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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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2.28.2024

WTO Members Debate Extending Tariff-Free Treatment for Digital Trade

The 13th WTO Ministerial Conference in Abu Dhabi has sparked a contentious debate over extending the tariff-free treatment for digital trade. While some countries argue that the current rules limit their policy flexibility and revenue potential, others fear the potential foregone customs revenues during the peak in digital trade.
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2.28.2024

Southeast Asia Smartphone Market Rebounds for 2024

The Southeast Asian smartphone market bounced back despite economic difficulties. New product launches and sales promotions by vendors fueled this revival. A major shift was seen driven by TRANSSION's budget-friendly phones and innovative marketing.
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2.28.2024

Japan's SoftBank Plans to Raise US$100 billion to Bet on AI Chips

Masayoshi Son, founder and CEO of Japan’s SoftBank Group, aims to raise US$100 billion for a new AI chip company called Izanagi, directly competing with NVIDIA in the artificial intelligence semiconductors market.
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2.27.2024

Growth in Compound Semiconductors Propels Power Electronics and Photonics Forward

The compound semiconductor industry is experiencing significant growth, driven by advancements in power electronics and photonics. With a projected market size of $3.3 billion by 2029 and applications across automotive, consumer electronics, and more, technologies like SiC and GaN are leading the way. 
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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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