Austin-based Capital Asset Exchange and Trading (CAE) recently launched a new semiconductor production equipment and commodities service.
Officials of CAE, a software and data-driven physical commodity trader for semiconductor capital equipment and commodities, said in a release that its Global Inspection Services (GIS) initiative, an in-house research, inspection and due diligence team, would streamline the selling process for suppliers and reduce buyer risk.
"We are in the midst of a global semiconductor shortage," CAE VP of Operations Austin Gill said in the release. "CAE is addressing the semiconductor shortage by uncovering the assets that are bridging the gap between supply and demand, reducing lead times and removing transactional risk. CAE has invested heavily into technology designed to support GIS. We have the largest on-the-ground presence in the world, with 25 people supporting our in-house inspection services."
CAE's inspectors are based within a same-day trip to nearly all active fabrication facilities worldwide, the company said in the release. This enables CAE to collect proprietary data in a timely fashion to provide its clients with quick access to inventory.
The GIS team also provides due diligence to make sure the information is accurate, the company said.
"CAE stands by the accuracy of the information it collects," CAE CEO Ryan Jacob said in the release. "The equipment or materials photographed, shown in a video, or demonstrated will arrive with everything in the pictures, video or demonstration. We stand behind it and it is guaranteed."
Semiconductor chips are usually comprised of silicon and can be found in thousands of products such as computers, smartphones, appliances, gaming hardware and medical equipment, according to Investopedia.com. The worldwide shortage of semiconductors has been blamed on shut-downs caused by the COVID-19 pandemic and, at the same time, a rapid expansion in the numbers of advanced autos and other "smart" products requiring such materials.
CAE tracks over 555,000 assets inside fabrication facilities, warehouses, refurbishment companies and research centers worldwide – many on an exclusive basis, the company said in its release. More information about CAE can be accessed at the company’s website.