09 Mar 2022 -

Russia’s war on Ukraine disrupts tech industry – Business Insider

The Russian invasion of Ukraine has already had an impact on the energy and commodities markets, and the next market to take a hit is tech, says Business Insider.

“Semiconductor bottlenecks could get worse as the Ukraine crisis deepens, with 90% of U.S. semiconductor-grade neon supplies coming from Ukraine, and 45% of the world’s palladium coming from Russia.

“But the impact on the tech industry will not stop there. That’s because pre-invasion Ukraine was also a valuable, growing hub for tech talent. Tech accounts for over 4% of Ukraine’s GDP; while this is much smaller than, say, India, where the share of tech in GDP is closer to 8%, it was growing fast.

“According to one count, the country is home to over 240,000 tech specialists and more than a hundred R&D centers for international companies. The country’s small but growing blessing of unicorns include ventures such as Gitlab and Grammarly.”

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

14 Jun 2024 - Defence

Webinars for Defence, Military, and Aerospace Engineers 

Read more

12 Jun 2024 - General

Electronics industry surges forward into 2025

Read more

07 Jun 2024 - General

Nvidia’s dominates – for now. A look at alternatives.

Read more

06 Jun 2024 - General

The CHIPS Act’s $39 billion challenge: building Fabs is easy, finding talent is not

Read more

05 Jun 2024 - Defence

New Events Series for Defence, Military, and Aerospace Engineers 

Read more

04 Jun 2024 - General

What is Taiwan’s Silicon Shield, and is it so tough?

Read more