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Semiconductor OHT (Overhead Hoist Transport) Market Size to Grow USD 1246.2 Million by 2029 at a CAGR of 9.6% | Valuates Reports

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BANGALORE, India, July 17, 2024 /PRNewswire/ — Semiconductor OHT Market is Segmented by Type (within 20 Meters, 20-40 Meters), by Application (200mm Wafer Factory, 300mm Wafer Factory, 450mm Wafer Factory): Global Opportunity Analysis and Industry Forecast, 2024-2029.

Global Semiconductor OHT (Overhead Hoist Transport) Market is expected to reach USD 719 Million in 2023, with a positive growth of %, compared with USD 669 Million in 2022. Backed with the increasing demand from downstream industries, Semiconductor OHT (Overhead Hoist Transport) industry is estimated to reach USD 1246.2 Million in 2029. The CAGR will be 9.6% during 2023 to 2029.

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Major Factors Driving the Growth of Semiconductor OHT Market:

The semiconductor Overhead Hoist Transport (OHT) market is experiencing significant growth due to the increasing demand for efficient and automated material handling systems in semiconductor manufacturing. OHT systems are critical in semiconductor fabs for moving wafers and materials seamlessly between different process stages.

The growing complexity and miniaturization of semiconductor devices necessitate highly precise and reliable transport systems to maintain production efficiency and yield. Additionally, the push towards smart manufacturing and Industry 4.0 integration drives the adoption of advanced OHT solutions equipped with IoT and AI capabilities for real-time monitoring and optimization. As semiconductor manufacturers strive to enhance productivity and reduce operational costs, the demand for sophisticated OHT systems continues to rise, bolstering market expansion.

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TRENDS INFLUENCING THE GROWTH OF THE SEMICONDUCTOR OHT MARKET:

The expansion of the Semiconductor OHT market is being driven by the adoption of Within 20 Meters Semiconductor Overhead Hoist Transport (OHT) systems in 300mm wafer facilities. These systems improve the accuracy and efficiency of material handling procedures in small, tightly packed manufacturing settings. Wafers may be transported between processing equipment quickly and reliably with the help of these short-distance OHT systems, which also minimize delays and lower the possibility of contamination or damage. The strict quality and productivity criteria needed for 300mm wafer fabrication depend heavily on the high throughput and operating flexibility offered by these technologies. As a result, as semiconductor manufacturers look to streamline their processes and boost output, the use of within 20 meters OHT systems is spreading and driving the market’s expansion.

By improving the efficiency and accuracy of material handling procedures in small, closely spaced manufacturing settings, the usage of Within 20 Meters Semiconductor Overhead Hoist Transport (OHT) systems in 300mm wafer manufacturers is propelling the growth of the Semiconductor OHT market. By facilitating the quick and dependable transfer of wafers between processing apparatus, these short-distance OHT systems save downtime and lower the possibility of contamination or damage. These systems’ high throughput and operating flexibility are essential for upholding the exacting productivity and quality requirements needed in the 300mm wafer fabrication process. Because semiconductor firms want to boost output and streamline processes in order to drive market expansion, there is a growing trend toward the deployment of within 20 meters OHT systems.

The market for semiconductor overhead hoist transport (OHT) is expanding due to the increasing use of 20-40 meters systems, which provide medium-sized semiconductor production facilities with an efficient wafer transport solution by balancing speed and distance. In order to connect multiple process regions inside the fab and ensure the smooth and timely supply of wafers to various stages of production, these mid-range OHT systems are crucial. These systems aid in the reduction of bottlenecks and enhancement of overall manufacturing efficiency by optimizing the flow of materials over modest distances. Because of its adaptability and scalability, 20–40 meters OHT systems are essential to the modernization and growth of semiconductor fabs, which in turn drives considerable market increase.

The ongoing usage and modernization of 200mm wafer facilities is a major element driving the growth of the Semiconductor Overhead Hoist Transport (OHT) industry. In order to improve their production procedures and maintain their competitiveness, these older but still operating fabs are progressively implementing OHT systems. In 200mm wafer facilities, OHT implementation enhances automation, lowers mistakes in human handling, and boosts throughput. The continued need for semiconductors in a variety of sectors makes it imperative to preserve and maximize the output of the 200mm fabs that are currently in place. As a result, these manufacturers are investing more in OHT systems, which helps the Semiconductor OHT market develop by prolonging the life and productivity of already-established production facilities.

The Semiconductor OHT market is expanding as a result of the continual shrinking and rising complexity of semiconductor devices, which call for sophisticated and accurate material handling solutions. Wafer transportation must be free of contamination and damage as semiconductor components get smaller and more complex. OHT systems offer the safe handling conditions needed for these fragile wafers. Furthermore, very accurate and dependable material handling systems are required due to the complexity of today’s semiconductor production processes, which include several delicate phases and tight integration. OHT systems’ capacity to satisfy these demanding specifications establishes them as crucial elements in contemporary fabs, fostering industry expansion.

One of the main factors propelling the semiconductor OHT market is the move toward more automation in semiconductor production. By reducing the need for manual labor, automation improves process accuracy and uniformity while reducing the possibility of human mistake. OHT systems are essential to this automation because they offer effective, automated material handling solutions that work in unison with other automated operations in the fabrication facility. To ensure high throughput and efficiency, wafers must be transported between stages of manufacturing properly and rapidly. OHT system use is anticipated to increase, supporting market expansion, as the semiconductor sector continues to embrace automation in order to remain competitive.

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SEMICONDUCTOR OHT MARKET SHARE:

Some of the leading companies in Semiconductor OHT (Overhead Hoist Transport) include Shinsung E&G, SMCore, DAIFUKU, Murata Machinery, and SYNUS Tech.

About 80% of the market is currently held by Single Track OHT; in the upcoming years, Double Track OHT will expand at a quicker rate.

Because of its thriving semiconductor manufacturing sector, North America is a major player in the semiconductor OHT market. The US and Canada are home to some of the world’s top semiconductor businesses, and their vast R&D efforts fuel the need for sophisticated OHT systems. The market is further propelled by North America’s emphasis on automation and the uptake of Industry 4.0 technology. The OHT market is expanding because of the region’s well-established infrastructure and ongoing expenditures in modernizing industrial facilities.

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By Companies:

Murata MachinerySMCoreZenixSYNUS TechShinsung E&GSiasun RoboticsSeen BnTek

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–  Semiconductor Advanced Packaging market was valued at USD 15670 Million in 2023 and is anticipated to reach USD 26270 Million by 2030, witnessing a CAGR of 7.5% during the forecast period 2024-2030.

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–  Semiconductor Pellicle market is projected to reach USD 1998.1 Million in 2029, increasing from USD 1209 Million in 2022, with a CAGR of 7.1% during the period of 2023 to 2029.

–  Semiconductor Remanufactured Equipment market was valued at USD 5853 Million in 2023 and is anticipated to reach USD 10720 Million by 2030, witnessing a CAGR of 9.0% during the forecast period 2024-2030.

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–  Semiconductor Memory Market revenue was USD 142800 Million in 2022 and is forecast to a readjusted size of USD 361050 Million by 2029 with a CAGR of 14.0% during the forecast period (2023-2029).

–  Semiconductor Radiation Detector Market revenue was USD 345.2 Million in 2022 and is forecast to a readjusted size of USD 487.5 Million by 2029 with a CAGR of 5.2% during the forecast period (2023-2029).

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Huawei Cloud in France: Building an AI-Native Cloud to Amplify Intelligence on the Tech Stage

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PARIS, Nov. 14, 2024 /PRNewswire/ — HUAWEI CONNECT 2024 PARIS commenced today, featuring the first Huawei Cloud Summit France. Huawei Cloud is building an AI-native cloud through systematic innovation and service reshaping. Moving forward, Huawei Cloud will continue to drive innovation in both the “AI for Cloud” and “Cloud for AI” directions, accelerating the intelligent transformation across industries in France.

Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, delivered a welcome speech in her digital presence built using Huawei Cloud MetaStudio. She stated, “Innovation is the heart of our success, our competitiveness, and our growth. That’s why we invest heavily in R&D to bring you the most secure and reliable cloud services possible, including cloud native, AI, and big data. In Europe, Huawei Cloud has collaborated with over 500 local partners to deliver a wide range of industry-specific solutions and proven expertise, enabling European businesses to expedite their cloud adoption, leverage global resources, and achieve leapfrog growth.”

In his keynote speech, William Dong, President of Huawei Cloud Marketing, highlighted the importance of AI in building economic moats. To this end, Huawei Cloud launches Pangu models to enable intelligent upgrades across industries, with over 400 use cases in 30 industries now benefiting from Huawei Cloud’s AI-native cloud infrastructure that extends cutting-edge technologies and premium experiences to European customers. On the tech stage, Huawei Cloud is set to amplify intelligence.

Huawei Cloud’s AI-native strategy has been a cornerstone of the company’s innovation. This strategy is twofold: AI for Cloud and Cloud for AI, marking significant advancements in Huawei Cloud’s capabilities. “AI for Cloud” means integrating Pangu models with cloud services for product R&D, data governance, security, and O&M to make them more intelligent and efficient.

With full-stack systemic innovations, “Cloud for AI” covers data centers, cloud platform architectures, and infrastructure services, enabling efficient and high-performance data preparation, training, inference, and application of foundation models. The distributed cloud database GaussDB features high performance, high intelligence, and easy migration. Huawei Cloud Stack 8.5 provides more than 120 locally deployed cloud services and 50 industry-specific solutions, building the optimal hybrid cloud for intelligent transformation.

At this summit, Huawei Cloud officially released the Flexus cloud services for small- and medium-sized enterprises (SMEs) in France. Flexus feature flexible specifications, AI-driven high speed, 6x burst speed, compute hot upgrade, and ultimate experience.

Presently, Huawei Cloud has more than 500 customers, partners, and developers in France. Song Wanying, President of Huawei Cloud France, shared insights on fostering business growth through cloud innovation and introduced new media & entertainment, e-commerce, and retail solutions for the French market, furthering intelligent initiatives.

Huawei Cloud has upgraded media services in a 3E approach: efficiency, experience, and evolution. For instance, AIGC for virtual humans can significantly reduce the time required for short video production from days to mere minutes. In terms of experience, Huawei Cloud leverages its self-developed RTP protocol to minimize latency to 500 ms and reduce frame freezing to 10%. For business model evolution, Huawei Cloud offers virtual human technology to facilitate efficient video production, leading to new business opportunities and growth.

In retail and e-commerce, Huawei Cloud has developed the B.R.A.N.D. model to assist retailers in driving innovation and growth. Through professional services, deterministic operations, security, reliability, and 16 sub-scenario solutions, B.R.A.N.D. enables retailers to build agile, efficient, and secure business systems.

In terms of ecosystem expansion, Huawei Cloud has partnered with Station F, the world’s largest startup incubator, to launch a sustainability-themed incubation program. This program aims to provide comprehensive support for startups, including cloud resources, investment opportunities, and dedicated office spaces. Additionally, Huawei Cloud and 20 ecosystem partners have unveiled the Industry Partner Innovation Program at the summit.

This two-day event features a packed agenda, including the partner forum and the Cloud Native Elite Club (CNEC) roundtable. At this year’s HUAWEI CONNECT Europe, CNEC returned to Europe and invited its first members to join this technical community built for European technology pioneers.

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ALBERT GAHFI, NEWCO CAPITAL GROUP CEO, NOMINATED FOR THE U.S. FINTECH AWARDS’ INNOVATOR OF THE YEAR

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NEW YORK, Nov. 14, 2024 /PRNewswire/ — NewCo Capital Group is proud to announce that Albert Gahfi, CEO of NewCo Capital Group and Co-Founder and Director of Bizcap, has been nominated for the prestigious Innovator of the Year Award by the U.S. FinTech Awards. This recognition highlights Albert’s groundbreaking contributions to the FinTech sector and his dedication to founding companies that empower small businesses with forward-thinking capital solutions.

We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech

As a proven enterprise-building founder and CEO, Albert co-founded Kings Cash Group and oversaw its merger with a large FinTech consortium that included an SEC-registered fund. As the Co-Founder and CEO of NewCo Capital Group, Capytal.com, and NewCo Canada, as well as the co-founder of Melbourne-based BizCap, Albert’s global expansion strategy has led to the opening of offices in New Zealand, the United Kingdom, and a recently announced strategic initiative in Asia via Singapore.

The nomination for Innovator of the Year underscores NewCo’s commitment to reshaping how small-to-medium businesses and enterprise companies access financing. Since its founding, NewCo has remained at the forefront of Specialty Finance within the FinTech sector, continually creating custom capital solutions that leverage advanced technology, nuanced underwriting, and a deep understanding of client needs.

Bruce Gurvitsch, Chief Revenue Officer for NewCo Capital Group and Capytal.com, commended the nomination, stating, “Albert’s nomination for Innovator of the Year reflects his unwavering pursuit of excellence—a drive that defines our mission at NewCo. We’re committed to pushing the boundaries of what’s possible in FinTech, ensuring that SMBs have access to the capital they need for growth, job creation, and long-term success.”

NewCo and its affiliate companies have transformed traditional financing models, making it easier, faster, and more efficient for businesses to secure funding. With over $1.8 billion deployed across 40,000+ businesses globally, NewCo continues to lead the charge in specialized financing and working capital.

Reflecting on the nomination, Gahfi remarked, ‘This recognition from the U.S. FinTech Awards validates our efforts and inspires us to continue delivering the most innovative solutions to the market.’ He emphasized NewCo’s long-term vision, adding, ‘We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech. Our mission has always been to empower small businesses globally.’

For more information about NewCo Capital Group, visit www.NewCoCapitalGroup.com or email Info@NewCoCapitalGroup.com.

About NewCo Capital Group & Capytal.com

Founded in 2020, NewCo Capital Group and its affiliate companies empower SMBs globally with fast, accessible financing and funding. The companies have successfully deployed $1.8 billion to over 40,000 SMBs while maintaining a 4.9/5 Trustpilot rating.

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SOURCE NewCo Capital Group

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Enrollsy Unveils Brand Refresh and New Website to Enhance Enrollment Experience for Schools, Camps, Nonprofits, and More

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LEHI, Utah, Nov. 14, 2024 /PRNewswire/ — Enrollsy, the platform dedicated to making enrollment simple and accessible for organizations of all sizes, is thrilled to announce its brand refresh and launch of a new website at www.enrollsy.com. With a renewed focus on simplifying enrollment processes and delivering unparalleled support, Enrollsy’s brand refresh reinforces its commitment to empowering non-technical professionals with a seamless, user-friendly experience.

Enrollsy is online enrollment software made easy.

The name “Enrollsy” reflects the platform’s mission: combining “enroll” and “easy” to describe a solution that effortlessly manages the enrollment process—from sign-up to payments and communications—without requiring technical expertise or IT support. Enrollsy’s customizable platform is designed to solve enrollment challenges and make life easier for administrators everywhere.

Empowering Purpose, Mission, Vision, and Values

Driven by a purpose to create an exceptional experience from the first interaction to ongoing support, Enrollsy ensures every aspect of its service is tailored to customer needs. Enrollsy’s mission—to provide an amazing enrollment experience to 10 million people in a single year—drives the platform to innovate, simplify, and perfect enrollment solutions for organizations managing data, payments, and communications.

Enrollsy envisions a world where education, enrichment, and connection drive better outcomes, helping organizations fulfill their missions. As a trusted partner, Enrollsy shares its values with customers by prioritizing consistency, honoring commitments, and maintaining clear, actionable communication.

Unmatched Customer Experiences

Enrollsy’s brand refresh also highlights its commitment to delivering value through real-life customer success stories. Elizabeth Fizer, owner of Fizer Fine Art, shares, “Enrollsy transformed our registration process from an absolute nightmare to easily manageable. Their unmatched customer service and ability to tailor the software to meet our specific needs allowed us to offer flexible schedules and simplified invoicing—enabling me to focus on my family during a busy registration period. Parents found it easy and intuitive, which only enhanced our customer experience.”

Similarly, Matthew Vinson from Common Ground on the Hill, a nonprofit, noted, “Enrollsy exceeded our expectations by listening to our unique needs and creating a system that integrates with our existing applications seamlessly. They understood our operations and provided features we needed, making the registration process efficient and stress-free.”

Visit the New Enrollsy Website

Enrollsy’s reimagined website offers a refreshed look at how the platform simplifies enrollment, billing, and communication for education, enrichment, and nonprofit organizations across the U.S., Australia, and Canada. Visitors are invited to explore www.enrollsy.com to discover how Enrollsy’s solutions are transforming the enrollment experience and simplifying administrative processes.

About Enrollsy Enrollsy provides a complete, easy-to-use solution for managing enrollments, payments, and participant communications. Designed for non-technical professionals, Enrollsy’s mission is to simplify enrollment for organizations while delivering unmatched support and flexibility. Visit www.enrollsy.com to learn more about how Enrollsy is shaping the future of enrollment.

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SOURCE Enrollsy, Inc.

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