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.
Sustainability gaining business importance
Consumers and governing bodies are demanding that businesses become more sustainable. The seventh edition of the EcoVadis Business Sustainability Index shows that businesses are making progress, but there is still more work to be done.
The importance of green supply chains
In today's world, businesses are increasingly under pressure to adopt sustainable practices. This is especially true when it comes to supply chains, which can have a significant impact on the environment.
SiC power component growth set for +40% growth – TrendForce
Electric vehicles and renewable energy will drive the Silicon Carbide (SiC) power device market to more than 40% growth -- equivalent to $2.28 billion in sales -- according to market intelligence firm, TrendForce.
Renewable energy transition held back by electronics shortages
The global energy crisis sparked by the war in Ukraine has underscored how parts of the renewables supply chain might face similar struggles if not quickly diversified, reports Reuters.