US bets heavily on subsidies to rebuild semiconductor industry
The US government is embarking on a historic intervention in the global semiconductor industry. The CHIPS and Science Act has already resulted in major funding for Intel and TSMC, and now Samsung is poised to receive up to $6.4 billion in subsidies to boost its US manufacturing footprint. This unprecedented financial commitment reflects both a desire to secure America's position as a technological leader and growing geopolitical concerns about reliance on overseas suppliers.
Slovakia greenlights €267m aid for Volvo EV plant
Slovakia has secured EU approval for a €267 million investment to support Volvo Cars' new electric vehicle plant in the country. The Commission's decision underscores the EU's focus on fostering both regional economic development and the transition to a net-zero emissions economy.
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EV push collides with supply chain realities
The aggressive push for electric vehicles (EVs) in the US is slamming into a harsh reality: critical supply chains controlled by China pose major risks to both the auto industry and consumers, writes Larry Bell, on Newsmax.
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Revolutionising automotive imaging: new strides in HDR technology
In the world of automotive electronics, a revolutionary step is being taken to address the challenges faced by high-dynamic-range (HDR) imaging.
Hyundai and Kia secure future with Infineon’s SiC chips
In a significant move, Hyundai and Kia have secured their future semiconductor needs by inking a deal with Infineon, a major player in the chip industry. This agreement, lasting until 2030, specifically focuses on silicon carbide (SiC) and silicon power semiconductors, reflecting the growing importance of these components in the automotive sector.
Cruise recall reveals safety challenges for driverless cars
Cruise, a division of General Motors (GM) dedicated to self-driving cars, is recalling 950 driverless vehicles across the United States, a move that underscores the ongoing challenges in the autonomous vehicle sector, particularly relevant to the electronics industry. This decision follows a serious incident involving a Cruise robotaxi and signals potential further recalls.
Tackling the talent shortage: India’s electric vehicle drive
India's automotive sector is racing ahead in electric vehicle (EV) production, but according to LiveMint a significant talent gap is causing a flurry of headhunting within the industry. As companies rapidly adopt strategies ranging from hiring international experts to developing in-house EV-focused training programmes, the big question is: can they keep pace with the booming demand?
Driving into the future: 2024’s automotive electronics
Recent years have witnessed the automotive sector transforming at a pace like never before, with electronics playing a central role in this metamorphosis. As we drive towards 2024, we arrive at the horizon of even more significant technological leaps. But these exciting frontiers also bring forth a slew of challenges that the industry needs to address.
Automative chip shortage improving but still under pressure
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Automotive PCB market set to grow 14%
The global PCB market is expected to contract by 5.2% in 2023, but the automotive PCB market is bucking the trend and is projected to grow by 14%. This growth is being driven by the increasing adoption of electric vehicles (EVs) and the rising popularity of autonomous driving technology.
Automakers venture into chip design to secure future supply
To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.
Canadian car buyer told it’s ‘8 year wait’ for plug-in
Just as it did for nearly every facet of the global economy, the pandemic plunged Canada's new car market into upheaval, throwing supply and demand completely out of whack, reports the Canadian news channel CBC.
JP Morgan – What’s next for the auto industry?
“2023 should mark a strong earnings year for the industry, with less volatile raw material costs and a more stable supply chain,” writes Jose Asumendi, Head of European Automotive Research for JP Morgan. “Raw material headwinds will slow, eventually providing a tailwind sometime in the second half of 2023. Overall, we predict a strong year for the autos sector, with global car production up 3% year-over-year.”
Automotive chip shortage halts 90,000 new vehicles
The automotive microchip shortage continues to have a major impact on the automotive industry.
US car production cuts increase as chip shortage and supply chain issues persist
Automotive suppliers face down another difficult year as industry macro conditions remain volatile and growing electric vehicle (EV) volumes add significant operational complexity, reports consultants Alvarez & Marsal (A&M).
Automotive: ‘long and difficult road’ to semiconductor equilibrium
To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.
FT: Carmakers to suffer chip shortages until at least end of 2023
According to the Financial Times, the global car industry will suffer semiconductor shortages next year as the switch to electric vehicles accelerates.
Automotive supply chain: Chips may remain in short supply until 2024
The shortage of automotive chips is unlikely to be completely resolved before 2024, reports DigitTimes, as the rapid growth in demand continues to outstrip supply.
Auto chips: ICs in robust demand with no oversupply concerns
Analog IC chips continue to be stuck in a tight supply situation and will continue to affect the automotive industry, according to Hidetoshi Shibata, CEO of semiconductor manufacturer Renesas, reported by Digitimes.