Skip to main content
IBS Logo

News

Discover The Latest Industry News
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.
Read More
News
5.29.2024

Electronics Firms Seek Rs 35,000 Crore PLI Support to Boost Manufacturing

India's electronics manufacturing sector is seeking Rs 35,000 crore under the Production Linked Incentive (PLI) scheme to enhance production, boost global competitiveness, and position India as a major electronics manufacturing hub. The PLI scheme, introduced by the Indian government, provides financial incentives based on incremental sales of domestically manufactured products.
Read More
News
5.28.2024

Sharp and Xiaomi reach wireless communication technology patent cross-licensing agreement

Sharp’s official website released news that the company signed a wireless communication technology patent cross-licensing agreement with Beijing Xiaomi Mobile Software Co., Ltd., ending a lawsuit filed by Sharp in China in September 2022. Although Sharp has faced financial difficulties in recent years and has previously withdrawn from the Chinese mobile phone market, it still has strong technical strength and market influence in the field of wireless communications. It is also actively adjusting its business structure and promoting technological innovation in order to compete in the future market. restore competitiveness.
 
Read More
News
5.27.2024

US CHIPS Act to Significantly Boost Philippine Semiconductor Industry

The US CHIPS Act is poised to transform the Philippine semiconductor industry. The Philippines, chosen as a key partner for its existing infrastructure and skilled workforce, will receive US funding to expand chip assembly and develop domestic chip design capabilities. This collaboration aims to create 128,000 semiconductor professionals by 2028 and potentially double the number of chip facilities in the Philippines. 
Read More
News
5.23.2024

IBM Acquires HashiCorp for $6.4 Billion to Enhance Hybrid Cloud Capabilities

IBM is acquiring HashiCorp, a leader in multi-cloud infrastructure automation, for $6.4 billion. This strategic move will allow IBM to offer a more complete hybrid cloud platform with stronger AI integration, catering to the rising demand for complex cloud management and automation. The acquisition is expected to benefit various industries, including manufacturing and defense, by enabling more efficient operations and robust security. 
Read More
News
5.23.2024

Foreign Investors Urge Approval of Konektadong Pinoy Bill to Enhance Internet Access in the Philippines

Foreign investors are urging the Philippines to pass the Konektadong Pinoy Bill to improve internet access nationwide. This bill aims to address the digital divide by promoting competition in the data transmission sector, lowering internet costs, and investing in infrastructure, especially in unserved areas. By enabling more Filipinos to participate in the digital economy, the Konektadong Pinoy Bill is seen as a driver for economic growth and a more competitive Philippines.
Read More
News
5.22.2024

Marvell Establishes Additional Semiconductor Design Center in Vietnam

Marvell Technology has opened a new semiconductor design center in Da Nang, Vietnam, and plans to establish another high-tech design and lab center in Ho Chi Minh City. This expansion reflects Marvell's commitment to supporting Vietnam's growing role in semiconductor innovation and increasing its workforce in the country by 50% over the next three years. The new centers will focus on advanced technologies to meet the rising demands of AI and cloud data infrastructure. 
Read More
News
5.21.2024

China's Low-Altitude Economy: A High-Flying Opportunity for the Semiconductor Industry

China's low-altitude economy, involving the use of drones and eVTOLs, is rapidly emerging as a significant economic sector, projected to contribute up to $700 billion by 2025. Supported by government policies and substantial investments, regions like the Yangtze River Delta and Guangdong-Hong Kong-Macao are developing specialized industrial clusters. This growth presents substantial opportunities for the semiconductor industry, which is essential for the sophisticated electronic systems required in aerial vehicles. The integration of AI, 5G, and IoT technologies in this sector further drives demand for advanced semiconductor solutions, highlighting the strategic importance and potential for innovation and economic expansion in this market.
Read More
News
5.20.2024

The Philippines and Korea Collaborate to Boost Dairy Production with AI Technology

The provincial government of Bacolod City in the Philippines has partnered with Korean firm ThinkforBL to enhance dairy production using AI technology. This collaboration involves a four-month trial of the Milk-T AI Technology at the Provincial Livestock Breeding Center and Dairy Farm in La Carlota City. The trial aims to optimize milk production through advanced sensors, cameras, and AI data analytics, which will monitor and improve the efficiency of dairy operations. Both parties will jointly own the trial data and results, highlighting a significant step towards modernizing the local dairy industry with cutting-edge technology.
Read More
News
5.17.2024

Vietnam's Strategic Move to Bolster Semiconductor Industry with Power Supply Assurance

Vietnam is strategically positioning itself as a key player in the global semiconductor industry by ensuring a stable power supply and offering attractive incentives to investors. Deputy Minister Trần Duy Đông highlighted the country's plans to invest heavily in power production infrastructure, including a significant 500 MW project in the north, while addressing concerns over power shortages due to rapid economic growth.
Read More
News
5.16.2024

Will China's Influence in the Global Semiconductor Market Continue to Grow?

China's growing dominance in the semiconductor industry, marked by a recent surge in exports, reflects its strategic push for technological self-sufficiency. This expansion, fueled by government support and driven by geopolitical tensions, has significant implications for global supply chains, economic landscapes, and technological innovation. As China refocuses on areas like AI and 5G, the global semiconductor market is likely to see a continued shift in competition and advancements.
Read More

Why We Are One

Don't Stress, Call One IBS

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.

Follow Us