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Chipmakers Invest Billions to Expand Semiconductor Capacity
Chipmakers struggled to keep up with increased demand while being hit by multiple supply chain disruptors: COVID-19, the Russia/Ukraine Conflict and global lockdowns in China and abroad. In order to find a solution to the shortages, chipmakers are looking at investment opportunities and business expansions. …
COVID-19 Impact Updates | Industry News | Supply Chain
Shanghai Business Returns after Two Months of COVID Lockdown
June 25, 2022 – June 1st, 2022, Shanghai ended two months of total COVID-19 lockdown. Shops have reopened and people are allowed back into offices, parks and public areas. Over 25 million residents are now free to resume life and work operations as before. Foreign…
COVID-19 Impact Updates | Industry News | Supply Chain
ELM Electronics, OBD-II Chip Maker, Shuts Doors
June 24, 2022 – After more than 24 years of business, ELM Electronics is set to close its doors on June 30, 2022. ELM Electronics has been a part of the electronics and integrated circuits industry since its founding in 1998. They manufacture a wide…
Supply Chain | Ukraine/Russia Conflict
Ukraine Pauses All Exports of Gas & Coal
June 23, 2022 – Ukraine has announced a suspension of all exports of natural gas, coal and oil as a result of Russia’s invasion of Ukraine. In a statement released by Ukrainian President Vladimir Zelensky, the suspension of these commodities come in anticipation of a…
Industry News | Supply Chain | Ukraine/Russia Conflict
Taiwan Bans the Supply of Chips to Russia
June 9, 2022 – Taiwan has imposed a ban on the sale of modern chips to Russia and Belarus, the latest round of sanctions in response to the invasion of Ukraine. This ban rules out all modern technology, including microcontrollers for most electronic devices. Taiwan…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
UK Sanctions Target Russia Precious Metals
May 27, 2022 – The United Kingdom announced a 35% tariff on all platinum and palladium imports from Russia and Belarus, targeting over £1.7 billion of trade. This new round of sanctions is intended to put increased pressure on Russia and further weaken the military…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Russia Suspends Finland’s Gas Supply
May 26, 2022 – Russia has terminated gas supplies to Finland, the third country to be boycotted by Russian gas giant Gazprom to-date, after the country refused to make its payment in the Russian Ruble. TIP: Check out our Live Updates Blog to get current news…
COVID-19 Impact Updates | Industry News | Supply Chain
Grim Production Forecasts from China’s COVID-19 Lockdown
May 23, 2022 – After more than 6 weeks of strict lockdowns, China’s drop in industrial production and retail sales is far worse than what analysts have predicted. Worst Economic Fallout Since February 2020 The economic contraction is the worst felt in China since…
Industry News | Regulation and Compliance updates | Supply Chain
3M Factory Shutdown Could Rock Global Electronics Market
Chipmakers use a semiconductor-grade PFAS as a coolant during chip etching – and 80% of that came from a single 3M plant in Belgium. May 11, 2022 – Global chipmakers are facing a major issue with the shutdown of a 3M Company factory that produces…
Industry News | Supply Chain | Ukraine/Russia Conflict
Poland & Bulgaria cut off from Russian gas
Gas dependency in Europe could cause disruptions in factory production May 10, 2022 – Russia will halt gas supplies to Poland and Bulgaria after the two countries refused to pay for supplies in the Russian ruble. Both countries receive a substantial amount of their domestic…