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Bloomberg: Supply constraints are driving inflation

Prices are rising all over the world at a pace that hasn’t been seen in decades, and central banks have responded by lifting rates, writes Bloomberg. And according to a Federal Bank analysis, supply factors account for more than half of the current level of inflation,...

Counterfeit components thrive in time of shortened obsolescence

An article in EPS News claims that counterfeiters are trying to cash in on demand for older parts which are going through EOL (end of life) notifications. According to the article, the problem is getting worse by the trend for shorter periods between the announcement...

Hyundai to manufacture their own automotive chips

"Take back control!" A message often used by politicians is now being heeded by Hyundai, who recently announced they will be manufacturing their own chips to secure the own supply chain as it moves into the electric vehicle industry. EVs require an estimated 500 to...

Medtech industry applauds measure to bolster U.S. chip production

Aug 1, 2022

The U.S. Senate recently passed the CHIPS (Creating Helpful Incentives to Produce Semiconductors) and Science Act to provide more than $52 billion toward semiconductor manufacturing in the U.S. over the next five years. 

Of that total, $50 billion would go toward semiconductor manufacturing, while $2 billion is earmarked specifically for producing so-called legacy chips that are often used in medical devices. 

“Any opportunity to bolster American chip semiconductor manufacturing is important, given the supply chain challenges all industries are facing – particularly the medtech industry as it strives to meet historically high demand for life-changing connected devices,” ResMed CEO Mick Farrell wrote last week, as reported here.

MedTech Europe, an industry lobby group, recently made a similar request of European regulators.

Medtech companies have been grappling with a global shortage of chips since the onset of the coronavirus pandemic in 2020. The limited supply has raised costs, forcing companies into the spot market to buy electronic components, and making it difficult for patients to get some critical devices.

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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