomatic efforts to stop the Russian invasion.
“We help to defend from war those who help us, Ukraine, bring a just end to the war” with Russia, Zelenskyy said.
Qatar has condemned the attempted Iranian missile attack against Turkey and the drone attack on an airport in Azerbaijan.
The Foreign Ministry said in a statement Thursday that Iran’s attempts to widen the conflict are dangerous, and that the attacks against Turkey and Azerbaijan are a “dangerous, aggressive escalation and a blatant violation to the nations’ sovereignty.”
A billboard shows a portrait of the late Iranian Supreme Leader Ayatollah Ali Khamenei, who was killed during ongoing joint U.S.-Israeli military strikes, and the words in Farsi: "His God is alive," in Tehran, Iran, Thursday, March 5, 2026. (AP Photo/Vahid Salemi)
Plumes of smoke rise as strikes hit the city during the U.S.–Israeli military campaign in Tehran, Iran, Thursday, March 5, 2026. (AP Photo/Vahid Salemi)
Healthcare workers unload from a vehicle the bodies of Iranian sailors who died when their IRIS Dena warship sank outside Sri Lanka's territorial waters, in Galle, Sri Lanka, Wednesday, March 4, 2026. (AP Photo/Eranga Jayawardena)
Israeli tanks maneuver near the Israel-Lebanon border, in northern Israel, Wednesday, March 4, 2026. (AP Photo/Ariel Schalit)
Tracer rounds light the sky as people fire live rounds into the air during a televised speech by Hezbollah leader Naim Kassem in Dahiyeh, Beirut's southern suburbs, Lebanon, Wednesday, March 4, 2026. (AP Photo/Hassan Ammar)
