21 Jan 2022 -

IMEC chief – Fastest route out of the shortage is to avoid protectionism

“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.”

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.

For more help with looking at supply chain options, contact Astute Electronics

Related News

10 Jul 2024 - General

Counterfeit GPUs on the Rise: A Growing Concern for the Electronics Industry

Read more

09 Jul 2024 - General

DRAM Prices Skyrocket Amidst AI Boom and Production Shifts: A Deep Dive into the Memory Market

Read more

08 Jul 2024 - General

US Government Invests in Semiconductor Workforce to Combat Looming Talent Crisis, But Challenges Remain

Read more

07 Jul 2024 - General

Semiconductor Manufacturing Equipment Sales Expected to Explode

Read more

05 Jul 2024 - General

US attracting ‘insane’ money into building chip manufacturing

Read more

04 Jul 2024 - General

Vietnam: caught in the crossfire of US-China tech rivalry

Read more