Yearly Archives: 2020

PR Newswire

Delta Electronics Acquires Trihedral, a SCADA and IIoT Software Leader, to Facilitate a Broader Business in Digitized Manufacturing

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FREMONT, Calif., Nov. 5, 2020 — Delta, a global leader in power and thermal management solutions, today announced it has closed the acquisition of Trihedral Engineering Limited, a SCADA and IIoT software company based in Canada. Under the terms of the agreement, Delta Electronics (Netherlands) B.V., a wholly-owned subsidiary of Delta, acquired 100% of Trihedral’s interests.

The acquisition represents a key part of Delta’s long-term strategy in its industrial automation and system integration portfolios – and is expected to help facilitate a broader business in digitized manufacturing. Delta plans to use its existing global sales and service network to expand Trihedral’s signature VTScada software solution globally. Integrating Delta hardware and Trihedral software will allow both to play on their strengths in the rapidly growing fields of Automation, AI and Data Analytics.

"Together, Delta and Trihedral will foster significant synergies – adding value both for our employees and customers worldwide," said Simon Chang, president and COO of Delta Electronics, Inc. "Trihedral’s leadership in SCADA software development will bring considerable benefits for our organization, as we focus on smart manufacturing, smart building and smart micro-grid solutions."

Trihedral will keep both its namesake brand and management team. Delta will leverage Trihedral’s expertise in a range of field applications and industries, including water treatment, oil and gas, among others. Founded in 1986, Trihedral serves customers in more than 100 countries. Its proprietary VTScada software is widely used in large power, water treatment and other mission critical infrastructure installations across North America.

About Delta Electronics (Americas)

Delta Electronics (Americas) was established 38 years ago and has grown to over one thousand employees in the entire Americas region. Delta has offices, R&D centers, manufacturing, distribution and repair centers in multiple locations in the United States, Mexico and South America. In the U.S., operations are located in Fremont, Los Angeles, San Diego, Seattle, Austin, Dallas, Houston, Raleigh, Boston and Detroit to better serve its diverse customer base. Outside the U.S., Delta continues to expand its Americas operations in Mexico, Argentina, Brazil and Canada.

Delta Electronics (Americas) serves the IT, communications, industrial automation, renewable energy, lighting, power tool, automotive electric vehicle and other major industries. Products include power electronics, DC brushless fans, visual displays, industrial automation, networking products, electronic components, consumer products and energy efficient and renewable energy products. The company is always striving to define new ways to improve the energy efficiency of its products through advanced research and product development.

For more information, please visit: www.delta-americas.com

About Delta

Delta, founded in 1971, is a global leader in switching power supplies and thermal management products with a thriving portfolio of smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, "To provide innovative, clean and energy-efficient solutions for a better tomorrow," Delta leverages its core competence in high-efficiency power electronics and its CSR-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to CSR. Since 2011, Delta has been listed on the DJSI World Index of Dow Jones Sustainability™ Indices for 9 consecutive years. Delta also ranked a Climate Change Leadership Level by CDP for the 3rd year in 2019.

For detailed information about Delta, please visit: www.deltaww.com

About Trihedral

Founded in 1986, Trihedral is a well-known Canadian creator of VTScada software and associated engineering services. With operating bases located in Canada, the United States and the United Kingdom, Trihedral serves customers from more than 100 countries with extensive SCADA capabilities. VTScada software has comprehensive integrated  functionality, and can be connected to multinational sites and factories via the Internet through a distributed fault-tolerant network of multiple servers. It is widely used in large power, water treatment and oil and gas industries in North America and the United Kingdom, providing key application solutions with excellent quality and support  that have been repeatedly recognized by industry awards.

For detailed information about Trihedral, please visit: www.vtscada.com

PR Newswire

ATIF Holdings Limited Signs Strategic Collaboration with Shenzhen Dah Sing Geek Association to Facilitate Rapid Development of Geek Industry

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SHENZHEN, China, Nov. 4, 2020 — ATIF Holdings Limited (Nasdaq: ATIF, the "Company"), a company providing business consulting and multimedia services in Asia and North America, today announced that through its viable interest entity, Qianhai Asia Times (Shenzhen) International Finance Services Co. Ltd., the Company signed a strategic collaboration agreement with Shenzhen Dah Sing Geek Association ("Shenzhen Geek Association") for its online financial and consulting service platform IPOEX.com ("IPOEX"), targeting at nationwide innovative technology companies in geek industry.

Based on the strategic collaboration, Shenzhen Geek Association will serve as one of IPOEX’s corporate client channels, making fullest use of its professional geek platform, deep government connections and strong industry consolidation expertise to attract innovative technology companies with high growth potential to become members of IPOEX. IPOEX will offer a variety of online and offline consulting services for its members including, but not limited to, education on global financial system, fundraising advisory, project incubation, initial public offering-related advisory, etc.

Mr. Pishan Chi, CEO of the Company commented, "We look forward to cooperating with Shenzhen Geek Association. Shenzhen Geek Association has a resourceful platform that brings together top technology experts to promote innovative technological achievements to serve the innovation and entrepreneurship development of the geek community. We believe through our strategic collaboration, we will be able to provide comprehensive financial and listing consulting services for local companies, to assist them to make debuts on global capital markets and to promote the rapid development of innovative technology companies in Shenzhen and cities across the country."

About Shenzhen Dah Sing Geek Association

Established on January 6, 2017, Shenzhen Dah Sing Geek Association ("Shenzhen Geek Association") is the first community organization in China to serve the innovation and entrepreneurship of the geek community. Shenzhen Geek Association aims to strengthen the connection between geeks and government departments and promote the development of the geek industry as its mission. Shenzhen Geek Association mainly provides services for members to understand policies, development strategies and plans of geek industry, and expresses suggestions and opinions to the government on behalf of the group. Shenzhen Geek Association also creates a high-level communication platform for members, governments, experts, scholars, and non-members to exchange information and develop strategies and plans for the geek industry.

About ATIF Holdings Limited

Headquartered in Shenzhen, China, ATIF Holdings Limited ("ATIF") is a company providing business consulting services to small and medium-sized enterprises in Asia, including going public consulting services, international business planning and consulting services, and financial media services. ATIF operates an internet-based financial consulting service platform IPOEX.com, which provides prestige membership services including online capital market information, pre-IPO education and matchmaking services between SMEs and financing institutions. ATIF has advised several enterprises in China in their plans to become publicly listed in the U.S. Through its majority-owned subsidiary, Leaping Group Co., Ltd., ATIF also provides multimedia services and is engaged in three major businesses, including multi-channel advertising, event planning and execution, film and TV program production and movie theater operations. ATIF operates the largest pre-movie advertising network in Heilongjiang Province and Liaoning Province of China and also provides advertising services in elevators and supermarkets. ATIF is often hired to plan both online and offline advertising campaigns and to produce related advertising material. In addition, ATIF invests in films and TV programs and distributes them in movie theaters or through online platforms. ATIF is also one of majority shareholders of AeroCentury Corp. (NYSE American: ACY) which is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines to airlines and commercial users worldwide. For more information, please visit https://ir.atifchina.com/.

Forward-Looking Statements

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantee of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, income, expenditures, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to continue to operate through our VIE structure; ability to obtain additional financing in the future to fund capital expenditures; ability to attract new clients and further enhance brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial consulting services industry; a pandemic or epidemic; and other factors listed in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management’s beliefs and assumptions only as of the date such statements are made. These forward-looking statements are made as of the date of this news release.

PR Newswire

Itiviti’s Linda Middleditch wins European Women in Finance Award for Excellence in FinTech

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LONDON, Nov. 4, 2020 — Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that Linda Middleditch, Chief of Product Strategy and Engineering, has won the Markets Choice Awards – European Women in Finance Awards in the category for Excellence in FinTech.

Linda joined Itiviti in June 2019 after spending more than two decades of her career within the financial services industry, where she held senior leadership positions at UBS, Citi and Morgan Stanley. She worked with every asset class across the entire trade lifecycle, and held roles in trading, operations, technology and product management. Her move to the vendor side enabled her to review and rethink the trading technology and the way of working with the financial institutions.

Linda’s focus on enhancing cognitive diversity within the product strategy and engineering teams has greatly enriched Itiviti’s approach to building the trading platform and the team members whose professional backgrounds are anchored in areas similar to those of our clients.

The modular design technology delivers flexible solutions to meet clients’ evolving needs. The collaborative approach with clients allows the firm to support and accompany customers to overcome their trading-related challenges and align with their future growth.

"Cognitive diversity can be transformative for FinTechs," says Linda. "At Itiviti, this is one important element in our overall approach to creating and enhancing our overall technology ecosystem. Other elements include our modular design approach, our strategic partnerships, and the way we engage with our clients."

Another essential element is Itiviti’s strategic partnerships, which bring additional expertise into our technology ecosystem. For example, in January 2020, Itiviti announced a new partnership with Imandra, a technology company focused on cloud-scale automated reasoning. Imandra’s technology is improving the onboarding process for Itiviti clients to Itiviti’s Managed FIX global connectivity platform.

"We congratulate Linda on this award and celebrate this success with her," says Rob Mackay, Chief Executive Officer of Itiviti. "Linda’s leadership is enabling Itiviti to engage in new and exciting ways of collaborating – in our teams, our technology, our strategic partner network, and with our customers – to drive innovation and transformation."

For further information, please contact:
Mireille Adebiyi, Chief Marketing Officer, Itiviti Group, Email: mireille.adebiyi@itiviti.com

About Itiviti

Itiviti provides nearly 2,000 financial institutions worldwide with flexible, cross-asset trading solutions that cover the full trade lifecycle. Through its commitment to technology innovation, relentless pursuit of workflow efficiency and an entrepreneurial culture, Itiviti is disrupting the industry with highly-scalable solutions that deliver unprecedented cost savings for clients.

For more information, please visit www.itiviti.com.

Itiviti is owned by Nordic Capital.

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Android, iOS, Mobile, News

WhatsApp Jumps on Disappearing Messages Bandwagon

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Instagram, Snapchat, Facebook, Telegram – that’s the growing list of apps that are allowing users to send expiring or disappearing messages. The latest app to join is none other than WhatsApp. After what seems like an eternity behind other apps, it seems like the feature is now coming to WhatsApp.

Evidence first popped up in March showing options which allow users to send messages with an optional expiration time for the platform. If a user enables the feature, all message that sent individually or in groups will be automatically erased after seven days. Users can configure the setting for individual chat while only group admin able to turn on the feature for group chats.

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Photo by Oleg Magni on Pexels.com

The feature seems to also work with with media files. However, the media file will not disappear if the user turn on the auto download for receiving any files. This may be one of the more convenient implementations of the feature as not everyone wants media to be downloaded to their phones.

WhatsApp has recently updated their FAQs to include a new answer regarding the new feature. In their response about the feature they clarify, ” Once enabled, messages sent in the individual or group chat will disappear after seven days. The most recent selection controls all messages in the chat. This setting won’t affect messages you previously sent or received in the chat. In an individual chat, either user can turn disappearing messages on or off. In a group chat, only group admins can turn disappearing messages on or off.”

With the FAQ is live on the WhatsApp website, it seems like the feature will be making its way to users in the coming weeks. The features will be available to users on Android, iOS and KaiOS.

WhatsApp has also published tutorials for enabling and disabling the features on their website.

PR Newswire

Wealth Dynamix Completes Eighth Year of Growth and Continues Expansion Despite Global Pandemic Challenges

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LONDON, Nov. 4, 2020 — Wealth Dynamix, a global leader in Client Lifecycle Management (CLM) solutions, has announced year-end performance results that indicate strong growth during the twelve months to September 30, 2020. Wealth Dynamix has worked with new and existing wealth management clients to deliver the critical capabilities required to support remote working and business continuity. Most notably, clients are benefiting from a true 360-degree client view, actionable and intelligent automation and best practice workflows that eliminate manual tasks and boost productivity, and mobile-ready client and advisor-facing tools that increase usability and access.

Since October 2019, Wealth Dynamix has expanded European operations, opened a new office in Paris to further support private banks, wealth and investment management firms in France and Switzerland, and acquired a number of significant global clients including a major global bank headquartered in Singapore and large European private bank headquartered in France.

In the UK several of the leading wealth managers and private banks including Charles Stanley, Ruffer, Quilter and Rothschild & Co completed major projects to upgrade to the latest version of the Wealth Dynamix CLM solution.

Many Wealth Dynamix clients accelerated digitisation projects throughout the second half of the year, spurred by the requirement to manage client relationships seamlessly from any location, sustain high levels of client interaction via digital channels, increase the speed and agility of onboarding and ensure ongoing compliance. In doing so there has been increased demand to deploy and upgrade to the newest version of the firm’s WDX1 solution and to leverage cloud-based services more effectively.

WDX1 is the flagship, multi-award winning digital CLM solution from Wealth Dynamix, designed to support the complex requirements of wealth management companies from a single unified platform. Its capabilities span the entire client lifecycle, including client acquisition, client engagement, digital onboarding, regulatory compliance, relationship management, and ongoing client servicing.

Gary Linieres, CEO and Co-founder at Wealth Dynamix, said: "This has been a year of two halves in which firms focused initially on digitisation to optimise operational efficiency and improve cost-income ratios, then quickly switched focus to ensuring they could continue to serve staff and clients effectively whilst remote working. Technology has never played a more vital role in enabling business continuity and empowering advisors and the success of Wealth Dynamix through this trying period is testament to our many years of wealth management domain expertise and the flexibility of our solutions."

"Moving into 2021," Linieres continues, "wealth managers will need to provide all internal stakeholders with an integrated view of client journeys, so they can make proactive and intelligent recommendations that match client requirements. They will need to build agility into their technology platforms, so they can adapt to change quickly without interrupting service quality. And there will be a permanent shift in the way people do business, requiring fully effective and secure digital communications, while all the time meeting regulatory obligations."

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PR Newswire

CyCraft Japan joins the Nippon CSIRT Association

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TOKYO, Nov. 4, 2020 — CyCraft Technology, the fastest-growing cybersecurity firm in Asia, today announced that CyCraft JP has officially joined the Nippon CSIRT Association (NCA).

CSIRT (Computer Security Incident Response Team, Computer Security Incident Response Team) refers to a team of security analysts that not only deal with and respond to cybersecurity incidents, collect and analyze incident-related vulnerability intelligence, attack tactics, techniques, and procedures (TTP) but also formulate playbooks and carry out responses to security incidents.

In recent years, Japanese organizations have begun building and developing their own internal CSIRTs; however, cyberattacks in the 21st century are becoming more and more sophisticated and frequent, making it more and more difficult for one CSIRT to handle individually. Nippon CSIRT Association (NCA) was established to unify the intelligence, resources, and capability of multiple CSIRTs so that one CSIRT leveraging the intelligence, resources, and capability of other CSIRTs could overcome security incidents and increase Japan’s overall cyber resilience.

NCA is not the first CSIRT organization CyCtaft has joined. Earlier this year, CyCraft Taiwan joined the international CSIRT organization, FIRST (Forum of Incident Response and Security Teams). CyCraft Technology is not just committed to raising the resilience of global organizations but also committed to demonstrating trustworthiness, professionalism, and accurate and actionable threat intelligence, specifically in the APAC market.

About Nippon CSIRT Association

NCA was founded in 2007 with the primary goal of fostering cooperation, intelligence sharing, and strengthening trustworthy relations between CSIRTs in Japan to better facilitate prompt, intelligence-driven responses. NCA provides a secure forum for members to cooperate with each other and solve common problems collectively. NCA CSIRT team, from various organizations across multiple industries and fields, gather regularly at NSA conferences to discuss relevant and current threats and trends, observed attack behavior, attack and defensive playbook modifications, and more.

For more information, visit www.nca.gr.jp/en.

About CyCraft

CyCraft is a world-leading cybersecurity company and the fastest-growing cybersecurity company in Asia. They have developed multiple innovative AI-driven technologies to achieve security intelligent protection automation, such as threat intelligence gateway (TIG), network detection and response (NDR), endpoint protection(EPP), advanced and managed endpoint detection and response (EDR & MDR), and global cyber threat intelligence (CTI), all delivered via their information security monitoring platform, CyCraft AIR. They participated in the U.S. MITRE ATT&CK® Evaluations in 2019 and received top marks in automated detection capabilities with zero configuration changes.

CyCraft secures multiple government agencies, Fortune Global 500 firms, top banks and financial institutions, critical infrastructure, airlines, telecommunications, hi-tech firms, and SMEs. In Q1 2020, CyCraft won multiple gold awards in Cybersecurity Excellence Awards. In Q2 2020, US venture capital Momentum Cyber included CyCraft in the Advanced MSS & MDR and EDR sectors of their 2020 CYBERscape, and CyCraft won Best Security Solution of Interop Tokyo 2020.

For more information, visit CyCraft.com.

 

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PR Newswire

Hi-Chew goes bigger and better with hit social media campaign

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SYDNEY, Nov. 4, 2020 — Social media are the name of the game when marketing to young people, and Hi-Chew seems to have hit the jackpot with its new digital campaign.

A trial consumer competition in October, focused on Instagram and Facebook, achieved a total reach of more than 140,000 members of the target audience, with an equivalent number of video views and nearly 1,000 likes.

"We’re really happy about the success of this campaign," said Terry Kawabe, the Managing Director of Morinaga Asia Pacific Co., which distributes Hi-Chew.  "Young people are fascinated by our fruit chew.  They know it’s been a hit around the world."

Based on the initial competition’s popularity, Hi-Chew (Japan’s selling soft candy) is expanding the campaign in November and December.  It will run in both Australia and New Zealand, with the next competition set for November 9–13.

In October, social media viewers guessed how many pieces of Hi-Chew were in a jack-o’-lantern.  For November, Hi-Chew fans will have to guess the number of pieces in a giant vintage bathtub. Winners will receive an entire tub’s worth of candy!

"’Fortune Flavours the Bold’ is the theme that drives Hi-Chews," said Cec Parnell, Creative Director of Sponge, the lead advertising agency in Sydney.  "And these competitions are big, bold and full of flavour."

There will be a third event in December, just in time for Christmas.

In Australia, Hi-Chew has been ranged at selected Coles stores nationwide. In New Zealand, the brand is sold at various retailers nationwide, including Pak ‘n Save and New World.

"Consumer interest and sales continue to grow," said Anthony King, Managing Director of Australian distributor Grocery Corporation.  "We expect that trend to continue, as Morinaga continues to invest in marketing programs."

Packaging includes peg bags with mixed flavours (100g Original Mix, 100g Tropical Mix, 90g Sweet & Sour) and sticks in four different flavours (Strawberry, Grape, Green Apple, Mango).

Hi-Chew was created in 1975 by Morinaga & Co., Ltd., one of Japan’s "Big 4" confectionery companies. The fruit chews have been offered in more than 170 flavours, and achieved sales success worldwide.

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Nel ASA: Selected by Iberdrola as preferred supplier for a 20 MW green fertilizer project in Spain

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OSLO, Norway, Nov. 4, 2020 — Nel Hydrogen Electrolyser, a division of Nel ASA (Nel, OSE:NEL), has been selected as preferred supplier by Iberdrola for a 20 MW PEM solution for a green fertilizer project in Spain. Contract award is subject to mutual agreement on the final commercial terms. The hydrogen plant is scheduled to commence operations in 2021.

"We are very excited and honored that Iberdrola prefer to use a PEM electrolyser solution from Nel for this landmark green fertilizer project. It is a true testament to our PEM platform, which has been deployed all over the world for several decades. We continuously work to develop larger systems, and with this project our PEM platform will be designed into a 20 MW solution. We have over the course of the last year been working on both alkaline and PEM large-scale solutions, which serve different customer needs, and we look forward to provide our PEM solution for this project," says Filip Smeets, SVP Nel Hydrogen Electrolyser, Nel Hydrogen Fueling.

Iberdrola, one of the largest electricity utilities in the world, has together with a world-leading fertilizer manufacturer Fertiberia launched a project to establish the largest green hydrogen plant in Europe. Located in Puertollano, Spain it will feature a 100 MW photovoltaic plant, a battery installation with a storage capacity of 20 MWh, and a 20 MW electrolyser. The hydrogen produced in the project will primarily be used for green fertilizer production. The 20 MW electrolyser is scheduled to commence operations in 2021.

Contract award is subject to mutual agreement on the final agreement on terms and conditions, technical details, and board approval.

For further information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Kjell Christian Bjørnsen, CFO, +47 917 02 097

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles – without the emissions.

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SSG Opens Toronto, CA Office To Accommodate Unprecedented Growth In North America Region

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The global B2B demand gen leaders will bring innovative, data-driven marketing solutions to Canadian B2B clients delivered by a local support team in their third office opening this year.

DENVER and TORONTO, Nov. 4, 2020 — Selling Simplified Group, Inc. (SSG) announced today the opening of their Toronto, CA location as North American business burgeons for the company. Amid record-breaking growth in 2020, the new location marks the third for SSG this year globally and strengthens their hold in the North American market.

Global B2B demand gen leaders Selling Simplified will bring innovative, data-driven marketing solutions to Canadian B2B clients delivered by a local support team in Toronto in their third office opening this year.
Global B2B demand gen leaders Selling Simplified will bring innovative, data-driven marketing solutions to Canadian B2B clients delivered by a local support team in Toronto in their third office opening this year.

SSG, a global B2B demand generation company and controller of over 165M B2B records, develops proprietary technology aimed at facilitating and analyzing digital marketing efforts for their clients globally. Headquartered in Denver, CO, SSG holds 12 offices globally. This newest location is their second in North America.

Jag Sidhu, COO and co-founder, said of the opening, "Despite unprecedented global circumstances, 2020 has been our strongest year yet as marketers turn to digitally advanced companies like ours to stabilize and grow their pipeline in a volatile market. 

"Our strategic move into Toronto helps us better serve our growing North America client base with the utmost dedication to customer service, while allowing us to further diversify and disperse our operational and creative capacity."

Following a proven success model, SSG will fully staff their Toronto location with sales, customer success, data, operational, and creative specialists best suited to understanding regional client needs and data regulations while delivering quality, competitive products.

"Visionayr, our complete marketing solution with matched intent recognition technology and branded content hub, has been a differentiator both to our product portfolio and to our clients," continued Sidhu. "Paired with our first-party data and programmatic solutions, we are confident that the Canadian B2B market will be quick to rely on us as their de facto partner in innovative demand generation solutions."

SSG’s Visionayr solution and newly-released Integrated Programmatic offerings will be available to Canadian clients immediately, both backed by records and intelligence from their B2B marketing database which includes 6.4 million Canadian B2B records. 

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300mm Fab Spending to Boom Through 2023 With Two Record Highs, SEMI Reports

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Chip industry to add 38 new 300mm fabs by 2024

MILPITAS, California, Nov. 3, 2020 — 300mm fab investments in 2020 will grow by 13% year-over-year (YoY) to eclipse the previous record high set in 2018 and log another banner year for the semiconductor industry in 2023, SEMI reported today in its 300mm Fab Outlook to 2024. The COVID-19 pandemic has sparked the 2020 surge in fab spending by accelerating digital transformations worldwide, and the increase is expected to stretch into 2021.

Figure 1: 300mm fab equipment spending from 2013 to 2024
Figure 1: 300mm fab equipment spending from 2013 to 2024

Powering the growth is rising demand for cloud services, servers, laptops, gaming and healthcare technology. Fast-evolving technologies such as 5G, Internet of Things (IoT), automotive, artificial intelligence (AI) and machine learning that continue to fuel demand for greater connectivity, large data centers and big data are also behind the increase.

"The COVID-19 pandemic is accelerating a digital transformation sweeping across nearly every industry imaginable to reshape the way we work and live," said Ajit Manocha, SEMI president and CEO. "The projected record spending and 38 new fabs reinforce the role of semiconductors as the bedrock of leading-edge technologies that are driving this transformation and promise to help solve some of the world’s greatest challenges."

Growth in semiconductor fab investments will continue in 2021 but at a slower rate of 4% YoY. Mirroring previous industry cycles, the report also predicts a mild slowdown in 2022 and another slight downturn in 2024 following a $70 billion record high in 2023. See figure 1.

Adding 38 New 300mm Fabs 

The SEMI 300mm Fab Outlook to 2024 shows the chip industry adding at least 38 new 300mm volume fabs from 2020 to 2024, a conservative projection that does not factor in low-probability or rumored fab projects. During the same period, per-month fab capacity will grow by about 1.8 million wafers to reach over 7 million. See figure 2.

Under a high-probability project forecast, the industry will add at least 38 new 300mm volume fabs from 2019 to 2024. Taiwan will add 11 volume fabs and Mainland China eight to account for half of the total. The chip industry will command 161 300mm volume fabs by 2024.

Capacity and Spending Growth by Region

Mainland China will rapidly increase its global share of 300mm capacity, from 8% in 2015 to 20% in 2024, reaching 1.5 million 300mm wpm in the final year of the reporting period. While non-Chinese companies will account for a substantial portion of that growth, Chinese-owned organizations are accelerating their capacity investments. These companies will represent about 43% of Mainland China’s fab capacity in 2020, a proportion expected to reach 50% by 2022 and 60% by 2024.

Japan’s share of 300mm installed capacity continues to trend downward, from 19% in 2015 to 12% in 2024. The Americas’ share is also ticking lower, from 13% in 2015 to a projected 10% in 2024.

The biggest regional spenders will be Korea, with investments between US$15 billion and US$19 billion, followed by Taiwan, which will pour between US$14 billion and US$17 billion into 300mm fabs, and then Mainland China, with between US$11 billion and $13 billion in investments. 

Regions spending less will see the steepest increases in investments between 2020 to 2024.  Europe/Mideast will lead the pack with impressive 164% growth, followed by Southeast Asia at 59%, Americas at 35%, and Japan at 20%.

Spending Growth by Product Sector

Memory accounts for the bulk of the increase in 300mm fab spending. Actual and forecast investments show a steady rise in the upper single digits for each year from 2020 to 2023, with a stronger increase of 10% in store for 2024.

DRAM and 3D NAND contributions to 300mm fab spending will be uneven from 2020 to 2024. Investments for logic/MPU, however, will see steady improvement from 2021 to 2023. Power-related devices will be the standout sector in 300mm fab investments, with over 200% growth in 2021 and double-digit increases in 2022 and 2023.

Tracking 286 fabs and lines from 2013 to 2024, the 300mm Fab Outlook to 2024 reflects 247 updates to 104 fabs, nine new fab and line listings, and two cancellations since the publication of the March 2020 report.

About SEMI

SEMI® connects more than 2,400 member companies and 1.3 million professionals worldwide to advance the technology and business of electronics design and manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, the Fab Owners Alliance (FOA) and the MEMS & Sensors Industry Group (MSIG) are SEMI Strategic Association Partners, defined communities within SEMI focused on specific technologies. Visit www.semi.org to learn more, contact one of our worldwide offices, and connect with SEMI on LinkedIn and Twitter.

Association Contacts

Michael Hall/SEMI
Phone: 1.408.943.7988
Email: mhall@semi.org

Christian G. Dieseldorff/SEMI
Phone: 1.408.943.7940
Email: cdieseldorff@semi.org  

 

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Logo:  https://techent.tv/wp-content/uploads/2020/11/300mm-fab-spending-to-boom-through-2023-with-two-record-highs-semi-reports-2.jpg

Related Links :

http://www.semi.org