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COVID-19 Impact Updates | Event | Industry News | Supply Chain
List of China’s Factories Impacted By COVID-19 Surge
April 21, 2022 – Global concern continues to mount as COVID-19 spreads across China and city lockdowns shutdown factories. Production out of China has come grinding to a halt. Due to China’s Zero-COVID policy, factories and manufacturing hubs have been shut down, stranding ships in port…
Event | Industry News | Supply Chain
Japanese Earthquake Cripples Manufacturing
April 8, 2022 – On March 16th, a 7.4 magnitude earthquake struck off the northeast coast of Japan in Fukushima, leaving thousands without power. This deadly earthquake caused over 225 casualties and halted major business and infrastructure systems such as railroad transportation and manufacturing plants….
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Russian Technology Sector Targeted by US Sanctions
April 8, 2022 – The U.S. Department of Treasury recently issued a new round of sanctions on the Russian Federation in response to its invasion of Ukraine, this time targeting the Russian technology sector. This new round of sanctions targets 21 business entities and 13…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Russian Gold & Silver Banned from Global Markets
March 29, 2022 – Russian gold and silver refineries have been banned from the largest global trading markets in gold and silver. The London Bullion Market Association (LBMA) and the Chicago Merchantile Exchange (CME) have both announced a suspension on Russian gold and silver from…
COVID-19 Impact Updates | Event | Industry News
China’s Zero Covid Policy Continues to Impact Manufacturing
March 24, 2022 – China’s zero-COVID policy is continuing to have a substantial impact on the production efforts of key manufacturers in the general electronics and automotive part industries. This policy has forced shutdowns in the critical manufacturing hubs of Shenzhen and Changchun. On top…
Industry News | Regulation and Compliance updates
Oeko Final RoHS Exemptions Report (Pack 24)
March 23, 2022 – The Oeko-Institut has recently published a final report studying the renewal requests of eight (8) exemptions: 5(b), 18(b), 18(b)-I, 24, 29, 32 and 34 of Annex III and 34 of Annex IV of Directive 2011/65/EU (Pack 24). These studies and recommendations…
Industry News | Supply Chain | Ukraine/Russia Conflict
Ukraine Invasion Results in Raw Materials Price Surge
March 11, 2022 – The price of multiple raw materials, including Crude Oil, Palladium, Nickel, Aluminum, and Copper have skyrocketed to the highest they’ve been in the past decade as a result of Russia’s invasion of Ukraine. Russia and Ukraine have a dominant position in the…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Electronics Chipmakers Cut Ties With Russia
March 9, 2022 – Global chipmaking companies, including the giant Taiwan Semiconductor Manufacturing Company, have begun to sever ties with Russia. The United States and several of its allies have announced sanctions on Russia with the goal of limiting their military advancements by putting a…
Event | Industry News | Regulation and Compliance updates
U.S. EPA Extends PIP (3:1) Compliance Deadline
March 9, 2022 – The U.S. Environmental Protection Agency (EPA) extended the compliance dates for PIP (3:1) to October 31, 2024. The EPA initially planned to have a full understanding of the impact of the prohibition prior to issuing the January 2021 final rule, however, that…
Intel to Acquire Tower Semiconductor for $5.4 Billion
March 7, 2022 – Intel Corporation has announced its acquisition of Tower Semiconductor, a leading foundry for analog semiconductor solutions, for $53 per share in cash. This acquisition represents a total enterprise value of approximately $5.4 billion. With an unprecedented global shortage across the chipmaking…