CAE Strengthens Presence in Asia with Seven New Facilities
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
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