TEMPE, Ariz., Jan. 25, 2024 /PRNewswire/ -- Moov , the largest and fastest growing global marketplace for used semiconductor equipment, today announced the release of its new Equipment Management Software (EMS) for semiconductor manufacturers. Moov's Equipment Management Software helps manufacturers track and understand what equipment assets they own across fabrication centers (fabs), the condition of these tools, and the resale value of these assets based on data from Moov's global marketplace.Moov is helping manufacturers maximize the lifetime value of their capital equipment assets. Post this Moov’s Equipment Management Software helps manufacturers track and understand what equipment assets they own across fabrication centers (fabs), the condition of these tools, and the resale value of these assets based on data from Moov’s global marketplace.Today, semiconductor manufacturers have limited insight into the equipment they own across fabs, its condition, and how to maximize its value once it is considered depreciated and/or has outlived its initial production line.In building EMS, Moov will continue to help manufacturers operationalize a more data-driven approach to deciding how to leverage idle or underutilized capital equipment – whether that means transferring equipment between fabs, scrapping equipment, selling parts, or selling whole systems to maximize the lifetime value of these assets."Semiconductor manufacturers have neither the tools nor the data to make informed decisions on what to do with capital equipment assets that may be depreciated on their books but still have real market value," said Moov cofounder and CEO, Steven Zhou. "Moov's Equipment Management Software helps manufacturers gain a unified view of their equipment across fabs and augments equipment data with marketplace data pulling from millions of data points on pricing, supply, demand, geography, installed base, and more to help chipmakers make strategic decisions on how to maximize the value of these financial assets based on true market conditions."To help manufacturers simplify the process of deploying EMS across fabs, Moov is offering free equipment audits and data onboarding. Moov will audit and inspect tools across a manufacturer's fabs, and document tool make, model, location, condition, and specifications in the EMS

Moov unveiled a series of new product features at this year's SEMICON West exhibition and conference, which leverage data and automation to further simplify the process of buying and selling semiconductor equipment and parts on Moov's marketplace.

In 2021, Moov Technologies closed a $41 million series A round of financing led by Tiger Global with participation from Gavin Baker of Atreides Management, Valor Equity Partners, Avenir Growth Fund and existing investors.