SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov 14, 2024--
The recently announced xMEMS XMC-2400 µCooling™ chip, the first-ever all-silicon, active micro-cooling air pump for small, thin electronics devices and next-generation artificial intelligence (AI) solutions, has been named a CES Innovation Awards ® 2025 Honoree in the best in computer hardware and components category.
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The CES Innovation Awards program is an annual competition honoring outstanding design and engineering in 33 consumer technology product categories. The program received a record number of submissions – over 3,400. The announcement comes ahead of CES 2025, the world’s most powerful technology event, happening Jan. 7-10 in Las Vegas, NV.
The xMEMS XMC-2400 active micro-cooling (µCooling) chip allows manufacturers, for the first time, to integrate active cooling into smartphones, tablets, XR, smart glasses, cameras, SSDs, and other advanced mobile devices with a silent, vibration-free, solid-state chip that measures just 1-millimeter thin.
“We’re honored for our revolutionary XMC-2400 ‘fan-on-a-chip’ to be recognized by the CES Innovation Awards for the legitimate breakthrough that it is,” said Joseph Jiang, xMEMS CEO and Co-Founder. “Up until now, thermal management of thin, small form-factor electronics has been a massive challenge for manufacturers and consumers. XMC-2400 is poised to address those challenges and it comes at a critical moment in the industry – as ultramobile devices are running more processor-intensive AI applications.”
Measuring just 9.26 x 7.6 x 1.08 millimeters and weighing less than 150 milligrams, the XMC-2400 is 96 percent smaller and lighter than non-silicon-based, active-cooling alternatives. A single XMC-2400 chip can move up to 39 cubic centimeters of air per second with 1,000Pa of back pressure. The all-silicon solution offers semiconductor reliability, part-to-part uniformity, high robustness, and is IP58 rated.
xMEMS will be demonstrating the XMC-2400 at CES in The Venetian Suite 29-235 in Las Vegas January 7-10, 2025. Click here to schedule an appointment.
For more information about xMEMS and its μCooling solutions, visit xmems.com. For hi-res imagery, click here.
The CES Innovation Awards 2025 honorees, including product descriptions and photos, can be found at CES.tech/innovation. An elite panel of industry expert judges, including members of the media, designers, engineers, and more, reviewed submissions based on innovation, engineering and functionality, aesthetic, and design.
About xMEMS Labs, Inc.
Founded in January 2018, xMEMS Labs is the “X” factor in MEMS with the world’s most innovative piezoMEMS platform. It began by delivering the world’s first solid-state True MEMS speakers for TWS and other personal audio devices and evolved its substantial IP to produce the world’s first μCooling fan on a chip for smartphones and other thin, performance-oriented devices. xMEMS has over 200 granted patents worldwide for its technology. For more information, visit https://xmems.com.
Source: xMEMS Labs, Inc.
WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed's officials want to see where it heads next.
Powell, speaking in Dallas, said that inflation is edging closer to the central bank's 2% target, “but it is not there yet."
At the same time, he said, the economy is strong, and the policymakers can take time to monitor the path of inflation.
“The economy is not sending any signals that we need to be in a hurry to lower rates,” the Fed chair said. “The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully.”
Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week and half-point cut in September.
But the Fed's steps after that are much less clear. In September, the central bank's officials collectively signaled that they envisioned cutting their key rate four times in 2025. Wall Street traders, though, now expect just two rate reductions, according to futures pricing tracked by CME FedWatch. And after Powell's cautious remarks Thursday, traders estimated the likelihood of a Fed rate cut in December at just below 59%, down from 83% a day earlier.
The Fed's benchmark interest rate tends to influence borrowing rates across the economy, including for mortgages, auto loans and credit cards. Other factors, though, can also push up longer-term rates, notably expectations for inflation and economic growth.
For example, Donald Trump's presidential election victory has sent yields on Treasury securities higher. It is a sign that investors expect faster growth next year as well as potentially larger budget deficits and even higher inflation should Trump impose widespread tariffs and mass deportations of migrants as he has promised.
In his remarks Thursday, Powell suggested that inflation may remain stuck somewhat above the Fed's target in the coming months. But he reiterated that inflation should eventually decline further, “albeit on a sometimes bumpy path.”
Under questioning, Powell also explained why he considers the Fed's role as an independent federal agency to be crucial to its ability to fight inflation. During his first term, Trump threatened to try to fire Powell for not cutting interest rates. And during this year’s election campaign, Trump asserted that as president, he should have a “say” on the Fed's rate policies.
Powell said Thursday that the Fed's independence from political concerns has made the public confident that the policymakers will keep inflation low over time. That confidence, in turn, has helped reduce inflation after it had spiked in the wake of the pandemic. When consumers and businesses expect inflation to slow, they act in ways that help hold it down — by, for example, not demanding high cost-of-living raises.
“The public," Powell said, "believed that we would get inflation down, that we would restore price stability. And that’s ultimately the key to it.”
Powell declined to comment on other political topics, including the potential impacts of Trump's proposals to impose sweeping tariffs and implement mass deport
Other Fed officials have also recently expressed uncertainty about how much more they can cut rates, given the economy’s steady growth and the apparent stickiness of inflation.
As measured by the central bank’s preferred inflation gauge, so-called core prices, which exclude volatile food and energy costs, have been stuck in the high 2% range for five months.
On Wednesday, Lorie Logan, president of the Fed’s Dallas branch, said it was not clear how much more the Fed should cut its key short-term rate.
“If we cut too far ... inflation could reaccelerate and the (Fed) could need to reverse direction,” Logan said. “I believe it’s best to proceed with caution.”
Federal Reserve Chair Jerome Powell, left, speaks to the Dallas Regional Chamber as moderator Catherine Rampell looks during an event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)
Federal Reserve Chair Jerome Powell, left, speaks to the Dallas Regional Chamber as moderator Catherine Rampell looks during an event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)
Federal Reserve Chair Jerome Powell, left, speaks to the Dallas Regional Chamber as moderator Catherine Rampell looks during an event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)
Federal Reserve Chair Jerome Powell speaks to the Dallas Regional Chamber during an event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)
Federal Reserve Chair Jerome Powell listens to a question from the moderator on the stage during a Dallas Regional Chamber event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)
Federal Reserve Chair Jerome Powell listens to a question during a Dallas Regional Chamber event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)
Federal Reserve Chair Jerome Powell speaks to the Dallas Regional Chamber during an event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)
