The NAND Flash market is set for a significant shift, as Phison's CEO, Pua Khein-Seng, predicts a shortage in the coming year. This forecast emerges amid a backdrop of production reductions by major memory chip manufacturers and a revitalising end market, leading to a...
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U.S. Government invests $3B to boost semi packaging tech
In a strategic move to bolster its position in the semiconductor industry, the U.S. Government has committed $3 billion to advance its leadership in semiconductor packaging technologies, reports The Register. This investment, part of the CHIPS for America funding,...
Uncertainty looms over German chip fab funding for Intel and TSMC
Germany's ambitious plans to become a hub for semiconductor manufacturing, involving major players like Intel and TSMC, have hit a significant roadblock following a recent ruling by the country’s Federal Constitutional Court, reports The Register. The court deemed the...
Semiconductor industry forecast: surging towards sustainable growth
In an electrifying turn of events, the semiconductor industry is poised for a robust recovery, as forecasted by the International Data Corporation (IDC). The sector, crucial to the global electronics industry, is set to witness a 20.2% growth in 2024, escalating the...
ADS blog digested – Covid-19: Government reactions to support industry
Mar 16, 2020
ADS, representing the aerospace, defence, security and space sectors, has been analysing the Government’s response to COVID-19, and what this might mean for the industry in both the short and long term. As it’s a rapidly changing situation, we’ll be checking in regularly with ADS. Their conclusions thus far:
Likelihood of recession looks stronger: UK GDP figures showed no signs of growth, almost extinguishing any hope of growth in Q1 2020. A contraction this year is now a very real possibility.
Bank of England’s has introduced timely package of measures to help UK businesses including a 0.5 reduction to the base rate, now 0.25%, and a reduction in the UK countercyclical capital buffer rate to 0% which will provide support up to £190 billion of bank lending to businesses. That is equivalent to 13 times banks’ net lending to businesses in 2019.
Industry will feel the impacts: The biggest impacts across the economy will occur when people begin significantly reducing their social consumption and changing behaviours. Any long-term impact will depend on the length of disruption to economic activity and daily life in general.
ADS is encouraging members to update them on any areas of thier business that may be impacted or disrupted in the near future – go here: https://www.adsgroup.org.uk/blog/covid-19-government-reactions-to-support-industry/
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