Technology

EQ GLOBAL CEO Stanley Choi: “Strengthening Core Management to Emerge as a Global Semiconductor Repair Company”

Published

1 year ago

March 14, 2025

SEOUL, South Korea, March 14, 2025 /PRNewswire/ — “This year, we are committed to strengthening our core management and expanding our business scale to establish a foundation for EQ GLOBAL’s growth as a leading global semiconductor equipment repair company.”

Stanley Choi, who took the helm of EQ GLOBAL, a subsidiary of SurplusGLOBAL, in January, is a veteran in the semiconductor industry with nearly 30 years of experience. Having started his career at LG Semiconductor, he has worked at Dongbu Anam Semiconductor, SMIC, and SK keyfoundry, accumulating expertise in engineering and technology marketing. In an exclusive interview, Stanley shares his business vision and management strategies for EQ GLOBAL.

– What changes have you implemented in the corporate culture since taking office?

“Although I have been in office for only two months, I have not made structural changes yet. However, I am actively promoting three key cultural principles based on my experience. First, ensuring transparency in work processes; second, fostering a culture of open discussions and autonomous decision-making; and third, enhancing collaboration among employees. I have emphasized these principles to our team, and the response has been positive, with employees finding the approach refreshing.”

– What are your business goals for this year?

“Last year, our revenue reached approximately KRW 23 billion. This year, we aim for a 15-20% increase, with an expected operating profit margin of around 10%. Although EQ GLOBAL has been in business for 25 years, it has not seen significant growth. While our recent revenue has improved, we are implementing various strategies to enhance overall profitability. In the short term, we plan to improve operational efficiency to secure better profitability.”

– What are your key management objectives for this year?

“We have three main objectives. First, strengthening our custom pipeline; second, enhancing our capacity for repairing used semiconductor equipment; and third, reducing Turnaround Time (TAT) for repairs. By shortening repair durations from one week to three or four days, we can significantly improve revenue. Our immediate focus is on solidifying our market dominance in our core business areas rather than pursuing new ventures. In the mid-term, we will prepare for new business expansions, including M&A, to scale the company. Our long-term goal is to achieve an IPO within the next five years.”

– What are your plans for overseas expansion?

“Currently, we operate repair centers in Wuxi, China, and Singapore, where we have four stationed employees. We are in discussions to enter the U.S. market and are developing new clients in Chinese Taipei, with a potential office establishment depending on successful product validation by the end of this year. Additionally, SurplusGLOBAL recently launched a German branch, headed by an expert in the back-end semiconductor sector, through whom we plan to target the European market.”

– What are the biggest challenges in global expansion?

“The U.S. semiconductor policies under the Trump administration present a challenge. Our primary clients in Korea are Samsung Electronics and SK Hynix, and any impact on them will inevitably affect EQ GLOBAL. While the direct impact may not be significant, our long-term growth depends on the success of these major players. The ongoing U.S.-China trade tensions remain a critical risk factor, as U.S. sanctions on China could hinder business opportunities, making it challenging to navigate the market.”

– What is your strategy for expanding the SemiMarket parts mall service, set to launch in June?

“We are aligning our preparations with SurplusGLOBAL’s schedule. Initially, we will focus on selling existing semiconductor equipment and parts, with a full-scale online rollout by December. This platform will evolve into a global marketplace connecting buyers and sellers. Given EQ GLOBAL’s repair capabilities, we plan to offer repair services for products listed on SemiMarket, elevating the service into a premium offering—an industry first. The online sale of used semiconductor equipment and parts remains an untapped market. Traditionally, semiconductor component transactions require on-site inspections and engineering dispatches for repairs. Locating necessary parts is a time-consuming process. However, with the SemiMarket parts mall, buyers and sellers can interact directly, enabling faster information exchange and procurement. Increased transparency in product information and pricing will also enhance market integrity.”

– Any final thoughts?

“When I first entered the industry, the semiconductor market was experiencing a DRAM boom—producing memory chips alone was highly profitable. However, with economic downturns, including the financial crisis, the semiconductor sector has become highly volatile. While South Korea is recognized as a semiconductor powerhouse, its presence in the non-memory segment remains weak, with inadequate foundry infrastructure and limited government support. While Samsung and SK hynix have solid footing in the memory sector, the foundry and non-memory industries require substantial government backing to stay competitive. In the past, Korea had companies similar to TSMC, but most have disappeared. Taiwan’s rise as a non-memory semiconductor giant was driven by strong government support, social consensus, and robust infrastructure. Unlike memory chips, foundry manufacturing is significantly more complex and diverse. Without an in-depth understanding of this diversity, progress in the non-memory sector is unlikely. Although Korea is late in the game, I hope the country takes lessons from Taiwan to foster its foundry industry.”

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SOURCE SurplusGLOBAL, Inc.

Technology

Ceva, Inc. Announces First Quarter 2026 Financial Results

Published

3 hours ago

May 11, 2026

Highlights strong licensing growth driven by integrated solutions and accelerating edge AI adoption

ROCKVILLE, Md., May 11, 2026 /PRNewswire/ — Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP for the Smart Edge, today announced its financial results for the first quarter ended March 31, 2026.

First Quarter Highlights: *

Delivered total revenues of $27.0 million, up 11% year-over-yearLicensing and related revenues of $17.8 million, up 18% year-over-year and the highest in three yearsRoyalty revenues of $9.2 million, with smart edge royalties up 8% year-over-year, driven by record shipments in Wi-Fi, and strong contribution from cellular IoT, 5G infrastructure and automotive AISigned 14 IP licensing agreements, including several multi-technology engagements with existing customersSecured a major customer win for Bluetooth High Data Throughput (HDT) solution, including Ceva’s internally developed RF technology, demonstrating its system-level connectivity strategyExpanded customer engagements in 5G NTN and Ultra-Wideband, increasing value per designAI represented more than 20% of licensing and related revenues, with strong growth and key production milestones, including the Renesas R-Car V4H platform entering the 2026 Toyota RAV4, alongside a collaboration with NXP for its latest software-defined vehicle processors

*Unless otherwise stated, all comparisons are to first quarter 2025.

Amir Panush, Chief Executive Officer of Ceva, commented, “We delivered a strong start to 2026, highlighted by our highest licensing and related revenues in three years and continued momentum across our connectivity and AI portfolios. Importantly, this quarter reflects the successful execution of our strategy to expand beyond discrete IP into more integrated, system-level solutions. A major Bluetooth HDT licensing agreement, including RF, alongside our expansion in 5G NTN and Ultra-Wideband, demonstrates how we are increasing our value per design and deepening customer engagement. We also saw encouraging trends in royalties, with continued strength across our smart edge markets, partially offset by softness in smartphones.”

“In AI, our growth strategy and relentless focus on market-leading innovation are translating into production, with our technology integrated into leading automotive platforms and entering mass-volume production. With AI contributing over 20% of licensing and related revenues and a strong pipeline of engagements, we believe we are well positioned as the industry accelerates toward hybrid AI and the expansion of Physical AI at the edge.”

Business and Market Highlights
During the first quarter, Ceva signed 14 IP licensing agreements across connectivity, AI, and satellite communications, including several multi-technology engagements aligned with its strategy to deliver more integrated, system-level solutions.

The company secured a major full-stack Bluetooth HDT solution license, marking a key milestone in expanding value per design and increasing royalty contribution, while helping customers reduce integration complexity and accelerate time-to-market. Additional wins included a Wi-Fi 7 design targeting consumer IoT, a Wi-Fi 6 / Bluetooth combo engagement with a leading edge-AI SoC platform provider, and multiple Bluetooth and Wi-Fi agreements.

Ceva also expanded into new connectivity domains, introducing its PentaG-NTN platform and progressing a satellite customer engagement to a more integrated baseband solution. In Ultra-Wideband, the company launched its next-generation platform and secured a new customer as adoption accelerates across industrial and automotive applications.

In AI, Ceva continued to expand its footprint with multiple licensing agreements and achieved a key production milestone, with its AI DSP and accelerator deployed in the Renesas R-Car V4H platform, now entering production in the 2026 Toyota RAV4. The company also announced a collaboration with NXP for its latest software-defined vehicle processors. AI represented more than 20% of licensing and related revenues in the quarter, reflecting strong growth and increasing contribution.

Across its markets, Ceva continues to see strong demand in IoT and AI-driven applications, with record Wi-Fi shipments and significant growth in cellular IoT. These trends, together with the shift toward more integrated, system-level solutions and increasing adoption of Bluetooth and Wi-Fi combo chips, are driving higher value per device and reinforcing the company’s long-term royalty growth model.

Other first quarter financial data: *

GAAP gross margin was 86%, in line with last yearGAAP operating loss was $5.1 million, as compared to a GAAP operating loss of $4.4 millionGAAP net loss was $4.5 million, as compared to a GAAP net loss of $3.3 millionGAAP diluted loss per share was $0.16, as compared to GAAP diluted loss per share of $0.14Non-GAAP gross margin was 87%, in line with last yearNon-GAAP operating income was $0.5 million, as compared to non-GAAP operating income of $0.3 millionNon-GAAP net income and non-GAAP diluted earnings per share were $1.1 million and $0.04, respectively, compared with non-GAAP net income and non-GAAP diluted earnings per share of $1.4 million and $0.06, respectively

*Unless otherwise stated, all comparisons are to first quarter 2025.

Yaniv Arieli, Chief Financial Officer of Ceva, added, “Our first quarter results reflect strong licensing execution and the continued progression toward higher-value, multi-technology engagements. This shift is driving improved economics per deal and strengthening the long-term royalty potential of our business. We also continue to see encouraging trends across our diversified end markets, particularly in IoT and AI-driven applications. We continue to manage the impact of a weaker U.S. dollar and are implementing measures to partially offset the resulting expenses.”

Ceva Conference Call
On May 11, 2026, Ceva management will conduct a conference call at 8:30 a.m. Eastern Time to discuss the operating performance for the quarter.

The conference call will be available via the following dial in numbers:

U.S. Participants: Dial 1-844-435-0316 (Access Code: Ceva)International Participants: Dial +1-412-317-6365 (Access Code: Ceva)

The conference call will also be available live via webcast at the following link: https://app.webinar.net/N8PRLk4oljM. https://app.webinar.net/ePpLk12BRaD https://app.webinar.net/GvAklQElMmjPlease go to the web site at least fifteen minutes prior to the call to register.

For those who cannot access the live broadcast, a replay will be available by dialing +1 855-669-9658 or +1 412-317-0088 (access code: 4033535) from one hour after the end of the call until 9:00 a.m. (Eastern Time) on May 18, 2026. The replay will also be available at Ceva’s web site at www.ceva-ip.com.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that if they materialize or prove incorrect, could cause the results of Ceva to differ materially from those expressed or implied by such forward-looking statements and assumptions. Forward-looking statements include statements about Ceva’s positioning for future growth and to serve as a foundational technology provider for intelligent, connected devices, licensing agreement wins, future industry demand, our market position for the future and future growth in the demand of our products, our forecast of financial measures for the following quarter and 2026, our long term targets and underlying assumptions, our future investments, expectations about future market, the success of our strategies and agreements, visibility into future revenue streams, and Ceva’s focus on expense management and profitability improvement. The risks, uncertainties and assumptions that could cause differing Ceva results include: the effect of intense industry competition; the ability of Ceva’s technologies and products incorporating Ceva’s technologies to achieve market acceptance; Ceva’s ability to meet changing needs of end-users and evolving market demands; the lengthy sales cycle for IP and related solutions; Ceva’s ability to diversify royalty streams and license revenues; geopolitical risks and instability, including the impact of tariffs and other trade measures and potential disruptions related to ongoing conflicts in the Middle East; and general market conditions and other risks relating to Ceva’s business and industry, including, but not limited to, those that are described from time to time in our SEC filings. Ceva assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

About Ceva, Inc.
Ceva powers the Smart Edge, bridging the digital and physical worlds to bring AI-driven products to life. Our Ceva AI fabric portfolio of silicon and software IP enables devices to Connect, Sense, and Infer – the essential capabilities for the intelligent edge. From 5G, cellular IoT, Bluetooth, Wi-Fi, and UWB connectivity to scalable Edge AI NPUs, AI DSPs, sensor fusion processors and embedded software, Ceva provides the foundational IP for devices that connect, understand their environment, and act in real time.

With more than 21 billion devices shipped and trusted by 400+ customers worldwide, Ceva is the backbone of today’s most advanced smart edge products – from AI-infused wearables and IoT devices to autonomous vehicles and 5G infrastructure. Our differentiated solutions deliver seamless integration into existing design flows, total flexibility to combine solutions based on design needs and ultra–low–power performance in minimal silicon footprint, helping customers accelerate development, reduce risk, and bring innovative products to market faster. As technology evolves toward Physical AI, Ceva’s IP portfolio lays the foundation for systems that are always connected, contextually aware, and capable of intelligent, real-time decision-making.

Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.

CEVA, INC. AND ITS SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF LOSS – U.S. GAAP

U.S. dollars in thousands, except per share data

Three months ended

March 31,

2026

2025

Unaudited

Revenues:

Licensing and related revenues

$ 17,820

$ 15,042

Royalties

9,204

9,203

Total revenues

27,024

24,245

Cost of revenues

3,729

3,487

Gross profit

23,295

20,758

Operating expenses:

Research and development, net

19,837

17,609

Sales and marketing

3,766

3,449

General and administrative

4,660

3,933

Amortization of intangible assets

117

149

Total operating expenses

28,380

25,140

Operating loss

(5,085)

(4,382)

Financial income, net

1,877

2,100

Remeasurement of marketable equity securities

(54)

Loss before taxes on income

(3,144)

(2,336)

Income tax expense

1,315

991

Net loss

$ (4,459)

$ (3,327)

Basic and diluted net loss per share

$ (0.16)

$ (0.14)

Weighted-average shares used to compute net loss

per share (in thousands):

Basic and diluted

27,678

23,764

Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures

U.S. dollars in thousands, except per share data

Three months ended

March 31,

2026

2025

Unaudited

GAAP net loss

$ (4,459)

$ (3,327)

Equity-based compensation expense included in cost of

revenues

182

159

Equity-based compensation expense included in research

and development expenses

2,863

2,466

Equity-based compensation expense included in sales

and marketing expenses

717

566

Equity-based compensation expense included in general

and administrative expenses

1,610

1,132

Amortization of intangible assets related to acquisition of

businesses

176

208

Costs associated with asset acquisition

144

Loss (income) associated with the remeasurement of

marketable equity securities

(64)

Non-GAAP net income

$ 1,086

$ 1,402

GAAP weighted-average number of Common Stock

used in computation of diluted net loss per share (in

thousands)

27,678

23,764

Weighted-average number of shares related to

outstanding stock-based awards (in thousands)

1,810

1,618

Weighted-average number of Common Stock used

in computation of diluted earnings per share, excluding the

above (in thousands)

29,488

25,382

GAAP diluted loss per share

$ (0.16)

$ (0.14)

Equity-based compensation expense

$ 0.19

$ 0.18

Amortization of intangible assets related to acquisition

of businesses

$ 0.01

Costs associated with asset acquisition

$ 0.00

$ 0.01

Non-GAAP diluted earnings per share

$ 0.04

$ 0.06

Three months ended

March 31,

2026

2025

Unaudited

GAAP operating loss

$ (5,085)

$ (4,382)

Equity-based compensation expense included in

cost of revenues

182

159

Equity-based compensation expense included in

research and development expenses

2,863

2,466

Equity-based compensation expense included in

sales and marketing expenses

717

566

Equity-based compensation expense included in

general and administrative expenses

1,610

1,132

Amortization of intangible assets related to acquisition

of businesses

176

208

Costs associated with asset acquisition

144

Total non-GAAP operating income

$ 524

$ 293

Three months ended

March 31,

2026

2025

Unaudited

GAAP gross profit

$ 23,295

$ 20,758

GAAP gross margin

86 %

Equity-based compensation expense included in

cost of revenues

182

159

Amortization of intangible assets related to acquisition

of businesses

Total non-GAAP gross profit

23,536

20,976

Non-GAAP gross margin

87 %

Three months ended

March 31,

2026

2025

Unaudited

GAAP operating expenses

28,380

25,140

Equity-based compensation expense included in

research and development expenses

(2,863)

(2,466)

Equity-based compensation expense included in

sales and marketing expenses

(717)

(566)

Equity-based compensation expense included in

general and administrative expenses

(1,610)

(1,132)

Amortization of intangible assets related to acquisition

of businesses

(117)

(149)

Costs associated with asset acquisition

(61)

(144)

Total non-GAAP operating expenses

$ 23,012

$ 20,683

CEVA, INC. AND ITS SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. dollars in thousands)

March 31,

December 31,

2026

2025 (*)

Unaudited

ASSETS

Current assets:

Cash and cash equivalents

$ 21,367

$ 40,586

Marketable securities and short-term bank deposits

194,326

181,397

Trade receivables, net

17,737

19,495

Unbilled receivables

31,135

29,860

Prepaid expenses and other current assets

16,297

13,498

Total current assets

280,862

284,836

Long-term assets:

Severance pay fund

7,225

7,530

Deferred tax assets, net

274

257

Property and equipment, net

9,010

7,054

Operating lease right-of-use assets

17,190

17,486

Investment in marketable equity securities

119

Goodwill

58,308

Intangible assets, net

868

1,044

Other long-term assets

14,370

11,686

Total assets

$ 388,226

$ 388,256

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Trade payables

$ 2,388

$ 2,418

Deferred revenues

2,968

3,496

Accrued expenses and other payables

19,224

21,026

Operating lease liabilities

2,794

1,743

Total current liabilities

27,374

28,683

Long-term liabilities:

Accrued severance pay

7,428

7,690

Operating lease liabilities

14,083

14,388

Other accrued liabilities

1,158

1,037

Total liabilities

50,043

51,798

Stockholders’ equity:

Common stock

Additional paid in-capital

343,298

337,966

Treasury stock

(1,591)

Accumulated other comprehensive income (loss)

(660)

Accumulated deficit

(4,483)

(24)

Total stockholders’ equity

338,183

336,458

Total liabilities and stockholders’ equity

$ 388,226

$ 388,256

(*) Derived from audited financial statements.

The Company believes that the presentation of non-GAAP measures in the press release is useful to investors in analyzing the results for the quarters ended March 31, 2026, and 2025 because the exclusion of the applicable expenses may provide a meaningful analysis of the Company’s core operating results and comparison of quarterly results. Further, the Company believes it is useful for investors to understand how the expenses associated with the application of FASB ASC No. 718 are reflected in its statements of income. The reconciliation of financial measures should be reviewed in addition to and in conjunction with results presented in accordance with GAAP and are intended to provide additional insight into the Company’s operations that, when viewed with its GAAP results and the accompanying reconciliation, offer a more complete understanding of factors and trends affecting the Company’s business. The reconciliation of financial measures should not be viewed as a substitute for the Company’s reported GAAP results.

A reconciliation of non-GAAP guidance to the corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to the Company’s results computed in accordance with GAAP.

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SOURCE Ceva, Inc.

Technology

Screendragon Launches AI Hub, Enabling Marketing Teams and Agencies to Build and Run AI Agents Inside Real Workflows

Published

3 hours ago

May 11, 2026

CORK, Ireland, May 11, 2026 /PRNewswire/ — Screendragon today announced the launch of AI Hub, a new capability within its Agentic Marketing Orchestration platform that enables enterprise marketing teams and agencies to build, deploy and govern their own AI agents directly inside live workflows.

As AI adoption accelerates, teams are struggling to use it properly. AI Hub addresses this by enabling organisations to build their own AI agents and run them inside the workflows that already power their business, so they can harness AI at scale without losing control.

“The market is shifting from selling AI access to controlling AI execution,” said John Briggs, CEO of Screendragon. “Teams have access to AI, but no control over how it runs across the business. AI Hub changes that. It puts AI inside workflows, with the guardrails needed to scale it properly.”

Put AI Where the Work Is

AI Hub is designed to move teams beyond experimentation and into real execution.

Teams can solve their specific problems by building AI agents that:

Plug directly into live workflows Automate real marketing and creative work Keep outputs consistent, compliant and on-brand Control which models are used, and when

From briefing and content creation to approvals and compliance checks, AI becomes part of the process. Not another tab open on someone’s laptop.

Part of a Broader AI System

AI Hub is part of a wider AI offering that runs across the Screendragon platform.

Screendragon brings workflows, people, data and AI into one system, so work runs properly. AI Hub builds on that, giving teams the ability to design and run their own AI agents inside those workflows.

The wider AI offering includes:

Embedded AI Agents – Pre-built agents that automate common tasks inside workflows AI Hub – A flexible environment to build and manage your own agents AI Studio – Advanced tools for designing and optimising AI agents AI Foundry – Expert support to build and scale bespoke AI-driven workflows

Together, this gives teams a clear path. Start with what works out of the box. Then evolve towards fully customised, enterprise-grade AI execution.

Scale AI Without Losing Control of Cost

AI usage grows fast. Costs can grow faster.

AI Hub gives teams control over both:

Route work across AI models based on cost, speed and performance Use open-source models where it makes sense Avoid getting locked into one AI model

So teams can scale AI with confidence, not surprises.

From Experimentation to Execution

Most teams are still experimenting with AI. A few are starting to rely on it.

Very few are running it properly across workflows. That is the gap AI Hub is built to close.

“We were using AI in pockets, but it wasn’t scalable,” said Anne Cogan, CMO, Screendragon. “Now it is built into how we work, improving speed while maintaining full control and compliance.”

Availability

AI Hub is available immediately to all Screendragon customers, enabling them to build and deploy custom AI agents tailored to their workflows and use cases.

Find out more here

About Screendragon

Most marketing and agency teams do not struggle because of bad ideas. They struggle because the system around the work is broken.

Screendragon fixes that.

Screendragon is an Agentic Marketing Orchestration platform that enables enterprise teams and agencies to plan, resource and deliver marketing work with full visibility and control.

It connects workflows, people, data and AI into a single governed system so work runs properly, and AI actually helps instead of getting in the way.

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Logo – https://mma.prnewswire.com/media/2792757/5960921/Screendragon_Logo.jpg

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Technology

BCE to participate in the TD Cowen 28th Annual Telecom & Media Conference

Published

3 hours ago

May 11, 2026

MONTRÉAL, May 11, 2026 /CNW/ – Curtis Millen, Executive Vice President and Chief Financial Officer of BCE Inc. (TSX: BCE) (NYSE: BCE) will participate in a fireside chat at the TD Cowen 28th Annual Telecom & Media Conference in Toronto on Thursday, May 14th, 2026, at 10:30 am eastern.

A live webcast will be available on BCE’s website.

About BCE

BCE is Canada’s largest communications company1, leading the way in advanced fibre and wireless networks, enterprise services and digital media. By delivering next-generation technology that leverages cloud-based and AI-driven solutions, we’re keeping customers connected, informed and entertained while enabling businesses to compete on the world stage. To learn more, please visit Bell.ca or BCE.ca.

____________________________

1 Based on total revenue and total combined customer connections.

Media inquiries:
Ellen Murphy
media@bell.ca

Investor inquiries:
Krishna Somers
krishna.somers@bell.ca

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SOURCE BCE Inc.