Apis Partners Announces Final Close of $1.23 Billion Fund III, Double its Predecessor

Business Wire India

  • Fund III closes 23% above target, more than double Fund II
  • Around 50% of capital raised from existing LPs increasing commitments
  • Fund III to invest in tech-enabled financial infrastructure and services companies across Europe and growth markets

 

Apis Partners Group (UK) Limited (“Apis”), a private equity firm investing in tech-enabled businesses in financial infrastructure and services, today announced the final close of Apis Global Growth Fund III and Apis Growth Markets Fund III (the “Funds” or “Fund III”), with combined commitments of $1.23 billion excluding co-investments, more than double its predecessor, Apis Growth Fund II, at $563 million.

 

The Funds closed 23% above target. Reflecting the strong performance of previous funds, which have already generated in excess of $1 billion in realisations to date, over 70% of existing LPs have re-upped and increased on their previous fund’s commitments, accounting for around 50% of the total capital raised in Fund III. The significant increase in fund size allowed Apis to welcome a number of new investors to its global institutional investor base, including sovereign and supranational investors alongside banks, insurers, pension funds, funds of funds and foundations.

 

 

Fund III will build on the strength of Fund II to invest meaningful minority stakes in high growth, profitable financial infrastructure and services businesses in Europe and select growth markets globally. An active deployer of capital in the sector, Apis has invested approximately $400 million from Fund III across seven investments to date. These include MoneyBox, a leader in the UK digital wealth management space, Coda Recharge, a leading European and Asian platform for prepaid digital goods, and Thunes, a global provider of cutting-edge digital payments infrastructure enabling instant cross-border money transfers, payment acceptance, and acquiring services headquartered in Singapore.

 

 

Matteo Stefanel, Apis Co-Founder and Managing Partner said: “We are delighted to welcome so many new and returning investors into Fund III. We continue to see opportunities in our target segment of profitable, high growth, tech-enabled financial infrastructure and services companies. We are well on our way to replicating the success of previous funds, by leveraging our experience in this sector and bringing capital and connectivity to our portfolio companies as we invest in the conduits to global economic activity, the pipes of the finance industry.”

 

 

Udayan Goyal, Apis Co-Founder and Managing Partner added: “We are incredibly grateful to our investors for their strong support of our sector-focused strategy, validating our belief that specialist funds outperform generalist funds. We look forward to continuing to invest in our key themes of embedded finance, democratisation of finance and the deepening of the digital economy through capital-light, high growth disruptive business models around the world whilst applying our proprietary impact methodology.”

 

 

The close of Fund III marks an active 12 months including three investments and realisations including exiting iKhokha and Baobab to Nedbank and Beltone Capital respectively. Apis was the highest ranked European private equity firm in HEC Dow-Jones’ 2025 growth capital private equity performance ranking and second globally, underscoring its consistent outperformance in delivering strong returns to investors.

 

 

Notes to Editors

 

 

Headquartered in London, Apis Partners (“The Firm”) is a private equity firm investing in tech-enabled financial infrastructure and services across Europe and growth markets, with US$2.3 billion AUM. The Firm invests in profitable, proven business models, partnering with management teams to support long-term growth and value creation.

 

 

For over a decade, we have invested in businesses across payments, insurance, and lending, that are the conduits through which the global economy flows. These businesses sit within regulatory and operational frameworks, and are attractive to strategic acquirers globally.

 

 

With over 40 professionals across three locations in London, Dubai and Singapore, responsible investment is embedded in how we operate, with ESG and impact considerations fully integrated throughout our investment process

 

 

Apis was the highest-ranked financial sector-focused firm and #2 globally in the 2025 HEC Paris-Dow Jones Growth Equity Investor Ranking.

 

 

www.apis.pe

 

 

LinkedIn: https://www.linkedin.com/company/apis-partners/

 

 

 

 

 

F5 Appoints Dhananjay Ganjoo to Lead India and SAARC Growth, Rejoining to Spearhead AI-Driven Security Strategy

India, May 07: F5 today announced the appointment of Dhananjay Ganjoo as Country Manager for India and the South Asian Association for Regional Cooperation (SAARC) region. In his new tenure, Dhananjay will be responsible for driving F5’s regional growth strategy, strengthening customer and partner relationships, and advancing F5’s leadership in application delivery, security and AI.

The announcement was made at AppWorld Mumbai, F5’s flagship conference dedicated to modern application delivery and hybrid-cloud security.

Dhananjay returns to F5 following a two-year leadership tenure at The Akshaya Patra Foundation, where he drove resource mobilization and large-scale brand advocacy for PM POSHAN. His efforts in driving high- impact communications and partnerships contributed to expand reach, stronger stakeholder engagement, and measurable resource mobilization outcomes.

India and SAARC are at a critical inflection point in their digital evolution,” said, Dhananjay Ganjoo, Country Manager for India and SAARC“It is a privilege to return to F5 at a time when our mission to deliver secure, AI-ready applications has never been more relevant. I look forward to working with our incredible team and ecosystem to drive the next wave of innovation for our customers.”

“We are thrilled to welcome Dhananjay back to F5 at such a pivotal moment. The India and SAARC region remain a massive engine for our global strategy,” Adam Judd, SVP of Sales, APCJ, F5. “With his cross-industry expertise and knowledge of the region’s technology ecosystem and his relentless drive for innovation, I am confident that his leadership will empower our team to reach new heights and redefine what’s possible for F5 in the region.” 

Dhananjay brings over three decades of experience in the technology industry. Prior to F5, he held leadership roles across organisations including Microsoft, Juniper Networks, and Nortel, and founded Envoy Labs, a consultancy focused on startups and SMBs.

At AppWorld Mumbai, F5 showcased its latest innovations in AI security and post-quantum cryptography, highlighting its commitment to helping Indian enterprises deploy AI with confidence across multi-cloud environments.

Goa to host Shackathon: India’s first beachside workation experience

Goa to host Shackathon: India’s first beachside workation experience

Altinho, May 07: The Department of Information Technology, Electronics and Communications (DITE&C), Government of Goa, is set to host ‘Goa Shackathon’ on May 21-22 2026. As the name suggests, Goa Shackathon blends the concept of a hackathon with Goa’s beach shacks, offering a unique setting where solutions are built by the shore. Inspired by unconventional spaces that have sparked some of the world’s most renowned developments in the technology space, this two-day workation experiencereimagines the way India works, creates and collaborates.

 
Set against the backdrop of Goa’s sandy shores, the event will bring together startups, innovators, designers, remote professionals, students and influencers for an immersive blend of work, ideation and beachside collaboration. The event will be hosted across curated beach shacks, transforming them into creative workstations that encourage innovation outside traditional office environments.
 
Speaking about this upcoming initiative, the Hon’ble Minister for Information Technology, Electronics & Communications and Tourism, Shri. Rohan Khaunte highlighted, “Goa offers a rare synergy where one can work, think and live in perfect harmony. With this Goa Shackathon, we’re showcasing the state as a global hub for remote work and creative innovation, where talent can thrive in an environment that inspires both productivity and wellbeing.”
 
Beyond workspaces by the sea, the Goa Shackathon will include experiential activities including watersports and sightseeing, giving participants a real sense of what working in Goa feels like. Alongside breakout sessions on technology, startups and remote work culture, a hackathon will run simultaneously where participants will identify problem statements which will be solved using technology.
 
By transforming its coastline into innovative workspaces, Goa is reinforcing its growing identity as a preferred destination for digital nomads and creative professionals. Interested influencers, designers, students and remote professionals are invited to register for this unique experience through the official registration form https://forms.gle/QS5GA3Q9PpJxCgQB8.

Yanolja Acquires InnKey to Expand Global Enterprise Hospitality Platform

Business Wire India

Yanolja Co., Ltd. (“Yanolja”), a global travel technology company, today announced its acquisition of InnKey, an India-based enterprise hospitality platform. The transaction, executed through Yanolja Cloud Solution (YCS), accelerates Yanolja’s expansion into the global enterprise hospitality sector.

InnKey provides a unified platform that integrates front office, food and beverage (F&B), purchase and procurement, financial accounting, and guest engagement, supporting more than 500 hotels across India. The acquisition strengthens Yanolja’s ability to support multi-property hotel groups with integrated solutions that streamline operations and enhance guest experience at scale.

“InnKey was built to unify hotel operations on a single platform and help operators manage increasing complexity as they scale,” said Viral Shah, Founder & CEO, InnKey. “Joining Yanolja allows us to bring that capability to a broader global customer base, supporting larger, multi-property hotel groups across new markets.”

InnKey’s platform has been deployed across leading hotel groups in India, including The Fern, Pride, Orchid, Treat, and Accord, and has integrated with global ecosystems such as Marriott International. These deployments demonstrate the platform’s ability to meet international standards for complex, multi-property operations and high Security Standards. 

As hotel operators expand across regions, demand is increasing for integrated solutions that centralize operations and provide real-time visibility across properties. InnKey’s platform addresses longstanding industry challenges caused by fragmented systems across reservations, front office, F&B, and finance.

“InnKey strengthens our platform with deep hospitality expertise developed in high-growth markets,” said Aeijaz Sodawala, CEO of Yanolja Cloud Solution. “The synergy between InnKey’s enterprise platform and Yanolja Cloud Solution creates a powerful engine for global growth to serve the full spectrum of the hospitality industry from boutique stays to global hotel chains.”

The transaction also reflects Yanolja’s commitment to the next era of travel technology.

“Yanolja is committed to transforming hotel operations in the age of AI,” said Junyoung Lee, Group CTO of Yanolja. “The future we envision is no longer a space merely managed by people, but a seamless system powered by AI. Through this evolution, operations will achieve unprecedented efficiency and reduce manual work, enabling staff to focus entirely on what matters most, the guest experience.” 

The acquisition builds on an existing partnership and positions InnKey for expansion into the Middle East and Southeast Asia, with no disruption to existing customers or ongoing projects.

Retail Inflation Seen Near 4pc in April as Food Costs and Global Pressures Intensify

Retail Inflation Seen Near 4pc in April as Food Costs and Global Pressures Intensify

New Delhi, May 7 (BNP): India’s retail inflation is expected to inch closer to the 4 per cent mark in April 2026 amid mounting pressure from rising food prices and uncertain global commodity trends, according to a report by Bank of Baroda.

 The report highlighted that price pressures across essential commodities have strengthened steadily over the past three months, signalling a gradual build-up in inflationary trends. The Bank of Baroda Essential Commodities Index (BOB ECI) increased 1.1 per cent year-on-year in April, while recording a 0.3 per cent rise on a monthly basis — the sharpest monthly increase since August 2025.

Analysts pointed to a noticeable rise in the prices of key kitchen staples such as tomatoes, onions, and edible oils, along with other household essentials. The report observed that inflationary pressure is no longer confined to isolated items and is becoming increasingly widespread across categories.

The bank warned that the inflation outlook remains vulnerable to global developments, especially as geopolitical tensions continue to keep international commodity markets volatile. Elevated prices of crude oil, metals, and food commodities in the global market could add to domestic inflationary pressures in the coming months.

It also noted that imported inflation risks are becoming more pronounced, particularly in segments like edible oils that are heavily dependent on global supply chains and overseas pricing trends.

While inflation is still expected to remain broadly within the Reserve Bank of India’s tolerance range, economists believe the balance of risks has shifted upward due to persistent food inflation and uncertain global conditions.

The report stressed the need for close monitoring of commodity prices and geopolitical developments, as any further spike in global costs could have a direct impact on household expenses and overall inflation trends in India.

 

Shakti Energy Solutions Showcased Innovative Solar Rooftop Solutions Powering Sustainable Industries at PowerPax India 2026

Varanasi, May 7: Shakti Energy Solutions marked a strong presence at PowerPax India – Renewable Energy Expo, held on May 2–3, 2026, at Deendayal Hasthkala Sankul, Varanasi. The two-day expo brought together key stakeholders from across the renewable energy ecosystem, serving as a dynamic platform for innovation, collaboration, and knowledge exchange.

Shakti Energy Solutions Showcased Innovative Solar Rooftop Solutions Powering Sustainable Industries at PowerPax India 2026

At the event, Shakti Energy Solutions showcased its advanced on-grid solar rooftop systems under its Shakti On Roof offering. Designed for high efficiency, reliability, and long-term performance, these solutions reflect the company’s commitment to accelerating clean energy adoption across residential, commercial, and industrial sectors.

At its dedicated exhibit, the company presented a range of high-performance rooftop solar systems engineered to maximize energy output while ensuring long-term cost savings. The solutions attracted significant interest from business owners, institutional buyers, and industry professionals exploring dependable and sustainable energy alternatives.

The company received an encouraging response from visitors and partners, reinforcing confidence in its technology and approach. The participation further strengthened Shakti Energy Solutions’ positioning as a reliable provider of future-ready clean energy solutions.

Throughout the expo, the team engaged closely with attendees to understand evolving energy requirements, rising electricity costs, and the growing shift toward decentralized power generation. These interactions highlighted the increasing demand for efficient rooftop solar systems and reinforced the company’s customer-centric approach.

The participation also enhanced Shakti Energy Solutions’ presence in Uttar Pradesh—an emerging market for solar adoption driven by supportive government policies and increasing awareness. With rooftop solar gaining momentum across the region, the company is well-positioned to support this transition through scalable and dependable solutions.

PowerPax India 2026 served as a valuable platform for the company to showcase its capabilities, build meaningful industry connections, and contribute to India’s expanding renewable energy landscape.

Indian Markets Rise on US-Iran Peace Hopes; Sensex Gains 380 Points in Early Trade

Mumbai, May 7 (BNP): Indian benchmark indices traded in positive territory on Thursday morning as investor sentiment improved amid expectations of a possible diplomatic breakthrough between the United States and Iran.

Indian Markets Rise on US-Iran Peace Hopes; Sensex Gains 380 Points in Early Trade

The BSE Sensex rose nearly 380 points, or 0.48 per cent, touching an intraday high of 78,339.24. The NSE Nifty also advanced by around 92 points, or 0.37 per cent, to trade near 24,423 in early deals.

Despite the broader gains, several heavyweight stocks witnessed selling pressure. Among the notable laggards on the Nifty were Tata Consumer Products, Power Grid Corporation, Hindustan Unilever, TCS, HDFC Bank, Titan, NTPC, and Sun Pharma.

Sector-wise, indices linked to real estate, FMCG, consumer durables, and private banks slipped up to 0.7 per cent. On the other hand, auto and metal stocks outperformed, with both sectors posting gains of nearly 0.8 per cent.

Analysts attributed the positive market mood to reports suggesting Iran is reviewing a peace proposal backed by the US. According to international reports, the proposed framework could help ease ongoing tensions in West Asia, although major concerns surrounding Iran’s nuclear programme and the Strait of Hormuz remain unresolved.

An Iranian foreign ministry spokesperson indicated that Tehran would soon share its response to the proposal, while US President Donald Trump expressed confidence that Iran is willing to negotiate.

Market experts, however, cautioned that volatility may continue due to geopolitical uncertainty and fluctuating crude oil prices. They noted that investor sentiment is currently swinging between optimism over diplomatic progress and fears linked to the broader regional conflict.

Analysts also flagged concerns over rising valuations in the artificial intelligence segment globally, warning that any sharp correction in AI-related stocks could impact foreign portfolio investment flows into emerging markets, including India.

On the earnings front, market participants said investors are rewarding companies that delivered strong March quarter results, while firms missing expectations are facing sharp reactions.

In the commodities market, Brent crude traded around $102.50 per barrel, up 1.2 per cent, while US West Texas Intermediate (WTI) crude gained nearly 1.5 per cent to trade close to $96.50 per barrel.

Asian markets mirrored the positive momentum, with indices such as the Nikkei, Hang Seng, and KOSPI trading firmly higher. Overnight, Wall Street also ended on a strong note, with the S&P 500 gaining 1.46 per cent and the Nasdaq rising 2 per cent.

SK Telecom Announces Q1 2026 Results

Seoul, Korea, May 07–SK Telecom (NYSE:SKM, hereinafter referred to as “SKT”) today announced its consolidated earnings for the first quarter of 2026, based on Korean International Financial Reporting Standards (K-IFRS): revenue of KRW 4.3923 trillion, operating income of KRW 537.6 billion, and net income of KRW 316.4 billion.

Revenue increased 1.5% quarter over quarter (QoQ), driven by a recovery in the wireless business and growth in the AI Data Center (AIDC) business. Through company-wide productivity improvement efforts, operating income exceeded KRW 500 billion on a quarterly basis for the first time since the first quarter of last year.

Following a period of subdued performance last year, SKT posted a clear turnaround in the first quarter of 2026, driven by efforts to innovate customer value and restore trust. The company’s AI business, built on a strategy of focus and selectivity, also improved its profitability and delivered tangible results.

On a non-consolidated basis, the company reported revenue of KRW 3.1058 trillion, operating income of KRW 409.5 billion, and net income of KRW 332.7 billion. SKT also reinstated its quarterly dividend, with a dividend of KRW 830 per share for the first quarter.

■ Handset subscribers up 210,000 as trust restoration efforts bring customers back

SKT achieved net additions of approximately 210,000 handset subscribers in the first quarter of 2026. Mobile service revenue increased 1.7% QoQ. These results are attributable to the company’s commitment to placing customers at the core of its business and implementing a range of measures to strengthen fundamental competitiveness.

SKT recently revamped its membership program to expand customer benefits and improve ease of use. The company is also advancing a restructuring of its rate plans to further enhance customer choice.

SK Broadband, the company’s fixed-line subsidiary, recorded revenue of KRW 1.1498 trillion and operating income of KRW 116.6 billion, up 3.2% and 21.4% year over year (YoY), respectively, driven by growth in high-speed internet subscribers.

AI Data Center business accelerates, fuelling full-scale push into AI B2B market

SKT’s AI business is delivering tangible results through its strategy of focus and selectivity.

The AIDC business, a key growth engine, recorded revenue of KRW 131.4 billion in the first quarter, surging 89.3% YoY. Performance was driven by higher utilization rates at data centers including the Gasan (Seoul) data center, as well as increased revenue from GPUaaS (GPU-as-a-Service), adding further momentum to the business.

A service that provides GPU resources in a cloud-based model according to customer demand

As AI infrastructure demand from global Big Tech companies accelerates rapidly, SKT plans to reinforce its competitiveness across the full AIDC value chain and continuously expand its infrastructure footprint.

The company will also broaden its push into the AI Business-to-Business (B2B) market. As the only domestic provider with full-stack capabilities spanning AI infrastructure, models, and services, and drawing on its accumulated experience in the enterprise business, SKT plans to make a full-scale entry into the AI B2B market going forward. To this end, the company has recently established an integrated organization to drive enterprise business, reporting directly to the CEO.

In the AI Business-to-Consumer (B2C) space, SKT plans to enhance its fundamental competitiveness by creating synergies between the AI agent business and the telecommunications industry. In particular, its flagship AI service ‘A.’ (pronounced “A-dot”) is set to enhance its performance by leveraging a sovereign AI foundation model on par with leading global models, thereby strengthening its standalone competitiveness.

“The first quarter of 2026 was a meaningful period in which we delivered tangible results in line with this year’s goals — strengthening fundamental competitiveness centered on customer value and restoring profitability through a focused AI business,” said Park Jong-seok, CFO of SK Telecom. “Going forward, we will make every effort to restore our earnings by generating sustained results.”

The conference call in regard to SKT’s 1Q 2026 earnings results can be heard via SKT’s webpage on Thursday, May 7, from 16:00 Seoul Time.

Attachment 1. Summary of Consolidated Income Statement (Unit: KRW billion)

 

Type

26.1Q

25.1Q

YoY

25.4Q

QoQ

Revenue

4,392.3

4,453.7

△1.4%

4,328.7

1.5%

Operating Income

537.6

567.4

△5.3%

119.1

351.3%

Net Income

316.4

361.6

△12.5%

97.0

226.2%

Attachment 2. Summary of Non-Consolidated Income Statement (Unit: KRW billion)

 

Type

26.1Q

25.1Q

YoY

25.4Q

QoQ

Revenue

3,105.8

3,167.5

△1.9%

3,083.7

0.7%

Operating Income

409.5

482.4

△15.1%

130.8

213.2%

Net Income

332.7

474.6

△29.9%

106.0

214.0%

 

Epson celebrates innovation and sustainable design at Australian Fashion Week 2026

SYDNEY, May 07– As the official digital print and projector partner of the Australian Fashion Council (AFC), Epson Australia has announced its participation in Australian Fashion Week 2026, taking place from 11–15 May 2026 at the Museum of Contemporary Art (MCA) and venues across Sydney.

 

Epson celebrates innovation and sustainable design at Australian Fashion Week 2026

 (l-r) Epson Australia Managing Director Craig Heckenberg, Samantha Delgos, General Manager, Australian Fashion Council, Marianne Perkovic, Executive Chair, Australian Fashion Council and Epson Australia Corporate Marketing Manager, Priscilla Dickason

This year’s event will bring together the nation’s most creative and forward‑thinking designers and innovators in a celebration of Australian culture, design and sustainable fashion manufacturing. 

For Epson, participation in Australian Fashion Week builds on its continuing partnership with the Australian Fashion Council, strengthening a shared commitment to fostering a more sustainable, innovative and locally empowered fashion industry.

Epson A/NZ MD Craig Heckenberg said, “As a key strategic partner of the AFC, we are fully committed to our support of Australian Fashion Week 2026. Together with the AFC, Epson is championing the future of Australian fashion manufacturing by creating meaningful opportunities between designers, brands and local makers. We’re showcasing how digital textile printing technology supports more sustainable, on‑demand production, helping designers bring their creativity to life locally and responsibly.”

A highlight of Epson’s program at Australian Fashion Week 2026 will be ‘Meet the Makers’, a curated matchmaking experience co‑hosted with the AFC and part of the AFC Talks, presented by Afterpay during AFW. The event brings Australian fashion brands and local manufacturers together under one roof, allowing designers to discover the craftsmanship, skill and production capacity available within Australia’s own borders.

Epson will take a leading role in the manufacturer showcase, demonstrating how digital textile printing technologies, such as the Epson Monna Lisa direct‑to‑fabric printer, integrate seamlessly into modern local production.

Featuring water‑based pigment inks and precision print technology, the Monna Lisa enables sustainable on‑demand manufacturing, reducing waste and making local production far more cost‑effective.

 

Epson celebrates innovation and sustainable design at Australian Fashion Week 2026

Epson Monna Lisa direct‑to‑fabric printer

By connecting brands with local manufacturing capability, Epson aims to help strengthen domestic supply chains, empower Australian fashion makers and reduce the environmental footprint of fashion creation.

Epson is also partnering with the AFC as the naming sponsor of the Epson Media Centre at AFW, providing a dedicated hub where local and international press can capture, file and share the stories shaping Australian fashion throughout the week. It’s also where the press and media can report on AFC Talks, presented by Afterpay.

“AFC Talks, presented by Afterpay, brings together the conversations that are most critical to our industry right now and shaping its future,” said Marianne Perkovic, Chair of the Australian Fashion Council. “These sessions go to the heart of the challenges we face and the opportunities ahead, from building global distribution to developing circular business models that deliver both commercial outcomes and cultural impact. They also recognise the broader economic importance of the fashion industry and the critical role it plays as a connected ecosystem. AFC Talks provides a platform to hear directly from industry leaders, share insights and bring the community together beyond the runway, creating space for everyone to engage, connect and help shape the future of Australian fashion.”

Epson’s involvement in Australian Fashion Week complements its ongoing collaboration with the AFC on long‑term initiatives that support onshore manufacturing, skills development and sustainability across the fashion and textile sector.

Since 2023, Epson and the AFC have worked together to:

• Deliver research on the current and future state of Australian fashion manufacturing

• Undertake a feasibility study for a smart manufacturing facility, integrating advanced machinery, software and digital production systems to support a local, on-demand model

• Explore circular economy pathways and sustainability programs to ensure the industry transitions responsibly by 2030

Epson also fully supported the AFC’s National Manufacturing Strategy launched in March 2026 at Parliament House to drive investment and innovation.

These collective efforts aim to build a future where Australian designers can produce collections sustainably and competitively on home soil supported by technologies that enhance efficiency and enable creative freedom.

Heckenberg added, “By showcasing what’s increasingly possible onshore, we will collectively strengthen local supply chains. The AFC’s National Manufacturing Strategy, which Epson proudly supports, represents an important step toward building a more resilient, sustainable and innovative future for Australian fashion.”

Epson’s global leadership in digital textile printing positions it as a technology partner of choice for designers and manufacturers seeking to produce responsibly and efficiently.

With solutions such as its Monna Lisa direct-to-fabric series printers Epson enables print‑on‑demand manufacturing that minimises waste, reduces energy use and shortens supply chains – all key goals for an industry striving to meet both environmental and creative challenges.

Epson’s participation in Australian Fashion Week 2026 underlines its role as a technology enabler for local innovation, connecting creativity with sustainability while supporting the AFC’s mission to future‑proof Australian fashion.

Australian Fashion Week 2026
Dates: 11–15 May 2026
Venues: Museum of Contemporary Art (MCA) and various locations around Sydney
Presented by: The Australian Fashion Council

Toshiba Releases 2:1 Multiplexer / 1:2 Demultiplexer Switches Supporting High-Speed Differential Signals such as PCIe® 6.0 and USB4® Version 2.0

Business Wire India

Toshiba Electronic Devices & Storage Corporation (“Toshiba”) has launched “TDS5C212MX” and “TDS5B212MX,” 2:1 multiplexer (Mux) / 1:2 demultiplexer (De‑Mux) switches that support next-generation high-speed interfaces such as PCIe® 6.0 [1] and USB4® Version 2.0 [2]. Volume shipments of the new products start today.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260506857843/en/

 

 

Toshiba: TDS5C212MX and TDS5B212MX, multiplexer/demultiplexer switches for high-speed differential signals such as PCIe® 6.0 and USB4® Ver.2, for PCs, servers and more.

Toshiba: TDS5C212MX and TDS5B212MX, multiplexer/demultiplexer switches for high-speed differential signals such as PCIe® 6.0 and USB4® Ver.2, for PCs, servers and more.

 

As servers, industrial testers, robots, and PCs continue to evolve, demand is growing for reliable switching of ultra‑high‑speed, wide‑bandwidth differential signals—such as PCIe® 6.0 and USB4® Version 2.0—within increasingly limited board space. Toshiba’s new products meet this requirement with a proprietary SOI process (TarfSOI™) [3] that achieves an industry‑leading [4] -3‑dB bandwidth (differential) of 34GHz (typ.) for TDS5C212MX and 29GHz (typ.) for TDS5B212MX. These wide bandwidths significantly suppress signal waveform distortion and help to improve reliability in high-speed data transmission.

 

The new devices can be used as 2-input/1-output Mux switches or 1-input/2-output De-Mux switches in high-speed differential signal applications, such as PCIe® 6.0 and USB4® Version 2.0. They support sharing of a single high-speed interface among multiple devices and switching signal paths according to system requirements.

 

 

Both products feature pin layouts optimized for high-frequency characteristics. In particular, TDS5C212MX minimizes signal path length to reduce reflections and losses, improving high-speed signal integrity. They both support an operating temperature range of -40°C to 125°C, making them suitable for industrial applications.

 

 

Toshiba will continue to contribute to next‑generation systems by developing high‑performance, highly reliable analog switches that support the evolution of high‑speed interfaces.

 

 

Notes:

[1]

A next-generation interface standard defined by PCI-SIG that doubles the data transfer rate to 64 GT/s compared with PCIe® 5.0.

[2]

An interface standard defined by USB‑IF that supports high‑speed data transfer of up to 80 Gbps.

[3]

TarfSOI™ (Toshiba advanced RF SOI): TarfSOI™ is an SOI-CMOS (silicon-on-insulator-complementary metal oxide semiconductor) front-end process technology developed by Toshiba for high‑frequency semiconductor applications.

[4]

As a 2:1 Mux / 1:2 De-Mux switch. Based on Toshiba survey as of May 2026.

 

 

Applications

 

  • Industrial testers, robots
  • PCs, servers, mobile devices, wearable devices, etc.

 

 

Supported Interfaces

 

  • PCIe® series: PCIe 6.0 / 5.0 / 4.0 / 3.0
  • CXL™ series: CXL 3.0 / 2.0 / 1.0
  • USB series: USB4® Version 2.0 / USB4® / USB 3.2 Gen2×1 / Gen1×1
  • Thunderbolt™ series: Thunderbolt 5 / 4 / 3 / 2
  • DisplayPort™ series: DisplayPort 2.0 / 1.4 / 1.3 / 1.2

 

 

Features

 

  • High -3-dB bandwidth (differential) supporting high‑speed differential signals such as PCIe® 6.0 and USB4® Version 2.0
    TDS5C212MX: 34GHz (typ.)
    TDS5B212MX: 29GHz (typ.)
  • Wide operating temperature range: -40°C to 125°C

 

 

Main Specifications

 

Part number

TDS5C212MX

TDS5B212MX

Package

Name

XQFN16

Size (mm)

2.4×1.6 (typ.), t=0.4 (max)

Operating ranges

 

(Ta=-40 to 125°C)

Supply voltage VCC (V)

1.6 to 3.6

Signal pins differential voltage

 

VI/O(Diff) (V)

0 to 1.8

Signal pins common mode voltage

 

VI/O(Com) (V)

0 to 2.0

DC characteristics

 

(Ta=-40 to 125°C)

Current consumption Iope (μA)

VS = 0V

Typ.

70

High frequency characteristics

 

(Ta=25°C)

–3-dB Bandwidth (differential) BW(Diff) (GHz)

Typ.

34

29

Differential insertion loss

 

DDIL (dB)

f=5.0GHz

Typ.

-0.7

-0.7

f=8.0GHz

-0.8

-0.8

f=10.0GHz

-0.9

-0.9

f=12.8GHz

-1.1

-1.1

f=16.0GHz

-1.2

-1.2

Differential return loss

 

DDRL (dB)

f=5.0GHz

Typ.

-21

-20

f=8.0GHz

-24

-20

f=10.0GHz

-21

-19

f=12.8GHz

-20

-20

f=16.0GHz

-14

-15

Differential OFF isolation

 

DDOIRR (dB)

f=5.0GHz

Typ.

-33

-36

f=8.0GHz

-27

-29

f=10.0GHz

-25

-26

f=12.8GHz

-24

-26

f=16.0GHz

-24

-27

Differential Crosstalk

 

DDXT (dB)

f=5.0GHz

Typ.

-41

-41

f=8.0GHz

-37

-37

f=10.0GHz

-35

-35

f=12.8GHz

-33

-33

f=16.0GHz

-31

-31

Sample Check & Availability

Buy Online

Buy Online

         

 

 

 

Follow the links below for more on the new products.
TDS5C212MX
TDS5B212MX

 

Follow the link below for more on Toshiba’s General Purpose Logic ICs.
General Purpose Logic ICs

 

 

To check availability of the new products at online distributors, visit:
TDS5C212MX
Buy Online

 

 

TDS5B212MX
Buy Online

 

 

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* DisplayPort™ is a trademark owned by the Video Electronics Standards Association (VESA®) in the United States and other countries.
* PCIe® is a registered trademark of PCI-SIG.
* TarfSOI™ is a trademark of Toshiba Electronic Devices & Storage Corporation.
* Other company names, product names, and service names may be trademarks of their respective companies.
* Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice.

 

 

About Toshiba Electronic Devices & Storage Corporation

 

 

Toshiba Electronic Devices & Storage Corporation, a leading supplier of advanced semiconductor and storage solutions, draws on over half a century of experience and innovation to offer customers and business partners outstanding discrete semiconductors, system LSIs and HDD products.

 

 

Its 17,400 employees around the world share a determination to maximize product value, and to promote close collaboration with customers in the co-creation of value and new markets. The company looks forward to building and to contributing to a better future for people everywhere.

 

 

Find out more at https://toshiba.semicon-storage.com/ap-en/top.html