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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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2.21.2024
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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2.20.2024
China Leads Asia-Pacific's GenAI Charge, Doubling Investments
Asia-Pacific businesses are projected to nearly triple their spending on generative AI in 2024, reaching $3.4 billion. China leads the charge, followed closely by Australia and New Zealand. While cautious about potential impacts like AI ethics, companies see GenAI driving product development, design, and content generation.
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2.20.2024
Meizu Goes All-In on AI Ushering a New Era for Tomorrow's Devices
Meizu Technology, a renowned Chinese technology company, has announced a strategic pivot towards AI, discontinuing new traditional smartphone projects to focus entirely on AI-driven "tomorrow's devices." This decision reflects a broader trend in the smartphone industry, with other Chinese manufacturers like Honor, OPPO, and vivo also embracing AI.
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2.20.2024
China's Wearable Device Market Set to Skyrocket Surpassing $10 Billion by 2025
The wearable device market in China is experiencing rapid growth, with market research firm Shangpu Consulting Group predicting a surge from US$3.8 billion in 2022 to over US$10 billion by 2025. This growth is driven by increasing consumer demand for health-focused wearables and advancements in technology, such as smart chips and sensors, making devices more practical and multifunctional.
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2.19.2024
Revving Up for Net Zero: Can Electric Vehicles Power India's Clean Future?
India aims for Net Zero emissions by 2070, and electric vehicles (EVs) are seen as key players. EVs eliminate tailpipe emissions, but face challenges like high cost, limited charging stations, and a coal-reliant grid. To overcome these, India needs to make EVs cheaper, build more charging stations, and switch to renewable energy. With these steps, EVs can power India towards a cleaner future.
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2.19.2024
Vietnam Unveils National Semiconductor Strategy in 2024
Vietnam's Minister of Information and Communications, Nguyen Manh Hung, sees the semiconductor industry as crucial for national development, urging domestic companies like FPT to take the lead. He highlights its role in data processing and digital transformation, emphasizing Vietnam's national strategy to nurture talent and become a regional semiconductor hub by 2030.
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2.14.2024
Tata Group Charges Ahead: Semiconductor Fab & 20 GWh Battery Plant to Power Indian EV Hub in Gujarat
Tata Group is making a major push into India's electric vehicle industry by building a semiconductor fabrication plant and a massive 20 GWh battery factory in Gujarat. The new facilities, slated to begin construction this year, aim to establish Sanand, Gujarat as an EV technology hub and support India's ambition to reduce reliance on imports while accelerating the adoption of electric vehicles.
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2.14.2024
Compound Semiconductor Substrate Market Set to Reach $3.3 Billion by 2029
The compound semiconductor substrate market is poised for substantial growth, expected to reach $3.3 billion by 2029 with a 17% CAGR, according to Yole Development. Compound semiconductor technologies like SiC, GaN, and InP are driving this growth, offering superior performance over traditional silicon-based semiconductors.
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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.
