Artificial Intelligence
Global NOR Flash Memory Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)
New York, Oct. 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global NOR Flash Memory Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” – https://www.reportlinker.com/p06325616/?utm_source=GNW
Key Highlights
The current semiconductor shortages and undersupply of other memory products such as the DRAM and NAND have increased the demand and the average selling price of the NOR Flash products since the pandemic; over the coming years, the ASP of NOR flash is expected to decline significantly owing to growing stockpiles and impacting demand.
The growing digitalization is driving the requirements of data logging, artificial intelligence, and over-the-air updates, which are mainly incorporated by wearables. Such demand for technology in wearables is driving the demand for the NOR flash market.
One of the major applications of NOR Flash in the growing IoT market is True Wireless Stereo (TWS) hearable devices. As Apple, Samsung, Sony, Xiaomi, Huawei, and others have come up with ideas to create connections with smartphones and hearing device, the need for improving acoustic features have increased, and that drives the NOR flash as more firmware needs to be stored in NOR flashes of the TWS hearables.
Research and development costs are expected to increase with the growing end-user requirements for NOR flash memory. Vendors like Micron have invested USD 15 billion to construct a new fabrication facility for memory manufacturing in Boise, Idaho.
The electronics device sector was impacted significantly by the COVID-19 outbreak, as China is one of the major suppliers of raw materials and finished products. The industry amid the pandemic faced a reduction in production, disruption in the supply chain, and price fluctuations. Further, the sales of prominent electronic companies were affected during the period. The travel restriction on both people and products hampered the market’s growth in the short run. However, due to the pandemic and supply shortages, the average selling price of the NOR flash memory increased, and the NOR flash memory market slightly gained an edge over the overall memory market.
Key Market Trends
Cosumer Electronics to Hold a Major Share in the Market
NOR Flash is often deployed as an embedded device for code execution in many portable consumer products, such as cameras, wearables, or mobile phones. As such, the significant growth in the usage of these products in recent years is driving the demand for the market studied. For instance, according to the Consumer Technology Association (CTA), smartphone shipments are projected to reach 154.1 million units (USD 74.7 billion in shipment revenues) in 2022, marking a 3% growth from 2021.
A common application area for NOR Flash is wearables and hearables. Memory is a key design factor in enabling many of the advanced features in these devices, like the sleek design and lightweight. Many devices are beginning to implement data logging as well. Such advanced capabilities drive the need for more non-volatile memory or memory that can retain stored data even when powered off. Since many wearables and hearables are battery-operated, NOR Flash is often the memory of choice, given its fast read access, endurance, and reliability.
Further, the applications of NOR Flash are estimated to boost in the coming era of the Internet of Things (IoT). Due to the increasing availability of high-speed connectivity, rising cloud adoption, and increasing use of data processing and analytics, the adoption of IoT is growing steadily. For instance, as per Ericsson, there were 1.9 billion cellular IoT connections in the world in 2022, which is expected to grow to 5.5 billion in 2027, registering a CAGR of 19% over the period.
Among the several IoT applications, true wireless stereo (TWS) hearable devices have driven a significant momentum on NOR Flash. Apple was the first company to realize wireless stereo transmission with the launch of AirPods, which creates connections between earbuds and iPhones. Eventually, many players, like Samsung, Sony, Huawei, Xiaomi, and other brands, entered the TWS hearables market and released their own products. To improve the acoustic features, more firmware needs to be stored in NOR Flashes in TWS hearables. Hence, the rise of the TWS Bluetooth hearables market is expected to drive the demand for NOR Flash strongly.
The market growth in the segment is also positively influenced by the high demand for OLED displays for smartphones, wearables, laptops, and TVs. For instance, with the rapid increase of OLED mounting on tablets and laptops, in October 2021, Samsung Display announced plans to expand its mid-size organic light emitting diode (OLED) display shipments to more than 10 million units in 2022, which is an increase of about 60% compared to 2021.
OLED display suffers the disadvantages of luminance and color non-uniformity, where a NOR Flash could prove beneficial. OLED uses organic semiconductors as the emitting material. With the addition of production discrepancies, the same-colored sub-pixels might vary in brightness levels under the same electrical signal, which might cause luminance and color non-uniformity. To cope with this non-uniformity, an external NOR Flash could be used to store compensation data, application programs, or firmware images. As such, the growing demand for OLED displays is anticipated to fuel the demand for NOR Flash memory significantly.
China to Hold Major Market Share and Witness Highest Rate of Shipment Volume of NOR Flash Memory
China is the largest consumer of electronics globally. Several recent initiatives have also been taken to boost the industry’s output. For instance, in January 2021, the Chinese government announced plans to expand the domestic market for electronic components to CNY 2.1 trillion (USD 327 billion) by 2023. Besides, the region is home to some of the largest players in the market, such as GigaDevice. The combination of these factors makes China one of the most promising regions for the market. The market studied is growing with the proliferating electronics industry in the region as NOR flash memory is often used to store configuration data in numerous digital products. Electronics is one of the largest industries in China and is a significant contributor to the country’s overall economic growth.
The concentration of electronics manufacturing in China has provided a foundation for the significant development of IoT products in the country, further stimulated by massive domestic consumer demand. IoT development in China also benefits from massive state-led spending on enabling infrastructure. For instance, China recently announced a three?year plan for new IoT infrastructure development (2021?2023), targeting the initial completion of new IoT infrastructure in major cities by the end of 2023. Such initiatives will fuel the growth of IoT-enabled smart devices, facilitating market growth.
China is also accelerating the construction of 5G base stations, supporting 5G applications in the industrial, education, and other sectors. According to the Ministry of Industry and Information Technology (MIIT), in the first quarter of 2022, China added a total of 48.1 million 5G users to reach 403 million. As per the ministry, the country had reached a 5G penetration of 24.3%. The growing penetration of 5G networks has emerged as a significant driver of the growth of IoT and other intelligent automation applications.
China is also the largest automotive market in the world, which is another important driver for market growth in the region. China ranks first among countries with the largest production of passenger cars. According to the China Association of Automobile Manufacturers (CAAM), in 2021, around 21.41 million passenger cars and 4.67 million commercial vehicles will be produced in China. The EV adoption in the region is also growing, contributing to the market’s growth. As per CAAM, in 2021, around 2.9 million battery electric vehicles will be sold in China, an increase of 162% compared to 2020.
Competitive Landscape
The Global NOR Flash Memory market is moderately fragmented. The Market is dominated by major vendors, such as Infineon, Micron Technology, GigaDeviceSemiconductor (Beijing) Inc., and Winbond ElctronicsCorporation. The market is moderately fragmented. As the entry barriers in the market are high, the entry of new players is difficult. The existing vendors in the market are investing heavily in the R&D of new and innovative products.
March 2022 – Winbond Electronics launched the W25Q64NE, a 1.2V SpiFlash NOR flash IC in a 64 Mb density. The new NOR flash memory would offer its customers a large code storage capacity and active mode power savings per the latest requirements of mobile devices and smart wearables.
March 2022 – CAES, a provider of mission-critical electronics for aerospace and defense, introduced a line of RadHard NOR Flash Memory devices that deliver the boot-memory densities required by microprocessors and FPGAs utilized in space applications. The new radiation-hardened (RadHard) devices feature high levels of space assurance needed for the longest, harshest space missions. They include the industry’s first 1 Gb monolithic NOR Flash Memory device enabling the storage of mission-critical boot images.
April 2022 – Microchip announced the release of SST26LF064RT, a 64-Mbit serial quad I/O NOR flash memory device for harsh aerospace and defense systems. The commercial off-the-shelf (COTS) memory technology device has a high radiation tolerance and is capable of operating in 50 kilorad (krad) Total Ionizing Dose (TID). The space-qualified second SuperFlash device from Microchip has been mainly developed to reduce development time, cost, and risk in the systems.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06325616/?utm_source=GNW
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The Creditflux awards are the only credit fund and CLO industry awards solely determined by data and metrics, showcasing the market’s best performers.
LONDON, May 16, 2024 /PRNewswire/ — Creditflux, a Debtwire service and part of ION Analytics, held its 16th annual CLO Manager Awards in London on 15 May 2024. The global collateralized loan obligation (CLO) community gathered at London’s Landmark Hotel to recognize the best-performing CLOs, CLO managers, and CLO funds in the USD 1.32tn* global CLO market.
This year, a record 80 CLO managers and 32 CLO fund managers submitted performance data for the awards. The list of finalists was announced in April and the category winners were announced live during the Creditflux Manager Awards Dinner, attended by 320 guests.
The awards ceremony followed a full-day Creditflux-hosted CLO Symposium that connected CLO investors with the most important arrangers, managers, and advisors in global structured finance, helping the former to deploy capital and achieve investment goals. The CLO Symposium also provided an outlook on the major trends in the US and European CLO markets, covering current topics in primary and secondary opportunities.
“Despite a backdrop of market volatility and macro-economic challenges, 2023 was another strong year for the CLO market,” said Tom Davidson, Managing Editor of Creditflux. “We are delighted to celebrate the best performers in the industry, presenting awards to the 16 managers who triumphed this year.”
More details on the methodology for the awards can be found here. The winners are:
Category
Winner
CLO/Fund
Managers
Creditflux global manager of the year
GoldenTree Asset Management
Best US CLO manager
Generate Advisors
Best European CLO manager
Voya Alternative Asset Management
Best US boutique CLO manager
Sycamore Tree
Best European boutique CLO manager
Acer Tree Investment Management
Best MM CLO manager
Antares Capital
Funds
Best private closed-end CLO fund
Napier Park Global Capital
Napier Park ELM I
Best public closed-end CLO fund
Eagle Point Income Management
Eagle Point Income Company (EIC)
Best CLO fund ($150m)
Crystal Fund
BK Opportunities Fund V
CLOs
Best US CLO
Elmwood Asset Management
Elmwood CLO V
Best European CLO
Invesco
Invesco Euro CLO IV
Best redeemed US CLO
CSAM
Madison Park Funding XLI
Best new middle market CLO
Cerberus Business Finance
Cerberus Loan Funding XL
Best middle market CLO
Golub Capital
Golub Capital Partners CLO 47 (M)
Best new US CLO
MJX Asset Management
Venture 47 CLO
Best new European CLO
Blackstone Credit
Glenbrook Park CLO
*
Global CLO principal liabilities (debt + equity) as of 31 March 2024 according to Creditflux data
About Creditflux
Creditflux, by Debtwire is the leading source for CLO and credit trading news, data, and analysis globally. Established in 2001, its team of journalists and analysts in New York and London produces daily content online and a monthly print magazine that is the publication of choice for many market professionals, including investors, dealers, brokers, analysts, and service providers. Creditflux is an ION Analytics service.
About ION Analytics
ION Analytics delivers personalized, targeted data, market intelligence, and software to banks, investors, and corporates, helping clients find opportunities and drive better decisions in markets ranging from equities and fixed income to infrastructure and private equity. For more information, visit https://ionanalytics.com
About ION
ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/
All product and company names herein may be trademarks of their registered owners.
View original content:https://www.prnewswire.co.uk/news-releases/creditflux-announces-2024-clo-manager-awards-winners-302146755.html
Artificial Intelligence
New Clarivate Report Reveals that the U.S., Germany and Mainland China have the most Non-Practicing Entity Litigation
Infringement declined globally from 2012 to 2019
LONDON, May 16, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, today released the 2024 Non-Practicing Entity Global Litigation (NPE) Report to analyze NPE enforcement activities and their patent validity challenges across the globe. The report revealed that the United States, Germany and Mainland China are the three countries and regions with the most infringement cases filed by NPEs.
For this report, NPE is defined as an independent legal organization which owns or benefits from patent rights but does not sell or manufacture goods or provide goods-related services. Using the Clarivate Darts-ipTM database of patent case law, this report showed that among the countries and regions where most of infringement cases are filed by NPEs between 2018-2023, the U.S. accounts for 97.2% of the total, while Germany and Mainland China count for 1.8% and 0.4% respectively. However, the growth momentum differs in the top three countries when comparing 2012-2017 to 2018-2023. There was a 43% decrease in the number of U.S. NPE infringement cases, while the number in Mainland China increased 600% and Germany saw a strong decline starting in 2018.
This report showed that during 2012-2017, there was an undeniable trend of increasing patent validity challenges overall and of patent validity challenges filed against NPEs worldwide. While overall patent validity challenges slightly increased during 2018-2023, the number of patent validity challenges filed against NPEs worldwide slightly decreased.
Francois Neuville, Senior Vice President, Brand IP, Clarivate, said, “NPEs should now be considered as part of the patent ecosystem. These entities seek out courts where they can further monetize the value of their IP assets, using litigation as both leverage and means. As NPE litigation continues to evolve worldwide, analyzing trends using enriched data and insights can help support informed decisions for the future.”
Other key findings in the report include:
Overall, infringement action filed by NPEs declined globally from 2012 to 2019. Starting in 2020, NPE infringement cases began to stabilize at around 2,000 per year.NPEs are well known for being active in Information and Communication Technologies (i.e. digital communication, telecommunications, computer technology and audio-visual technology). These technologies account for 64% of the patents asserted by NPEs in the U.S. and for 74% of the patents asserted by NPEs in EU.Patents belonging to NPEs are being invalidated at greater frequency than non-NPEs. This may indicate that the NPEs are facing patent quality challenges.Learn more about NPE litigation worldwide trends here.
MethodologyFor this report, we consider NPEs to be independent organizations (legal entities) which own or benefit from patent rights but do not sell or manufacture goods or services associated with them (i.e., non-operating companies) and which have an active (offensive) assertion or litigation role as plaintiffs towards the enforcement of their patent rights. Read our full methodology here.
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media contactJack WanExternal Communications [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/new-clarivate-report-reveals-that-the-us-germany-and-mainland-china-have-the-most-non-practicing-entity-litigation-302146460.html
HANGZHOU, China, May 16, 2024 /PRNewswire/ — On May 13, Unitree Robotics introduced its latest masterpiece — Unitree G1 Humanoid agent, AI avatar! It immediately caused a sensation in the global AI and robotics fields.
The robot is about 127 centimeters tall and weighs about 35 kilograms. It has flexibility beyond ordinary people and unlocks unlimited movement potential. The walking speed of G1 is about 2m/s. It has a large joint movement space, with 23-43 joints, and the maximum joint torque can reach 120N.m. It can perform high-load dynamic movements, such as dynamic stand-up, seat folding, dance stick, etc. At the same time, G1 is based on deep reinforcement learning and simulation training, and uses the accelerated development of AI to continuously upgrade and evolve.
G1 can be equipped with the optional Dex3-1 force-controlled dexterous hand. Through force-position hybrid control, G1 can simulate the precise operation ability of the human hand and accurately control various objects. Whether it is smashing walnuts, carrying heavy objects, or picking up fragile objects such as eggs, the G1 can demonstrate extremely high accuracy and stability. What’s more worth mentioning is that the G1 robot can also easily handle delicate operations such as opening soda bottles and welding. These tasks that were considered difficult for machines in the past have now become a piece of cake under the dexterous control of the G1.
The G1 is equipped with Intel RealSense D435 and LIVOX-MID360 3D lidar, which can achieve 360° detection and perception. These sensors provide a powerful perception hardware foundation, allowing G1 to better understand the surrounding environment. In addition, the G1 power supply module supports two hours of battery life and quick disassembly.
There are two versions of the G1 humanoid robot released this time, namely G1 and G1 EDU. The price of G1 is $16k. As an advanced version, G1 EDU provides a combination of different module solutions, and the price is customized according to different customer needs. Compared with G1, G1 EDU supports Dex3-1 force-controlled dexterous hand installation, optional tactile sensor arrays, greater knee joint torque and arm load, and optional NVIDIA Jetson Orin high computing power module to support secondary development.
Unitree also released the robot world model, providing a co-creation platform: UnifoLM (Unitree Robot Unified Large Model), allowing everyone to jointly create a new era of intelligent agents and explore unlimited innovation possibilities.
Introduction: https://www.unitree.com/g1
Website: www.unitree.com
Contact: [email protected]
Photo – https://mma.prnewswire.com/media/2413301/Unitree_G1.jpg
View original content:https://www.prnewswire.co.uk/news-releases/unitree-robotics-issues-g1-humanoid-agent-ai-avatar-302146425.html
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