The Anti-Counterfeiting Forum will be co-hosting the Counterfeit Electronics and Materials Symposium at the Manufacturing Technology Centre in Coventry, UK, on 14-15 March 2023 alongside the U.S. electronics bodies, SMTA and CALCE. The event will focus on current...
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Industrial sensor sales remain strong
Sales of semiconductor sensors are expected to continue to achieve double-digit YOY growth, driven by the popularity of smart embedded controls and rising sales prices due to semiconductor shortages, reports IC Insights. Tight supplies and shortages of sensors for...
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As OEMs continue to struggle to secure essential components, engineering teams are being asked to consider component sourcing when developing the next generation of their products, reports EPS News. A recent survey found a majority – 74 percent – of global companies...
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The IC market is expected to rebound in 2Q23 after a short bottoming out, reports IC Insights. "Given that the IC industry has never registered a four-quarter sequential IC market decline, expectations are high for a return to IC market growth beginning in 2Q23....
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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For more help with looking at supply chain options, contact Astute Electronics