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Because of the global chip shortage, leading car manufacturers are moving away from the “just-in-time” component inventory model.
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Product lifecycles are directly linked to electronic parts procurement. The sooner you grasp the importance of your product lifecycles, the better off your entire sourcing staff will perform. Review t
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Electronic component supply chain industry predictions in 2020 delivered by Sourcengine. Impacts on the semiconductor industry.
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AlixPartners, a global consultancy, estimates the global chip shortage will cost the automotive industry $110 billion this year.
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Nexperia is spending $700 million to expand its development capabilities and manufacturing capacity. And it just activated a new production line.
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The European Union intends to make its domestic semiconductor industry a hub for cutting-edge microchip development by 2030.
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China’s energy crisis has had a negative impact on firms that maintain component factories and chip packaging facilities in the region.
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Western Digital and Kioxia are reportedly negotiating a $20 billion merger. But a possible IPO and global trade tensions threaten the deal.
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IHS Markit recently revealed key insights regarding the global semiconductor shortage. It also offered several best practice recommendations to help OEMs mitigate its impact.
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Recently, many semiconductor industry leaders and analysts forecast the global chip shortage will not end until 2023.
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