India says it can become the world's largest semiconductor manufacturing location in the next 4-5 years, "if you have the right ecosystem in place", according to Ashwini Vaishnaw, Minister of India's Electronics and Information Technology Union. “We know for sure that...
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Why isn’t chip supply back up to speed?
Feb 22, 2023
EPS asks, and answers, the question of why the semiconductor supply chain is taking longer than expected to rebound.
The main reason is that electronic component needs have not decreased. “In general, the need for a healthy and productive global semiconductor supply chain has remained the same.” Although the overall demand has decreased and people tend to be buying less, industries like farm equipment and agriculture, modern computing, general lighting, and capital equipment still need the parts and materials to continue manufacturing.
“The hope is that collective actions now will help support the global semiconductor supply chain in the near future. Modern technologies are helping to speed up and optimize operations. New factories and manufacturing plants are helping to boost output. Mines and materials sourcing operations are back in action, wheels turning maybe even faster than they were pre-pandemic.”
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