Category Archives: PR Newswire

PR Newswire

Chargebee strengthens its subscription and revops platform with new capabilities to enhance customer growth through market uncertainties

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– Industry-leading subscription management platform announces enhanced product capabilities and integrations that will help businesses rapidly adapt to changing scenarios and scale faster as part of its Summer 2020 Release.

– New capabilities include support for complex quote-to-cash use-cases including nuanced contract term scenarios, deeper integrations with Salesforce, HubSpot and Getaccept to simplify enterprise workflows.

– Chargebee establishes a stronger presence in Europe by establishing local data centers, increased support for payment gateways and currencies, and updates for enhanced compliance with new EU regulations.

SAN FRANCISCO, July 23, 2020 — Chargebee, the industry leading subscription management platform, today announces its Summer 2020 product updates. With this release, Chargebee will further help organizations adapt their business models and scale revenue through workflow automations, pricing experiments, revenue intelligence, and deep integrations.

The update follows the recent global pandemic around Covid-19 that has forced both traditional and subscription-based businesses to rapidly adapt their revenue models and workflows.

"Change is continuous today across markets, environment and internal processes. Businesses today need to respond in close to real-time, to just ensure continued relevance," said Krish Subramanian, CEO and co-founder of Chargebee. "As a platform designed for high-growth SaaS and subscription businesses, we need to ensure that every revenue leader has the ability to rapidly identify these changing dynamics, adapt with the strategies, and leverage every opportunity to grow".

Designed to help SaaS and subscription businesses streamline their billing workflow, identify revenue insights and deploy strategies, the Chargebee Summer 2020 Product Updates include key enhancements to Chargebee’s contract management, plan modeling and entitlement, analytics, and integrations with key partners including Salesforce and Hubspot.

"We understand the changes that businesses undergo, and are continually building a flexible product that will allow them to adapt and scale. The right billing infrastructure should allow businesses to deploy new plan packages, launch products, handle complex sales workflows, and expand into new geographies with the flip of a switch," said Omar Nawaz, CPO of Chargebee.

The new features will allow businesses enable a variety of use cases while continuously evolving to meet new needs:

  • Scaling Business: Chargebee enables businesses to scale seamlessly by streamlining their complex catalogue management, sales workflows and offering increased payment options
  • Streamline Processes: Chargebee optimizes and enables frictionless enterprise workflows with deeper platform integrations for HubSpot, SalesForce, GetAccept, NetSuite among others.
  • Market Expansion: Chargebee helps business expand internationally as it increases its footprint in Europe by establishing local data centers, increased support for payment gateways and currencies, and updates for enhanced compliance with new EU regulations.

This ecosystem expansion reinforces Chargebee’s dominance in the industry, following its recognition as a Leader in G2 across all subscription categories – Subscription Revenue Management, Subscription Management, Subscription Analytics, and Subscription Billing. 

Chargebee also hosted its first user conference on July 22, 2020 where we celebrated SaaS companies and leaders who have been champions of change pushing the boundaries of change to transform their business and emerge as trail blazers.

About Chargebee

Chargebee automates revenue operations of high-growth, subscription-based business. Its SaaS platform helps businesses manage and grow their revenue by automating subscriptions, billing, invoicing, payments and revenue recognition processes and it provides key reports, metrics and insights into their subscription business. Founded in 2011, Chargebee is used by over 1,800 companies in 53 countries using more than 120 currencies. For more information, visit www.chargebee.com or follow us on Twitter @chargebee

Contact: Swetha Murali, +91-9952696935

 

Related Links :

http://www.chargebee.com

PR Newswire

Former General Manager of Sogou’s Commercial Product Technology Center, Xu Hongbing, Appointed CTO of Yiwugo

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YIWU, China, July 22, 2020 — Yiwugo.com, the official website of the Yiwu Commodity Market, which is the largest commodity wholesale market in the world, announced last week that Mr. Xu Hongbing, former General Manager of Sogou’s Commercial Product Technology Center, was appointed its CTO, and will lead the overall technology development and operation.

Xu Hongbing
Xu Hongbing

Mr. Xu obtained his Master’s degree from the Department of Computer Science and Technology of Tsinghua University. He has served in well-known technology and Internet companies such as Microsoft, Sohu, and Sogou. As one of the core members, he led the development of China’s first online content publishing system and Internet video advertising system, and he has extensive experience in various fields such as e-commerce platform and traffic monetization.

Yiwugo is committed to the digital upgrade of specialized markets. After years of development, the platform has accumulated a considerable amount of traffic, especially since the beginning of this year, its traffic has increased significantly. At present, Yiwugo owns 53,000 merchants, 800,000 daily unique visitors (UV), 15 million daily pageview (PV), and 5 million registered buyers. Yiwugo has become the most influential e-commerce platform in the specialized market in China. The explosive growth of its user traffic has given rise to further overall technical requirements of Yiwugo. "The company urgently needs an experienced technical leader. I believe that under the leadership of CTO Xu Hongbing, a great technical improvement can be expected," said Wang Jianjun, CEO of Yiwugo.

After more than 20 years of development of China’s Internet industry, a large number of companies have recently begun to shift their business focus from consumer Internet to industrial Internet, which has created a new track for the Internet industry in the future, and attracting more and more talents in the industry with its huge market potential. As the largest online platform in the small commodity wholesale industry, Yiwugo was able to invite such an outstanding expert as Mr. Xu to join, which is an inevitable trend of industry and the best combination of enterprises and talents.

Yiwugo is tailor-made for specialized markets, and its functions are designed in a way close to actual small commodity wholesale markets. The core of the specialized markets is "finding goods", and the core of the professional market upgrading is the upgrading the way of finding goods. Yiwugo has covered all small commodity markets and high-quality small commodity suppliers in Yiwu and strives to make it easier for buyers to search commodities. Through technical means such as 360-degree panoramic display, live streaming and APP, the platform ensures online and offline consistency. Yiwugo is a user-friendly platform which reduces the traffic cost of vendors in physical markets operating e-commerce business, and meets the transformation requirements of merchants of professional markets through a decentralized and intelligently recommended traffic distribution mechanism. Many vendors on the Yiwugo have been made able to connect with new domestic and foreign buyers at low cost.

PR Newswire

South Korea’s KT Exports K-Pop Contents via 5G

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– 5G-Powered Live Relays of K-Pop Shows to Hong Kong –

– Export of High-Definition VOD Repackages and VR Formats –

– KT to Extend Korean Content Markets to Southeast Asia –

SEOUL, South Korea, July 22, 2020 — KT Corp. (KRX: 030200; NYSE: KT), South Korea’s largest telecommunications company, announced that it is now streaming live performances by K-pop idols aspiring for global stages to Hong Kong audiences.

KT is rehearsing 'KT Live Stage', which is high-definition global streaming of K-pop contents
KT is rehearsing ‘KT Live Stage’, which is high-definition global streaming of K-pop contents

 

The new 5G-powered service began under a contract on content sale that KT signed on July 15 with China Mobile’s music subsidiary, Migu, the leading Korean mobile carrier said.

The contract is an extension of a 2019 memorandum of understanding on collaboration in services of 5G-based new media contents. KT is the first Korean 5G network carrier to export Korean pop music and other digital entertainment contents via China Mobile’s subsidiary.

In December 2019, KT’s 5G network began global broadcasts of K-pop groups on its “KT Live Stage” program. Since then it has relayed seven live programs each month to audiences in Korea via Seezn – KT’s OTT streaming service – and in Hong Kong via Migu’s platform. Those KT Live Stage programs also have been repackaged into VOD format to export.

FarEasTone, a Taiwanese telecommunications company with much interest in high-definition streaming of K-pop contents, also provided its clients with free viewing of KT Live Stage.

KT has collaborated with music promoters and producers in producing the VR contents of all K-pop artists who participated in KT’s earlier live broadcast programs. AR effects also have been added. The VR contents have been drawing keen attention from K-pop fans around the world.

The KT stage lineups range from new K-pop artists who are aiming for global markets to idol groups that have already established fandoms worldwide. K-pop fans around the world continue to follow up their performances with tweets and other SNS messages.

KT plans to further expand its live streaming service, targeting a growing number of Asian countries sharing interest in K-pop contents.

The telecom giant also plans to provide its domestic clients with a variety of global sports contents via Seezn, including those of the Chinese Volleyball Super League, or CVL.

Kim Hoon-bae, KT’s Executive vice president for Customer New Business Unit, says the contract to sell Korean-produced entertainment contents to Migu is the result of the telecom provider’s efforts to help promote the global reach of K-pop contents through its live streaming and other services.

As Kim noted, KT’s subsidiary Genie Music signed contracts on the provision of K-pop contents with Tencent Music Entertainment Group and FUGA in May this year.

Tencent Music Entertainment Group, a company that develops music streaming services for the Chinese market, and FUGA, a Netherlands-based music technology and services company, were the latest additions to the list of Genie Music’s some 50 overseas partners.

Among other partners are Amazon Music and TIDAL in the United States; Anghami, the Middle East; Yandex Music, Russia; JioSaavn, India; and Qobuz, France.

In April this year, KT also agreed with three global content platforms – HBO, VIKI and ODK – to provide them with “The First Shot,” a low-budget web movie, which Seezn had planned and financed.

Kim says the KT-Migu deal will help the Korean mobile carrier provide global audiences with a variety of original contents as well as K-pop contents.

HBO and its subsidiaries are scheduled to broadcast “The First Shot” in 13 countries across Southeast Asia and South Asia in October. VIKI and ODK aired the movie in North and South America, Europe, Oceania and the Middle East in April.

##### End #####

MEDIA CONTACTS

For inquiries, please contact our Global Media Relations Team at kt.gmrt@gmail.com

ABOUT KT CORPORATION (KRX: 030200; NYSE: KT)

KT Corp., Korea’s largest telecommunications service provider, reestablished in 1981 under the Telecommunications Business Act, is leading the era of innovations in the world’s most connected country. The company is leading the 4th industrial revolution with high speed wire/wireless network and new ICT technology. KT launched the world’s first nationwide commercial 5G network on April 3, 2019, after successfully showcasing the world’s first trial 5G services at the PyeongChang Winter Olympic Games in February 2018. This is another milestone in KT’s continuous efforts to deliver essential products and services as it aspires to be the number one ICT Company and People’s Company.

For more information, please visit our English website at https://corp.kt.com/eng/

 
PR Newswire

NetDragon Launched International Summer Intern Program

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FUZHOU, China, July 22, 2020 — On July 21, 2020, NetDragon’s International Summer Intern Program opened, 17 college graduates from different countries and regions, such as the United States, Italy, and Serbia, began to formally take up their posts. It is reported that they have been screened out among more than 200 candidates. Affected by the global epidemic situation, they will spend this wonderful international internship online in the next six weeks. It will become the most special one among the seven consecutive sessions held by NetDragon.

The International Summer Intern Program is a normalized platform for international college graduates, which was created by NetDragon in 2014. It mainly recruits international students graduate from game planning, industrial design, experience design, interface design, product design and other majors, aiming to stimulate the spark of innovation when collision happens between domestic and overseas design concepts. At the same time, candidates with high potential will be employed finally.

This time, NetDragon has received more than 200 resumes, including high-quality students recommended by institutions that have established friendly cooperation with NetDragon, as well as international students who have signed up by themselves from other colleges and universities. Finally, a total of 17 students entered the internship, including 11 masters and 6 undergraduate students from more than 10 universities, such as the University of North Texas (UNT), University of Novi Sad, Milan Polytechnic University, Waseda University and London University of Arts.

At the live video streaming of the opening ceremony, Lin Chen, senior vice president of NetDragon, delivered a welcome speech. He said, “Design is the focus of our work, which is not a simple thing, it creates value for our users. The significance of the internship program is to share experience accumulated by NetDragon in design methodology and design tools, and help to create a better life and better world together with new designers and who wants to be a designer from all over the world.”

During the 6-week internship, NetDragon will organize a series of activities such as design workshop, methodology exchange meeting, project practice, etc., according to the interns’ specialty. Interns can also participate in the design of NetDragon’s key products, or involve themselves in the project implementation, especially during the internationalization process of Edmodo, Promethean and other products. In addition, NetDragon will also provide interns with the innovative course of Design Methodology independently developed by Liu Dejian, founder and chairman of NetDragon. This is the summary and refinement of design experience that has been proved successful by practice in the process of long-term product development. This course has won high attention in Harvard University, and also in the Design and Learning course of Beijing Normal University. Interns will be improved in the combination of methodology and practice.

According to the reports, NetDragon will provide job quotas to outstanding interns after the internship period, and part of the international graduates have chosen to stay in NetDragon through this program in these years. To strengthen the cooperation with overseas colleges and universities, attract overseas high-quality students and accelerate the integration with overseas market are important ideas for the rapid development abroad. At present, NetDragon has set foot in more than 190 countries and regions such as Russia, Egypt, Nigeria, and Serbia, covering more than 2 million classrooms and benefiting more than 100 million users.

PR Newswire

Exadel Meets Growth Projections, Secures New Clients And Expands Senior Management Team In Second Quarter Of 2020

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Despite a global pandemic and business slow-downs, Exadel continues to thrive and grow based on its distributed Agile engineering and development model

WALNUT CREEK, California, July 22, 2020 — Exadel (www.exadel.com), an enterprise software development company, today announced strong momentum in the second quarter of 2020, including increased sales, the addition of new clients, several new projects and the expansion of its C-level team with two senior level appointments. The company’s achievements are particularly noteworthy in the midst of the worldwide COVID-19 pandemic. The distributed Agile development model Exadel employs is central to its ability to withstand economic challenges as it helps clients realize digital transformation across the globe.

 Specifically, in the second quarter, Exadel:

  • Maintained its growth projections for 2020
  • Increased repeat business from existing clients
  • Leveraged additional projects via distributed Agile development
  • Deepened its senior management bench strength with new positions of Chief Operating Officer and Chief Delivery Officer

"Exadel has always had a distributed Agile development approach to help clients achieve success," explained Fima Katz, CEO of Exadel. "We have teams across the globe who have been working in a distributed manner since the formation of the company. While other companies are struggling to adjust quickly to a remote workplace reality, Exadel  provides the infrastructure, resources, technology and talent needed to easily adapt and thrive despite great disruptions such as COVID-19.

Exadel has locations across three continents. Its team of highly specialized software engineers has helped numerous high profile brands and enterprise organizations – many Fortune 500 entities – build and deliver everything from custom software projects to complete product platforms from the ground up.

In addition to impressive results for the second quarter, the company also announced the addition of two new positions and members of its senior management team. Elena Krukovskaya has been promoted to Chief Operations Officer (COO), and Alexey Girzhadovich assumes the role of Chief Delivery Officer (CDO).

Krukovskaya began working at Exadel in 2008 as a human resources manager where she established Exadel’s policies around people, operations and processes. As COO, Krukovskaya will be responsible for managing Exadel’s global operations to meet business goals and objectives.

Girzhadovich is an accomplished leader and previously served in multiple roles at Exadel. He brings a lengthy track record of working with high-growth software companies. As Chief Delivery Officer, Girzhadovich will implement a coherent project delivery strategy with a focus on teams, processes, efficiency and profitability.

"Achieving success during these challenging times is a testament to Exadel’s ability to deliver exceptional software engineering services that help our clients realize their business goals," said Katz. "Exadel has a winning formula and we look forward to continued growth in the future."

Tweet this: .@exadel announces continued growth with new clientele and an expanded executive team, despite the challenges of #COVID19 #digitaltransformation

Exadel is an enterprise software development company supporting organizations at all stages of their digital transformation journey. We help companies redefine the way they do business by developing core digital solutions, software products and platforms, and helping them transition to the cloud. Exadel is a leader in distributed Agile development, leveraging resources globally for continuous delivery, even during times of great disruption. Headquartered in Silicon Valley, Exadel has more than 1,000 engineers in 23 offices across the USA, Europe and Asia. We produce a variety of original products, frameworks, platforms and solutions for high profile brands across many industries—from media and publishing, finance, retail and e-commerce, to healthcare, wellness, high tech and transportation. Learn more at exadel.com

Contact:
Terri Douglas
Catapult PR-IR
303-581-7760
tdouglas@catapultpr-ir.com

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Related Links :

https://www.exadel.com

PR Newswire

TUKA3D Removes Touch and Feel Barrier For Digital Development of Apparel

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LOS ANGELES, July 22, 2020 — Tukatech introduces the first “feel factor value” to fabrics based on a mathematical calculation using bend and surface friction values in all warp, weft, and shear directions. This feature helps in 3D product design as customers can quickly relate fabric feel without having to wait for a physical sample which can delay the development process.

What is a “fabric feel factor?” It is a number which someone may be able to learn and associate in their mind when imagining what the fabric will feel like. The relational value comparison is based on many fabrics familiar to users. This is like understanding a weather report where, for example, the temperature is 56 degrees Fahrenheit but “feels like” 65. This “feels like” conveys that one might feel warmer than the current temperature would indicate. This may be due to various reasons in the environment for that day including wind velocity and humidity. Simply telling the relative humidity is a certain value or that the wind is at a certain velocity does not instantly convey the feel factor of the temperature. However, if it is told that the temperature feels like 65 degrees it instantly conveys what to expect.

A similar analogy has been applied to fabrics. For example, most apparel people know from experience how soft a fine silk scarf feels and know that raw denim or burlap is rough. A number can be assigned to fabrics that will convey to the mind the feel factor of the fabric. If the softest fabric was a 10 on a scale of 1 to 10 and the roughest was a 1, then other fabrics fall in between. This determination from most used fabrics now can be classified with reference number for each and a feel factor for new fabric will help the design community to “digitally feel” the fabric while they can see the drape and movement of fabric in TUKA3D. These values can then be tabulated and the mean for each fabric taken and assigned to that fabric.

“What do you feel when someone say it feels soft like baby’s skin, or it tastes too salty, or the sound is too loud. As humans, we do have our sensory abilities to predict taste or listening on a decibel factor, same senses can relate these ‘feel factor’ to predict the feel of fabrics by comparison numbers of known fabrics. We wanted to give designers the ‘feel factor’ to help speed up the product development process in digital format, as well as give consumers the ability to digitally feel the fabric before making their purchase,” explains Ram Sareen, CEO-Founder of Tukatech. 

For more information about our latest fabric feel factor feature, TUKA3D, or any other solutions, please visit www.tukatech.com or email tukateam@tukatech.com.

About Tukatech – Tukatech was founded in 1995 with the objective to have pattern makers create patterns digitally on the computer. On their silver anniversary, Tukatech is an influential fashion technology company known worldwide for innovative solutions and superior technical support. They are the industry’s leading provider of award winning CAD (TUKAcad), Automatic Marker Making (SMARTmark), and 3D software (TUKA3D virtual fit and sampling and TUKA3D Designer Edition Visualizer) and machinery for product development, cloud collaboration, and garment manufacturing. Visit us at: www.tukatech.com 

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PR Newswire

Certif-ID Joins Forces with TUV Rheinland Philippines and Multiple Government Agencies to Support Seafarers Impacted by COVID-19

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MANILA, Philippines, July 22, 2020 — In celebration of United Nations’ World Youth Skills Day, Certif-ID International and TUV Rheinland Philippines, a global leader in independent inspection services, joined forces to mark the World Youth Skills Day by launching the initiative ‘NEXT STEP SEAFARERS: SKILLS DEVELOPMENT TO EMPLOYMENT’ on July 15. This strategic partnership is aimed at supporting seafarers in returning to the workforce as quickly as possible.

Targeting COVID-19’s Impact on Seafarers

The pandemic has left over 50000 seafarers unemployed. 29000 Filipino seafarers were repatriated to the Philippines since March 15th and over 26000 are awaiting repatriation as of May 12, 2020.

To tap the potential of the unused labour force and support thousands of seafarers who lost their jobs due to coronavirus, Certif-ID brings to the forefront a dedicated skills community and a global networking platform built on blockchain technology.

Certif-ID offers next-gen tools like the SkillPass that seafarers can use to showcase their skills, record and share online interviews and store all relevant information in a digital portfolio secured with blockchain technology.

Combining their strengths with TUV Rheinland who has over 140 years of experience in technical training, Certif-ID plans to build a digital community for seafarers in the Philippines. To create credible online digital profiles, connect with jobs and seek guidance on upskilling.

In partnership, TUV Rheinland Philippines and Certif-ID will drastically improve recruitment accuracy and reduce the time and effort taken by professionals to find vacant posts across the maritime and associated industry sectors.

“Source Skilled Professionals For Key Industries And Services”

Commenting on this partnership and launch of the initiative, Timothy Miller, the Co-Founder and Managing Director of Certif-ID International, said, “we are unsure of when the industry will return to the pre-COVID levels. The labour market is changing and seafarers will need to differentiate themselves. SkillPass can provide that edge. One can securely share their details with recruiters and have them verified instantly, helping them land jobs faster as compared to traditional routes. Together with TUV Rheinland Philippines, we believe that professionals who choose Certif-ID should be able to progress their careers while making the best use of their skills.”

“We have been looking for a partner who can increase the visibility of skilled seafarers and simplify the talent sourcing process. SkillPass can provide an excellent opportunity for Filipino workers,” said Tristan Arwen Loveres, Managing Director at TUV Rheinland Philippines. “We believe that it will open new employment opportunities, make a striking impression on recruiters and differentiate skilled workers in the post-COVID job market.”

Joining Certif-ID and TUV Rheinland Philippines in filling this massive task of building an inclusive learning and career development platform for seafarers as well as promoting transparency of skills requirements are Vice President Leni Robredo, Republic of the Philippines; Mr. Aniceto “John” Bertiz III, Deputy Director of the General of the Partnerships and Linkages of Technical Education and Skills Development Authority (TESDA); Mr. Joel B. Maglunsod, Executive Director of the Department of Labor and Employment – National Maritime Polytechnic (DOLE-NMP); Chief Engineer Artemio V. Serafico President of the TSM Maritime Services Philippines; Dr. Martin Henkelmann, Executive Director of the German-Philippine Chamber of Commerce and Industry (GPCCI); Mr. Jesper Svenningsen, Executive Director of the Nordic Chamber of Commerce of the Philippines; Ms. Katerina Ananiadou of UNESCO, Mr. Pons Asidera,  Growth Partner of SkillBean Inc.; Ms. Trixie Whyte, Founder and Chairperson of the Q2 Group of Companies; COMPASS Training Center, Inc.; and PTC Holdings.

About Certif-ID

Certif-ID is a dedicated skills community. It is a global networking platform built on blockchain technology, connecting technical training institutions, industry professionals and recruiters. On the platform, technical training institutes can issue digital certificates placed on blockchain, optimising their certification and placement processes. Technical professionals can build their SkillPass to showcase their skills, record online interviews, plan their learning journeys, store all relevant information in a digital portfolio and share their credentials with potential recruiters. Recruiters can screen and source candidates based on competency, verify their digital records and reduce recruitment efforts. Connecting key stakeholders in the technical sector, Certif-ID focuses on streamlining the sourcing process, bridging the skills gap between education and employment while establishing trust and transparency.

Website: https://certif-id.com/

About TUV Rheinland

TÜV Rheinland stands for safety and quality in almost all areas of business and life. Founded almost 150 years ago, the company is one of the world’s leading testing service providers with more than 21,400 employees and annual revenues of 2.1 billion euros. TÜV Rheinland’s highly qualified experts test technical systems and products around the world, support innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In doing so, the independent experts generate trust in products as well as processes across global value-adding chains and the flow of commodities. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact to promote sustainability and combat corruption.

Website: www.tuv.com

About World Youth Skills Day

In December 2014, the United Nations General Assembly adopted a resolution declaring 15th July as World Youth Skills Day. The goal is to achieve better socio-economic conditions for today’s youth as a means of addressing the challenges of unemployment and underemployment. The theme for 2020 World Youth Skills Day is “Skills for a Resilient Youth”. The COVID-19 pandemic and lockdown measures have led to the worldwide closure of technical and vocational education and training (TVET) institutions, threatening the continuity of skills development. In post-COVID-19 societies, as young people are called upon to contribute to the recovery effort, they will need to be equipped with the skills to successfully manage evolving challenges and the resilience to adapt to future disruptions.

Related Links :

http://www.tuv.com

PR Newswire

Chip Manufacturing Equipment Spending to Hit Record High $70 Billion in 2021 After Strong 2020, SEMI Reports

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MILPITAS, California, July 22, 2020 — Global sales of semiconductor manufacturing equipment by original equipment manufacturers are projected to increase six percent to $63.2 billion in 2020 compared to $59.6 billion in 2019 before logging record high revenue of $70 billion in 2021 on the strength of double-digit growth, SEMI announced today in releasing its Mid-Year Total Semiconductor Equipment Forecast – OEM Perspective at the annual SEMICON West exposition.

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Growth across a number of semiconductor segments is expected to power the expansion. The wafer fab equipment segment – which includes wafer processing, fab facilities, and mask/reticle equipment – is expected to rise five percent in 2020 followed by 13 percent growth in 2021 driven by a memory spending recovery and investments in leading-edge and China. Foundry and logic spending, accounting for about half of total wafer fab equipment sales, will see single-digit increases in 2020 and 2021. Both DRAM and NAND spending in 2020 will surpass 2019 levels and are projected to grow over 20 percent, respectively, in 2021.

The assembly and packaging equipment segment is forecast to grow 10 percent to $3.2 billion in 2020 and 8 percent to $3.4 billion in 2021 driven by advanced packaging capacity buildup. The semiconductor test equipment market is expected to increase 13 percent, reaching $5.7 billion in 2020, and continue the growth momentum in 2021 on the back of 5G demand.

Regionally, Mainland China, Taiwan and Korea are expected to lead the pack in spending in 2020. Robust spending in Mainland China in the foundry and memory sectors is expected to vault the region to the top in total semiconductor equipment spending in 2020 and 2021. Taiwan equipment spending, after seeing 68 percent growth in 2019, is forecast to contract this year but bounce back with 10 percent growth in 2021, with the region maintaining the second spot in equipment investments. Korea is expected to rank third in semiconductor equipment investments in 2020 by outstripping its 2019 levels, making it the third top spender in 2020. Korea equipment spending is projected to grow 30 percent in 2021 powered by the memory investment recovery. Most other regions tracked will also see growth in 2020 or 2021.

The current SEMI forecast is based on collective input from top equipment suppliers, SEMI’s industry-recognized World Fab Forecast database, and SEMI’s Worldwide Semiconductor Equipment Market Statistics (WWSEMS) data collection program.

The Equipment Market Data Subscription (EMDS) from SEMI provides comprehensive market data for the global semiconductor equipment market. A subscription includes three reports:

  • Monthly SEMI Billings Report, an early perspective of equipment market trends
  • Monthly Worldwide Semiconductor Equipment Market Statistics (SEMS), a detailed report of semiconductor equipment bookings and billings for seven regions and more than 22 market segments
  • Bi-annual Total Semiconductor Equipment Forecast – OEM Perspective, an outlook for the semiconductor equipment market.

For more information online, please visit the EMDS page.

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 Contact

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

http://www.semi.org

PR Newswire

Frost & Sullivan Applaudes AWS for Leading the Automotive Cloud Services Market with a Comprehensive Suite of Solutions

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AWS complements its large ecosystem of solutions and partners with a deep focus on customer experience

SANTA CLARA, California, July 22, 2020 — Based on its recent analysis of global automotive cloud services platforms for the mobility industry, Frost & Sullivan recognizes Amazon Web Services, Inc. (AWS) with the 2020 Global Company of the Year Award. AWS has cemented its leadership in cloud by delivering innovative solutions to automotive companies for unique connected, autonomous, shared, and electric (CASE) use cases. It also offers unparalleled support through dedicated account managers, solution architects, and a partner community that can deliver round-the-clock services at scale.

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AWS offers over 175 fully featured services from the world’s most comprehensive and broadly adopted cloud platfrom from 76 Availability Zones (AZs) within 24 geographic regions. The company boasts a more extensive set of CASE-related cloud services, such as AWS IoT, AWS Outposts, and AWS Wavelength, than what is available from other competitors. AWS offers broad and deep capabilities, including artificial intelligence and machine learning, Internet of Things (IoT), high-performance computing, purpose-built databases, and data analytics. These capabilities reinforce high performance, tight security, continuous innovation, and the largest customer and partner community in the world.

“AWS stands out with its industry-best scalability, elasticity, innovation, cost savings, and global reach. More importantly, it creates clear value by focusing on its clients and then co-locating, co-developing, and co-investing with them through a highly distinct engagement model,” said Niranjan Manohar, Research Director at Frost & Sullivan. “The company places direct emphasis on interoperability to connect its platform to the broader ecosystem of Amazon’s offerings, such as its supply chain or Alexa. By maintaining this level of interconnectivity, AWS can provide a rich, differentiated experience for its customer base.”

Further demonstrating its leadership, AWS supports the entire automotive value chain, including auto-tech start-ups, Tier I suppliers, mobility service providers, fleet providers, and OEMs. Its partner-centric strategy supports several purpose-built, connected car, and autonomous third-party platforms. Besides CASE offerings, AWS specializes in product innovation, connected mobility, digital customer engagement, manufacturing, and supply chains. Its solution architects are available to provide assessments and actively seek out opportunities to reduce operational costs and increase revenue.

“In 2019, AWS collaborated with Volkswagen to power Volkswagen’s Industrial Cloud. Ford Motor Company and Autonomic both began a multi-year agreement with AWS to expand the availability of cloud connectivity services and connected car application development services. Its expanding list of clients includes industry powerhouses like BMW Group, Kia, Honda, Mazda, Uber, Elektrobit, Cox Automotive, and Edmunds,” noted Manohar. “With its innovative solutions, customer-centric design, and strong overall performance, AWS is expected to continue dominating the market in the future.”

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:
Kristen Moore
P: 210.247.3823
E: kristen.moore@frost.com

Related Links :

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PR Newswire

YSoft OMNI Series Instantly And Securely Connects Printers To Universal Print From Microsoft

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— New Cloud/Edge solution cost-effectively enhances Universal Print from Microsoft ––

BRNO, Czech Republic and DALLAS, July 21, 2020 — Y Soft, the leading enterprise workflow solutions provider, today announced a new cloud/edge computing product family, YSoft OMNI Series™, which consists of YSoft OMNI Bridge™, and YSoft OMNI Apps™, of which YSoft OMNI UP365™ is the first app to be introduced. With OMNI Bridge and OMNI UP365, any in-market network printer or MFD is instantly and cost-effectively Universal Print compatible without needing a full print management system.

Announcing the YSoft OMNI Series - YSoft OMNI Bridge and YSoft OMNI UP365. With OMNI Bridge and UP365, any in-market printer is instantly Universal Print compatible without needing a full print management system.
Announcing the YSoft OMNI Series – YSoft OMNI Bridge and YSoft OMNI UP365. With OMNI Bridge and UP365, any in-market printer is instantly Universal Print compatible without needing a full print management system.

Universal Print, developed by Microsoft, moves key Windows Server print functionality to the Microsoft 365 cloud. Organizations no longer need on-premise print servers or need to manage printer drivers, a long-standing burden on IT resources.

Due to a lack of Universal Print-enabled printers on the market, Microsoft provides connector software. However, the connector software requires a Windows 10 or Windows Server machine (physical or virtual). This Windows machine needs to be maintained, which increases IT burden. Additionally, it also presents a single point of failure, a concern when printing is part of business-critical processes.

With YSoft OMNI Bridge and YSoft OMNI UP365, any in-market multifunction device or network printer is instantly Universal Print compatible without requiring a local or remote Windows 10 or Windows Server machine. OMNI Series eliminates the need to manage printer drivers and install printers and print queues on Windows servers or workstations. It also allows for zero infrastructure, zero-trust network security, and zero IT know-how; printing is simply available to users in seconds.

Today, the YSoft OMNI Series offers these enhanced features for instant Microsoft 365 cloud connectivity and Universal Print compatibility:

  • YSoft OMNI Bridge, a serverless Edge device, connects networked printers to the cloud. Combining two or more YSoft OMNI Bridge devices into a group enhances the business value by providing failover and load balancing when high availability for print services is required.
  • YSoft OMNI UP365 instantly connects current in-market printers to Microsoft 365 via Universal Print. An OMNI UP365 subscription can be purchased for 1, 5, or 25 printers. OMNI UP365 is built on Y Soft’s advanced Universal Print integration, which provides unique benefits – such as failover and load balancing for increased resiliency.

YSoft OMNI Bridge is extensible with future YSoft OMNI Apps for incremental connectivity and additional printing and print fleet functionality for businesses of any size.

“Many customers told us they want to move print functionality to the cloud as they are migrating to Microsoft 365. They can now do that with Universal Print, but don’t want to replace all their printers and MFDs with devices that support Universal Print natively. YSoft OMNI Series provides these organizations with an elegant solution to take advantage of cloud-based print infrastructure today”, said Rani Abdellatif, Sr. Program Manager in charge of Universal Print connector technology at Microsoft.

“As a YSoft SAFEQ print management customer, Microsoft is uniquely aware of our technology capabilities. When they challenged us to create a solution that enabled in-market devices to be instantly Universal Print compatible, we saw a unique opportunity,” said Václav Muchna, CEO and co-founder, Y Soft. “The result is YSoft OMNI Series which will help businesses of all sizes reduce the print services burden on IT staff,” he added.

“Y Soft continues to advance its portfolio and now has a range of offerings to provide customers with multiple entry points into cloud-based print and print management,” says Robert Palmer, Research VP with IDC’s Imaging, Printing, and Document Solutions Group. “YSoft OMNI Series offers a unique value proposition by providing a solution for those customers anxious to deploy Microsoft Universal Print for use with legacy printing devices.”

Y Soft has a history of designing and manufacturing companion hardware devices for printers, and this experience – along with being a Microsoft Gold-certified ISV partner —  makes the company uniquely qualified to offer YSoft OMNI Series as the perfect solution for Universal Print capabilities today and the future services that YSoft OMNI Apps will provide.

Availability for YSoft OMNI Series
If you are interested in YSoft OMNI Series, sign up for availability in your country here www.ysoft.com/omniorders.

Y Soft also announced today that the YSoft SAFEQ Cloud™ family (YSoft SAFEQ CloudPro™ and YSoft SAFEQ Breeze™) of cloud-based print management services are fully integrated with Universal Print. YSoft SAFEQ, which provides on-premise print management services, is also fully integrated. If you are interested in YSoft SAFEQ and YSoft SAFEQ Cloud family integrated with Universal Print, please use www.ysoft.com/safequp to register your interest and your local Regional Sales Manager (RSM) will be sure to contact you.

About Y Soft

Y Soft develops intelligent Digital Transformation office solutions for enterprise, SMB, and Education that empower employees to be more productive and creative. Our YSoft SAFEQ® workflow solutions platform in the cloud and on-premise enables businesses to manage, optimize and secure their print and digital processes and workflows. Our YSoft BE3D™  3D print solutions are focused in the Education sector where they provide unique ease of use and safety benefits, while utilizing YSoft SAFEQ software for seamless 3D print management.

Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe, and Middle East/Africa (EMEA) and the Asia Pacific region (APAC). For more information, please visit www.ysoft.com.

Y Soft, YSoft OMNI Series, YSoft OMNI Bridge, YSoft OMNI Apps, YSoft UP365, YSoft SAFEQ, YSoft SAFEQ Cloud, YSoft SAFEQ Breeze, and YSoft SAFEQ CloudPro are trademarks or registered trademarks of Y Soft Corporation a.s. in the European Union and other countries. All other names are trademarks or registered trademarks of their respective companies.

Media contacts:

  
   

Global:
Steven Knuff
Senior Manager, Global PR and Analyst Relations
steven.knuff@ysoft.com
+1 512 810-3207

Czech Republic:
Jiří Kocourek
jiri@parco.cz
+420 775 630 414

Related Links :

http://www.ysoft.com