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(Seoul, November 8, 2024) The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Martin Henkelmann) awarded Henkel Consumer Brands Korea, Medipixel Inc., Pebble-Square, and Petnow Inc. as innovators of the year at the ‘10th KGCCI Innovation Awards’ on November 8 at Banyan Tree Club and Spa Hotel in Seoul, Korea.

Pebble-Square was awarded in the ‘Innovation in Technology’ category for its “AI chips – MINT and PAPAYA”. Based on Processing-In-Memory (PIM) technology, the chips are designed by mimicking the neural network structure processing data storage and computation at the same location. They significantly improve performance and drastically reduce power consumption. PAPAYA offers up to 100 times greater computational efficiency compared to traditional GPUs. Additionally, with on-device AI and AI-driven fault analysis solutions, chips can process data in real time, offering enhanced data security.

ChoongHyun Lee, CEO of Pebble-Square, winner in ‘Innovation in Technology’ award, stated, “This award acknowledges the innovation of our MINT and PAPAYA AI chips, which have demonstrated high performance and ultra-low power consumption through PIM technology. We will continue to lead AI technology innovation and strive to deliver solutions that maximize energy efficiency across various industries.”