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The Double Digit Growth of the EDA (Electronic Design Automation) Market and How Magic2 Plans to Revolutionize the Process
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - July 31, 2023) - Investorideas...
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[{"type":"text","content":"The Double Digit Growth of the EDA (Electronic Design Automation) Market and How Magic2 Plans to Revolutionize the ProcessVancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - July 31, 2023) - Investorideas.com (www.investorideas.com), a global investor news source covering tech stocks releases a special news report on the EDA market, featuring a tech innovator building an growing IP portfolio in the sector, GBT Technologies Inc. (OTC Pink: GTCH).According to a recent article in Semiengineering.com, \"EDA tools and IP continued their double-digit growth trajectory this year, despite a downturn in consumer electronics and a continued shortage of key components that took a large bite out of the semiconductor market as a whole.\"\"A just-released report from the ESD Alliance showed a 12% increase in revenue for Q1, increasing to $3.95 billion compared with $3.53 billion in the same period in 2022. The four-quarter moving average also showed 12.7% growth.\"GBT Technologies Inc. (OTC Pink: GTCH) recently provide an update covering its EDA segment intellectual properties (\"IP\") portfolio.From the News: Magic2, is an AI driven electronic design automation (EDA) software Suite helping engineers to speed up time consuming task work during the integrated circuits (IC) design phase. This week GBT received patent approval for its Epsilon tool which means that four out of the eight tools received patent approval. Magic2 consists of eight integrated software applications that each cover specific component processes of the IC design cycle. The tools complement each other and will help drastically reduce the development costs and speed up the IC design development cycle.\"It sounds technical because it is, but simply spoken, Magic2 is a Suite of individual EDA tools which we believe can potentially save 1000's and 1000's hours of engineering time, speeding up the microchip design process and at the same time building better, faster, greener, cheaper, and more reliable microchips. Epsilon has been a double milestone for GBT Technologies Inc. as we already developed a limited working software version V1.0 which has performed in an operational setting and started the whole Magic2 concept. With all the positive industry feedback, GBT will continue to focus on expanding the family of its various EDA patents and concentrating on strate...