AUSTIN, Texas, March 15, 2021 /PRNewswire/ -- CAE, the industry's first moving physical commodity trader for semiconductor capital equipment, announces record growth amid a global pandemic. In 2020, CAE recorded a 42% growth year and increased global footprint by headcount and offices, totaling over 200 employees in ten countries. CAE's proprietary platform enables manufacturers to rapidly source and procure production-critical equipment and materials in real-time from the world's largest group of suppliers.
Headquartered in Austin, Texas, CAE began developing a transactional data set in 1980. CAE's vast history provides the company with a relevant view into buyer demand, seller assets and installed base. CAE's internally developed, proprietary technology creates a transactionally validated solution for end-to-end sourcing, due diligence, purchasing and logistics management for the semiconductor market. CAE's platform organizes buyer and seller inputs into a single algorithmic matching system that monitors prices, market events, supply, demand and asset quality to create a safe and transparent market for its clients. CAE tracks over 535,000 assets inside fabrication facilities, warehouses, refurbishment companies and research centers worldwide – many on an exclusive basis. Simultaneously, CAE works with clients on over 250,000 active inquiries, the most extensive collection of supply and demand in the world.
CAE's efficiency has allowed thousands of clients to increase production and enable suppliers to effectively sell excess assets and inventory. In 2020, CAE transitioned to remote work due to COVID-19 and recorded 53% year-over-year growth in the first quarter. CAE grew 54% year-over-year in the second quarter and continued to expand through the third quarter with 30% year-over-year growth. CAE closed the year with 60% year-over-year growth in the fourth quarter.
"Semiconductors are the foundational technology of the modern era," said Ryan Jacob, chief executive officer for CAE. "Globally, we are experiencing a heightened demand from public and private sector participants. Unprecedented investments are creating a super cycle for semiconductor commodities. Today's current events, such as the stimulus backdrop, immediate transition to work-from-home, migration to 5G infrastructure globally, and recovery of industrial and consumer markets, has created a unique demand. CAE is focused on our client's needs and success. We continue to provide a clear and comprehensive view into the market, thorough due diligence processes and the largest global support team to ensure each transaction is completed safely and rapidly. CAE has over 400,000 client interactions per month which provide assets on our platform with greater visibility and allows us to listen, learn and improve to properly serve the global semiconductor community."
In 2020, CAE continued to expand its global footprint to provide on-the-ground support with 24-hour coverage and dedicated points-of-contact across the world. CAE opened new locations in Australia, Belarus, Hungary, China, India, Japan, Korea, Singapore and Taiwan. CAE's physical global footprint is fully integrated to provide clients with real-time updates from across the world, meanwhile creating a unique advantage for clients. CAE continues to rapidly scale its platform-reach, adding over 1,000 new assets and points-of-demand per day on average and driving new company and contact research globally.
About CAE
CAE is a global software and data driven physical commodity trader for semiconductor production equipment and commodities. Headquartered in Austin, Texas, CAE developed the market share leading, transaction validated technology that enables the end-to-end processing of semiconductor equipment and commodity purchases, sales, and shipments. To learn more, please visit caeonline.com.
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