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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
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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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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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.
