{"id":777009613,"date":"2023-09-26T07:39:37","date_gmt":"2023-09-26T10:39:37","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777009613"},"modified":"2026-04-22T17:44:33","modified_gmt":"2026-04-22T20:44:33","slug":"dfnn-appoints-nicholas-te-as-director","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/dfnn-appoints-nicholas-te-as-director","title":{"rendered":"DFNN appoints Nicholas Te as director"},"content":{"rendered":"\n

Te is a Tesla engineer with a degree from the University of California.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- The gaming technology firm DFNN Inc\u00a0<\/strong>has announced the appointment of Nicholas Te to its Board of Directors. In a press release, DFNN said that Te holds a bachelor’s degree in Materials Science and Engineering from the University of California in Berkeley and works as an engineer at Elon Musk’s Tesla.<\/p>\n\n\n\n

According to the company, Te’s addition to the board brings a wealth of experience in innovation, strategic thinking, and team collaboration.<\/p>\n\n\n\n

Te stated: “As DFNN starts diversification, it is exciting to hear that we will be among the first to venture into space investment. As a country behind in the space race, primarily for operational and commercial satellites, I believe that our foray will create a platform for investments in weather, communication, and land development\/mineral resource technologies. DFNN\u2019s storied experience with gaming, digital commerce, cyber security, and artificial intelligence will greatly benefit our navigation of these untested waters.\u201d<\/p>\n\n\n\n

In 2022, DFNN posted a 69 per cent increase in revenue to PHP905.8m (US$16.1m). EBITDA amounted to PHP228.7m (US$4.1m) versus a loss before interest, taxes, depreciation and amortization of PHP252.2m yearly.<\/p>\n\n\n\n

Gross profit was up 333.1 per cent year-on-year from PHP135.5m (US$2.41m) to PHP586.6m (US$10.43m). Net income grew 117.3 per cent when compared to the previous year to PHP73.9m (US$1.31m).<\/p>\n\n\n\n

See also:<\/strong>\u00a0DFNN appoints Ricardo Banaag as president and CEO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Te is a Tesla engineer with a degree from the University of California.<\/p>\n","protected":false},"author":176,"featured_media":10260,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"DFNN Inc., a gaming technology firm, has appointed Nicholas Te, an engineer from Tesla, to its Board of Directors. This strategic move aligns with DFNN's stated intent to diversify into space investment, leveraging its existing expertise in gaming, digital commerce, cybersecurity, and AI. The announcement follows DFNN's robust 2022 financial performance, including significant revenue and net income growth.","focusai_entities":"DFNN Inc, Nicholas Te, Tesla, Elon Musk, University of California in Berkeley, Ricardo Banaag","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), tech_data (0.7), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"DFNN Space Investment Synergies?","query":"What specific synergies does DFNN anticipate between its core iGaming technology and its new space investment vertical, particularly concerning data analytics and AI applications?"},{"label":"Te's Impact on Governance?","query":"How will the appointment of Nicholas Te influence DFNN's technological roadmap and governance framework, particularly concerning its diversification strategy and enterprise risk management?"}],"footnotes":""},"categories":[157,16333],"tags":[],"class_list":["post-777009613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777009613"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009613\/revisions"}],"predecessor-version":[{"id":777041257,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009613\/revisions\/777041257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10260"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}