Conflict Minerals Compliance | Product Updates | Regulation and Compliance updates
Stay Informed, Stay Compliant
The challenge posed by environmental regulations is that standards evolve continuously. Navigating these environmental regulations requires meticulous research, record-keeping and vigilance. Why Compliance is Important? Compliance law materialized to create parity in the marketplace and provide consumers a sense of security. Compliance enables enterprises…
Conflict Minerals Compliance | Regulation and Compliance updates
CMRT 6.1 Available for Download
On April 28, 2021, the Responsible Minerals Initiative (also referred to as RMI) released their latest version of the Conflict Minerals template, CMRT 6.1. CMRT 6.1 – What’s New? Corrections to bugs and errors Updated Smelter Reference List and Standard Smelter List Translation Improvements…
Skyworks to Acquire The Infrastructure & Automotive Business of Silicon Labs
On April 22, 2021 Skyworks Solutions, Inc. announced that it has entered into a definitive agreement with Silicon Laboratories Inc. to acquire the Infrastructure & Automotive business of Silicon Labs in an all-cash asset transaction of $ 2.75 billion US dollars. This acquisition has been…
TSMC Plant Hit by Temporary Power Outage
On April 14, 2021 the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC), reported a seven-hour power outage at their Tainan Science Park plant. TSMC reports that this power outage directly impacted the production of their 40-nanometer chips. TSMC facilities include four 12-inch wafer…
AMETEK Announces Agreement to Acquire Abaco Systems
On March 22, 2021 AMETEK, Inc. announced that it has entered into a definitive agreement to acquire Abaco Systems, Inc., a leading provider of mission critical embedded computing systems, from Veritas Capital in an all-cash transaction valued at $1.35 billion. The transaction is subject to…
Fire Hits PANJIT International Semiconductor Manufacturing Factory
Taiwanese semiconductor manufacturer PANJIT International’s Gangshan fab was hit by a fire on March 29, 2021. All employees were evacuated safely. The fire was put out shortly thereafter. The company stated that the location of the fire was in the electrical room on the top…
Suez Canal Blocked by Giant ‘Evergreen’ Container Ship for Six Days
An ultra-large container ship operated by Evergreen ran aground on the Suez Canal on Tuesday, March 23. This container ship as since blocked traffic on one of the world’s most important waterways, Egypt’s “Suez Canal”. Located 75 miles east of Cairo, the canal links the Mediterranean…
Fire Halts Production for Chipmaker Renesas
Renesas Electronics Corp., one of the biggest makers of automotive chips, reports a fire at its Naka factory has temporarily halted all production. The fire occurred at the Renesas Naka factory (located in Hitachinaka, Ibaraki Prefecture) on March 19, 2021, at 2:47 am in their…
Regulation and Compliance updates
EPA Delays PIP (3:1) Enforcement up to 180 Days
In March 2021, the EPA announced a 60-day public comment period to collect additional input on five final rules for persistent, bio accumulative and toxic (PBT) chemicals issued January 6, 2021 under the Toxic Substances Control Act (TSCA). The EPA is issuing a temporary 180-day…
Regulation and Compliance updates
Resilience of a Global Supply Chain Requires Compliance Measures To Mitigate Regulatory Risk
Risk is inherent in every company’s global supply chain. Risks to seriously consider include, but are not limited to: export controls and sanctions, environmental, social and governance compliance requirements, labor laws, and health and safety laws. What Compliance Considerations Exist Today? The two most…