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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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3.25.2024
Zhejiang University Develops Lithium Battery for Extreme Cold Environments
Researchers in China have created a ground-breaking lithium battery capable of operating in freezing conditions as low as -80°C. This innovation addresses a critical issue for electric vehicles, as conventional batteries often struggle with power loss and slow charging in extreme cold. The new battery features a unique electrolyte that enables efficient lithium-ion flow at extremely low temperatures.
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3.25.2024
Expanding Solar Energy Across Unexpected Landscapes
Solar power is emerging as the predominant electricity source globally, driven by innovative installation methods. Creative approaches, such as solar canopies in parking lots and for EV charging, repurposed landfills, and floating farms on bodies of water, are enhancing efficiency, reducing environmental impact, and integrating art installations. These solutions demonstrate solar energy's versatility, cleanliness, and community-oriented nature.
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3.25.2024
Semiconductor Industry Sees Strong Recovery in 2024
The semiconductor sector is rebounding from recent challenges, experiencing an uptick in electronics and integrated circuit (IC) sales. Projections suggest this upward trajectory will persist in 2024, with analysts anticipating robust growth in IC sales. Manufacturing investment is also increasing, surpassing initial estimates for spending on chip fabrication equipment. While minor slowdowns may occur, the industry appears poised for a substantial recovery in 2024.
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3.20.2024
India's Investing in Semiconductor FAB Units for Supply Chain Resilience
India is diversifying its economy by investing heavily in the semiconductor industry, aiming to establish itself in the global supply chain with $10 billion investment for the development of 'FAB units' for chip manufacturing.
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3.20.2024
India Powers Up Domestic Chip Industry with First Futurelabs Center
India has launched its first Futurelabs center at C-DAC Thiruvananthapuram, led by Minister Rajeev Chandrasekhar, to foster a robust ecosystem for semiconductor chip systems within India, focusing on design, manufacturing, and research. The center will provide resources and training for engineers and startups to develop customized chips, reducing dependence on imports with collaborations with major industry players like NXP, Tenstorrent, and Qualcomm signal growing momentum in India's chip sector.
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3.20.2024
Foxconn Forecasts Strong Revenue Growth Driven by AI Server Demand
Foxconn, an Apple supplier, expects a significant revenue boost from high demand for AI servers, following a 33% profit surge in Q4. Chairman Young Liu anticipates over 40% revenue growth in the AI server business, aligned with the market's 30% annual growth. Despite projecting strong 2024 growth, Foxconn warns of lower Q1 revenue due to a prior year's post-lockdown sales spike in China. The company also plans to match or exceed 2023's 14% capital expenditure growth, focusing on diversification into electric vehicles and semiconductors.n
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3.19.2024
Malaysia Emerges as Global Semiconductor Hub Amidst US-China Trade Tensions
Over the past 18 months, Malaysia has attracted significant investments from semiconductor companies like Micron, Intel, and AMS Osram to diversify their supply chains and mitigate risks from geopolitical uncertainties. Malaysia's focus on moving up the value chain by venturing into higher-value activities like wafer fabrication and integrated circuit design has led to a surge in foreign direct investment, reaching RM60.1 billion in 2023.
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3.19.2024
China's Lithium Industry Faces Slowdown as EV Prices Plunge
Chinese lithium mining sector is facing a significant slowdown due to a sharp decline in lithium prices, driven by softening global demand for electric vehicles. This downturn has led to production shutdowns and job cuts worldwide, prompting a re-evaluation of production growth strategies within China. Industry forecasts for China's lithium output growth have been revised downwards, but there remains optimism about the sector's long-term prospects.
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3.18.2024
Trends and Forecasts for Smart Home Devices
Discover the latest trends and forecasts in the world of smart home devices with TechInsights' recent report revealing growth of IoT devices in smart homes over the last five years, with a projected doubling again in the next five years.
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3.18.2024
How America's Fast-Food Chains Are Supercharging Efficiency
American fast-food chains are set to revolutionize their operations to enhance efficiency and customer satisfaction. From embracing digital transformations to reimagining store formats, these industry giants are setting new standards in quick service restaurant (QSR) efficiency.
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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.
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