PR88748

AUSTIN, Texas, March 30, 2021 /PRNewswire=KYODO JBN/ --

-- CAE expands footprint throughout Asia-Pacific with added locations in Japan,

Taiwan, China, Korea, Singapore, India and Australia

CAE, the industry's first software and data-driven physical commodity trader

for semiconductor capital equipment and commodities, announces a strengthened

presence in the Asia-Pacific region with offices in Japan, Taiwan, China,

Korea, Singapore, India and Australia. CAE is positioned to triple its

footprint in Asia over the next three years by placing fully integrated teams

in every country with a fabrication facility. Today, CAE has over 130

professionals throughout Asia with an additional 24 professionals being added

this year.

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Headquartered in the United States, CAE has a long-standing, successful history

of operating throughout Asia. CAE completed its first hire in Asia in 2010.

Since then, CAE has developed an effective, market-weighted growth plan for

operations in Asia and continues to invest in local talent. In 2021, CAE

projects 60% of its hiring will occur throughout Asia with growing trading

teams, data and decision science experts, logistics and transportation

resources, and world-class managers. With growing trading pods in Asia, CAE's

physical global footprint remains fully integrated to provide clients with

real-time access to assets and demand from across Asia, Europe and the United

States. CAE's research, inspection and due diligence team, Global Inspection

Services (GIS), provides on-the-ground support throughout Asia. CAE's

professionals are based within same-day proximity of many of the active

fabrication facilities. GIS will continue to grow alongside trading pods to

provide CAE's clients with rapid reactions to their needs and real-time

information on the world's assets. This year, GIS is projected to conduct over

500 inspections, estimated at 10,000 assets, across fabrication facilities,

research centers, warehouses and refurbishment companies in Asia.

"Asia is the most important market for the semiconductor industry. While its

origins began as a viable manufacturing venue, it has grown into a set of

ecosystems with advanced manufacturing, unique chip design, and broad test and

assembly innovation," said Ryan Jacob, chief executive officer for CAE. "Asia

is the highest growth market in the world for semiconductor manufacturing and a

technology leader in both high-volume and niche manufacturing. As use cases

grow and chips proliferate into cars, homes, energy and transportation

infrastructure, industrial automation, healthcare and core communications,

integrated circuits have become as central as air, in effect, to modern society.

"Asia has the most rapidly growing middle and consumer class, which means its

native demand will complement Asia as a global force in chip production. We

want to support the technological development happening throughout Asia. CAE

will continue to make its clients successful by providing a safe, transparent,

and rapid market for semiconductor capital equipment and commodities as the

global installed base continues its migration to Asia. We are the most active

semiconductor equipment and commodity trader in Asia. It is the highest growth

piece in our business; therefore, we are thrilled to see both employee and

customer adoption of our model and look to support both in the future."

CAE is positioned to support Asia's strong global business technology presence

by rapidly scaling its platform reach, adding over 1,000 new assets and

points-of-demand per day on average. With over three decades of history in

Asia, CAE's investment in Asia will continue to support clients today and far

into the future. CAE tracks over 537,000 global assets inside fabrication

facilities, warehouses, refurbishment companies and research centers — many

assets on an exclusive basis. Simultaneously, CAE works with clients on over

260,000 active inquiries, the most extensive collection of supply and demand in

the world.

About CAE

CAE is a global software and data-driven physical commodity trader for

semiconductor production equipment and commodities. Headquartered in Austin,

Texas, CAE developed the market-share-leading, transaction-validated technology

that enables the end-to-end processing of semiconductor equipment and commodity

purchases, sales and shipments. To learn more, please visit www.caeonline.com.

SOURCE: CAE