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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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9.22.2023
Malaysia Inaugurates First Waste-to-Energy Plant to Propel Renewable Energy Drive
Malaysia inaugurated its first waste-to-energy plant at Bukit Tagar EnviroParks, a vital step towards sustainable development. Minister Nga Kor Ming stressed its potential in converting landfills into energy sources, aligning with Malaysia's goal to lead in renewable energy by 2035. The project addresses waste challenges while advancing the nation's renewable energy agenda and carbon reduction efforts.
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9.21.2023
Malaysia Unveils National Nuclear Technology Policy 2030 to Foster Socio-Economic Growth
Malaysia's Science, Technology, and Innovation Minister, Chang Lih Kang, introduced the National Nuclear Technology Policy 2030 (DTNN 2030) to optimize nuclear tech for socio-economic growth. Highlighting strategic areas, strategies, and sustainability, the policy targets a 40% increase in nuclear tech use in key sectors like healthcare, agriculture, manufacturing, environment, industry, and safety, aligning with Malaysia's development goals.
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9.19.2023
ADAS and Electric Vehicles Boost Demand for Passive Components
Passive component makers are looking to the automotive industry to drive second-half revenue growth. The automotive industry is expected to be a major driver of growth for the passive component market in the coming years, due to the increasing adoption of ADAS systems and the growing popularity of electric vehicles. Passive component makers are also looking to other high-margin applications to drive growth, such as industrial and medical applications.
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9.19.2023
Growing Demand for Smartphones Fuel Vietnam's Semiconductors Market
The semiconductors market in Vietnam is projected to grow at a CAGR of 6.12% between 2022 and 2027, driven by the increasing demand for smartphones, smart homes, and IoT devices. Vietnam has one of the fastest rates of smartphone adoption in Southeast Asia, with over 61 million users. The Vietnamese smart home market is also in its early stages of development and is expected to grow significantly over the forecast period.
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9.18.2023
EU-China Trade Tensions Rise Over EV Subsidies
The EU is investigating Chinese EV subsidies, concerned that they could distort the EU market and make it difficult for European automakers to compete. The investigation is expected to take up to 13 months, and the outcome is uncertain, but punitive tariffs are being considered. The EV probe will set the agenda for bilateral talks ahead of the annual China-EU Summit. The EU is expected to demand wider access to the Chinese market and a rebalancing of the trade relationship.
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9.18.2023
Malaysia Joins List of Countries Restricting Exports of Rare Metals
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9.18.2023
Vietnam Key Player in US Chip Diversification Move
The United States and Vietnam have inked a memorandum of cooperation aimed at bolstering the semiconductor ecosystem in Vietnam while supporting American industry interests. This strategic partnership between the two nations signifies Vietnam's increasing appeal as an investment destination for global semiconductor giants
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9.16.2023
Baidu Remains China Tutoring Tablet Market Leader in Q2 2023
AI-powered tutoring tablets are rapidly gaining popularity in China, driven by the increasing demand for personalized learning and the government's focus on technological innovation in the education sector. The market is expected to continue to grow in the coming years, with consumers increasingly prioritizing screen quality, performance, and content provision and Baidu remains as Tutoring Tablet Market Leader in Q2 2023.
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9.14.2023
Huawei Firmly Ranks Top 3 in the Global Ethernet Switch Market in Q2
The worldwide Ethernet switch market grew 38.4% year-over-year in the second quarter of 2023, driven by the easing of supply chain issues and strong demand from the data center segment. Huawei maintained its leading position in the market, with a revenue share of 9.0%.
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9.14.2023
TSMC's Equipment Delivery Delays and Packaging Shortages
TSMC is facing delays in equipment deliveries and shortages in advanced packaging materials. This is due to a combination of factors, including the current economic uncertainty and the high demand for TSMC's products. The delays and shortages are likely to have a knock-on effect on other chipmakers and the AI industry as a whole. Consumers and businesses should be prepared for higher prices and longer wait times for electronic products and components.
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