The MEMS market is expected to grow from US$14.5 billion in 2022 to US$20 billion in 2028, at a compound annual growth rate (CAGR) of 5%. The consumer MEMS market, which is currently the largest segment, is expected to grow at a CAGR of 4%, while the automotive market is expected to grow at a CAGR of 7%. The industrial, defense and aerospace, medical, and telecom markets are expected to grow at CAGRs of at least 5%.
Digital product passports (DPPs) are an emerging technology that has the potential to revolutionize the way we track and manage products throughout their lifecycle.
A Russian-German man has been charged with smuggling large quantities of microelectronics technology with military applications to Russia for use in that country's war in Ukraine, reports Reuters.
The Volkswagen Group is reorganising its procurement of electronic parts and semiconductors to ensure supply over the long term and to secure itself a leading position in technology as well as competitiveness, reports EETimes.
Who are the top 10 U.S. semiconductor and equipment companies that are pushing the most silicon and leading U.S. reshoring efforts?
In the early 2000s, Airbus and Boeing divested of their aerostructures businesses. This was part of a broader strategy to become aircraft integrators, writes Forbes. However, Airbus has recently reversed this move, as it now considers aerostructures as a core airplane design and manufacturing activity.
A severe drought is affecting the Panama Canal, a critical international shipping artery. The lack of abundant rainfall has led to lower water levels, and the Panama Canal Authority has imposed restrictions on vessel weights and daily traffic. The Panama Canal...
The AI chips market is currently one of the hottest sectors in the technology industry. Gartner is forecasting that semiconductors designed to execute AI workloads would represent a US$53.4 billion revenue opportunity for the entire semiconductor industry this year - a massive 20.9% increase from 2022.
Investment in equipment for semiconductor fabs is set to fall by 16% annually to US$122 billion in 2023, the first decline in four years and the largest in the past 10 years, claims Nikkei Asia.
Global factories have been increasing their output for the fourth consecutive month, while productivity in China recently hit an 11-month high after Beijing lifted COVID restrictions at the end of 2022. In the US, manufacturing figures dipped in June but seemed to be stabilising in July, according to the Institute for Supply Management’s latest Purchasing Managers’ Index (PMI).
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