SHENZHEN, China, April 14, 2025 /PRNewswire/ — Covation Biomaterials LLC (“CovationBio®“), a biomaterials company with advanced technology in the bio-based materials industry, proudly announces its newest innovation, CovationBio® bioPTMEG, the advanced, sustainable polytetramethylene ether glycol (PTMEG), delivering high performance with significantly lower environmental impact.
BioPTMEG is a bio-based alternative to petroleum-based PTMEG, helping customers reduce their reliance on non-renewable materials and maintain the durability and resilience expected in high performance applications such as spandex, polyurethanes and thermoplastic elastomers.
A few of the superior sustainability benefits offered by CovationBio® bioPTMEG include:
a substantial reduction of greenhouse gas emissions compared to fossil-based incumbents;
a product that is 100% bio-based and obtained from annually renewable resources;
the use of feedstock such as corncobs which do not compete with primary food sources;
a reduced reliance on non-renewable fossil fuel use.
Drop-in performance to allow downstream to switch to bio-based raw material without major process change
Mr. Feifeng You, Chairman of CovationBio, stated: “As a force of nature, CovationBio’s vision is to build a sustainable, decarbonized materials industry. To this end, we’re proud to launch CovationBio® bioPTMEG. It uses carbon absorbed by plants from the atmosphere for material creation, improving the quality of life. We’re scaling up production to cut carbon footprints. This is our responsibility to future generations. Through continuous innovation and cooperation, we aim to build a sustainable and regenerative materials industry. We invite all stakeholders to join us in creating a greener, cleaner, and more prosperous world.”
“This drop-in replacement can be seamlessly integrated into existing manufacturing processes and does not require extensive, or even any, product development,” he added
The construction of a plant in Jiangsu Province, Qidong is expected to be mechanically complete toward the end of 2025. Commercial production should begin in the first quarter of 2026.
Those attending Chinaplas may visit the CovationBio® booth at Hall 20, Booth H21 from April 15-18, 2025. Aligned with this year’s theme, “Transformation, Collaboration, Sustainability,” the team will highlight how CovationBio® bioPTMEG can integrate into customer materials and advance sustainability strategies.
On April 14th 2025, the Global Marketing Director for C4 Platform Dr. Mosha Zhao and the Global Technology Director of CovationBio Dr. Dan Slanac will make the first official introduction to CovationBio® bioPTMEG on the Media Day of Chinaplas 2025 to share the global sustainability commitment of CovationBio and the impact of this new technology. For those interested in learning more, please visit bioPTMEG@covationbio.com.
Disclaimer: The statements regarding product‘s life cycle analysis (LCA) and product performances above are based on tests by CovationBio and True North, an authoritative third party in the US. As the relevant data involves trade secrets, it will only be provided upon legal request in administrative or judicial proceedings. We appreciate your understanding.
About CovationBio®
Founded in 2022, in Newark, Delaware, Covation Biomaterials LLC is a biomaterials company with advanced technology in the bio-based materials industry, offering a product portfolio of high-performance, sustainable solutions.
The company builds on its rich DuPont legacy of groundbreaking scientific innovation and continues to deliver novel solutions at scale across multiple industries, including apparel, carpeting, cosmetics, food, and packaging. Through product lines such as Sorona®, Susterra® and Zemea®, the mission of Covation Biomaterials is to deliver building blocks that will enable customers to provide bio-based products accessible to everyone. Covation, Covation Biomaterials, Sorona, Susterra, and Zemea are trademarks of Covation Biomaterials™ or its affiliates. For more information about Covation Biomaterials, please visit CovationBio.com and follow on WeChat, LinkedIn, Instagram, and Facebook.
HANOI, VIETNAM – Media OutReach Neswire – 14 April 2025 – Together with world-renowned scientists including Prof. Joel F. Habener, Prof. Jens Juul Holst and Assoc. Prof. Svetlana Mojsov, Prof. Daniel Drucker at the University of Toronto and the Lunenfeld-Tanenbaum Research Institute, has discovered the role of glucagon-like peptide-1 (GLP-1), leading to life-changing therapies for people with diabetes and obesity while stimulating emerging applications for neurodegenerative diseases. This groundbreaking innovation has garnered significant recognition for him and the GLP-1 research group, exemplified by the prestigious 2023 VinFuture Special Prize for Innovators with Outstanding Achievements in Emerging Fields, and the 2025 Breakthrough Prize in Life Sciences, awarded earlier this April.
Prof. Daniel Drucker, 2023 VinFuture Special Prize Laureate for Innovators with Outstanding Achievements in Emerging Fields, continues to receive recognition with the 2025 Breakthrough Prize in Life Sciences
In this interview, he reflects on the impact and influences of the VinFuture Prize on his further research, as well as the challenges and prospects of expanding GLP-1 accessibility. As global scientific recognition continues to evolve, he shares insights into the vital role of initiatives like the VinFuture Prize in inspiring the next generation of scientists.
VinFuture: Recognizing transformative science
The 2023 VinFuture Prize holds the distinction of being the first major international science and technology award to recognize and honor the scientists behind the discovery of the role of GLP-1. Following the VinFuture Prize, the GLP-1 research group has continuously received recognitions with numerous other prestigious accolades, including their listing among the 2024 Time 100 Most Influential People.
Reflecting on this, Prof. Drucker expressed deep appreciation, noting that these awards provide invaluable support in pushing the boundaries of scientific discovery.
“As the VinFuture Prize gains prominence, having GLP-1 science acknowledged as a recipient also helps elevate the global understanding of how it can transform healthcare,” he emphasized.
Continuing its commitment to recognizing impactful advancements, the 2024 VinFuture Prize honored innovators in the biomedical field for their development of CAR T-cell therapy for cancer and other diseases. According to Prof. Drucker, this innovation stands as “a remarkable example of how immunological science can revolutionize the treatment of many cancer types.”
“With the honoring of AI and CAR T cell therapy, the trends I observe are consistent with other international awards, where similar innovative themes are celebrated around the same time or within a few years. This alignment reinforces the importance of these breakthroughs.” Prof. Drucker commented.
Among the youngest international science-technology awards, now in its fifth year, the VinFuture Prize is steadily establishing its significance and reputation, evidenced by the increasing number of laureates continuing to receive recognition from prestigious international awards, most notably the Nobel Prize. Prominent examples include Dr. Katalin Karikó and Prof. Drew Weissman (Laureates of the 2021 VinFuture Grand Prize and 2023 Nobel Prize in Physiology or Medicine), Dr. Demis Hassabis and Dr. John Jumper (Laureates of the 2022 VinFuture Special Prize and 2024 Nobel Prize in Chemistry), and Prof. Geoffrey Hinton (Laureate of the 2024 VinFuture Grand Prize and 2024 Nobel Prize in Physics).
“Despite being a relatively new award, the VinFuture Prize has done an exceptional job of highlighting high-quality science. The recognition of AI, coinciding with its recent recognition by the Nobel Prize, highlights its transformative impact on numerous aspects of society,” Prof. Drucker said. “So I think the VinFuture Prize council really has its finger on the leading edge of science in many areas.”
Beyond diabetes
2024 was a landmark year for GLP-1 research, with several exciting clinical trials demonstrating benefits extending far beyond obesity to include the treatment of patients with heart disease, obstructive sleep apnea, and knee osteoarthritis. Additionally, Prof. Drucker hinted at early promising results for patients with metabolic liver disease and noted ongoing studies exploring GLP-1’s effects on Alzheimer’s disease, with results expected soon.
“The continuous wave of new findings will provide deeper insights into the full potential of GLP-1-based therapies.” Prof. Drucker commented, stating that each study will contribute to refining our understanding of this science.
Furthermore, Prof. Drucker highlighted GLP-1’s neurological effects and its potential clinical application in addressing mental health conditions, including anxiety, depression, and compulsive behaviors. He noted that preliminary, early-stage trials with small patient groups investigating GLP-1’s potential in reducing cravings and treating addiction-related disorders have yielded promising initial results.
“Several academic research centers are actively studying GLP-1’s effects on substance use disorders, and major pharmaceutical companies such as Eli Lilly and Novo Nordisk have begun clinical trials to explore these applications further.” Prof. Drucker shared, “It will likely take 12 to 18 months before we gain a clearer picture of whether these medicines can be clinically effective in helping individuals reduce or quit substance use.”
Prof. Drucker also highlighted compelling research indicating GLP-1’s interaction with the brain, extends beyond appetite regulation, suggesting a range of potential therapeutic applications.
“Ongoing trials are underway in people with substance use disorders, including alcohol, nicotine, cannabinoids, and opioids, conditions for which existing medicines are not always very effective.” He elaborated, “We have trials underway for Alzheimer’s disease with oral semaglutide, which are expected to conclude by the end of 2025. These investigations will significantly enhance our understanding of GLP-1’s neurological impact and potential clinical applications.”
Overcome barriers to maximize impact
Despite the global excitement for the “Ozempic era”, there are many challenges hindering the widespread impact for GLP-1 medicines. These include the current high cost and limited accessibility of the treatments, the reliance on primarily two main drug options (semaglutide and tirzepatide), and the practical limitations of refrigeration and pen-based delivery for most formulations, as Prof. Drucker pointed out.
“A key priority is the democratization of these treatments so that everyone who could benefit from them has access. To achieve this, we are working on small-molecule pills that are easier to manufacture and should be more affordable.” He explained.
Prof. Drucker anticipated that increased competition in the GLP-1 market will lead to lower prices, development of newer versions that are easier to use, including once-monthly injections, thereby improving accessibility and convenience for millions worldwide.
“Most initial launches have occurred in countries with well-established healthcare and reimbursement systems. Only now are we seeing manufacturing capacity expand enough to increase availability, but costs remain a significant barrier.” He stated, emphasizing the critical need to advance these medicines not only to enhance their efficacy in areas like weight loss and cardiovascular health but also to make them more convenient to take, more affordable, and more broadly accessible to patients globally.
Another major challenge that Prof. Drucker identified is determining the appropriate dosage for extending the therapeutic applications of GLP-1 to conditions beyond diabetes and obesity. While the dosage effective for weight loss may not be suitable for other disorders like Parkinson’s, Alzheimer’s, alcohol use disorder, anxiety, or depression, understanding the dose-response relationship for these conditions requires time and further investigation.
Additionally, research is underway to reduce adverse effects, making GLP-1 treatments safer and more comfortable for patients. Prof. Drucker elaborated, “One key strategy is starting patients on very low doses and gradually increasing them to minimize side effects. Additionally, some companies are researching ways to reduce further adverse effects, such as developing co-formulated anti-nausea compounds to improve tolerability.”
Future research for GLP-1 therapies presents numerous possibilities; however, the translation from research to clinical application for neurodegenerative and substance use disorder treatments still presents unmet needs with a lack of evidence for progress. According to Prof. Drucker, with clinical trials underway, they may yield valuable insights within the next 12 to 24 months regarding the potential extension of GLP-1 therapy benefits from glucose control to complex disorders of the central nervous system.
He identified, “The key lies in understanding how to effectively engage the brain, identifying which regions can respond to GLP-1 signaling, and how to optimize that communication.”
In conclusion, Prof. Drucker highlighted the promising contemporary landscape of scientific research, emphasizing the crucial need to inspire the next generation to embrace science and pursue research careers. In this context, the 2023 VinFuture Special Prize Laureate commended the VinFuture Prize for its valuable contribution in motivating individuals within the scientific community and engaging younger generations in science.
“When we visited Vietnam, we met with many young scientists, and I was impressed by VinFuture’s strong efforts to inspire and connect with them. I encourage VinFuture to continue and expand these efforts because investing in young talent is the key to a future filled with groundbreaking innovations.” He stated.
The issuer is solely responsible for the content of this announcement.
VinFuture
The VinFuture Foundation, established on International Human Solidarity Day on December 20th, 2020, is a non-profit organization co-founded by billionaire Mr. Pham Nhat Vuong and his wife, Mrs. Pham Thu Huong. The Foundation’s core activity is awarding the annual VinFuture Prize, which recognizes transformative scientific and technological innovations capable of making significant positive changes in the lives of millions of people worldwide.
The nomination period for the 2025 VinFuture Prize will close at 2:00 PM on April 17, 2025 (Vietnam time, GMT+7). Submit your nominations here: https://vinfutureprize.org/vinfuture-prize-nomination/. Outstanding nominators will be honored through the VinFuture Nominator Recognition Program.The VinFuture Prize consists of four prestigious awards presented each year. The most esteemed is the VinFuture Grand Prize, valued at US$3 million, making it one of the largest annual prizes globally. Additionally, there are three Special Prizes, each valued at US$500,000, specifically dedicated to honoring Women Innovators, Innovators from Developing Countries, and Innovators with Outstanding Achievements in Emerging Fields.
3CLogic Unveils Groundbreaking Integration with ServiceNow to Transform Voice-Driven Self-Service, Enhancing Employee and Customer Experience, Boosting Efficiency, and Reducing Operational Costs
ROCKVILLE, Md., April 14, 2025 /PRNewswire/ — 3CLogic, the AI-powered contact center solution provider built for ServiceNow®, and ServiceNow (NYSE: NOW), the AI platform for business transformation, have expanded their successful partnership to deliver a groundbreaking, end-to-end AI-powered solution for both employee and customer experiences. This solution combines ServiceNow Customer Relationship Management (CRM) products with 3CLogic’s next-generation Customer Experience (CX) platform. The result is a unified solution that enables users to streamline self-service and assisted service operations, reduce operational costs, and enhance both agent efficiency and customer satisfaction.
“These AI-powered solutions help businesses struggling with disconnected CRM and CCaaS systems. By embedding native voice controls, intelligent routing, and real-time insights directly into ServiceNow, we’re delivering a seamless, scalable customer contact center experience,” said Terence Chesire, VP of Product Management for CRM and Industry Workflows at ServiceNow. “This unified approach enhances both self-service and agent-assisted interactions—helping to drive efficiency, reduce costs, and improve service quality at every touchpoint. Always with a focus on delivering customers’ requests.”
Transforming Contact Center Operations with AI In today’s fast-paced business environment, organizations demand more efficient and effective ways to engage with customers and employees. The new solution from ServiceNow and 3CLogic delivers an innovative approach to contact center management with key features designed to increase productivity and enhance service quality.
Single Agent Experience Across All Channels The latest 3CLogic integration will include the use of ServiceNow’s newest Native Voice Controls directly embedded in the Customer Service Management (CSM) Configurable Workspace, whereby agents will be able to manage voice interactions alongside digital cases from a single platform. The approach will replace the previous floating Computer Telephony Integration (CTI) frame to extend a more streamlined agent experience while delivering immediate context on the caller, relevant data, and actionable guidance—all in one view.
Real-Time Transcription and AI-Powered Insights 3CLogic’s Real-Time Transcription (RTT) will seamlessly integrate into ServiceNow’s configurable agent workspace, allowing agents to focus entirely on customer issues without the need to take notes. With ServiceNow’s AI capabilities, transcriptions can automatically be transformed into summaries and resolution notes, reducing lengthy call wrap-up processes and average handling times. The integration will also provide managers with critical insights into service trends, enabling better decision-making around training and operational improvements.
Unified Routing for Seamless Interactions 3CLogic’s intelligent, channel-agnostic interaction manager will enhance ServiceNow’s routing capabilities by helping ensure that all customer inquiries—whether digital or voice—are routed to the right agent based on ServiceNow context and date. The universal routing solution will help reduce the effort of maintaining duplicate routing rules and agent skills, resulting in fewer misdirected cases, enabling faster response times, and allowing users to lower costs while improving both agent productivity and customer satisfaction.
“Thanks to the integration of 3CLogic and ServiceNow, our caller identification and authorization process is now significantly faster, saving valuable time on every call compared to our previous system. This streamlined approach not only accelerates the call initiation process but also significantly enhances the overall customer experience and operational efficiency,” said Kurt Mosley, VP of Service Support at Flexential. “We are excited about the continued growth of the 3CLogic and ServiceNow partnership and look forward to further integrations that will drive business success, boost productivity for our teams, and strengthen long-term customer loyalty.”
Streamlining Operations and Driving Business Impact The new AI-powered solution allows for improved agent performance and substantial cost savings by automating processes and optimizing workflows. Businesses can improve first contact resolution rates, reduce customer effort, and resolve cases faster—all key drivers of customer satisfaction. The various enhancements are expected to roll out throughout the year starting this spring.
3CLogic is a ServiceNow certified Technology and Advanced Platform Build partner with offerings available for ServiceNow’s IT Service Management, CRM and Industry Workflows, and HR Service Delivery solutions. The organization will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2025 event this May in Las Vegas.
About 3CLogic 3CLogic transforms customer and employee experiences with its patented and award-winning AI-powered cloud contact center solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative capabilities, such as intelligent self-service, Generative AI, Conversational AI, agent automation & coaching, and AI-powered sentiment analytics — all designed to lower operational costs, maximize ROI, and deliver better, faster, and more personalized interactions for IT, employee, and customer service. For more information, please visit www.3clogic.com.
About ServiceNow ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.
This release contains “forward‑looking statements” regarding our future plans and performance. Forward‑looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward‑looking statements. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward‑looking statements we make.
Factors that may cause actual results to differ materially from those in any forward‑looking statements include: (i) delays and unexpected difficulties and expenses in executing the partnership or delivering the product capabilities and offerings, (ii) changes in the regulatory landscape related to AI and (iii) uncertainty as to whether sales will justify the investments in the product capabilities and offerings. Further information on factors that could affect ServiceNow’s financial and other results is included in the filings ServiceNow makes with the Securities and Exchange Commission from time to time.
We undertake no obligation, and do not intend, to update these forward‑looking statements.
This new AI-native feature transforms test orchestration, making test setup effortless, intelligent, and exceptionally faster.
NOIDA, India and SAN FRANCISCO, April 14, 2025 /PRNewswire/ — LambdaTest, a unified agentic AI and cloud engineering platform, today announced the launch of the HyperExecute MCP Server, a cutting-edge enhancement to its AI-native test orchestration platform, HyperExecute. This new update introduces the Model Context Protocol (MCP), significantly streamlining automated testing workflows and reducing setup time from hours or weeks to mere minutes.
By integrating MCP, HyperExecute enables AI models to interact autonomously with digital tools, enhancing the speed, efficiency, and simplicity of automated test configurations. Developers and QA teams can automatically analyze project structures, generate precise test commands, and create customized YAML configurations without manual effort.
HyperExecute MCP Server further enhances productivity through real-time insights into test executions and effective management of testing workflows, facilitating seamless continuous integration and delivery. To ease onboarding, LambdaTest also integrated Agentic RAG inside the HyperExecute MCP server. If the user needs help at any point, they could just ask the agent which would fetch answers from the HyperExecute docs directly.
“HyperExecute MCP Server represents a significant leap forward for the quality engineering industry,” said Asad Khan, CEO and Co-Founder of LambdaTest. “We’re not only enhancing the speed and accuracy of testing but also fundamentally simplifying workflows so developers can focus more on innovation and less on setup complexities. Our MCP Server isn’t just another testing tool; it’s a paradigm shift. By automating complex configurations through intelligent AI interactions, we’re redefining what’s possible in test automation—making it faster, smarter, and universally accessible,” he added.
With this launch, LambdaTest continues its commitment to simplifying software testing, improving collaboration, and ensuring superior product quality from development through release. HyperExecute is already redefining test automation by executing tests up to 70% faster than traditional grids, and now, with HyperExecute MCP servers, LambdaTest aims to amplify the Developer Experience and Testing efficiency to the next scale.
LambdaTest is an AI-native, omnichannel software quality platform that empowers businesses to accelerate time to market through intelligent, cloud-based test authoring, orchestration, and execution. With over 15,000 customers and 2.3 million+ users across 130+ countries, LambdaTest is the trusted choice for modern software testing.
Browser & App Testing Cloud: Enables manual and automated testing of web and mobile apps across 10,000+ browsers, real devices, and OS environments, ensuring cross-platform consistency.
HyperExecute: An AI-native test execution and orchestration cloud that runs tests up to 70% faster than traditional grids, offering smart test distribution, automatic retries, real-time logs, and seamless CI/CD integration.
KaneAI: The world’s first GenAI-native testing agent, leveraging LLMs for effortless test creation, intelligent automation, and self-evolving test execution. It integrates directly with Jira, Slack, GitHub, and other DevOps tools.
CHICAGO, April 14, 2025 /PRNewswire/ — International audio brand Fosi Audio made a high-profile appearance at AXPONA 2025 in Chicago from April 11 to 13, unveiling its upgraded brand strategy and a series of next-generation HiFi products under the theme “Building an Inclusive HiFi Ecosystem for Audiophiles Worldwide.” This marks the brand’s official debut of its all-new HiFi audio ecosystem, featuring multiple upcoming releases including the highly anticipated SP601 passive bookshelf speakers and i5 planar magnetic headphones.
Brand Revamp: Making HiFi Accessible Through Innovation
At AXPONA 2025, Fosi Audio announced its new brand vision — “A New Audio Tech Brand Bringing HiFi Joy to Audiophiles Worldwide” — and reaffirmed its mission of “Redefining HiFi with Unmatched Value.” With a strong focus on user-centric innovation, the company is committed to lowering the barrier to high-fidelity audio and making superior sound accessible to more people.
Fosi Audio’s core philosophy is encapsulated in its name — FOSI, representing four core values:
Foresight – Visionary thinking and proactive solutions for the future
Openness – Co-creating with audiophiles by listening to users
Sincerity – Always putting users first with a commitment to quality
Innovation – Breaking technological boundaries to exceed expectations
The company also introduced its new brand slogan — “HEAR THE UNHEARD” — a bold statement that reflects Fosi Audio’s relentless pursuit of audio performance and fidelity, while underscoring its core belief: user needs drive innovation.
A Complete HiFi Chain: Showcasing the Future of Home Audio
Driven by deep user insights, Fosi Audio recognizes that today’s audio enthusiasts seek more than just standalone products — they want fully integrated, high-quality HiFi solutions. At AXPONA, the brand showcased a full-system lineup including upcoming source devices like the Luna 3 turntable and Merak CD player, the ZP3 preamp, E30 cinema-grade DAC amplifier, passive speakers, subwoofers, and over-ear headphones. This all-in-one HiFi ecosystem delivers a seamless audio experience from source to sound output. Visitors were impressed by the products’ premium design, intuitive usability, and stunning sonic performance — echoing the sentiment that “the future of HiFi has arrived.”
Equipped with a 6.5-inch paper-aluminum composite woofer, a 1.5-inch silk dome tweeter, and a rear-firing bass reflex port, the SP601 delivers warm and natural highs, clean mids, and tight, punchy lows. Its lightweight diaphragm ensures rapid transient response and expansive soundstage, making it an ideal choice for both music listening and home theater setups.
i5 Planar Magnetic Headphones
Featuring a 97mm ultra-thin nano diaphragm driver, the i5 adopts industry-first sputtering technology and an acoustically optimized damping back cavity design. These innovations reduce resonance and enhance transients, resulting in a clear and natural sound signature. The headphone also features breathable ear cushions, a memory metal headband, and seamless silicone adjustment for long-term comfort — ideal for both casual listening and professional monitoring.
Fosi Audio is committed to delivering high-value, high-performance audio solutions by focusing on user needs and continuous innovation. Through years of product development and global co-creation with the audiophile community, Fosi Audio has earned acclaim from music lovers, reviewers, and media outlets such as Wirecutter, Digital Trends, Trusted Reviews, Headfonia, as well as platforms like Audio Science Review and Head-Fi.
Founder Ryan Huang states:
“Our vision is to become a global leader in audio innovation. Fosi Audio will continue to push the boundaries of audio technology based on user feedback, making HiFi not a luxury for the few, but an art of sound that can be enjoyed by audiophiles and music lovers around the world.”
MILPITAS, Calif., April 14, 2025 /PRNewswire/ — Electronic System Design (ESD) industry revenue increased 11% to $4,927.3 million in the fourth quarter of 2024 from the $4440.9 million reported in the fourth quarter of 2023, the ESD Alliance, a SEMI Technology Community, announced today in its latest Electronic Design Market Data (EDMD) report. The four-quarter moving average, which compares the most recent four quarters to the prior four, rose 12.8%.
“The electronic design automation (EDA) industry reported substantial revenue growth in Q4 2024,” said Walden C. Rhines, Executive Sponsor of the SEMI Electronic Design Market Data report. “All product categories increased significantly, with all categories except Semiconductor Intellectual Property posting double-digit growth. Regionally, the Americas, along with Japan and Asia Pacific, reported double digit growth. The four-quarter moving average increased for all product categories and regions.”
The companies tracked in the EDMD report employed 61,827 people globally in Q4 2024, a 2.9% increase over the Q4 2023 headcount of 60,106, but down 0.9% compared to Q3 2024.
The quarterly EDMD report contains detailed revenue information within the following category and geographic breakdowns.
Revenue by Product and Application Category – Q4 2024 Year-Over-Year Change
Computer-Aided Engineering (CAE) revenue rose 10.9% to $1,696.9 million in Q4 2024. The four-quarter CAE moving average increased 12.3%.
Integrated Circuit (IC) Physical Design and Verification revenue increased 15.4% to $797.9 million. The four-quarter moving average for the category increased 8.1%.
Printed Circuit Board (PCB) and Multi-Chip Module (MCM) revenue jumped 15.9% to $476.2 million. The four-quarter moving average for PCB and MCM rose 8.3%.
Semiconductor Intellectual Property (SIP) revenue increased 7.9% to $1,760.7 million. The four-quarter SIP moving average rose 15.7%.
Services revenue rose 11% to $195.6 million. The four-quarter Services moving average rose 26.2%.
Revenue by Region – Q4 2024 Year-Over-Year Change
The Americas, the largest reporting region by revenue, procured $2,171.8 million of electronic system design products and services in Q4 2024, a 12.9% increase. The four-quarter moving average for the Americas rose 17.1%.
Europe, Middle East, and Africa(EMEA) procured $622.3 million of electronic system design products and services, a 2.3% increase. The four-quarter moving average for EMEA grew 10.6%.
Japan’sprocurement of electronic system design products and services increased 21.7% to $318.4 million. The four-quarter moving average for Japan increased 10.8%.
Asia Pacific (APAC) procured $1,814.8 million of electronic system design products and services, a 10.2% increase. The four-quarter moving average for APAC grew 9.3%.
About the EDMD Report The ESD Alliance Electronic Design Market Data report presents Electronic Design Automation (EDA), SIP and Services industry revenue data quarterly. Both public and private companies contribute data to the report available from SEMI. Each quarterly report is published approximately three months after quarter close. EDMD report data is segmented as follows:
Revenue by product category (CAE, IC Physical Design and Verification, SIP, PCB/MCM Layout, and Services) including numerous detailed sub-categories
Revenue by geographic region (Americas, EMEA, Japan and APAC)
About the Electronic System Design Alliance The ESD Alliance, a SEMI Technology Community, offers initiatives and activities that bring value to our entire industry including:
Coordinating and amplifying the collective and regional voices of the industry.
Continually promoting the value the industry delivers to the global semiconductor and electronics industry.
Addressing and defending threats and reducing risks to the industry.
Achieving efficiencies for the industry.
Marketing the attractiveness of the design ecosystem as an ideal industry for pursuing a career.
Enabling networking, sharing and collaboration across the industry.
About SEMI SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.
The information supplied by the ESD Alliance is believed to be accurate and reliable, but the ESD Alliance assumes no responsibility for any errors that may appear in this document. All trademarks and registered trademarks are the property of their respective owners.
HYDERABAD, India and DALLAS, April 14, 2025 /PRNewswire/ — Cyient, a global Intelligent Engineering solutions company, has been awarded a strategic contract to support Green H Bodø in the development and execution of its hydrogen production and distribution facility at Langstranda in Bodø, Norway. The project is part of a joint venture between GreenH and Luxcara.
GreenH is a Norwegian company that develops infrastructure for the production and distribution of green hydrogen from renewable energy. Luxcara is an independent asset manager based in Hamburg, Germany, focused on fostering renewable energy projects in Europe.
The Bodø project represents a major step in advancing Norway’s renewable energy ambitions, focusing on delivering green hydrogen to the maritime sector and heavy transport industries. The hydrogen facility will supply green hydrogen fuel under a long-term agreement with Torghatten Nord AS, fuelling the Vestfjorden ferries – a cornerstone project in Norway’s green energy transformation for the maritime sector. As civil construction began in the fall of 2024, this partnership marks a significant milestone in delivering an innovative and sustainable energy solution.
Cyient’s scope of work includes providing comprehensive owner’s engineering and detailed plant engineering services. Cyient will leverage its extensive experience in green and renewable energy engineering including green hydrogen towards optimizing project delivery and enhancing efficiency through the lifecycle of this momentous project.
Speaking on the collaboration, Espen Lied, COO, GreenH, said, “We are excited to collaborate with Cyient to bring our hydrogen vision to life in Bodø. With Cyient’s expertise, we’ll complete the detailed engineering of our hydrogen plant and provide the basis for procurement, construction, and installation of our first facility for production and direct bunkering of green hydrogen.”
“Green or clean hydrogen is a game-changer in the world’s energy transition to sustainable fuels, and it is considered an efficient energy carrier. We are extremely proud and happy to have received our large order for the engineering delivery of the world’s first-of-its-kind green hydrogen production for maritime transport. Based on our strong track record of implementing efficient and cost-effective balance of plant design on all projects that we have executed, we are confident that we can assist GreenH and Luxcara to make this prestigious hydrogen project a great success,” said, Espen Berg, Managing Director, Cyient Norway.
About Cyient Cyient (Estd: 1991, NSE: CYIENT) delivers intelligent engineering solutions across products, plants, and networks for over 300 global customers, including 30% of the top 100 global innovators. As a company, Cyient is committed to designing a culturally inclusive, socially responsible, and environmentally sustainable tomorrow together with our stakeholders.
For more information, please visit www.cyient.com Follow news about the company at @Cyient
About Green H GreenH is a Norwegian company that develops infrastructure for the production and distribution of green hydrogen from renewable energy. The company is engaged in projects aimed at building, owning and operating hydrogen production facilities for the maritime sector, transport and industry. The company will establish a network of hubs for hydrogen production, located as close as possible to the end users. This will result in reduced transport costs, and reduced CO2 emissions both during production, transport and use. GreenH is co-owning the GreenH Bodø project together with investor Luxcara and is managing the project execution.
About Luxcara Luxcara is an independent asset manager offering equity and debt investment opportunities to international, institutional investors in the global clean energy infrastructure market. The Hamburg-based company acquires, structures, finances and operates clean infrastructure projects with a long-term, buy-build-operate approach for the clean energy transition. Luxcara’s longstanding focus on unsubsidized markets has made the company one of Europe’s most prominent investors in projects with long-term power purchase agreements. The company’s portfolio includes clean energy infrastructure across Europe. Its track record, dating back to 2009, makes Luxcara one of the continent’s most experienced asset managers for clean energy investments.
BEIJING, April 14, 2025 /PRNewswire/ — Yiren Digital Ltd. (NYSE: YRD) (“Yiren Digital”), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, today announced the formation of a strategic joint venture (the “JV”) with PT. Pinjaman Kemakmuran Rakyat (“klikUMKM”) and PT. Artha Digital Investama, member of Artha Graha Network (altogether “AG Network”). AG Network is a leading Indonesian conglomerate with businesses in finance, retail, agriculture, telecommunications, and manufacturing. The partnership combines Yiren Digital’s cutting-edge financial technology expertise and AG Network’s deep local market knowledge to develop innovative digital solutions, addressing the growing demand for accessible financial services and inclusive finance in Southeast Asia’s largest economy.
Under the collaboration, Yiren Digital will integrate its AI-driven capabilities and proprietary technologies into the JV’s operations, including advanced risk management algorithms, automated customer service platforms, and data-driven marketing solutions. The technological foundation will enable the platform to scale efficiently and deliver secure, customer-centric financial services tailored to the Indonesian market.
The JV will also capitalize on AG Network’s established local market presence and regulatory expertise, which includes compliance with local regulatory requirements and a nuanced understanding of domestic market dynamics. AG Network’s support is expected to expedite regulatory approvals and ensure swift market entry for the JV.
The JV is expected to commence operation in the second half of 2025.
Beyond the JV, the partnership aims to explore additional technology collaborations, supporting AG Network’s broader digital transformation initiatives across its diverse business portfolio.
Mr. Ning Tang, Chairman and CEO of Yiren Digital, commented: “The partnership with AG Network marks a significant milestone in our international expansion strategy. It underscores our AI capabilities in credit financing and our ability to deploy these technologies at scale. I am confident that this collaboration will drive financial and technological innovation in Indonesia’s market of 281 million people, fostering greater financial inclusion.”