The global PCB market is expected to contract by 5.2% in 2023, but the automotive PCB market is bucking the trend and is projected to grow by 14%. This growth is being driven by the increasing adoption of electric vehicles (EVs) and the rising popularity of autonomous driving technology.
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Automotive suppliers face down another difficult year as industry macro conditions remain volatile and growing electric vehicle (EV) volumes add significant operational complexity, reports consultants Alvarez & Marsal (A&M).
Semiconductor Intelligence President, Bill Jewell, believes that it will take time to alleviate the shortage of automotive semiconductors, and the supply chain tension will continue until 2023.
ASE (Advanced Semiconductor Engineering) are among those have secured orders for automotive MCU back-end outsourcing for the next two quarters from international IDM (Integrated device manufacturer) companies, according to sources. Examples of IDMs are Intel, Samsung, and Texas Instruments.
Auto firms launching record number of new models amid continuing supply chain concerns. While the demand outlook is strong, the supply-side challenges continue on account of parts shortages