SAN DIEGO, Aug. 16, 2022 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTC ) (“GBT” or the “Company”) has filed a non-provisional patent application for automatic system and method correction of integrated circuit (IC) electrical connectivity mismatches. The application was filed on August 3, 2022, with Application No. 17880055. The non-provisional application The patent application seeks to protect methodologies and programmatic algorithms for automating the correction of electrical connectivity mismatches of integrated circuits in order to obtain faster and more efficient designs, especially for the advanced nanometer range of 5nm and below. An integrated circuit design workflow consists of a few steps that involve software tools to design, capture, simulate, and verify the correctness of the integrated circuit in a few areas. Electronic Design Automation (EDA), are key elements in transforming a product definition and circuit concept into a production-ready IC design A Layout-Vs-Schematics (LVS) verification program is part of integral to the IC approval process to compare the electrical connectivity (wiring) of an IC layout against its block diagram. A connectivity incompatibility would mean that there is a wrong wiring connection between the electronic components and can lead to a non-working chip circuit or a bad electrical result. Generally, in custom and semi-custom analog, mixed and RF layout styles, these corrections have to be done manually, which is very time-consuming.

GBT’s non-provisional patent application seeks to protect an algorithmic system and method for performing automatic LVS correction at the click of a button. The system will read the IC schematics and layout data, compare their electrical connections (wiring), and if mismatch is detected, disconnect the faulty wires and re-route them through the layout to create correct electrical conductivity. The goal of the system is to automatically correct the layout, without causing LVS, Geometric (DRC), Reliability Check (RV), and Design for Manufacturing (DFM) violations. GBT has already started research in this area and plans to expand it during 2022.

“We expect there will be global growth in semiconductors over the next decade. A $52 ​​billion bill awaits President Biden’s signature, major IC manufacturing companies have started building IC manufacturing plants in the United States, and major R&D efforts are steadily increasing by integrated circuit design companies. GBT invests in microchip’s productivity tools, especially for advanced nodes. As major physical hurdles approach with small nodes, like 5nm and 3nm, there is a strong demand for programmatic solutions to aid in the design and fabrication of these advanced ICs. Advanced design automation solutions will be the key to producing advanced node chips in a timely manner. GBT has identified weak points and bottlenecks in the field of IC layout and backend design and is investing extensive efforts to provide algorithmic solutions to address these challenges. One of the main ones is the LVS domain. Our non-provisional patent application seeks to protect an automated LVS correction system to analyze whole-chip data, check for electrical connectivity incompatibilities, and automatically correct them with a single click. The remediation process will consist of identifying existing incompatible connections, disconnecting them and re-routing them correctly. This technology includes hierarchical auto-correction and other advanced node features. It is a huge challenge to perform such an operation programmatically and we use our artificial intelligence technology to handle the large amount of data processing, perform the difficult mathematical analysis, conclude possible solutions and perform automatic correction. IP includes advanced neural networks and algorithms to achieve these features in a very short time, which can take days or weeks to fix manually. The goal of this technology is to introduce another innovative design productivity enhancement tool from GBT, enabling IC design companies to significantly reduce the overall design time of their projects and make their microchips more to market quickly,” said Danny Rittman, the company’s CTO.

There is no guarantee that the Company will succeed in researching, developing or implementing this system. In order to successfully implement this concept, the Company will need to raise sufficient capital to support its research and, if research, development and regulatory approval are successful, the Company will need to establish a strategic relationship with a third party that has experience in manufacturing, selling and distributing this product. There is no guarantee that the Company will successfully complete any or all of these critical milestones.

About Us

GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development-stage company that considers itself a native of the Internet of Things (IoT), intelligence (AI) and enabled technologies. Mobile technology platforms used to increase the performance of integrated circuits. GBT has assembled a team with extensive technological expertise and built an intellectual property portfolio consisting of numerous patents. GBT’s mission, to license technology and intellectual property to synergistic partners in hardware and software. Once commercialized, GBT’s goal is to have a suite of products including smart microchips, AI, encryption, blockchain, IC design, mobile security applications, database management, with tracking software and cloud support (without the need for GPS). GBT envisions this system as the creation of a global mesh network using advanced nodes and super-efficient next-generation IC technology. The heart of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a private, secure and low cost mesh network between all enabled devices. Thus, providing advanced shared processing, management and sharing of the mobile database while using these enhanced mobile features as an alternative to traditional carrier services.

Forward-looking statements

Certain statements contained in this press release may constitute “forward-looking statements”. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that is not directly related to historical or current fact. Actual results may differ materially from those indicated by these forward-looking statements due to various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, results and results may differ materially due to broader factors, including (without limitation) general industry and market conditions and growth rates. , economic conditions, changes in government and public policy, the Company’s ability to raise capital on acceptable terms, if any, the Company’s successful development of its products and integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and those views are subject to change. However, while the Company may elect to update these forward-looking statements at some time in the future, the Company expressly disclaims any obligation to do so. These forward-looking statements should not be taken to represent the views of the Company as of any date subsequent to the date of the press release.

A new electronics repair shop has opened at Paxton Square Shopping Center in Lower Paxton Township.

Asurion Tech Repair & Solutions opened last month at 6013 Allentown Blvd., suite E122.

The store offers repairs for most consumer electronics, from smartphones, tablets and computers to game consoles, smart speakers and drones, among others.

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Company officials said that while the most common repairs include cracked screens, battery issues and water damage, company employees can help resolve most technical issues and many repairs. base can be completed in less than two hours.

Customers can book a repair appointment online or drop by the store for walk-in service. The store offers free, no-obligation diagnostics on all gadgets, as well as a one-year limited warranty on all repairs. It even offers a price match guarantee on the price regularly published by any local competitor for the same repair.

The company has more than 750 locations across the country. Formerly known as uBreakiFix, all US locations will be rebranded as Asurion Tech Repair & Solutions throughout 2022. UBreakiFix was acquired by Asurion in 2019.

Franchise owner James McNeil also owns Asurion stores in Hampden Township and East Lampeter Township, Lancaster County.

The new store in Lower Paxton Township is about 20 minutes from Harrisburg,

—business buzz

Congress’s passage of the chip bill validates Big Law’s decision to push for legislation that aims to make American manufacturing more competitive with China.

Covington & Burling, Arnold & Porter and Akin Gump Strauss Hauer & Feld are among the firms that each received at least six-figure payouts in the first half from interests promoting the bill. Companies have worked for companies such as Samsung Electronics Co., Qualcomm Inc. and Micron Technology Inc.

“It’s been months since the dam broke,” Kevin O’Neill, chairman of legislative practice at Arnold & Porter, said in an interview. The work skyrocketed when “suddenly more players realized this had a significant chance of going somewhere”.

The Chips and Science Act, which spends $52 billion to boost U.S. semiconductor production, is a central part of the law firms’ bid to top 2021’s record lobbying revenue in a year with few major laws that have been passed. The House approved the bill on Thursday, after it passed the Senate on July 27.

Several major law firms are on course to hit or surpass last year’s record high of $1.92 billion, first- and second-quarter filings under the Privacy Act show. disclosure of lobbying. The biggest chip companies have been willing participants in the effort, spending nearly $20 million in the first half of the year, Bloomberg News reported.

Qualcomm, the biggest chipmaker running in smartphones, paid Covington nearly $3 million in the first two quarters, the largest amount ever sent to an outside firm to pressure the industry, filings show. . Covington had eight people working on bills related to semiconductors and Chinese competition, according to filings.

Covington has deployed Michele Pearce, whose resume includes serving as senior adviser to Sen. Susan Collins (R-Maine) and assistant general counsel for legislation at the U.S. Department of Defense. Chip technologies are “essentially the engine of our national security agenda,” Pearce said in an interview.

She worked alongside Bill Wichterman, former adviser to former Senate Majority Leader Bill Frist, R-Tenn., and Holly Fechner, former policy director to former Sen. Edward Kennedy, D-Mass.

Arnold & Porter won $330,000 to lobby on behalf of Samsung, the top memory chip maker. The company has outlined possible plans to spend nearly $200 billion at 11 factories in Texas, Bloomberg News reported July 21, citing documents filed in the state.

Arnold & Porter lobbyists pushing Samsung’s case included Marne Marotta, who previously worked for Sen. John Barrasso (R-Wyo.) and former Sen. Kelly Ayotte (R-NH) and Scott Brown (R-Mass.) , According to the company’s website. His lobbying focused on ensuring companies would get at least a “share” of the investments the bill calls for, Marotta said in an interview.

Token Lobbying Blitz

Micron Technology Inc., the largest U.S. memory semiconductor maker, spent $200,000 in the first six months of the year to pressure Akin Gump, records show.

The law firm relied on former House Ways and Means Committee staff director Jeffrey McMillen to lead its work on semiconductor investment tax credits, according to public filings.

“We had another very busy quarter,” Brian Pomper, co-head of Akin Gump’s public law and policy practice, said in a statement, adding that tax, climate and health policy issues were driving also activity.

K&L Gates, which received $100,000 from Lattice Semiconductor Corp. to lobby, used former Tennessee Democratic Rep. Bart Gordon to make his point, said Paul Stimers, co-chair of the company’s public policy group. Gordon is a former chairman of the House Science Committee. The firm also leaned on Stacy Ettinger and Scott Gelbman, former staffers of Senate Majority Leader Charles Schumer, (D-NY).

While some lawmakers such as Sen. Bernie Sanders, I-Vt., have criticized the bill as payroll for chip companies, Stimers said he’s eager to push back against the idea.

“In all of the conversations I’ve had with companies active on the bill, the focus has been on the strategic implications for our global competitiveness and the geopolitics of the United States, not on corporate balance sheets.” , did he declare.

“Extraordinary” Times

The passage of the flea bill marks one of the few legislative victories for President Joe Biden’s administration, which has encountered obstacles in its efforts to implement legislation targeting areas such as taxes on companies and renewable energies.

But the prospect of transformative legislation being approved has been enough to have companies in multiple sectors pouring money into Washington.

“In practice, you have to be nervous because you’re talking about a recession,” said Marc Lampkin, public policy manager at Brownstein Hyatt. “The next Congress could be just as slow moving forward.”

Still, Lampkin added, you “have spending measures here in Washington and the continued implementation of key pieces of legislation.”

Arnold & Porter’s O’Neill said the shock tax, climate and health care deal Schumer reached this week with Sen. Joe Manchin, D-WVa., is the latest indication that the pace of “extraordinary” activity in Washington is not slowing down.

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The global market for industrial wireless power systems is growing at a pace High CAGR during the forecast period 2022-2028. Growing interest of individuals in this industry is the major reason for the expansion of this market and this has led to several changes in This report also covers the impact of COVID-19 in the world market.

2022-2028 Industrial Wireless Power Systems Industry Overview:

The latest research report, titled “Industrial Wireless Power Systems Market” Added by Market Information Reports, provides the reader with a comprehensive overview of the Industrial Wireless Power System industry and acquaints them with the latest market trends, industry insights and market share. Report content includes technology, industry drivers, geographic trends, market statistics, market forecasts, raw material/equipment producers and suppliers. The global Industrial Wireless Power Systems market size was xx million US$ and is expected to reach xx million US$ by the end of 2028, with a CAGR of XX between 2022 and 2028.

Industrial Wireless Power System Market competition by top manufacturers as follows: DAIHEN, HEADS Co.?Ltd., Omron Automotive Electronics ?Nidec?, IPT Technology GmbH, WÄRTSILÄ, Bombardier, DAIFUFUKU, PANASONIC, B&PLUS, ABB, WAVE and more…

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The global industrial wireless power systems market has been segmented on the basis of technology, product type, application, distribution channel, end-user, and industry vertical, along with geography , providing valuable information.

Market is split by Type, can be split into:
Electromagnetic induction technology
Magnetic field coupling technology

The market is split by Application, can be split into:
EV Construction Machinery/Vehicles
Electric boats
VAG
Monitoring systems

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Market Segment by Regions/Countries, this report covers:
North America
Europe
China
Rest of Asia-Pacific
Central and South America
Middle East and Africa

Years Considered to Estimate Market Size:
Historical year: 2015-2019
Year of reference : 2019
Estimated year: 2022
Forecast year: 2022-2028

Key Factors Covered in the Report:

• Global Industrial Wireless Power Systems Market Summary
• Economic impact on industry
• Market competition in terms of manufacturers
• Production, Revenue (Value) by Geographical Segmentation
• Production, Revenue (Value), Price Trend by Type
• Market analysis by application
• Cost survey
• Industrial chain, raw material sourcing strategy and downstream buyers
• Understanding of Marketing Strategy, Distributors and Traders
• Market Research Factors Study
• Global Industrial Wireless Power System Market Provide