“It’s clear that chip shortages have a firm grip on the world, causing supply chains to be stretched to their absolute limits,” began Luc van den Hove, president and CEO of semiconductor research institute IMEC, in this article for EENews Europe.
“Not surprisingly, everyone is looking at the semiconductor industry to sort things out and to prevent such crunch from ever happening again.”
“Some fear that the implementation of the Chips Acts might be at the basis of a total disruption of the semiconductor market. But that is not how I see things,” he said. “Don’t take the route of protectionism, as this will only slow all of us down. Instead, the real way out can be found in strengthening and connecting the semiconductor industry’s existing strengths.”
He concluded, “If the coronavirus pandemic has taught us one thing, it is that panic does not get us anywhere.”
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For more help with looking at supply chain options, contact Astute Electronics