Ford Foundation Appoints Fatima Goss Graves to Board of Trustees

Ford Foundation Appoints Fatima Goss Graves to Board of Trustees

NEW YORK, Oct. 19, 2026 /PRNewswire/ — Today, the Ford Foundation announced the election of Fatima Goss Graves to its board of trustees. Ms. Goss Graves is the president and chief executive officer of the National Women’s Law Center and president of the National Women’s Law Center Action Fund.

Ford Foundation Logo

“We are thrilled to welcome Fatima Goss Graves’s perspective and expertise to the Ford Foundation Board of Trustees,” said Ursula Burns, Chair of the Ford Foundation Board of Trustees. “Fatima’s track record speaks for itself, her strategic vision, fearless advocacy, and proven ability to drive meaningful organizational and systemic change make her an invaluable addition to our Board of Trustees.”

Ms. Goss Graves is a nationally recognized expert on gender justice, law, policy, and culture change. As an attorney, she has spent her career fighting to advance opportunities for women and girls, including income security and COVID relief, equal pay, health and reproductive rights, education access, workplace justice and ending sexual harassment and violence – with a focus on women and girls of color.

“Fatima Goss Graves possesses a sharp legal intellect, exceptional sector insight, and a steadfast dedication to justice,” said Heather Gerken, president of the Ford Foundation. “I could not be more excited to welcome her to the Board of Trustees. Across Fatima’s career, her strategic vision and formidable advocacy have broadened pathways for communities everywhere, particularly women and girls of color. Her presence and insights will be invaluable as we enter the next chapter of the Ford Foundation.”

“I am deeply honored to join the Board of Trustees and work alongside the Ford Foundation’s extraordinary leadership,” said Fatima Goss Graves. “I have dedicated my career to ensuring that all people can live with safety, dignity, and full agency over their lives and that women and their families have what they need to flourish. I am eager to bring that same commitment to Ford’s vital mission in the years ahead.”

Ms. Goss Graves has testified on complex policy matters at the state and federal levels of government in the United States and has been legal and social commentator on CBS, MSNBC, BBC, CNN, PBS, and NPR, and numerous outlets, including the New York Times, Wall Street Journal and the Washington Post.

In addition to the Ford Foundation, Ms. Goss Graves serves on a number of boards in advisory and governance capacities. Based in Washington D.C., she is a graduate of UCLA and Yale Law School.

Ford Foundation trustees are elected by the board and serve six-year terms. Trustees set broad policies relating to grantmaking, geographic focus, investments, governance, and professional standards, and they oversee independent audits. The foundation’s trustees come from around the world and have extensive experience in higher education, business and finance, technology, law, government, civil society, and the nonprofit sector.

About the Ford Foundation

The Ford Foundation is an independent organization working to address inequality and build a future grounded in justice. For 90 years, it has supported visionaries on the frontlines of social change worldwide, guided by its mission to strengthen democratic values, reduce poverty and injustice, promote international cooperation, and advance human achievement. Today, with an endowment of $18 billion, the foundation has headquarters in New York and 10 regional offices across Africa, Asia, Latin America, and the Middle East. Learn more at www.fordfoundation.org.

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Ford Foundation Appoints Fatima Goss Graves to Board of Trustees

SI Group Announces CEO Leadership Transition

Marcello Boldrini Named Chief Executive Officer; David Bradley Departs Following Successful Tenure

THE WOODLANDS, Texas, Oct. 19, 2026 /PRNewswire/ — SI Group, a leading global developer and manufacturer of performance additives, process solutions, and chemical intermediates, today announced the appointment of Marcello Boldrini as Chief Executive Officer, effective October 19, 2026. Boldrini succeeds David Bradley, who has served as President and Chief Executive Officer since 2019.

Marcello Boldrini

“We are pleased to welcome Marcello Boldrini as SI Group’s next CEO,” said Daryl Roberts, member of the SI Group Board of Directors. “Marcello brings significant experience in the global specialty chemicals industry and a strong track record of leading growth, transformation and operational improvement. His experience and perspective will serve SI Group well as we continue to strengthen our performance, serve our customers and execute our priorities.”

Marcello Boldrini brings more than three decades of leadership experience in the specialty chemicals and materials industry, with a career spanning Europe, Asia and the Americas. Most recently, he served as Chief Executive Officer and a Director of Kraton Corporation, a Houston-based global specialty chemicals company. During his tenure at Kraton, Boldrini led growth and transformation initiatives, including the creation of a Transformation Office that generated more than $100 million in annual EBITDA improvements. Earlier in his career, he held senior leadership positions at Houghton International, Momentive/Hexion and Ashland. 

Boldrini resides in the Houston area and will be based at SI Group’s headquarters in The Woodlands, Texas.

“I am honored to join SI Group as CEO and look forward to working with our employees, customers and partners,” said Marcello Boldrini. “My initial focus will be on listening and learning, spending time with our teams and customers, and collaborating with the leadership team to build on SI Group’s strengths and set clear priorities for the business. Safe and reliable operations, disciplined execution and delivering value for our customers will remain at the center of our work.”

SI Group’s leadership team will work closely with Boldrini to maintain a strong focus on safety, operational performance and customer commitments. Customers, suppliers and other business partners should continue to work through their existing SI Group contacts.

“On behalf of the Board, I want to thank David Bradley for his leadership and many contributions to SI Group,” said Shawn Abrams, member of SI Group’s Board of Directors. “David led SI Group through significant change and some of the most challenging conditions our industry has faced. During his tenure, the company successfully completed its 2025 recapitalization, strengthening SI Group’s financial position and providing greater flexibility for the future. We are grateful for David’s commitment to SI Group and its people, and we wish him continued success.”

Customers, suppliers and other business partners should continue to work through their existing SI Group contacts.

About SI Group

SI Group is a global leader in performance additives, process solutions, and chemical intermediates. SI Group’s chemistries are essential solutions that enhance the quality and performance of industrial and consumer goods in the plastics, rubber and adhesives, fuels, lubricants, coatings, and oilfield industries. Headquartered in The Woodlands, Texas, SI Group operates 18 manufacturing facilities across three continents and serves customers in more than 80 countries, supported by approximately 1,500 employees worldwide. Driven by a passion for safety, chemistry, sustainability, and delivering extraordinary results, SI Group innovates to create long-term value for a better future. Learn more at www.siigroup.com.

Media Contact:

Joseph Grande

ph: + 1.413.684.2463

joe@jgrandecommunications.com

SI Group Corporate Logo. (PRNewsFoto/SI Group, Inc.)

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SI Group Announces CEO Leadership Transition

Hantec Trader becomes RZR Funded as firm enters new phase of growth

Proprietary trading firm establishes standalone brand ahead of product and market expansion, with an expanded leadership team. No change to conditions for existing traders.

RZR Funded, the rebrand and next stage of Hantec Trader

EBENE, Mauritius, Oct. 19, 2026 /PRNewswire/ — The proprietary trading firm previously operating as Hantec Trader has today begun operating under the name RZR Funded, marking the start of a new phase of growth for the business.

The move to RZR Funded establishes a distinct identity for the proprietary trading business as it enters its next chapter, building on an established operating track record while creating greater scope for its future growth.

As part of this next phase, RZR Funded is expanding its leadership team, with additional senior appointments planned to support the company’s growth strategy. The existing management team will remain in place, led by Director Bashaar Gokal, providing continuity while bringing additional experience and resources into the business. The firm is also preparing to broaden its product range and available markets, with the first of several new launches due within weeks.

There is no change to the service existing traders receive. All in-progress challenges and funded accounts continue exactly as they were, with the same logins, balances and progress toward targets. Profit splits, drawdown limits, evaluation targets, trading conditions and payout schedules are unchanged. Traders will also gain access to new products, tools and features as they are introduced.

“This is the start of an exciting new chapter for the business,” said Bashaar Gokal, Director at RZR Funded. “We’ve built a strong track record and an experienced team, and RZR Funded gives us the platform to take the business to the next level. We have ambitious plans for where we want to go from here, and I’m looking forward to sharing more of those plans over the coming months.”

The firm will continue publishing its payout record, including amounts, dates and processing times, as it has done to date.

“Nothing changes for anyone trading with us today, and I want to be completely clear about that,” said Gokal. “Same conditions, same payout terms and the same team looking after you. RZR Funded represents where we want to take the business next, and traders should expect more from us over the coming years, not less.”

Further announcements covering RZR Funded’s expanded product range, leadership team and growth plans are expected shortly.

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Hantec Trader becomes RZR Funded as firm enters new phase of growth

BGA and UNDP Partner on Two-Year Initiative to Strengthen Digital Safety and Development

DUBAI, UAE, Oct. 19, 2026 /PRNewswire/ — Blockchain for Good Alliance (BGA),  the global non-profit initiative founded by Bybit, dedicated to leveraging blockchain for societal impact, and the United Nations Development Programme (UNDP) have signed an agreement to launch a two-year programme to strengthen cybersecurity knowledge and capacity for the responsible use of digital technologies in development. The agreement was signed by Edward Vrkić, UNDP’s Resident Representative to Malaysia, Singapore and Brunei Darussalam, and Helen Liu, Founder of BGA, at the Cybersecurity, Trust and Digital Safety Launch Summit in Singapore at the UNDP Global Centre for Technology, Innovation and Sustainable Development.

The signing was followed by a panel discussion on securing digital trust, in which Edward Vrkić and Helen Liu were joined by Robert Pašičko, Lead of the UNDP Alternative Finance Lab (AltFinLab), and Mykolas Majauskas, Global Head of Policy at Bybit, moderated by Glenn Tan, Director of Global Affairs at BGA. The discussion also examined how cybersecurity has become a development concern, how Singapore’s regulatory approach compares with other regions, and how frontline operators and public institutions can share what they learn through public-private partnerships.

“The governments we support are facing growing and increasingly complex cybersecurity challenges, driven by ongoing conflicts, AI-enabled fraud, and more sophisticated cyberattacks,” said Robert Pašičko, UNDP AltFinLab Team Lead. “Strengthening cybersecurity capacities and building resilient, trusted digital systems are essential to addressing these risks. We welcome the opportunity to deepen our collaboration with the BGA, drawing on its expertise and experience.”

A Critical Time for Collaboration

As public institutions rely more on digital systems, including blockchain technology, to manage identity, payments, aid delivery and public records, cybersecurity is essential to keeping services running, protecting public funds and maintaining trust. The rapid advance of artificial intelligence (AI) is widening that gap on both sides: attacks are becoming faster and more sophisticated, while the systems being defended grow more complex. Securing these systems requires technical expertise, strong governance and the capacity to respond to incidents and risks. The partnership will help strengthen and build these capabilities to protect essential services, public funds and the people who depend on them.

“It is fitting that this begins in Singapore, with a small group, and with the people who will actually deliver it,” said Helen Liu, Founder of the BGA. “The industry BGA comes from has learned about cybersecurity and digital safety the hard way. This partnership puts what it learned to work for the public good.”

The programme will be implemented by UNDP’s AltFinLab, in collaboration with BGA. Over two years, it will draw on cybersecurity expertise from BGA’s ecosystem to support learning through the SDG Blockchain Accelerator, that helps develop solutions powered by emerging technologies to advance the SDGs, and the Government Blockchain Academy, a capacity building programme for public officials, alongside dedicated sessions for interested UNDP Country Offices and relevant government counterparts. Through learning and advisory support, the programme will address data protection, secure digital payments and the security of public digital services.

“Prevention, response and recovery are the three pillars of cybersecurity, and public institutions need all three,” said Glenn Tan, Director of Global Affairs at the BGA. “The private sector holds much of the expertise across these areas, yet public institutions and international organizations with pressing needs often lack direct channels to access it and collaborate. This partnership opens that door.”

The partnership builds on BGA’s role as Strategic Partner of the UNDP SDG Blockchain Accelerator, now entering its third cohort, and its membership at the Blockchain Advisory Group (BAG), an advisory forum convened by the UNDP, bringing together leaders from across the blockchain ecosystem to explore how blockchain technologies can contribute to sustainable development and strengthen digital public systems.

#BGA #UNDP

From left: Helen Liu, Founder of Blockchain for Good Alliance and Edward Vrkić, UNDP Resident Representative to Malaysia, Singapore and Brunei Darussalam.

About Blockchain for Good Alliance (BGA)

The Blockchain for Good Alliance (BGA) is a global nonprofit initiative founded by Bybit, dedicated to advancing blockchain as a tool to address real-world problems. By convening leaders, innovators, and organisations from across the blockchain industry, BGA seeks to drive innovation, collaboration and action toward a more sustainable and equitable world.

For more information:

Email: hello@chainforgood.org

Website: www.chainforgood.org 

Twitter: www.x.com/chainforgood

LinkedIn: https://www.linkedin.com/company/blockchainforgoodalliance/

About the United Nations Development Programme

UNDP is the leading United Nations organisation fighting to end the injustice of poverty, inequality and climate change. Working with our broad network of experts and partners in 170 countries, we help nations to build integrated, lasting solutions for people and the planet. UNDP Alternative Finance Lab is a global initiative that connects finance, innovation, and emerging technologies to explore, test, and scale new approaches for sustainable development.

For more information:

Twitter: https://x.com/UNDP_AltFinLab

LinkedIn: https://www.linkedin.com/company/105843439

BGA and UNDP Partner on Two-Year Initiative to Strengthen Digital Safety and Development

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BGA and UNDP Partner on Two-Year Initiative to Strengthen Digital Safety and Development

TUMI INTRODUCES GIFTS FOR THE JOURNEY THIS HOLIDAY SEASON

TUMI’s Holiday Edit Celebrates the Art of Giving Through Craftsmanship and Considered Design

NEW YORK, Oct. 19, 2026 /PRNewswire/ — Today, international travel, lifestyle, and accessories brand TUMI debuts its holiday edit “Gifts for the Journey,” a celebration of thoughtful giving and premium design. Inspired by the alpine world of TUMI’s Fall/Winter 2026 collection, the holiday campaign arrives at snowy peaks where core bestsellers and après ski-inspired gifts await. Anchored by the idea that holiday travel is about the people, not just the place, “Gifts for the Journey” honors the companionship, craftsmanship, and intention behind the brand.

19 Degree Expandable Carry-On in Salt, 19 Degree Large Expandable Checked In Salt, Voyageur Celina Backpack in Mink, and Just in Case Tote in Snow Monster Fur

Continuing to celebrate enduring design, iconic silhouettes from the world of 19 Degree bring a dynamic assortment to the holiday edit. Premium offerings span 19 Degree Aluminum, 19 Degree Front Access, 19 Degree Lite, and the classic 19 Degree collection, each bringing its own expression of the collection’s iconic design language, from the Expandable Carry-On to the Front Access Expandable Carry-On and the Aluminum Carry-On. Every carry-on from the world of 19 Degree boasts integrated TSA locks and four smooth dual outboard wheels, while Front Access and classic 19 Degree silhouettes feature a two-inch zip expansion.

For him, TUMI Harrison and Alpha Bravo deliver considered craftsmanship and world-class commuter performance. Harrison’s clean lines and refined leather details make for a thoughtful gift, while Alpha Bravo’s technical construction and versatile silhouettes accompany every journey from the office to the weekend. TUMI Alpha rounds out the men’s assortment with iconic styles built for the modern traveler.

For her, Voyageur and the latest addition to TUMI’s women’s assortment, the Adatto, a Made in Italy tote, offer elevated everyday sophistication. Olas introduces the Small Bucket Bag for weekend errands, while Belden’s Jewelry Case and Sunglass Case bring the gift of organization to every journey near and far.

Found in the fresh powder of the slopes, Salt is a pristine new colorway featured across the world of 19 Degree. Glacier White complements the season across Alpha Bravo styles. Voyageur introduces Mink, while Adatto rounds out the assortment in Wood, a deep chocolate brown. The Salt Faux Fur Journey shoulder bag adds a tactile, playful touch to the season. Continuing the alpine inspiration of Fall/Winter 2026, Deep Pine, Black Graphite, Black Textured, Taupe, and Rosewood are grounded by classic core colors of Black, Silver, and Navy.

This season’s most distinctive gift arrives in the form of the Snow Monster — the whimsical novelty charm that brings warmth, personality, and a sense of wonder to any TUMI piece. Designed to personalize and delight, the Snow Monster embodies the spirit of the Alps and the joy of the unexpected, making it the season’s most memorable finishing touch.

“The holidays are about giving the people you love something that lasts,” said Victor Sanz, TUMI’s Global Creative Director. “I love seeing loved ones carrying a piece years after it was given. This season, we wanted to bring that same sense of longevity and adventure to the collection, inspired by the simplicity, strength, and beauty of the Alps. It’s truly about the idea of creating something that feels special today but becomes part of someone’s journey for years to come.”

With the reimagined TUMI Accent program, personalization is a meaningful finishing touch to nearly every TUMI gift, reflecting TUMI’s belief that luxury lives in the details. Choose from over 20 colorful monogram patches and luggage tags to mix, match, monogram, and give. Every colorful pop and initial mark turns functional design into a deeply personal reflection of the recipient, crafted to accompany them on their unique journey.

The full “Gifts for the Journey” holiday edit is available in TUMI stores and online at TUMI.com. Follow @TUMITravel for gifting inspiration throughout the season and beyond.

ABOUT TUMI

Since 1975, TUMI has been creating world-class business, travel, and performance luxury essentials, designed to upgrade, uncomplicate and beautify all aspects of life on the move. Blending flawless functionality with a spirit of ingenuity, we’re committed to empowering journeys as a lifelong partner to movers and makers in pursuit of their passions. For more about TUMI, visit TUMI.com and follow on Instagram, TikTok, Facebook, and YouTube.

TUMI and TUMI logo are registered trademarks of Tumi, Inc. © 2026 Tumi, Inc.

TUMI MEDIA CONTACTS

TUMI | pr@tumi.com

Karla Otto for TUMI | tumi@karlaotto.com

Voyageur Celina Backpack in Mink and Navigation Backpack in Glacier White

TUMI Logo (PRNewsFoto/TUMI)

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TUMI INTRODUCES GIFTS FOR THE JOURNEY THIS HOLIDAY SEASON

NYSE American Options Begin Extended Trading Hours: NYSE Content Update

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, Oct. 19, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on October 19th

Extended Trading Hours for NYSE American Options

  • Beginning today, market participants get additional access to options listed on NYSE American.
  • The initial group of eligible symbols includes SPY, IWM, GLD and options overlying large-cap technology names. 
  • The new early trading session operates from 7:30 AM to 9:25 AM ET, and the new late trading session will run from 4:00 PM to 4:15 PM ET.

GoDaddy launches Ink Your Link Campaign

  • Campaign celebrates commitment it takes to build a business by helping owners turn their passion into a custom tattoo.
  • 5 winning small businesses will earn a spot on a Times Square billboard.
  • Starting today through November 15, entrepreneurs can visit InkYour.Link to access the Contest Submission portal page and enter. 

Money20/20 USA is underway in Las Vegas

  • NYSE is the financial technology event’s exchange and content partner.
  • The activation reinforces NYSE’s role as the go-to platform for fintech leaders.
  • ‘Taking Stock’ is broadcasting live from the convention center Monday through Wednesday.

Opening Bell

Susan G. Komen rings the bell in recognition of National Breast Cancer Awareness Month

Closing Bell

LXP Industrial Trust (NYSE: LXP) celebrates its 33rd anniversary of listing

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App and check out the NYSE YouTube: TV.NYSE.com and YouTube.com/@NYSEofficial

Axis Capital CEO Vincent Tizzio Rang the Bell

NYSE Logo

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NYSE American Options Begin Extended Trading Hours: NYSE Content Update

Electronic System Design Industry Posts $5.7 Billion in Revenue in Q2 2026, ESD Alliance Reports

IC Physical Design & Verification, Semiconductor IP, and Services Reported Double-Digit Year-over-Year Revenue Increase

MILPITAS, Calif., Oct. 19, 2026 /PRNewswire/ — Electronic System Design (ESD) industry revenue increased 12.2% to $5,710.8 million in the second quarter of 2026 from the $5,089.4 million registered in the second quarter of 2025, the ESD Alliance, a SEMI Technology Coalition, announced today in its latest Electronic Design Market Data (EDMD) report. The four-quarter moving average rose 11.2%, based on a comparison of the most recent four quarters to the prior four.

Electronic System Design Industry Posts $5.7 Billion in Revenue in Q2 2026, ESD Alliance Reports

“The electronic design automation industry once again reported strong year-over-year revenue growth in Q2 2026,” said Walden C. Rhines, Executive Sponsor of the SEMI Electronic Design Market Data report and Chief Executive Officer of Silvaco Group, Inc. “All product categories except Printed Circuit Board and Multi-Chip Module reported gains, with IC Physical Design and Verification, Semiconductor IP, and Services showing double digit growth. All geographic regions reported growth in Q2, with double digit increases in the APAC region.“

The companies tracked in the EDMD report employed 71,396 people globally in Q2 2026, a 1.6% decrease from the Q2 2025 headcount of 72,529 and down 1.6% compared to Q1 2025.

The quarterly EDMD report contains detailed revenue information within the following category and geographic breakdowns.





Second Quarter Revenue by Segment and Geographic Region ($Millions)





Americas

EMEA*

Japan

APAC*

Q2′ 26 Total

Q2′ 25 Total

% Growth

Total EDA Revenue

1400.3

451.9

266.7

1141.2

3260.0

3061.4

6.5 %

CAE

921.5

286.5

100.0

769.5

2077.6

1929.0

7.7 %

PCB & MCM

139.6

79.2

39.7

105.8

364.2

430.5

-15.4 %

IC Physical Design & Verification

339.1

86.2

127.0

266.0

818.3

701.9

16.6 %









Total SIP Revenue

881.7

183.0

21.9

1112.5

2199.0

1826.7

20.4 %

Reporting SIP Companies

289.2

70.5

21.9

343.6

725.2

618.9

17.2 %

Non-reporting SIP Companies**

592.4

112.5

0.0

768.9

1473.9

1207.8

22.0 %

Total Services Revenue

161.5

30.7

14.5

45.0

251.7

201.2

25.1 %

Total EDA, SIP & Services Revenue

2443.5

665.6

303.1

2298.7

5710.8

5089.4

12.2 %





* EMEA = Europe, Middle East, and Africa. APAC = Asia Pacific





** Non-reporting SIP companies include ARM Holdings PLC (excl. ARM PIPD), CEVA Inc., and

Rambus Inc. Beginning with Q4 2016, ARM PIPD exclusion is estimated.

Revenue by Product and Application Category – Year-Over-Year Change

  • Computer-Aided Engineering (CAE) revenue increased 7.7% to $2,077.6 million. The four-quarter CAE moving average increased 10.7%.



  • IC Physical Design and Verification revenue increased 16.6% to $818.3 million. The four-quarter moving average for the category increased 5.4%.



  • Printed Circuit Board and Multi-Chip Module (PCB and MCM) revenue dropped 15.4% to $364.2 million. The four-quarter moving average for PCB and MCM decreased 1.3%.



  • Semiconductor Intellectual Property (SIP) revenue increased 20.4% to $2,199.0 million. The four-quarter SIP moving average rose 16.6%.



  • Services revenue increased 25.1% to $251.7 million. The four-quarter Services moving average rose 15.2%.

Revenue by Region – Year-Over-Year Change

  • The Americas, the largest reporting region by revenue, procured $2,443.5 million of electronic system design products and services in Q2 2026, a 7.1% increase. The four-quarter moving average for the Americas rose 8.6%.



  • Europe, Middle East, and Africa (EMEA) procured $665.6 million of electronic system design products and services in Q2 2026, a 2.3% increase. The four-quarter moving average for EMEA grew 8.6%.



  • Japan’s procurement of electronic system design products and services increased 9.3% to $303.1 million in Q2 2026. The four-quarter moving average for Japan decreased 8.2%.



  • Asia Pacific (APAC) procured $2,298.7 million of electronic system design products and services in Q2 2026, a 22.4% increase. The four-quarter moving average for APAC grew 18.3%.

About the EDMD Report

The ESD Alliance Electronic Design Market Data (formerly the Market Statistics Service) report presents Electronic Design Automation (EDA), SIP and Services industry revenue data quarterly. Both public and private companies contribute data to the report available from SEMI. Each quarterly report is published approximately three months after quarter close. EDMD report data is segmented as follows:

  • Revenue by product category (CAE, IC Physical Design and Verification, SIP, PCB and MCM Layout, and Services) including numerous detailed sub-categories
  • Revenue by geographic region (Americas, EMEA, Japan and APAC)
  • Total employment at participating companies

For information about SEMI market research reports, visit the SEMI Market Research Reports and Databases Catalog.

About the Electronic System Design Alliance

The Electronic System Design (ESD) Alliance, a SEMI Technology Coalition, is the central voice to communicate and promote the value of the semiconductor design ecosystem as a vital component of the global electronics industry. As an international association of companies providing goods and services throughout the semiconductor design ecosystem, it is a forum to address technical, marketing, economic and legislative issues affecting the entire industry. For more information about the ESD Alliance, visit http://esd-alliance.org.

Follow the ESD Alliance

About SEMI

SEMI® is the global industry association connecting over 4,000 companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.

The information supplied by the ESD Alliance is believed to be accurate and reliable, but the ESD Alliance assumes no responsibility for any errors that may appear in this document. All trademarks and registered trademarks are the property of their respective owners.

Association Contacts

Paul Cohen

Phone: 508-769-2106

Email: pcohen@semi.org

Lisa Gillette-Martin/Bodewell Group (Media Inquiries)

Phone: 1-408-205-4732

Email: lgmartin@bodewellgroup.com 

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Electronic System Design Industry Posts $5.7 Billion in Revenue in Q2 2026, ESD Alliance Reports

Quantinuum Breaks Error-Correction World Record by 10x, Validating Its Leading Path to Fault-Tolerant Quantum Computing by 2029

BROOMFIELD, Colo.—October 19, 2026—Quantinuum (NASDAQ: QNT), a leading full-stack quantum computing company, today announced a world-record quantum error-correction result, achieving a logical fidelity of 99.9995% on its Helios commercial computer using the company’s error-correction architecture. This marks Quantinuum’s second breakthrough in two months, demonstrating how its highly accurate trapped-ion hardware and flexible architecture work together to deliver rapid improvements in accuracy.

The achievement reinforces Quantinuum’s error-correction leadership and validates that its accuracy performance is now within the target range for Apollo, the company’s planned universal fault-tolerant quantum computer expected to be available by 2029.

Quantinuum’s architecture is an end-to-end framework programmable through the company’s developer platform. It integrates tailored AI decoders, all-to-all qubit connectivity, high-fidelity physical operations, and hardware-level error correction. This architecture also allows the company to test, refine, and combine different error-correction codes and optimize between accuracy and efficiency.

In the latest study, Quantinuum used a well-known “color code” within this architecture to achieve the world-record logical fidelity result, which is equivalent to just five errors per million operations. The error rate is 10 times lower than Quantinuum’s own world record achieved last month and 100 times lower than the best published result across all other hardware modalities, which was reported by Google Quantum AI on a superconducting system.

“With this result, we’ve proven that we have the error-correction architecture and trapped-ion technology required to achieve universal fault-tolerance,” said Dr. Rajeeb Hazra, CEO of Quantinuum. “We have reduced error rates tenfold in rapid succession using a different code on the same commercial hardware, demonstrating the flexibility of our error-correction architecture. We’ve crossed the threshold necessary for exponential improvements in accuracy, reinforcing our path to Apollo and how we can help users unlock commercial value from quantum at scale.”

The study also showed that logical errors fell exponentially as Quantinuum increased the “code distance,” a technique used to understand how many physical qubits are needed to protect quantum information as the error correction scales. Each tested increase reduced the remaining logical errors by a record factor of 12, demonstrating increasingly effective error suppression as the code grows—a critical capability for scaling fault-tolerant quantum computing. Quantinuum believes this result suggests it can deliver fault-tolerance with significantly fewer qubits than are required for other modalities.

“This is a significant milestone that quantum computing researchers have been working toward for many years,” said Robin Blume-Kohout, co-director of Sandia National Laboratories’ Quantum Performance Lab, who was not involved in the study. “The paper demonstrates real, serious performance gains from quantum error correction—a logical qubit nearly 100x better than its component physical qubits. A scaled-up version of this system could reach the reliability required for useful fault-tolerant computation at a feasible size—less than a million physical qubits—which improves the outlook for practical quantum computing. These findings go a long way to retire one of the field’s central technical risks.”

In September 2026, Quantinuum used the same error-correction architecture with its Helix code to demonstrate record-setting logical memory and computation. Both studies ran on the same Helios hardware.

The two demonstrations illustrate how Quantinuum can rapidly prototype different error-correction codes within the same architecture to optimize for relative strengths in accuracy, efficiency, and speed. On Helios, Helix used 10 physical qubits per logical qubit, compared with up to 37 for the color code, while the color code delivered lower logical error rates. This provides insight into which applications pair best with each code as systems advance toward fault-tolerance.

Quantinuum’s error-correction architecture is flexible, allowing for adaptive syndrome extraction, which adjusts error-checking measurements during computation, and chain-mapping, which connects codes suited to different computational tasks. Together with efficient code structures and real-time decoding, these techniques provide multiple ways to reduce errors and resource requirements.

Quantinuum is combining its hardware, error-correction architecture, and full-stack software platform into an integrated system for fault-tolerant quantum computing. As customers prepare for this next era of computing, Quantinuum is providing the tools needed to develop and scale quantum applications capable of addressing challenges across materials science, chemistry, finance, logistics, and other critical sectors.

Read the full research here: www.quantinuum.com/fault-tolerance-by-2029  

From Western Suburbs to Eastern Corridor: How Connectivity Is Redrawing Mumbai’s Real Estate Map

How major infrastructure projects, including JVLR and GMLR, are reshaping Mumbai’s connectivity and growth corridors

Mumbai’s urban landscape is evolving as infrastructure development reshapes connectivity between its established neighbourhoods and emerging growth corridors. Improved east–west links are bringing different parts of the city closer, influencing how people commute, where businesses choose to operate and how new urban centres develop. The western suburban belt of Andheri, Goregaon and Malad has long been a prominent destination for businesses, supported by established commercial ecosystems and connectivity. However, the expansion of Mumbai’s infrastructure network is creating opportunities for a gradual shift in commercial activity towards the eastern suburbs. The Jogeshwari–Vikhroli Link Road (JVLR) has long served as a vital connector between the Western Express Highway and the Eastern Express Highway. With the Goregaon–Mulund Link Road (GMLR) and other major infrastructure projects expected to strengthen this network, connectivity is becoming an increasingly important factor in corporate location decisions, gradually reshaping Mumbai’s commercial real estate landscape.

 

Building on the foundation laid by JVLR, upcoming road infrastructure, including the Eastern Freeway Extension, Vikhroli–Koparkhairane Bridge and GMLR, alongside access to multiple Metro lines, could improve connectivity between the western suburbs, Powai, Vikhroli, Mulund, Airoli and the wider eastern corridor. These developments have the potential to widen employee catchments, ease cross-city commutes and make emerging commercial locations more attractive to businesses seeking alternatives to established office districts.

Commenting on this infrastructure-led transformation, Shilpin Tater, Managing Director, Superb Realty, said, “Infrastructure does more than reduce travel time; it changes the way a city creates and distributes economic value. JVLR laid the foundation for stronger east–west connectivity, and the next wave of infrastructure has the potential to accelerate this integration. We see Vikhroli as a compelling commercial destination in the making, supported by its proximity to Powai’s established business ecosystem, access to a diverse workforce and the presence of leading corporates and Global Capability Centres. The opportunity is to develop an integrated commercial ecosystem where connectivity, workplace quality, sustainability and social infrastructure come together to create long-term value for occupiers and investors.”

The benefits of improved connectivity are also expected to extend to Mulund, where infrastructure upgrades could strengthen the relationship between commercial development and residential demand. Navin Makhija, Managing Director, The Wadhwa Group, said, “Improved connectivity is a catalyst for both commercial and residential real estate, as it enhances accessibility for businesses while making surrounding neighbourhoods more attractive for homebuyers. Mulund is well positioned to benefit from this convergence, given its established residential base, access to key road networks and growing connectivity with the wider Mumbai Metropolitan Region. As commuting becomes more convenient, the micro-market could see greater interest from businesses evaluating office locations as well as homebuyers seeking a well-connected address. This can support the evolution of Mulund into a more integrated urban destination, creating opportunities across both asset classes.”

Beyond connectivity, the wider eastern corridor benefits from access to healthcare, hospitality, retail, entertainment and everyday conveniences that contributes to a more complete urban environment. Proximity to green spaces and protected mangrove landscapes in parts of the corridor also offers a distinctive natural setting within Mumbai’s dense urban fabric. These factors are increasingly relevant as businesses assess office locations not only on commute times and occupancy costs, but also on employee experience, sustainability and the quality of the surrounding ecosystem.

As Mumbai’s infrastructure network expands, the eastern corridor has the potential to strengthen its position within a more interconnected commercial and residential landscape. The long-term opportunity lies not simply in improved transport links or additional office supply, but in developing an integrated ecosystem that brings together accessible workplaces, quality housing, sustainability and supporting amenities. This convergence could help reinforce the role of Vikhroli, Mulund and the Bhandup–Nahur belt in Mumbai’s evolving urban and real estate landscape.

AD Ports Group Reports Progress in Reducing the Emissions Intensity of Operations in 2025

Abu Dhabi, UAE – 19 October 2026: AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, (ADX: ADPORTS), announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6% reduction in emissions intensity per unit of revenue.

The report reflects AD Ports Group’s gains in mitigating the environmental impact of its integrated global trade, transport, logistics, and economic development activities, through measures such as increased operating efficiencies and the use of solar electricity, lower-impact maritime fuels, and electric-powered vessels.

The Group’s total emissions intensity, which calculates tonnes of carbon dioxide equivalent (tCO2e) per AED 1 million in revenue across emissions Scopes 1, 2 and 3, fell by 6% to 190.68 tCO₂e in 2025 from 203.06 tCO₂e in 2024. The reduction demonstrates the Group’s progress in decoupling emissions from its business operations, strengthening energy productivity whilst advancing its decarbonisation objectives.

The Group achieved this reduction in emissions intensity during a year in which revenue rose 20%, to AED 20.77 billion, amidst its ongoing global expansion. It also purchased 47,960 megawatt-hours (MWh) of renewable energy certificates (RECs), which lowered the emissions intensity of energy the company used for electricity, heating, and cooling.

In 2025, the Group adopted a decarbonisation pathway covering its operations and value chain, with 139 initiatives planned between 2025 and 2050. The pathway is aligned with the Paris Agreement goal of limiting global warming to 2°C and supports the UAE Net Zero 2050 strategic initiative. The initiatives are backed by a projected investment of USD 636 million over 25 years and target a cumulative reduction of 2.9 million tCO2e. 

Captain Saif Al Mheiri, Abu Dhabi Maritime CEO and Group Chief Sustainability & Risk Officer of AD Ports Group, said: ” Defining a pathway to net zero across a global business of AD Ports Group’s scale is a significant achievement and reflects our commitment to sustainable growth and value creation. The Group continued to advance its decarbonisation journey as the business grew robustly in 2025, reducing the total emissions intensity of our business per AED 1 million of revenue by 6% from 2024 levels through greater efficiencies and the use of solar and alternative energy. This shows the substantial progress we are making in decoupling emissions from business expansion. By embedding decarbonisation into our business strategy, we are positioning the Group for lasting emissions reductions while strengthening operational resilience and competitiveness, and the progress achieved to date reinforces our conviction that sustainable growth is achievable at scale.” 

The Group is committed to successively leveraging solar energy, low-emissions fuels, CO2 credits, and the large-scale electrification of its ports, logistics, and maritime and shipping businesses through 2050 to grow sustainably.

The Group’s decarbonisation strategy is integrated into its corporate decision-making matrix to drive emissions reduction. Decarbonisation targets focus on accelerating adoption of renewable energy, advancing fleet decarbonisation and fuel transition, and investing in low-carbon infrastructure to support a multi-fuel future. Executive compensation of the Group’s senior management is linked in part to achievement of sustainability targets.

In 2025, the Group introduced several initiatives that supported the reduction of emissions intensity, including the use of Liquefied Natural Gas (LNG)-powered Pure Car and Truck Carrier (PCTC) vessels in its United Global Ro-Ro venture, ship-to-ship LNG bunkering (fuelling), and the launch of plans with Nimex Terminals to develop LNG and liquefied petroleum gas (LPG) terminal hubs at Khalifa Port.

The Group’s Maritime & Shipping Cluster, which generated 51% of Group revenue during the year, generated 50% of the Group’s emissions in 2025, followed by Ports, 24%, Logistics, 21%, and Economic Cities & Free Zones, 5%.

The Group also diverted 10,303 tonnes of waste in 2025, up 24% from 8,341 tonnes in 2024, including 10,127 tonnes of non-hazardous waste, a 23% increase compared with 8,247 tonnes recycled in the previous year.

Amidst strong growth in Group revenue, total emissions, which includes Scope 1-3 emissions from the Group’s own activities and those of its entire value chain including suppliers and customers, rose 13% to 3,957,755 tCO2e in 2025 from 3,510,131 tCO2e in 2024, which was less than the 20% growth in Group revenue.