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Counterfeiting is big business – Source Today

With realities like the global chip shortage prompting more “bad actors” to develop unapproved reproductions or copies of the real thing, the companies that make anti-counterfeit and tamper-proof packaging are continually developing new ways to combat these crimes,...

NAND and DRAM are set to hit new revenue records

Market research and strategy consulting company, Yole Développement, says that despite the numerous global challenges, the memory market will grow to over USD 260 billion in 2027. “Amid trade-war tensions and the COVID-19 pandemic, the stand-alone memory market has...

Component prices increase 5-40%; lead times extend to 12 months

Electronic component prices are on the rise, with one chipmaker increasing prices between 5 percent and 40 percent in the past quarter, reports EPS News. More tech companies mentioned “pricing” during their Q1 earnings calls than any other sector, including consumer...

Interpol: Counterfeiting goods is ‘booming sector’

Apr 17, 2020

Counterfeit goods are a booming sector and a special interest for organised crime groups, says Europol Director, Catherine de Bolle.

“What we see, organised crime groups use the opportunity (created by the coronavirus andemic) because they use the fear of the people,” says Bolle in a video for Deutsche Welle (DW), Germany’s international broadcaster. The criminals advertise what they call miracle drugs against the virus, or sell poorly produced protective masks, for enormous profit.

Examples of counterfeited goods are now everywhere. Last week U.S. Customs and Border Protection announced they seized 19 packages from Hong Kong, two from China and one each from Taiwan and Singapore worth more than $51,000 including counterfeit electronic devices such as HDMI switches, Apple  AirPods and Nitendo gaming system look-a-likes.

Astute Electronics is run in accordance with quality processes including AS6081 that mitigates the risks of purchasing and supplying fraudulent/counterfeit electronic parts. For complete peace of mind, Astute offers the ACAP (Astute Counterfeit Avoidance Programme) whereby parts obtained through non-traceable routes are subjected to rigorous destructive and non-destructive testing. More information on counterfeit mitigation