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USPS Unveils Latest Lunar New Year Stamp

2025 is the Year of the Snake

BOSTON, Jan. 15, 2025 /PRNewswire/ — Today, the U.S. Postal Service unveiled the Lunar New Year: Year of the Snake stamp in the historic Boch Center Wang Theatre in Boston. The Postal Service printed 21 million stamps that are now on sale at Post Offices and usps.com.

Share the news on social media using the hashtags #LunarNewYearSnake and #LunarNewYearStamp.

“Our Lunar New Year stamp series is extremely popular and we are very proud of how it highlights and celebrates America’s great diversity, said Luke Grossmann, chief financial officer and executive vice president, U.S. Postal Service, who dedicated the stamp. “As you use these vibrant stamps to mail your letters and packages, it is our wish that the “Year of the Snake” brings each of you good health, great joy and much prosperity.”

Other participants at the ceremony were Tiffany Chu, chief of staff, Office of Boston Mayor Wu; Terri Mock, Board of Directors, BCNC; Isabel Kim, chief financial officer, the Asian American Foundation (TAAF); singer Juliet Brownell-Lee; and the Wah Lum Kung Fu and Tai Chi Academy Performance Troupe.

Lunar New Year Stamp Background

The Lunar New Year holiday is a celebration of new beginnings that falls on the second new moon of the Chinese lunar calendar following the winter solstice. On Jan. 29, millions around the world will hold parades and host parties, decorate with red and gold lanterns, set off firecrackers to ward off evil spirits, and invite family and friends to share traditional foods to welcome the new year. This date also marks the beginning of the Year of the Snake, the sixth animal on the Chinese zodiac. The Year of the Snake ends Feb. 16, 2026.

The holiday — and the weeks of celebration that surround it — mark the beginning of the traditional planting season in Southeast Asia, but modern Lunar New Year festivities take place all over the world for people of Chinese, Korean, Vietnamese, Indonesian, Mongolian, Malaysian and Singaporean heritage, among others. Known as Tet in Vietnam, Seollal in Korea, and the Spring Festival in China and elsewhere, Lunar New Year historically marks the arrival of spring. Representing hope and promise, the colors red and gold appear everywhere during this auspicious time of year.

Each year in the Chinese lunar calendar is associated with one of 12 animals in the Chinese Zodiac, each with its own characteristic traits. Those born in the Year of the Snake are said to be quiet, wise and deep-thinking, making them proficient musicians, philosophers, writers and teachers.

The Stamp Design

Antonio Alcalá, an art director for USPS, worked on the Lunar New Year series of stamps with artist Camille Chew to create imagery that is fresh, fun and celebratory. Calling to mind the elaborately decorated masks used in the dragon or lion dances often performed during Lunar New Year parades, Chew’s three-dimensional pieces are a contemporary take on the long tradition of paper-cut folk-art crafts created during this auspicious time of year.

Using greens and blues as the predominant colors, the snake mask incorporates elements of symbolic meaning. Blue accents represent the wood element in Chinese culture, a choice befitting the Year of the Snake. Paper flowers for spring are adorned with gold leaves and orange blooms. Decorative purple baubles on blue strings hang from the mask.

Chew constructed the three-dimensional snake mask out of hand-printed paper, then cut, scored and folded it into shape. She then embellished the mask with acrylic paint and other paper elements, such as flowers and tassels, and covered the back of the mask in a layer of papier-mâché. Sally Andersen-Bruce then photographed the mask on a white background for this series.

Illustrations of the 12 zodiac animals, done in the artist’s unique style and finished in gold and orange foil, form vertical lines on the left and right sides of the pane of 20 stamps. In capital letters along the top, “LUNAR NEW YEAR” is printed in blue, followed by “YEAR OF THE SNAKE” in orange.

The Lunar New Year stamps are issued in panes of 20. As Forever stamps, they will always be equal in value to the current First-Class Mail 1‑ounce price.

Postal Products

Customers may purchase stamps and other philatelic products through the Postal Store at usps.com/shopstamps, by calling 844-737-7826, by mail through USA Philatelic or at Post Office locations nationwide. For officially licensed stamp products, shop the USPS Officially Licensed Collection on Amazon. Additional information on stamps, dedication ceremonies and stamp-inspired products can be found at StampsForever.com.

Please Note: The United States Postal Service is an independent federal establishment, mandated to be self-financing and to serve every American community through the affordable, reliable and secure delivery of mail and packages to 169 million addresses six and often seven days a week. Overseen by a bipartisan Board of Governors, the Postal Service is implementing a 10-year transformation plan, Delivering for America, to modernize the postal network, restore long-term financial sustainability, dramatically improve service across all mail and shipping categories, and maintain the organization as one of America’s most valued and trusted brands.

The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.

For USPS media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. Follow us on X, formerly known as Twitter; Instagram; Pinterest; Threads; and LinkedIn. Subscribe to the USPS YouTube Channel and like us on Facebook. For more information about the Postal Service, visit usps.com and facts.usps.com.

National contact: David P. Coleman
david.p.coleman@usps.gov
202-425-1476
usps.com/news

Local contact: Steve Doherty
stephen.n.doherty@usps.gov
617-529-8751
usps.com/news 

APPOINTMENT OF ARVIND BHANDARI AS CHAIRMAN AND MANAGING DIRECTOR OF GOODYEAR INDIA

SHANGHAI, Jan. 15, 2025 /PRNewswire/ — Goodyear is pleased to announce the appointment of Arvind Bhandari as Chairman and Managing Director of Goodyear India, effective January 2, 2025. Based in Delhi, Mr. Bhandari will oversee the company’s India business operations, driving strategic initiatives to strengthen Goodyear’s market position and deliver sustainable growth.

Mr. Bhandari is a seasoned business leader with extensive experience spanning sales, marketing, and general management roles across India, Africa, and Switzerland. He has worked with leading Indian and global multinationals such as ITC, Pepsi, and Nestlé. During his tenure at Nestlé, Mr. Bhandari successfully led business transformations, accelerated growth, and implemented sustainability-driven initiatives while restructuring operations for overall P&L delivery. Most recently, he led Nestlé’s Eastern Africa business, achieving sustainable and profitable growth through strategic restructuring.

Arvind Bhandari, Chairman and Managing Director, Goodyear India

Mr. Bhandari commented, “India represents one of the fastest-growing automotive markets in Asia Pacific, with tremendous opportunities for innovation and customer-focused solutions. As Chairman and Managing Director of Goodyear India, my goal is to enhance our partnerships with OEMs and dealers to make Goodyear the preferred choice for our customers and consumers in India.”

About The Goodyear Tire & Rubber Company

Goodyear is one of the world’s largest tire companies. It employs about 71,000 people and manufactures its products in 54 facilities in 21 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

About Goodyear India

Goodyear’s presence in India is 100 years old, with two plants, one each in Ballabgarh and Aurangabad. In the passenger car segment, Goodyear supplies tyres to major OEMs in India. In the farm category, Goodyear India is a leading player in Original Equipment segment and supplies to all major tractor companies. For more information about Goodyear India and its products, visit www.goodyear.co.in.

Pearson and Microsoft Announce Multi-Year Partnership to Transform the Future of Learning and Work with AI

  • Both companies are committing to transforming and scaling AI skilling and learning for learners, workers, and employers
  • Pearson to further benefit from Microsoft Azure Cloud capabilities and AI tools, including rolling out Microsoft 365 Copilot across its workforce
  • Microsoft to further benefit from Pearson assessment and learning services

LONDON and REDMOND, Wash., Jan. 15, 2025 /PRNewswire/ — Microsoft Corp. (NASDAQ: MSFT) and Pearson (FTSE: PSON.L), the world’s lifelong learning company, announced a strategic collaboration today to help to address one of the top challenges facing organizations globally: skilling for the era of AI. The partnership will focus on providing employers, workers and learners with new AI-powered products and services to help prepare the current and future workforce across industries for the era of work in an AI driven economy. By combining Pearson’s expertise in learning and assessment with Microsoft’s cloud and AI technologies, this partnership will play a foundational role in helping organizations realize the full value of AI through reskilling.

A global IDC survey[i] found that a lack of skilled workers is the biggest challenge for enterprises implementing AI technology within their organizations. The 2024 Work Trend Index Annual Report from Microsoft and LinkedIn also found that 66% of leaders say they wouldn’t hire someone without AI skills. Pearson’s Skills Outlook: Reclaim the Clock research shows generative AI can help U.S. workers save 78 million hours a week on the routine and repetitive tasks that often fill their day and can lead to burnout.

Rethinking reskilling to drive growth  

Given the urgent need to re-think learning and reskill workers, Microsoft and Pearson will collaborate in several ways, including:

  • Personalized Learning at Scale: Pearson will power its trusted and world-renowned content, assessment, upskilling and certification services with Microsoft Azure Cloud Computing and AI infrastructure. This partnership will help Pearson further scale AI and technology capabilities across the business, expanding personalized learning and AI-enabled services to millions of learners, at different stages in their learning journey, across the globe.
  • Innovative Collaboration and Go to Market Opportunities: Pearson and Microsoft will launch a strategic collaboration aimed at helping people build AI proficiency and technical skills through new AI credentials and certifications. Additionally, Pearson and Microsoft will collaborate on a series of copilots, agents and AI tools targeted at helping people develop skills-such as English language learning-and identify skills gaps seamlessly while they work. These collaborations will enable joint innovation and go-to-market activities to drive growth for Microsoft and Pearson.
  • Investing in Technology Driven Careers: Microsoft will extend its current partnership with Pearson VUE, a key provider of Microsoft Cloud and Office certifications, through 2029. These certifications have already helped millions of young people, educators, and workers prepare for jobs that use Microsoft’s world class technology. This expansion will open these vital credentials to scores of additional learners and workers around the globe.
  • Powering the Pearson Workforce: After having piloted and tested Microsoft 365 Copilot, Pearson will expand its use by deploying it to its global workforce. This is part of an ongoing effort to introduce workplace AI tools that enhance efficiency, creativity, productivity and drive better operational performance.

Pearson’s CEO Omar Abbosh, said, “AI is driving a true revolution in education and work, and we must reinvent the way people learn to meet this crucial moment. Partnering with Microsoft means we can reach more learners than ever before. By blending Microsoft’s AI leadership and Pearson’s trusted enterprise skilling and learning services, we can bring enterprise learners precisely what they need to forge ahead in their careers and help them to realize the life they imagine. This new chapter with Microsoft is yet another way we are building on our commitment to expand AI in our products and sharpen our focus on the enterprise market. Importantly, it reflects the opportunity ahead for Pearson and the people we serve.”

Judson Althoff, executive vice president and chief commercial officer at Microsoft, said, “The speed and scale of today’s AI innovation present an opportunity for organizations across industries to accelerate AI Transformation. As AI investments increase, the demand for training and support to enable effective and responsible use of AI has never been greater. We are thrilled to partner with Pearson to help global enterprises develop learning experiences that empower employees with the AI skills needed to help advance their careers and achieve more.”

The partnership extends both Microsoft’s and Pearson’s own efforts to provide AI skilling to people across the globe. In 2024, Microsoft and its partners trained and certified over 23 million people in digital skills. Pearson launched its Generative AI Foundations certification to equip professionals and students with the essential skills needed to work with gen AI technologies. Additionally, organizations around the world use Pearson VUE, along with Pearson’s AI driven Faethm capability, and Credly badging to diagnose, assess and certify skills. To learn more about Microsoft’s AI skilling resources, visit the AI Skills Navigator page.

About Pearson
At Pearson (FTSE: PSON.L), our purpose is simple: to help people realize the life they imagine through learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our 18,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading lifelong learning company, serving customers in nearly 200 countries with digital content, assessments, qualifications, and data. For us, learning isn’t just what we do. It’s who we are. Visit us at pearsonplc.com

About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more.

Contacts:
Microsoft Media Relations
WE Communications for Microsoft
(425) 638-7777
rapidresponse@we-worldwide.com

Sami Miller
Pearson Media Relations
Sami.miller@Pearson.com

i IDC InfoBrief: sponsored by Microsoft, 2024 Business Opportunity of AI, IDC# US52699124, November 2024

Logo – https://mma.prnasia.com/media2/2597563/PearsonMicrosoft_Logo.jpg?p=medium600

CoreNutrition Introduces Three Leading Korean Health Brands to Hong Kong: Tailored Solutions for Women’s Care, Weight Management, and Digestive Health

CoreNutrition: Your One-Stop Destination for Premium Korean Wellness


HONG KONG SAR – Media OutReach Newswire – 14 January 2025 – This autumn, CoreNutrition brought its exclusive health brands to Hong Kong, showcasing Korea’s innovation in wellness. With GMP and HACCP certifications, all products are crafted locally in Korea under stringent quality standards. Local warehouses ensure swift and reliable delivery, making premium wellness accessible to all.

CoreNutrition Introduces Three Leading Korean Health Brands to Hong Kong: Tailored Solutions for Women’s Care, Weight Management, and Digestive Health
CoreNutrition Introduces Three Leading Korean Health Brands to Hong Kong: Tailored Solutions for Women’s Care, Weight Management, and Digestive Health

Three Pillars of Health: Focused Solutions for Modern Needs

1. She is_: A Women-Centric Health Brand

  • Core Features: L-Leucine-based muscle recovery formula designed for women, enriched with plant-based estrogen for hormonal balance.
  • Key Product: Leucine Tablet Woman – 900 mg per serving for muscle repair and protein intake.
    Learn More

2. Saffron Recipe: Pioneering Weight and Mental Health Solutions

  • Innovation: Combines patented Satiereal® saffron extract with botanical ingredients for appetite control and mood enhancement.
  • Key Product: Sharpcut Max (Saffron Formula Vegetarian Tablets) – boosts serotonin for better dietary habits.
    Learn More

3. Dr.Prune: Digestive Health Specialist

  • Unique Blend: High-fiber formula with psyllium husk and prune extract to promote regularity and ease constipation.
  • Key Product: Prune & Psyllium Ultra Fiber Capsules – 2mm microcapsules designed for maximum intestinal coverage.
    Learn More

Message from the CEO
Launching in Hong Kong marks the first step in CoreNutrition’s vision for Asia. With plans to expand offerings and solutions, CoreNutrition aims to be a trusted partner in health for Hong Kong consumers.

Visit CoreNutrition for more details.

Hashtag: #CoreNutrition

The issuer is solely responsible for the content of this announcement.

Ras Al Khaimah Art Festival: Journey Through Memory at the 13th Edition

RAS AL KHAIMAH, UAE, Jan. 14, 2025 /PRNewswire/ — Prepare to embark on a transformative journey of creativity, culture, and connection at the 13th Annual Ras Al Khaimah Art Festival. Taking place from January 31 to February 28, 2025, this year’s Festival invites visitors to immerse themselves in the intricate beauty of ‘Memory’, hosted at the enchanting Al Jazeera Al Hamra Heritage Village.

Ras Al Khaimah Art Festival: Journey Through Memory at the 13th Edition

Under the theme of ‘Memory’, Ras Al Khaimah Art 2025 Festival will feature over 100 local and international artists, showcasing works inspired by personal and collective experiences. From intimate reflections to shared cultural narratives, the Festival creates a vibrant communal space for healing, connection, and introspection.

Oscar Wilde once said, “Memory is a diary that we all carry about with us.” This sentiment resonates deeply with the Festival’s theme, which explores how memory binds us to our past, shapes our identities, and guides us toward the future. Visitors are invited to explore the rich tapestry of personal and cultural memory woven through a variety of artistic expressions.

The Garden of Self-Reflected Memories is a modern art installation that mirrors the ancient architecture of Al Jazeera Al Hamra, blending history and innovation to create a thought-provoking space. Memory Lane, a new pathway exhibiting the best works from the past five years of the Festival’s award-winning artists, adds a reflective element. Back in Time Weekend, running from February 7 to 9, offers nostalgic programs and workshops designed to transport visitors to cherished childhood memories.

Thematic weekends will immerse guests in uniquely curated experiences, offering interactive workshops, live performances, and insightful talks. Highlights include Cultural Weekend from February 21 to 23, celebrating Emirati traditions with local artisans and cultural exhibits, and Family & Pet-Friendly Weekend from February 14 to 16, creating a welcoming space for families.

Global collaborations feature prominently this year, with six exhibitions in partnership with the Marinko Sudac Foundation, embassies from the Netherlands, Germany, the UK, and Brazil, and the U.S. Mission to the UAE. Friday night Japanese film screenings in collaboration with the Japanese Consulate add an international cinematic touch. Culinary experiences include exclusive dining events such as “Belly of the Beast,” a South African culinary adventure starring chefs Anouchka Horn and Neil Swart, and the gastronomic journey at Antica Australis. The Barasti Market, a dynamic marketplace featuring local Emirati cuisine, unique boutiques, and live entertainment, returns as a Festival favorite. Guided tours provide opportunities to delve into Ras Al Khaimah’s rich history, including heritage walks and culinary explorations, offering a unique lens into the region’s vibrant culture.

Ras Al Khaimah Art 2025 Festival offers a unique platform for visitors from Saudi Arabia to explore parallels between Emirati and Saudi heritage while experiencing innovative global art. The Festival’s emphasis on collective memory and storytelling mirrors China’s deep respect for ancestry and history, fostering meaningful cross-cultural dialogue. For visitors from Russia and Kazakhstan, the Festival provides a bridge between Central Asian cultural narratives and the UAE’s rich tapestry of tradition and modernity.

Ras Al Khaimah Art 2025 Festival is proudly presented by Aldar and supported by prominent partners, including RAK Properties, Stevin Rock, and RAK Ports. With immersive programming and stunning landscapes, the Festival promises a truly transformative experience.

Save the Dates: January 31 – February 28, 2025. Discover more and book your tickets for workshops, tours, and events on the official festival website.

Ras Al Khaimah Art Festival: Journey Through Memory at the 13th Edition

Picarro Broadens Initiative to Enable Sterilization Facilities to Streamline Ethylene Oxide Emissions Compliance Ahead of New EPA NESHAP Rule

Program includes 2nd Annual EtO Compliance Conference, expanded educational resources, and enhanced solutions and expert services

SANTA CLARA, Calif., Jan. 14, 2025 /PRNewswire/ — Picarro, a global leader in gas monitoring, analytics, and services, today announced an expanded initiative to empower commercial sterilization professionals with the services, tools, and data insights they need to navigate evolving regulatory landscapes. The Environmental Protection Agency (EPA) has set an October 5, 2026, deadline for sterilization facilities to comply with updated National Emission Standards for Hazardous Air Pollutants (NESHAP) regulations for Ethylene Oxide (EtO). Prior to that date, facilities must evaluate their current EtO abatement strategies, implement necessary upgrades, and then perform ongoing emissions management strategies and reporting to meet and maintain compliance.

Leveraging cutting-edge technology, in-house expertise, a robust partner network, and an engaged professional community, the Picarro EtO Compliance Initiative is designed to help facilities focus on operational excellence while simplifying compliance with the EPA’s stringent new requirements.

Picarro EtO Compliance Conference Returns in 2025

A cornerstone of this initiative is the continuation of the EtO Compliance Conference, building on the success of Picarro’s inaugural 2024 event. This conference brought together industry executives, technicians, key abatement solution providers, and Picarro experts to share proven strategies for managing EtO emissions effectively. Highlights included:

  • Expert Presentations: Insights from industry thought leaders such as Raymond Stanford, President of Steritec and Joseph Sigmund, head of North American sales at Carus LLC.
  • Panel Discussions: In-depth sessions on regulatory readiness, facility optimization, and advanced emissions monitoring technologies.
  • Networking Opportunities: Connections fostering collaboration and innovation across the sterilization sector.

The 2025 EtO Compliance Conference promises even more value, offering expanded opportunities for learning, networking, and technology exploration.

“Feedback from the 2024 EtO Conference has been overwhelmingly positive,” said Dave Miller, Vice President of Environmental Solutions at Picarro. “This event uniquely addresses the sterilization industry’s need for actionable data, guidance, cutting-edge technology, and peer collaboration. We’re committed to elevating the experience further in 2025.”

Expanded Resources for EtO Emissions Compliance

To maintain momentum in knowledge sharing, Picarro will launch a suite of educational resources throughout 2025, including a continuing series of webinars, white papers, and case studies designed to clarify NESHAP, Performance Specification 19 (PS-19), and 40 CFR 63, Subpart O, and other related EPA requirements.

The third webinar in the ongoing series will feature experts from Picarro and LESNI, a leading provider of EtO catalytic abatement systems. Planned for March 2025, the session will highlight how Picarro EtO monitoring solutions demonstrated the LESNI systems’ exceptional EtO destruction efficiency of 99.99+% – exceeding EPA abatement standards.

Picarro EtO Solutions: Trusted Data, Expert Guidance, and Comprehensive Support

Effective and profitable sterilization operations demand focus. Picarro’s suite of EtO emissions management services and solutions allows operators to focus on their business while Picarro focuses on compliance. In 2025, Picarro will introduce enhanced solutions to further streamline emissions management for EtO and other hazardous pollutants. The Picarro EtO compliance services and solutions will continue to provide:

  • Trusted Data: Workplace Monitoring, Fenceline, and Continuous Emissions Monitoring (CEMS) systems deliver ultra-precise, interference-free detection, analysis, and reporting of EtO.
  • Expert Guidance: Experienced team assesses operations and provides tailored advice for navigating regulatory requirements.
  • World-Class Support: End-to-end services prevent costly downtime, mitigate risks, and avoid compliance penalties.

About Picarro

Picarro, Inc. is a global leader in advanced gas monitoring and analytics solutions. Coupled with expert services, our offerings deliver trusted data to simplify regulatory compliance, optimize energy infrastructure, and advance scientific research. For more information, visit www.picarro.com.

Contact: Jake Thill
Director of Marketing
Picarro, Inc.
jthill@picarro.com

Electronic System Design Industry Posts $5.1 Billion in Revenue in Q3 2024, ESD Alliance Reports

MILPITAS, Calif., Jan. 14, 2025 /PRNewswire/ — Electronic System Design (ESD) industry revenue increased 8.8% to $5,114.5 million in the third quarter of 2024 from the $4,702.4 million registered in the third 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 13.7%.

“The electronic design automation (EDA) industry reported significant revenue growth in Q3 2024,” said Walden C. Rhines, Executive Sponsor of the SEMI Electronic Design Market Data report. “Product categories Computer-Aided Engineering and Services posted double-digit growth, with Printed Circuit Board and Multi-Chip Module, and Semiconductor Intellectual Property also posting growth. Regionally, the Americas along with Europe, Middle East, and Africa reported double digit growth. The four-quarter moving average increased for all product categories and regions.”

The companies tracked in the EDMD report employed 62,417 people globally in Q3 2024, a 4.5% increase over the Q3 2023 headcount of 59,737, but down 1.2% compared to Q2 2024.

The quarterly EDMD report contains detailed revenue information within the following category and geographic breakdowns.

Revenue by Product and Application Category – Q3 2024 Year-Over-Year Change

  • Computer-Aided Engineering (CAE) revenue jumped 16% to $1,922.2 million in Q3 2024. The four-quarter CAE moving average increased 14.5%.
  • Integrated Circuit (IC) Physical Design and Verification revenue decreased 5.5% to $854.4 million. The four-quarter moving average for the category increased 4.3%.
  • Printed Circuit Board (PCB) and Multi-Chip Module (MCM) revenue rose 5.8% to $450.8 million. The four-quarter moving average for PCB and MCM rose 9.1%.
  • Semiconductor Intellectual Property (SIP) revenue increased 7% to $1,686.2 million. The four-quarter SIP moving average rose 17.5%.
  • Services revenue rose 45.2% to $200.8 million. The four-quarter Services moving average rose 30.8%.

Revenue by Region – Q3 2024 Year-Over-Year Change

  • The Americas, the largest reporting region by revenue, procured $2,325.4 million of electronic system design products and services in Q3 2024, a 17.2% increase. The four-quarter moving average for the Americas rose 17%.
  • Europe, Middle East, and Africa (EMEA) procured $645.6 million of electronic system design products and services, a 17.1% increase. The four-quarter moving average for EMEA grew 15.4%.
  • Japan’s procurement of electronic system design products and services decreased 3.5% to $298.5 million. The four-quarter moving average for Japan increased 7.6%.
  • Asia Pacific (APAC) procured $1,845 million of electronic system design products and services, an 0.7% decrease. The four-quarter moving average for APAC grew 10.6%.

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)
  • Total employment at participating companies

For information about SEMI market research reports, visit the SEMI Market Research Reports and Databases Catalog.

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.

Contact Paul Cohen at pcohen@semi.org or Bob Smith at bsmith@semi.org for more details.

Engage with the ESD Alliance
www.esd-alliance.org
ESD Alliance Bridging the Frontier blog
X: @ESDAlliance
LinkedIn
Facebook

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.

Association Contacts

Paul Cohen
Phone: 508-769-2106
Email: pcohen@semi.org

Jack Taylor
Phone: 512-560-7143
Email: jack.taylor@siemens.com

Brown Advisory Appoints Logie Fitzwilliams Co-CEO to Serve Alongside Long-Time CEO Mike Hankin

BALTIMORE, Jan. 14, 2025 /PRNewswire/ — Brown Advisory, an independent investment management and strategic advisory firm, today announced the next step in its leadership, with the creation of a Co-Chief Executive Officer structure. Effective immediately, Mike Hankin and Logie Fitzwilliams will share chief executive responsibilities. Mike Hankin has served as the sole CEO and President since the firm became private and independent in 1998. Logie Fitzwilliams started with Brown Advisory in 2003 and has most recently served as the Head of International Business and Global Head of Sales.

Together, the firm’s independent Board of Directors and Mike Hankin decided that a Co-CEO structure would be the best design to provide the leadership needed to meet the growing needs of the firm’s clients, colleagues and shareholders. As a team, Mike and Logie, who have worked closely together for the last 15 years, will deepen the firm’s partnership and collaborative culture to drive results for all stakeholders. This evolution represents the most significant change in Brown Advisory’s leadership since the firm adopted its current private, independent structure in 1998. As Co-CEOs – and Co-Presidents – both Mike and Logie will serve on, and report to, the Board that governs the firm.

Mike Hankin stated, “I could not be more excited about this natural next step in the leadership of the firm. In the building of a global investment team and business to complement what we have been cultivating in the U.S., Logie has led with the qualities that we think make him the ideal person to share responsibility for leadership of the entire firm. He understands that to be truly client first, we need to be obsessively focused on listening to our clients in the U.S. and around the world. He understands that to build successful teams, we need to also listen to our colleagues. We need to make sure that our colleagues have the resources and training necessary to live up to our clients’ expectations.”

He added, “Importantly, Logie and I share the existential commitment to Brown Advisory remaining a private and independent firm. Our ownership structure – where every single colleague owns equity in the firm alongside an important set of outside shareholders who provide critical advice and support – will remain the same; it is the structural backbone to being the client-first firm we aspire to be over generations.”

Logie Fitzwilliams noted, “It is a tremendous honor to join Mike in the leadership of Brown Advisory. Throughout my 22 years at the firm, I have been privileged to work with him closely and we have built a deep relationship that will serve as the foundation for our partnership as Co-CEOs. Most importantly, from the outset we have had a shared focus on investing for, advising and serving our clients at the highest possible level, and a common commitment to the future of Brown Advisory as a private, independent, entrepreneurial and nimble business.”

Bob Flanagan, Lead Director of the Brown Advisory Board, shared, “The process and thinking behind this decision was extensive, productive and always forward looking. We considered many options and scenarios to ensure that Brown Advisory had the best leadership in place for the present and future. Each of us believe that the firm, its clients and its colleagues will be best served with Mike and Logie acting as CEOs, together.”

Bea Hollond, Director and Chair of the firm’s International Advisory Board, added, “Being based in the U.K., I have had the direct opportunity to work with and advise Logie on the firm’s international business strategy. I have seen first-hand the incredible impact he has made for Brown Advisory and its clients. I know the Directors all share my excitement in welcoming Logie to the Board, and to seeing Mike and Logie work together as a team.”

Under Mike Hankin’s leadership, the firm has grown from overseeing client assets of $2 billion in 1998 to now almost $170 billion – representing an annualized growth rate of 17%. Today, the firm’s clients are served by nearly 1,000 colleagues located in 14 offices across the United States, a significant office in London and strategic bases in Frankfurt, Singapore and Tokyo. The firm’s clients – a collection of individuals, families, nonprofits, charities, institutions and financial intermediaries – are located in 51 countries and in every U.S. state. Brown Advisory also manages meaningful fund platforms – private funds, mutual funds and now ETFs – in the U.S., as well as platforms outside of the U.S. in Ireland, Bermuda and the Cayman Islands. Over the past ten years, the firm’s client-retention rate exceeds 98% through its commitment to deliver first-rate investment performance, thoughtful strategic advice and the highest level of service for clients.

Quintin Ings-Chambers will take over as Head of the International Business. Quintin joined Brown Advisory in 2012 as Head of the firm’s International Private Client and Charity business. He has over 25 years of investment industry experience. Prior to joining Brown Advisory, he served as an Investment Director at SG Hambros and as a Director in the private client and charity group of Baring Asset Management. Quintin will report into Logie Fitzwilliams.

Logie Fitzwilliams and Mike Hankin

About Brown Advisory 

Brown Advisory is an independent investment management and strategic advisory firm committed to providing its clients with a combination of investment performance, strategic advice and the highest level of service. Brown Advisory has been a private and independent firm since 1998. Today, the firm has more than 950 colleagues – each with an equity interest – serving private clients and institutions in over 50 countries from 18 offices globally and is responsible for approximately US$170 billion in assets for private and institutional clients and charities as of December 31, 2024. The firm’s colleague equity ownership, experienced investment professionals and client-first culture help to make a material difference in the lives of its clients. For more information, please visit www.brownadvisory.com.

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Email: brown@dlpr.com 

Tania Wild: +44 7425 536 90

Email: BrownAdvisory@cardewgroup.com