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Shortage for Automotive Chips Remains a Bottleneck for 2023
The automotive industry is currently facing an unprecedented shortage of integrated circuits (ICs), causing parts shortages at auto plants, extended wait times for certain makes and models, and higher prices for cars not yet considered. To address the issue, automakers have begun stockpiling ICs, shifted production plans, and implemented incentives for suppliers who increase production. IBS Electronics is a reliable provider of alternative components for automotive applications, offering quality products and services at competitive prices. This shortage is expected to constrain auto production well into 2023, and only an improvement in chip manufacturing capacity will mitigate this increasingly critical issue.
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2.27.2024
Malaysia Boosts Semiconductor Industry to Capitalize on EV Market Growth
Malaysia sees a significant opportunity in supplying semiconductors for the growing electric vehicle (EV) market. The Minister of International Trade and Industry highlights the country's rising role in EV supply chains, to strengthen its position, Malaysia established a semiconductor taskforce and aims to attract major EV manufacturers like Tesla.
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2.27.2024
Tesla Expands Charging Infrastructure in Penang, Malaysia
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2.26.2024
Boeing Selects BAE Systems for MQ-25 Unmanned Aerial Refueling System Upgrade
Boeing and BAE Systems are joining forces to upgrade the vehicle management system of the U.S. Navy's MQ-25 drone tanker. This new system will not only keep the jets topped up farther from the base, but also pave the way for future unmanned spy missions and even manned-drone teamwork.
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2.26.2024
LCD TV Panel Prices on the Rise
LCD panel shortages are causing production dips, but upcoming sports events are driving demand, leading to a predicted $1 price hike across most sizes in March.
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2.26.2024
Can India Surpass the US in Electronics by 2040?
A recent report predicts India could become the world's second-largest electronics economy by 2040, surpassing the US. This potential rise is fueled by India's growing economy, large workforce, and government initiatives promoting local production.
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2.22.2024
Assam Set for a Tech Transformation with ₹25,000 Crore Semiconductor Packaging Plant
Assam's semiconductor industry is poised for significant growth with the proposed ₹25,000 crore semiconductor packaging plant, a joint venture between the Indian government, the Assam government, and the Tata Group to extend production of chips beyond smartphones and fighter jets and focus on industries construction, engineering, IT, and logistics.
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2.21.2024
Biden Administration Boosts EV Charging Infrastructure with $150 Million Investment
The Biden-Harris Administration has allocated nearly $150 million to 24 recipients in 20 states to enhance the reliability of electric vehicle (EV) charging infrastructure in response to challenges faced by EV drivers, especially in sub-zero temperatures in Chicago. The funding will repair or replace nearly 4,500 existing EV charging ports, aiming to improve station reliability and incentivize EV adoption to reduce carbon emissions and combat climate change.
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2.21.2024
Global Semiconductor Manufacturing Industry Shows Signs of Recovery
The global semiconductor industry is rebounding, with electronics and IC sales up in Q4 2023 according to SEMI. Electronics sales rose 1% y-o-y, marking the first increase since H2 2022. IC sales jumped 10% y-o-y in Q4 2023, driven by rising demand and normalized inventories. SEMI projects a 3% y-o-y increase in electronics sales for Q1 2024, indicating sustained growth. This recovery presents significant opportunities for electronic component distributors.
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2.21.2024
BMW Unveils Seamless Integration of AR Glasses and Voice Assistant for Hands-Free Driving
BMW unveiled its latest innovation, seamlessly integrating vehicles with augmented reality (AR) glasses for driving and partnering with Amazon for voice assistant capabilities, enabling a hands-free driving experience.
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2.20.2024
India's Chip Ambitions Take Flight with Multi-Billion Dollar Fabs
India is making a bold move towards self-reliance in chip production with the announcement of two multi-billion dollar fabrication plants. Led by Israel's Tower Semiconductors and India's Tata Group, these fabs will utilize advanced technology to power various industries.
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For over 40 years, IBS Electronics Group has provided a broad range of integrated supply chain and electronicsmanufacturing solutions tailored specific to our customer's operations. As your one source for the industry’s top brands all in one place, our engineers specialize in reducing supply chain complexity and are here to provide you with dedicated support from prototype to production.
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