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## Taiwan Tech Startup Ranictek Shines at VivaTech 2024 in Paris

### Ranictek’s Success at VivaTech 2024
PARIS, May 24, 2024 /PRNewswire/ — Taiwan tech startup Ranictek, part of the delegation from Taiwan Tech Arena (TTA) organized by the National Science and Technology Council (NSTC), made its mark at VivaTech 2024 in Paris, held from May 22 to 25. The team’s remarkable performance saw them reach the finals of the IC Taiwan Challenge on May 23, emerging as one of the top six finalists. Notably, they were honored with an excellence award, recognizing them as one of the top three performing teams, as adjudged by the international panel of judges.

### Ranictek’s Development Focus and Achievements
Established in November 2022, Ranictek is currently dedicated to the research and development of 5G/6G base station chips and satellite communication chips. The company aims to provide base station chip solutions that are both energy-efficient and cost-effective, to facilitate the quicker deployment and wider adoption of 5G/6G base stations. Through their innovative technologies, Ranictek seeks to contribute to energy conservation, reduced carbon emissions, and overall sustainability in the telecommunications industry.

### AI legalese decoder Benefits
By utilizing AI legalese decoder, Ranictek can efficiently navigate the legal jargon and complex documentation often encountered in international tech events like VivaTech. This tool can help translate legal terms and agreements into plain language, enabling Ranictek to understand and comply with regulations, contracts, and other legal requirements effectively. This ensures smoother participation in global competitions, enhances communication with international partners, and reduces legal risks for the company.

### Ranictek’s Market Strategy and Future Outlook
Despite being a relatively new player in the industry, Ranictek has already received recognition through multiple awards at both domestic and international platforms. By recognizing and seizing the opportunities presented by the 5G market, particularly in the medium and large base station segments, Ranictek aims to expand its market footprint beyond enterprise private networks to public networks, driving the broader adoption of 5G technology worldwide.

### Taiwan’s Innovation Ecosystem and Global Engagement
The collaborative platform provided by VivaTech offers international exposure and networking opportunities for startups like Ranictek, fostering cross-border collaborations and knowledge exchange. The IC Taiwan Challenge, hosted by TTA, serves as a stepping stone for global innovation competitions like the IC Taiwan Grand Challenge, orchestrated by NSTC, aiming to attract international startups and venture capital to Taiwan’s thriving semiconductor industry.

### Conclusion
Ranictek’s journey at VivaTech 2024 showcases Taiwan’s commitment to technological innovation, global engagement, and fostering a conducive ecosystem for startups to thrive. Through participation in international tech events and initiatives like the IC Taiwan Grand Challenge, Ranictek and other emerging tech companies are poised to make significant contributions to the advancement of 5G/6G technology on a global scale.

**SOURCE: Taiwan Tech Arena**

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