Electronic Supply – Radio Tube Supply http://radiotubesupply.com/ Mon, 21 Nov 2022 06:03:03 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://radiotubesupply.com/wp-content/uploads/2021/07/icon-6-150x150.png Electronic Supply – Radio Tube Supply http://radiotubesupply.com/ 32 32 FAIRMAT Announces €34 Million Series A Funding Round to Make Recycling of Advanced Materials Easier and More Sustainable Through Robotic Technologies https://radiotubesupply.com/fairmat-announces-e34-million-series-a-funding-round-to-make-recycling-of-advanced-materials-easier-and-more-sustainable-through-robotic-technologies/ Mon, 21 Nov 2022 05:30:00 +0000 https://radiotubesupply.com/fairmat-announces-e34-million-series-a-funding-round-to-make-recycling-of-advanced-materials-easier-and-more-sustainable-through-robotic-technologies/ ParisFairmat, a sustainability-based deep tech startup, has completed a €34m Series A funding round, co-led by Temasek and CNP, with participation from Pictet Group, Singular, The Friedkin Group International and other partners. With this investment, Fairmat aims to become a key player in the circular economy, making a technological evolutionary leap in the recycling of […]]]>
  • ParisFairmat, a sustainability-based deep tech startup, has completed a €34m Series A funding round, co-led by Temasek and CNP, with participation from Pictet Group, Singular, The Friedkin Group International and other partners.
  • With this investment, Fairmat aims to become a key player in the circular economy, making a technological evolutionary leap in the recycling of advanced materials.
  • The company’s plans for the funds include accelerating the deployment of its robotic industrial capabilities to recycle carbon fiber composites, international expansion and entering new vertical markets with its sustainability solutions.

PARIS, November 21, 2022 /PRNewswire/ — Fairmatthe ParisThe sustainable deep tech start-up and pioneer in the recycling of advanced materials, announced today that it has completed its Series A funding round for a total of €34 million, one of the largest rounds ever. Series A for a deep tech startup in both France and Europe as a whole this year.

This oversubscribed financing transaction was co-led by Singapore investment company, Temasek and the Belgian group Compagnie Nationale à Valeur (NOC/Groupe Frère), and with the participation of a group of investors, including an original seed financing venture capital Singularwealth and asset managers based in Switzerland, Pictet Groupand The Friedkin International Groupthe London-the investment arm of an American consortium of automotive, hospitality, entertainment, sports and adventure companies. Prominent business angels like the CEO of Danone, Antoine de Saint-Affrique, other CEOs and founders of successful technology startups also joined this round.

Recycling advanced materials like carbon fiber composite is one of the strongest actions we can take to accelerate the decarbonization of manufacturing,” said Ben Saada, CEO of Fairmat. “Today, we are thrilled to see our vision for a new generation of materials come to life as we ramp up our production and expand our international development.

In the two years since its creation, FAIRMAT has made remarkable progress: securing more than 35% of Europe’s scrap metal supply, commercial interest in its products, opening its first factory and building a team to match its aspirations.

The company will use the funds to accelerate the deployment of its robotic industrial capabilities, including the ramp-up of its newly inaugurated automated sorting plant, which will house more than 100 robots and will be able to process up to 3,500 metric tons. of scrap per year. In addition, the company will expand internationally into new markets, starting with United States in 2023 and Spain, Germany, a little after. As part of this expansion, Fairmat will also grow its global team from 80 in 2022 to 400 by 2025, seeking to recruit top talent in robotics and data science.

Entering new verticals is also part of the plan, as Fairmat seeks to leverage its Materials business unit for greater sustainability impact in sectors as broad as consumer electronics, mobility, sports and recreation.

Fairmat’s solution is consistent with current environmental priorities (life cycle analysis achievements, ESG roadmap and certification targets). This investment will help ensure that the deep tech startup becomes a key technology player in Europe circular economy landscape – and beyond.

In line with the principle of equity that Fairmat has placed at the heart of its mission, the company has also chosen to receive participation from Phiture: the first 100% non-profit technology investment fund launched by Raising Sherpas. At the heart of its model, all the income generated will be redistributed for the benefit of projects working for the common good, responding to three challenges: environmental protection, entrepreneurship for vulnerable groups and job creation. “We are convinced that through our investment in Fairmat, the company and the success of its mission will play a vital role in reducing inequalities and promoting sustainable development,“said Noé Gersanois, co-manager of Raise Sherpas.

The new investment brings FAIRMAT’s total funding to date to €44 million after a funding round in September last year.

Fairmat developed its breakthrough technology and new materials quickly and with greater capital efficiency thanks to the team’s immense ingenuity in robotics and materials research science. Their approach is a fundamental game-changer on a large scale and aligns with CNP’s ambition to support champions of sustainable growth,” said Benoit Robertzassociated with CNP.

This investment is a clear sign of investor confidence in the growing need for decarbonization solutions, and we believe Fairmat is well positioned to become a global leader in the technology transition to a more sustainable approach to manufacturing. The company’s outstanding team demonstrated how so-called cutting-edge technology bottlenecks can be overcome at record speed,” said Raffi Kamberco-founder of Singular.

The use cases for carbon fiber composite in the automotive industry are numerous. Fairmat will fill a gap in the supply chain of sustainably produced advanced materials. We want be part of this journey and help Fairmat grow in the UNITED STATES.” said Danny FriedkinDirector of the Friedkin Group International.

Media contacts:
FAIRMAT: Alexandra Pelissero // [email protected]
USA: Khloé Lewis // 1 (351) 218-3602 // [email protected]
Europe: Margaux Arranger // +33 6 98 62 11 56 // [email protected]

About Fairmat

Founded in 2020 by Benjamin Saada, FAIRMAT is a French deep tech company aiming to revolutionize the recycling of carbon fiber composites. FAIRMAT creates a more sustainable future for composites and manufacturing through a virtuous recycling process through its disruptive technology. With 3.8kg of CO2e per kilo of material produced, Fairmat Quest, our core product, is one of the highest performing and sustainable materials available for the circular economy.
More information on www.fairmat.tech

About CNP

CNP is an investment company founded by Mr. Albert Frère and controlled exclusively by the Frère family. CNP invests its permanent capital for the control or co-control of European industry leaders and acts as an active partner to stimulate the creation of sustainable value alongside the founders, the management and the families with which it associates . CNP manages net assets of approximately 3 billion euros.
For more information on CNP, please visit www.cnp.be

About the Pictet Group

Pictet is a partnership of eight owner-managers. The Group’s principles of succession and transfer of ownership have remained unchanged since its creation in 1805. It exclusively offers wealth management, asset management, alternative investments and other wealth services. The Group does not engage in investment banking and does not provide commercial loans. With €613 billion ($600 billion / CHF 591 billion / £538 billion) in assets under management or in custody at September 30, 2022Pictet is today one of the leaders Europeindependent wealth and asset managers.

The Group is headquartered in Geneva, where its activities began, and employs more than 5,000 people. With 30 offices, it is also present in: amsterdam, Barcelona, Basel, Brussels, dubai, Frankfurt, Geneva, hong kongLausanne, London, Luxemburg, Madrid, Milano, monaco, Montreal, Munich, Nassau, NY, Osaka, Paris, Rome, Singapore, Shanghai, stuttgart, taipei, Tel Aviv, Tokyo, TorinoVerona and Zürich.

About RAISE Sherpa

RAISE Sherpas is the 1st philanthropic acceleration program dedicated to startups from Seed to Series B. We have supported and financed more than 450 companies since 2015 and recently launched Phiture (www.raise-sherpas.co), the leading non-profit technology investment fund. RAISE Sherpas is part of RAISE Group which is based on a financing mechanism combining profitability and generosity since the investment teams donate 50% of their profit-sharing to finance us. This pioneering mechanism in France allows the creation of a virtuous ecosystem, associating large groups and institutional shareholders, ETIs and start-ups. RAISE Sherpas has a budget of €60m and a team of 10 people entirely dedicated to startups.

About the singular

Singular is a European venture capital firm that partners with remarkable founders building transformative businesses. We take a highly collaborative approach and are committed to delivering tangible value to them, from their earliest moments through all stages of their growth. We help the most innovative entrepreneurs realize their potential, working side by side to create the conditions for global success.

About Temasek

Temasek is an investment company with a net portfolio value of 403 billion Singapore dollars (€268bn) at March 31, 2022. Based at Singapore, we have 12 offices in 8 countries around the world. Our purpose “For every generation to prosper” guides us to make a difference for the generations of today and tomorrow. Our Temasek Charter defines our three roles as an investor, institution and steward, and shapes our philosophy to do well, do well and do good. Sustainability is at the heart of everything we do. We are committed to catalyzing solutions to global challenges and activating capital – financial, human, social and natural – to create a better and more inclusive world for all. For more information about Temasek, please visit www.temasek.com.sg

About the Friedkin International Group

The Friedkin Group International (TFGI) is the partnership-led investment arm of the Friedkin Group. We combine international talent with US markets and take a value-added approach with our portfolio companies. The Friedkin Group is a private consortium of automotive, hospitality, entertainment, sports and adventure companies. These organizations include: Gulf States Toyota, GSFSGroup, US AutoLogistics, Ascent Automotive Group, Auberge Resorts Collection, AS Roma, Imperative Entertainment, 30WEST, NEON, Diamond Creek Golf Club, Congaree and Legendary Expeditions. The Friedkin Group is headed by the Chairman and CEO Dan Friedkin. The TFGI team is based in London. For more information, visit https://www.friedkin.com/the-friedkin-group-international

SOURCEFairmat

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3LAU’s Royal Debuts Marketplace to Bring NFT Music to the Masses https://radiotubesupply.com/3laus-royal-debuts-marketplace-to-bring-nft-music-to-the-masses/ Thu, 17 Nov 2022 17:59:02 +0000 https://radiotubesupply.com/3laus-royal-debuts-marketplace-to-bring-nft-music-to-the-masses/ Royalone of the biggest names in the burgeoning music NFT space, has finally launched its long-promised marketplace for fractional music royalty rights. Started by electronic musician and entrepreneur Justin “3LAU” Blau and Opendoor founder JD Ross, Royal has elevated $16 million in its seed funding round in August 2021. Last November, the Web3 the music […]]]>

Royalone of the biggest names in the burgeoning music NFT space, has finally launched its long-promised marketplace for fractional music royalty rights.

Started by electronic musician and entrepreneur Justin “3LAU” Blau and Opendoor founder JD Ross, Royal has elevated $16 million in its seed funding round in August 2021. Last November, the Web3 the music startup raised another $55 million with funding from Andreessen Horowitz, Coinbase Ventures, and Paradigm, as well as popular musicians like Nas and The Chainsmokers.

With this capital, says Blau Decrypt this Royal has spent the last year developing its browser NFT marketplace, where users can now discover new artists, trade Royal NFTs, and see detailed stats for each asset.

Market Royal pulls auction data and purchase history from the leading global NFT marketplace, OpenSea, and its dashboard aggregates streaming data from Spotify, Apple Music, Amazon Prime Music, Tidal and SoundCloud Premium.

Since he started releasing NFTs, Royal has dropped music with heavy hitters like Diplo, Nas, The Chainsmokers, Vérité, Elephante and 3LAU himself. As part of today’s market launch, Royal is releasing a new release featuring electronic musicians Bingo players and Zookëper.

Each Royal NFT offers buyers a split share of royalty payments when artists’ songs hit streaming services. Earlier this month, Royal announced that its partner artists had paid more than $100,000 in royalties over more than 9,200 NFT collectors since launch.

This milestone shows that collection royalties, while currently modest, can be a real incentive for fans to purchase NFTs from their favorite musicians. The percentage varies by artist and/or song, but it allows fans to invest in artists while betting on their future success.

While holders won’t immediately get back what they paid for each Royal NFT, there are potential benefits for long-term collectors depending on which artist(s) they support. Royal NFTs aren’t just about music rights and royalties — some NFTs are eligible for real-world bonus benefits, like access to meetups or listening parties.

Who is it for ?

Royal’s marketplace is jumping into an NFT space that already has many established platforms for buying and selling digital assets, though many are broadly designed and don’t focus specifically on music. There are also many Web3 music platforms competing for users’ attention, such as Audius and Our song (Blau is an Audius advisor).

Even with so many other NFT platforms in the space, Blau said there’s a need for a dedicated platform that can onboard new users, as Royal isn’t targeting Web3 natives.

The market also has new wallet features. Image: Royal.io

“The reason we built ours is because we felt a lot of music fans don’t know how to set up a walletBlau said. Decrypt. “We basically implemented a way for everyone to pay and exchange dollars. So if you have never used crypto before and are signing up to Royal, we are generating a wallet for you. You can deposit USDC in this wallet from your bank account. You never have to see Ethereum if you do not want.

Royal Market Leverages Ethereum Sidechain Polygonfor its NFT assets, but does not view self-custodial crypto wallets or ETH management as a required part of the Web3 experience. Royal simply wants to leverage the concept of blockchain-verifiable ownership while generalizing it.

“We had to build a bridge a little better,” Blau said of Royal’s decision to roll out its own market.

Royal’s goal for the marketplace is to be extremely user-friendly and keep its crypto elements to a minimum. This strategy can prove fruitful: Audius recently reached 7.5 million users, partly because, as CEO Roneil Rumburg already said Decrypt“the average Audius user doesn’t even know the crypto is there.”

“We’re not necessarily building it for existing crypto users,” Blau said of Royal’s market. “We build it for all newbies.”

Debates about royalty

Royal’s music royalties for collectors are not quite the same as the concept of creator royalties in the wider world of NFTs.

Royalties have become a controversial topic lately, as markets like OpenSea and magic eden debate whether to impose royalties on creators – a royalty, usually set between 5% and 10% of the sale price, paid by secondary market sellers. Many platforms have made them optional, although OpenSea chose to keep them following the reaction of the creator.

“I never really understood why we call them royalties in the first place,” Blau said. Decrypt. “Royalties somehow imply that something is consumed – that there is some kind of fee that is paid – and what we call secondary royalties are really secondary commissions.”

Royal’s payments are royalties in the traditional sense: rightsholders receive a percentage of profits when a piece of content is consumed. In the case of Royal, these rights holders are the NFT holders. In the rest of the NFT world, royalties could perhaps more accurately be renamed creation fees or, as Blau suggested, “secondary commissions.”

“My overall view is that the idea of ​​perpetual side commissions is product-market-ready, as long as people are really excited about it,” he said. “Its enforceability unfortunately requires a degree of centralization.”

One of the main reasons Blau launched Royal was to disrupt the mainstream music industry and allow musicians to earn a bigger slice of the total revenue pie, where they currently bring in around 12%.

“At Royal, we obviously believe that creators should be paid forever,” he explained. “We are also sensitive to general tariff structures. For example, 10% every time something trades is just a bit irrational. But there is a middle ground that we think is fair.

Royal said it is covering its platform fees and artist fees in its marketplace until 2023, while its side commission fee for artists will be 2.5%.

The future of Royal

So what’s next for Team Royals? Blue said Decrypt that a mobile market app version is in the works. “Maybe it will be soon,” he said of an iOS app.

But Blau is not worried about Apple strict NFT policies or its 30% in-app purchase fee for all NFTs sold. Apple’s policies have divided NFT supporters. Some see these fees as incompatible with Web3 business models, while others say the mainstream audience is needed, and Web3 builders will just have to get more creative with how they monetize products.

“We have direct contact with Apple that we’re working with to make sure we’re evaluating the correct parameters for launch,” Blau said. “These fees will not impede our vision.”

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Harnessing the natural potential of venom for drug discovery https://radiotubesupply.com/harnessing-the-natural-potential-of-venom-for-drug-discovery/ Mon, 14 Nov 2022 17:12:00 +0000 https://radiotubesupply.com/harnessing-the-natural-potential-of-venom-for-drug-discovery/ Venoms, found in many species of reptiles, invertebrates and even fish, are commonly known for their ability to cause periods of severe pain and even paralysis. Paradoxically, the venom can also be used as a medicine to relieve pain. Steven Trim, Founder and Scientific Director of Venomtech®tells NewsMedical how the UK-based company is harnessing the […]]]>

Venoms, found in many species of reptiles, invertebrates and even fish, are commonly known for their ability to cause periods of severe pain and even paralysis. Paradoxically, the venom can also be used as a medicine to relieve pain.

Steven Trim, Founder and Scientific Director of Venomtech®tells NewsMedical how the UK-based company is harnessing the painkilling power of naturally produced venoms from a collection of nearly 200 species of spiders, scorpions and centipedes to create libraries of compounds for drug discovery.

Could you please give us an overview of Venomtech® and your role there?

I founded Venomtech® in 2010 to manufacture and supply venom peptides, primarily for drug discovery, and has now become a world leader in venom research ventures. We have a lab with over 200 venomous species, from which we collect venom and screen to identify useful compounds to manufacture.

These compounds can then be used in various industries, from pharmaceuticals to cosmetics, including the development of insecticides. Part of my role is to oversee the supply chain, including helping to set up and establish our laboratory, as well as finding reliable suppliers and optimizing production processes.

Image Credit: ShutterStock/Agus_Gatam

Which application areas benefit from Venom Libraries, and where Venomtech® Come in?

Our expertise is in drug discovery, which means our main markets are the pharmaceutical and biotechnology sectors – with some interest from academia – where venom-derived compounds lead to the discovery of new pain and oncology drugs.

We have also been involved in antimicrobial and epigenetic studies and during the recent lockdown the team even worked on SARS-CoV-2 interactions. In addition, we also serve a number of secondary markets, including the development of cosmetics and insecticides. For the pest control market, many spider venoms have evolved to kill insects, providing a good opportunity to use venoms in bio-based insecticides that do not bioaccumulate in soil and only target insects. pests, not pollinators.

In recent years, we have developed a soothing biomimetic peptide called SensAmone P5, which calms sensitive skin and reduces irritation by blocking pain receptors. We have also been involved in the development of a synthetic snake venom that is already used in Botox-like procedures, and several other products that will be released this year.

How do you go about creating an effective venom library or database?

Each species has its own unique venom containing several hundred different components. Therefore, the library of compounds available to us from venom is enormous, and we are only scratching the surface. In order for us to turn them into products, we must understand the activity of each venom and reproduce it in a synthetic product to ensure that we are not dependent on animals for the final version. To do this, we screen libraries of individual compounds to identify what they are, how effective they are for the chosen application, and how to make them synthetically. This process begins with splitting venom we collect using high performance liquid chromatography (HPLC) and then prepare assay-ready plates for screening.

Our key to success is Targeted-Venom Discovery Array™ (T-VDA). We built this to maximize the chance of success by focusing the right venoms on the right target. We typically build a T-VDA by splitting 12 venoms, but we also build larger libraries by splitting them into individual components.

To construct a T-VDA, each venom is fractionated by 2D HPLC, where two different chromatographic columns are connected in sequence to better resolve the individual fractions. Samples are then standardized, plated, and lyophilized in 384-well plates to create the compound library.

What challenges do you face and how do you adapt to working with different industries?

The biggest challenge to the efficiency of our workflow is that HPLC produces venom fractions in a 96-well format, and our customers in the drug discovery industry typically use 384-well plates as their format. standard.

Therefore, we needed a robust and reproducible method of transferring venoms from 96 to 384 well plate formats. Our team uses a VOYAGER Adjustable Tip Spacing Pipette from INTEGRA Biosciences to increase the efficiency of plate preparation for screening assays. This portable electronic pipette allows the user to adjust the spacing between each tip to easily transfer samples from one labware format to another.

Image credit: ShutterStock/Kurit Afshen

The main driver for our decision to choose the VOYAGER pipette was the ability to significantly improve our efficiency when pipetting 96 to 384 well plates. The INTEGRA VOYAGER pipette allows us to produce a 384 plate more efficiently than before.

Before owning the VOYAGER, we had to pipette each well one at a time to transfer samples and substrates to the correct plate format, which would take hours, but the VOYAGER allows us to do this in minutes. For us, the ability to adjust tip spacing electronically, and with one hand, are major advantages.

What benefits do you get by using the INTEGRA VOYAGER?

The VOYAGER is an incredible workhorse as it solves such an important problem in our lab by pipetting between different formats of labware. We use it for almost everything we do, including quality control, building our T-VDAs, and our own in-house research and development.

We love the VOYAGER for several reasons: it’s quiet, precise and lightweight, making it the ideal pipetting tool. The repeat dispense function is a really great feature, as it makes pipetting much more efficient, reducing the number of times you have to return to the reservoir. The serial dilution feature is also perfect for creating standards in a test plate.

Image Credit: ShutterStock/INTEGRA Biosciences

Another outstanding feature for working with INTEGRA was the GRIPTIPS pipette tips. The GRIPTIPS form a precise seal on the VOYAGER pipette, reducing the risk of tip dripping and giving us confidence that we are preparing precisely the right volume every time.

The VOYAGER also has a display with a dispense counter, which is very useful if you are disturbed – for example, if someone asks you a question – as it tells you where you are, so you can easily resume. where you left off. Plus, the user interface is simple, which means training is minimal, even for new staff.

We are also very satisfied with the INTEGRA service team. We bought our VOYAGER about seven years ago, and it only needed to be offsite once for maintenance, which is fantastic, especially considering how much it’s been used.

How important is having an affordable pipetting platform to support growth and R&D at Venomtech®?

As a small, nimble biotech company, we have to be careful where we invest our funds. But the VOYAGER was a major step up from manual pipetting, saving us a lot of time, and more than paying for it. The pipette is very intuitive, even if you are not used to using an electronic pipette, so the whole team – both new and experienced, including several of our visiting postgraduate students from the University Canterbury Christ Church nearby – can use with minimal training which will be invaluable as the business grows.

Image Credit: ShutterStock/DedeDian

I have worked in drug discovery for over 20 years and have used many manual and electronic pipettes. The VOYAGER far exceeds anything I’ve tried, not only for its capabilities, but also because of the high quality service and interactions we have with INTEGRA. It is today the only brand of electronic or multichannel pipette that we use.

About INTEGRA Biosciences

Moving liquids precisely and productively is at the heart of the work of many laboratory professionals in the life science industry. Since 1965, INTEGRA has been dedicated to the development of pipetting and media preparation solutions, meeting the needs of our customers in research, diagnostics and quality control. It’s our passion to work side-by-side with our customers to understand their issues and meet their needs with innovative products. To accomplish this, we maintain our own sales and support organizations in the United States, Canada, China, Japan, United Kingdom, Sweden, France, Germany, Austria and Switzerland, as well than a network of more than 100 highly qualified distribution partners worldwide.

INTEGRA’s engineering and production teams in Zizers, Switzerland and Hudson, NH, USA strive to develop and manufacture instruments and consumables of exceptional quality. In recent years we have focused on completing our range of technologically advanced liquid handling products, culminating in the launch of the D-ONE single channel pipetting module for the ASSIST PLUS robot; a revolutionary concept that combines state-of-the-art pipetting with state-of-the-art robotics, freeing scientists from routine pipetting. We are proud to offer the widest range of pipettes on the market, ranging from single-channel mechanical pipettes to 384-channel electronic benchtop platforms.


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RCEP to help boost Vietnam’s participation in supply chains – Xinhua https://radiotubesupply.com/rcep-to-help-boost-vietnams-participation-in-supply-chains-xinhua/ Sat, 12 Nov 2022 01:26:15 +0000 https://radiotubesupply.com/rcep-to-help-boost-vietnams-participation-in-supply-chains-xinhua/ Photo taken on Nov. 6, 2021 shows a train running on the Cat Linh-Ha Dong subway line in Hanoi, Vietnam. (VNA via Xinhua) A report focusing on the impacts of RCEP on the formation of supply chains in Vietnam has been released, highlighting that RCEP will enhance Vietnam’s participation in regional supply chains, thereby facilitating […]]]>

Photo taken on Nov. 6, 2021 shows a train running on the Cat Linh-Ha Dong subway line in Hanoi, Vietnam. (VNA via Xinhua)

A report focusing on the impacts of RCEP on the formation of supply chains in Vietnam has been released, highlighting that RCEP will enhance Vietnam’s participation in regional supply chains, thereby facilitating market expansion and attracting more business. investments.

HANOI, Nov. 12 (Xinhua) — The Regional Comprehensive Economic Partnership (RCEP) will help Vietnam enhance its participation in regional supply chains, Vietnam News Agency reported Friday, citing a new report.

The report on the impacts of RCEP on the formation of supply chains in Vietnam was released Thursday by Vietnam’s National Center for Socio-economic Information and Forecasting (NCIF) and Germany’s Konrad-Adenauer-Stiftung in Vietnam.

With Free Trade Agreements (FTAs) signed among member countries, certain product groups like electronic components, textiles and garments can be traded among RCEP members with very low tariffs, according to the report.

Tariffs have been reduced for some products including supply chains in which Vietnam is deeply engaged, such as textiles, garments, automobiles and some electronic products. Applying consistent rules of origin under the RCEP will help the country strengthen its engagement in regional supply chains.

The shift of supply chains to Vietnam that has already taken place through bilateral FTAs ​​or under ASEAN Plus 6 will be further encouraged by RCEP. Foreign direct investment inflows are also expected to rise even further as major investors in the region step up their specialization to develop supply chains, according to the report.

A farmer works at his dragon fruit farm in Thoi Lai district, Can Tho province, Vietnam, Jan. 26, 2022. (VNA/Handout via Xinhua)

The report also pointed out that RCEP will provide Vietnam with opportunities to improve value addition and productivity by facilitating market expansion, attracting investment in upstream manufacturing sectors and enhancing specialization in industries where the Vietnam has assets. This will in turn attract more foreign direct investment through supply chains to the country and help domestic companies to engage more in global chains.

Luong Van Khoi, Deputy Director of NCIF in the Ministry of Planning and Investment, quoted the report as saying that RCEP will generate many positive impacts on regional economies.

Perhaps the most important thing is the harmonization of rules of origin, which allows accumulation of origin, creating many opportunities and advantages for intra-bloc exports, he said.

Entering into force in January 2022, the RCEP trade agreement includes 15 Asia-Pacific countries, including 10 ASEAN member states, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, and their five trading partners, namely China, Japan, South Korea, Australia and New Zealand.

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The need for faster insights opens the door to a new class of testing https://radiotubesupply.com/the-need-for-faster-insights-opens-the-door-to-a-new-class-of-testing/ Tue, 08 Nov 2022 20:37:17 +0000 https://radiotubesupply.com/the-need-for-faster-insights-opens-the-door-to-a-new-class-of-testing/ What you will learn: Why additional PCIe tools are needed to rapidly increase time to market for cutting-edge innovations. What tools are currently available to provide solutions to PCIe validation issues among macrotrends? Less than 20 years after the PCI Express (PCIe) 1.0 specification was introduced by the PCI Special Interest Group, the industry is […]]]>

What you will learn:

  • Why additional PCIe tools are needed to rapidly increase time to market for cutting-edge innovations.
  • What tools are currently available to provide solutions to PCIe validation issues among macrotrends?

Less than 20 years after the PCI Express (PCIe) 1.0 specification was introduced by the PCI Special Interest Group, the industry is already gearing up for PCIe Gen 6.0. With each new generation of the standard doubling the data rate of the previous generation, PCIe Gen 6.0 is more than 25 times faster than the original PCIe Gen 1.0 specification introduced in 2003.

This doubling of data rates every three years has posed countless challenges for validation engineers responsible for the physical layer performance of their PHYs, chips, boards, and systems. And not all of them are fully processed by the test equipment available today.

While most of these challenges have been addressed by increasing the performance of key electrical validation equipment such as oscilloscopes and BERTs, these performance improvements have also impacted test complexity in setup and use of equipment. This, in turn, helped increase testing and debugging times for validation teams.

It is a natural progression that the performance of test equipment exceeds that of the standard it aims to validate. However, some of the other challenges faced by engineers are not entirely solved by test equipment performance improvements alone.

Today’s engineers need tools that complement the performance of existing equipment by providing faster access time and superior ease of use, without significantly impacting their project capital budgets. A case for each of these needs can be made by looking at macro industry trends.

Time to Market Challenges: The Case for Faster Time to Market in PCIe Testing

Since the latest PCIe standards must support all previous PCIe generations, the test matrix for each new PCIe generation increases exponentially for validation teams. This, coupled with the complexity of mounting testing as standards advance, has dramatically increased overall test times for programs working to implement the latest PCIe standards. Further complicating the situation is the expectation that these teams will produce next-generation products within a similar time-to-market as previous generations.

Assessing link performance and debugging issues takes longer than ever. Unfortunately, the equipment available today does not support engineers in a way that saves them the days or weeks of debugging and performance evaluation needed to meet these deadlines. There will always be a need for high performance tools like oscilloscopes and BERTs that focus on breaking performance limits, but the industry needs a new tool in the toolkit.

The modern engineer needs a new class of test and measurement equipment that is easier to set up and easier to use. It should also provide faster insights to enable more frequent testing during design and validation to identify issues earlier in the development cycle.

Expected Labor Gap: The Case for Ease of PCIe Testing

As the digital world takes deeper root in everyday life, the demand for semiconductors and solid-state devices continues to grow exponentially. This parabolic growth has notably led to major challenges for the industry in terms of supply chain and logistics.

What is less often discussed, and what may be of most concern, is the projected lack of engineering labor to support growth. According to a presentation by 2022 SEMICON West conference, by 2030 there will be a projected shortfall of about 300,000 engineers needed to support the growth of the semiconductor industry. This shortfall is largely attributed to fewer new college graduates transitioning into the industry and expected attrition from the ranks over the next few years.

This is a significant complication for companies in the industry that is not easily resolved due to the technical nature of developing and validating high-speed I/O (HSIO) devices. PCIe, in particular, is positioned to become increasingly complex as successive generations of standards are released. The lack of manpower to support the development and validation of these devices is expected to put further pressure on program schedules and test workflows for engineering teams across the industry.

To fill this expected labor gap in the industry, companies may be required to allocate engineering tasks more broadly than in the past, creating a need for test equipment that is easier to set up and maintain. use only existing solutions. As this macro trend unfolds, it will become increasingly important to have equipment that requires less training and expertise to operate, while providing meaningful insights into the health and performance of HSIO devices. .

Monetary Review: The Case for Capital Budget Optimization in PCIe

As data rates have increased for later PCIe standards, the demand for higher performance equipment has also increased. The bandwidth requirements needed to support this equipment continue to grow, and with that performance comes a significant cost to acquiring full test suites. These costs are so high that even large companies are often only able to purchase a few complete systems.

Small businesses see an even greater impact. Often, they cannot afford the equipment needed to perform full validation testing and instead must rent or use third-party testing facilities to perform their validation and debugging.

Because performance is paramount to comprehensive PCIe assessment and compliance testing, organizations must absorb significant equipment costs to perform the tests, whether they choose to purchase or lease. While there is no way to avoid this completely, equipment that can deliver meaningful design information earlier and faster without putting significant pressure on program capital budgets will more easily become a welcome fix.

Having equipment that can accelerate testing by increasing the number of test setups and reducing overall test times, without significantly straining program budgets, prepares engineering teams to effectively use the more efficient equipment when needed.

Answering the Call: A New PCIe Test and Measurement Solution

There will always be a need for high performance validation and compliance testing equipment, but equipment that can speed up time to insight, is easy to use and is cost effective will be an essential add-on solution to existing tools. in the test workflow for PCIe today. Through a deep understanding of industry needs, the TMT4 Margin Tester developped by Tektronix is the first and only additional solution on the market to help address key macro trends for PCIe Gen 3 and Gen 4 testing.

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China ‘flea war’ threatens to undermine America https://radiotubesupply.com/china-flea-war-threatens-to-undermine-america/ Sun, 06 Nov 2022 07:46:24 +0000 https://radiotubesupply.com/china-flea-war-threatens-to-undermine-america/ The Biden administration has extended sanctions against China’s electronics industry. In turn, Silicon Valley companies are increasingly seen as a major instrument of grand politics. However, Washington’s “geopoliticization” of the IT industry threatens to further undermine US international positions in this important sector of the economy. China’s advances in computer technologies have preoccupied Washington for […]]]>

The Biden administration has extended sanctions against China’s electronics industry. In turn, Silicon Valley companies are increasingly seen as a major instrument of grand politics. However, Washington’s “geopoliticization” of the IT industry threatens to further undermine US international positions in this important sector of the economy.

China’s advances in computer technologies have preoccupied Washington for years. Unlike before, when they spoke primarily of the “threat to the economic positions” of the United States and the West as a whole, they now signal concern over “security issues.” A number of new restrictions introduced in early October were designed, Western observers say, to slow the development of China’s IT industry to such an extent that it would guarantee the United States supremacy in the application of technologies. advanced computing for military purposes. Among other measures, Biden has significantly limited the participation of US residents in the development of technologies for the Chinese IT sector.

As Bloomberg reported a few days ago, “the United States intends to restrict China’s access to AI and quantum computing technologies.” The White House has drawn up administrative measures to establish strict limits and controls on Western investment in a number of critical technology-related sectors in China. Quantum computers and AI are among the priority issues. If implemented, the new restrictions will reinforce those previously adopted.

It appears that the Biden administration tried to revive the practice introduced by Trump. In 2018, the Trump administration imposed a wide range of sanctions against Chinese computer giant Huawei, which was accused, without any evidence, of participating in “espionage schemes and secret surveillance projects carried out by the Chinese authorities”. They imposed a complete ban on supplies of US parts that were essential for Huawei products to be competitive in the global market. Currently, Western sources are reporting content, not about the cessation of “secret espionage”, but about the fact that Huawei’s export revenue has decreased significantly, as well as the product line.

Meanwhile, according to The Economist, Trump’s “success” had a negative side. The Republican administration blatantly ignored the interests of allies and partners. As a result, Western investors began to invest in companies and component supply chains that were exempt from scrutiny by US regulators. Japanese companies offered a full range of electronic components as products free from technological restrictions imposed by the United States. Some large US companies, which supplied billions of dollars worth of products to the Chinese market every year, have begun to open branches and representative offices in foreign jurisdictions, circumventing Washington’s restrictions.

In early 2022, after acknowledging a limited scope of existing sanctions, the Biden administration introduced a new variant of export controls, which provided severe restrictions on the export to China of components whose characteristics exceed a certain technological level. In early October, the ban was extended to include chips that were produced at less than 14 nanometers, or in some cases less than 16 nanometers. These harsh restrictions, along with the unilateral actions taken by Washington, continue to frustrate many nominal US allies.

Biden has also taken steps to encourage the return of microelectronics production facilities to the United States. In the spring, the White House introduced a chip and science bill, The CHIPS and Science Act, which provides for the allocation of at least $52 billion in subsidies for the construction of new production “factories” peak. processors in the territory of the United States. Also in the spring, Biden spoke at a ceremony at the site of a future company to be built by Intel – one of the major processor makers in the United States. Plans to build a new “factory” in the United States have been announced by Taiwan’s TSMC – a major and most technologically advanced producer of microprocessors in the world.

However, America faces a lot of “opposition”. According to Foreign Affairs, the CHIPS and Science Act, which came into force at the end of August, is not enough to restore America’s leading positions in the field of microelectronics. An influx of financial resources will not solve all the problems. What is needed is a break in managerial and technological culture and a clear understanding by Washington politicians of all the intricacies and issues facing the contemporary microelectronics industry.

At present, most companies in Silicon Valley have lost the spirit of “iron” technological innovations. A wide variety of new “high-tech” companies founded in the United States in the 2000s do not manufacture products that can be touched with hands. The lion’s share of profits comes from advertising in apps or search systems. The hype around hot software novelties, which spread across America, allowed Asian competitors to break into designs, especially in the production of sophisticated microchips. Moreover, globalization in its current form, aimed at relocating the production of finished products to where they are most profitable, has played a bad joke on America. “Deindustrialization” has not only affected a large number of American industries, it has spread to affect the ways of thinking of their leaders and engineers.

At the same time, even US experts admit that the harder they try to “contain” China, the harder it becomes for Washington to persuade its allies in Europe and Asia to follow suit. Active assistance from other countries in restricting the export of much-needed parts, machinery and technology to China is vital, as without it the United States risks inflicting irreparable damage on its own electronics sector, first place. Investors will surely opt for areas where they can avoid draconian US restrictions and where they can continue to develop mutually beneficial business relationships with China.

America is “stuck” having to choose between the less strict approach of restrictions in the exchange of technologies, which can produce a greater effect, on the one hand, and the attempts to “suppress” advanced Chinese microelectronics on a short period of time. , on the other hand, risking inflicting significant damage to its own computing potential.

First of all, many US semiconductor producers are highly dependent on supply from the Chinese market, one of the largest in the world. As reported by the Financial Times, the share of supplies to China accounts for one-third of the order portfolio of Applied Materials, a California-based company that produces machinery for processing silicon wafers. 27% belong to Intel. And 31% – to Lam Research, a leading supplier of processor manufacturing equipment.

Second, the slowdown in the US and global economy could lead to lower sales in the microelectronics sector, which is bound to have a negative impact on the outlook for new investments. The computer industry is therefore facing a slowdown, even a recession. According to The Economist, about 30 major U.S. microchip makers are reporting an $11 billion reduction in cumulative third-quarter revenue outlook since July. The combined capitalization of US-based chipmakers has fallen by more than $1.5 trillion this year.

Political pressure has also increased as Washington demands that the microelectronics industry quickly reduce its dependence on China. Thus, the deterioration of the market situation is further aggravated by even more administrative and political restrictions.

Meanwhile, U.S. business leaders fear Beijing will impose measures in response, introducing even more restrictions on U.S. producers’ access to its vast domestic market. As the Financial Times has reported, Europe fears that a further extension of sanctions restrictions by the United States could inflict even more damage on businesses and consumers in the Old World. Chinese producers could find themselves without essential parts and components. A decrease in supplies will also affect European aerospace companies, car manufacturers, producers of medical equipment and the cloud computing sector. Taiwanese electronic parts producers, including key player TSMC, and their South Korean counterparts are likely to face difficulties supplying their businesses in China, which account for tens of percent of total output. Japanese companies have had heated debates over the medium- and long-term consequences of restrictions on the use of US components while dealing with Chinese counter-agents.

Finally, the severance of scientific ties with China will ruin the innovative potential of American designers. Chinese researchers already have a much higher citation index across a range of research and technology areas than their American colleagues. According to Beijing Review, during the Trump presidency, they launched the so-called “China Initiative” – ​​a set of administrative measures aimed at tracking down potential spies among scientists and engineers of Chinese descent. As anti-China sentiments grow, throwing America into an atmosphere of hostility and suspicion toward Chinese scientists and experts, thousands of researchers and engineers, including from the microelectronics, have left or are planning to leave the United States and move to China, said the Asian American Scholar Forum (AASF).

Washington’s “efforts” could unfortunately translate into a further decline in the share of US producers in the global market and an overall decline in the global influence of the US tech sector. All of this is happening amid a drop in demand, caused by an impending recession. In the past, the United States has repeatedly and successfully imposed the destructive “security or development” dilemma on its adversaries. Now America itself risks being trapped by its own hopelessly outdated logic of the past.

From our partner International Affairs

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Automotive Engineering Service Provider (ESP) Market 2023-2027 with 5-year (2017-2021) historical industry size and comparison of 20 vendors and 14 countries https://radiotubesupply.com/automotive-engineering-service-provider-esp-market-2023-2027-with-5-year-2017-2021-historical-industry-size-and-comparison-of-20-vendors-and-14-countries/ Thu, 03 Nov 2022 08:00:00 +0000 https://radiotubesupply.com/automotive-engineering-service-provider-esp-market-2023-2027-with-5-year-2017-2021-historical-industry-size-and-comparison-of-20-vendors-and-14-countries/ NEW YORK, November 3, 2022 /PRNewswire/ — The Automotive Engineering Service Provider (ESP) Market share should increases by $8381.88 million from 2022 to 2027, with an accelerated CAGR of 8.2% – according to recent Technavio market research. This report also offers a 5-year historical data projection (2017-2021) of market size, segment and region. The Annual […]]]>

NEW YORK, November 3, 2022 /PRNewswire/ — The Automotive Engineering Service Provider (ESP) Market share should increases by $8381.88 million from 2022 to 2027, with an accelerated CAGR of 8.2% – according to recent Technavio market research. This report also offers a 5-year historical data projection (2017-2021) of market size, segment and region. The Annual growth rate Automotive Engineering Service Providers (ESP) market share is estimated at 7.38% of the 2023. Moreover, the market is fragmented. Our analysts conducted a internal and external supplier analysis to help businesses understand broader business environment as well as the strengths and weaknesses of key market players. Our report also provides Bargaining power of buyers and suppliers and the Threat of new entrants and rivalry varying between LOW-MODERATE during the forecast period.

Technavio has announced its latest market research report titled Global Automotive Engineering Service Providers (ESP) Market 2023-2027

Find analysis of price sensitivity, lifecycle, customer shopping basket, adoption rates, and purchase criteria prepared exclusively by Technavio Research analysts

  • One of the essential elements of customer landscape is Price sensitivity – whose analysis will help companies refine marketing strategies to gain competitive advantage.

  • Additionally, this report also provides impact of price sensitivity factors (purchases are undifferentiated, the purchase is a key cost for the buyer, and the quality is not important), which are should be between DOWN UP of 2023-2027.

  • Our report provides detailed information on the automotive engineering service provider (ESP) market customer landscapeinvolving qualitative and quantitative information.

FOR A DETAILED OVERVIEW OF THE CUSTOMER LANDSCAPE, REQUEST SAMPLE PAGES

The Automotive Engineering Service Provider (ESP) Market report also offers insights into input criticality, R&D, investment, technology, manpower, and brand of the 20 vendors listed below. below –

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Graph & Data Table of 5-Year Historical Market Size (2017-2021), Comparison & YoY Growth of Automotive Engineering Service Provider (ESP) Industry Segment

  • The market is segmented by Service (powertrain, complete vehicle, electrical/electronics and others) and Location (internal and outsourced).

  • By Service – The powertrain segment shows a gradual increase in demands over the course of 2023-2027.

  • OEMs are working on developing lightweight engines that can reduce the overall weight of a vehicle. This will have a positive impact on engine efficiency and, in turn, will result in improved performance and reduced fuel consumption.

  • Fuel consumption is a key parameter for OEMs and consumers. Therefore, the increased fuel economy standards across the world is driving the segment.

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Rising digitalization and electrification of vehicles is driving the growth of Automotive Engineering Service Provider (ESP) market in particular

Electronic systems have replaced mechanical components in many automobiles due to the need for information, reduced fuel consumption, low emissions, increased safety, driving assistance and an improved driving experience. Manufacturers incorporate advanced features to differentiate their products. Moreover, the increasing focus on ADASsuch as lane assist systems, adaptive cruise control, blind spot detection, speed assist system, electronic stability control and park assist system, will increase the volume electronic components in vehicles.

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INFLUENCE THE GROWTH OF THIS MARKET? REQUEST A SAMPLE REPORT

Graph & Data Table of Historic Market Size (2017-2021), Comparison & Annual Growth of 14 Countries Automotive Engineering Service Provider (ESP) Industry

  • The market is segmented by Geography in North America (The United States and Canada), Europe (Great Britain, Germany, Franceand Rest of Europe), APAC (China and India), South America (Brazil, Argentinaand Colombia), and Middle East & Africa (Saudi Arabia, South Africaand Rest of Middle East & Africa).

  • Europe should contribute 30% market growth by 2027. The market growth of Europe is attributed to factors such as presence of the world’s leading car manufacturers, such as Volkswagen AG (Volkswagen), Mercedes-Benz AG (Mercedes-Benz), BMW AG (BMW) and AB Volvo (Volvo). countries such as Germany, France, Spain, and UK will be the major contributors to the market growth in the region. The development of autonomous vehicles and the growing interest in connected cars in Europe encourage ESP suppliers to design and develop engineered solutions. Hence, the business prospects for ESP vendors will increase in the region over the forecast period.

  • The Automotive Engineering Service Provider (ESP) Market Growth Decreased in 2020 & 2021 due to the COVID-19 outbreak, as governments of various countries have imposed lockdowns. However, in 2021, government initiatives, such as large-scale vaccination campaigns, led to an easing of lockdown restrictions and the resumption of business activities. In addition, governments have started to focus on boosting industrial growth to improve vehicle sales and production in Europe From 2022. These factors will increase the demand for automotive ESP which, in turn, will fuel the market growth in the region during the forecast period.

FOR MORE INFORMATION ON THE MARKET SHARE OF DIFFERENT REGIONS, VIEW PDF
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Automotive Engineering Service Provider (ESP) Market Scope

Report cover

Details

Page number

120

Year of reference

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum and CAGR

Accelerate at a CAGR of 8.2%

Market Growth 2023-2027

$8381.88 million

Market structure

Fragmented

Annual growth (%)

7.38

Regional analysis

Europe, APAC, North America, South America, Middle East and Africa

Successful market contribution

Europe at 30%

Main consumer countries

United States, China, Germany, France and United Kingdom

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled Key Companies

AKKA Technologies SE, Altair Engineering Inc., AVL List GmbH, Bertrandt AG, Capgemini Service SAS, EDAG Group, EPAM Systems Inc., FEV Group GmbH, HCL Technologies Ltd., Hitachi Ltd., IAV GmbH, KPIT Technologies Ltd., L&T Technology Services Ltd., Mahindra & Mahindra Ltd., Onward Technologies Ltd., Ricardo Plc, ASM Technologies Ltd., Belcan LLC, Contechs Holdings Ltd. and Magna International Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, and Market Conditions Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Browse Consumer Discretionary Market reports

Contents

1. Summary

2 Market landscape

3 Market sizing

4 Historical market size

5 Five forces analysis

6 Market Segmentation by Service

7 Market Segmentation by Location

8 Customer Landscape

9 Geographic landscape

10 drivers, challenges and trends

11 Supplier landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Global Tampons Market 2022-2026 (PRNewsfoto/Technavio)

Global Tampons Market 2022-2026 (PRNewsfoto/Technavio)

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Decline in sales sentiment in electronic components extends into October with growing pessimism for the future https://radiotubesupply.com/decline-in-sales-sentiment-in-electronic-components-extends-into-october-with-growing-pessimism-for-the-future/ Mon, 31 Oct 2022 21:37:22 +0000 https://radiotubesupply.com/decline-in-sales-sentiment-in-electronic-components-extends-into-october-with-growing-pessimism-for-the-future/ The ECST survey provides very valuable and detailed visibility into near-term industry expectations through monthly and quarterly surveys. This “immediate” perspective is useful to participants up and down the electronics component supply chain. In the long term, ECIA shares optimism for the future, as the continued introduction and market adoption of exciting innovative technologies is […]]]>

The ECST survey provides very valuable and detailed visibility into near-term industry expectations through monthly and quarterly surveys. This “immediate” perspective is useful to participants up and down the electronics component supply chain. In the long term, ECIA shares optimism for the future, as the continued introduction and market adoption of exciting innovative technologies is expected to drive long-term business and consumer demand for next-generation products.

The full ECIA report on Electronic Components Sales Trends (ECST) is distributed to all ECIA members and others who participate in the survey. All participants in the electronic component supply chain are invited and encouraged to participate in the report so that they can see the very valuable insights provided by the ECST report. The return on a small investment of time is huge! The monthly and quarterly ECST reports present data in detailed tables and figures with multiple perspectives and covering current sales expectations, sales prospects, product cancellations, product releases and product delivery times. Data is presented at a detailed level for six major categories of electronic components, six sub-categories of semiconductors and eight end markets. Additionally, the survey results are segmented by aggregated responses from manufacturers, distributors, and manufacturer representatives. View the summary report.

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US chip ban de facto declares war on China? –Asia Times https://radiotubesupply.com/us-chip-ban-de-facto-declares-war-on-china-asia-times/ Sat, 29 Oct 2022 03:30:41 +0000 https://radiotubesupply.com/us-chip-ban-de-facto-declares-war-on-china-asia-times/ The United States has bet big on its latest comprehensive sanctions against Chinese companies in the semiconductor industry, saying it can knee pad china and retain global dominance. From the globalization and “free trade” slogans of the neoliberal 1990s, Washington has returned to the regimes of technology denial that the United States and its allies […]]]>

The United States has bet big on its latest comprehensive sanctions against Chinese companies in the semiconductor industry, saying it can knee pad china and retain global dominance.

From the globalization and “free trade” slogans of the neoliberal 1990s, Washington has returned to the regimes of technology denial that the United States and its allies followed during the Cold War. While this may work in the short term to slow Chinese advances, the cost to the U.S. semiconductor industry of losing China – its biggest market – will be important consequences long-term.

In the process, semiconductor industries in Taiwan and South Korea and equipment manufacturers in Japan and the European Union are expected to become collateral damage. It reminds us again of what former US Secretary of State Henry Kissinger once said: “It can be dangerous to be America’s enemy, but to be America’s friend is fatal.

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SK Hynix says industry woes ‘unprecedented’, to cut investment | Business and economy https://radiotubesupply.com/sk-hynix-says-industry-woes-unprecedented-to-cut-investment-business-and-economy/ Wed, 26 Oct 2022 01:09:49 +0000 https://radiotubesupply.com/sk-hynix-says-industry-woes-unprecedented-to-cut-investment-business-and-economy/ The South Korean chipmaker’s third-quarter profits fall 60% amid soaring inflation. South Korean chipmaker SK Hynix says the memory chip market is facing “unprecedented deterioration” as its third-quarter profits fell 60% amid soaring inflation. “Supply will continue to outstrip demand at this time,” the world’s second-largest memory chip maker said in a statement on Wednesday, […]]]>

The South Korean chipmaker’s third-quarter profits fall 60% amid soaring inflation.

South Korean chipmaker SK Hynix says the memory chip market is facing “unprecedented deterioration” as its third-quarter profits fell 60% amid soaring inflation.

“Supply will continue to outstrip demand at this time,” the world’s second-largest memory chip maker said in a statement on Wednesday, pointing to lower shipments of laptops and smartphones.

The company said it plans to cut its investments next year by more than 50% year-on-year.

The fall in profits comes as runaway inflation has hurt demand for electronic devices and the memory chips that make them up.

SK Hynix’s operating profit fell to 1.66 trillion won ($1.16 billion) in the July-September quarter from 4.2 trillion won ($2.93 billion) a year earlier . The result was below analysts’ expectations of a profit of $1.87 trillion ($1.31 billion), according to Refinitiv SmartEstimate.

Prices for DRAM chips, used in devices and servers, fell about 20% in the third quarter from the second, SK Hynix said. Prices for NAND Flash chips that serve the data storage market have fallen by more than 20%.

The lackluster results echo the slump in profits of biggest rival Samsung Electronics in the third quarter and warnings from its U.S. counterpart Micron Technology Inc of a sharp decline in PC and smartphone sales.

Chipmakers had seen a surge in post-pandemic demand until early this year, which created a shortage of certain chips and disrupted the production of vehicles and various electronic devices.

But demand for chips has weakened significantly in recent months as soaring inflation, rising interest rates and a bleak economic outlook have led consumers and businesses to tighten spending.

The global smartphone market contracted 9% year on year in July-September, marking the worst third quarter since 2014, according to analytics provider Canalys.

DRAM chip prices are expected to decline further in the current quarter as memory chip companies have lost bargaining power with customers who stockpiled chips and are now struggling to dispose of them due to weak market performance. demand, said Wi Min-bok, an analyst at Daishin Securities.

With the memory chip glut expected to last until the first half of next year, SK Hynix joins chipmakers who have begun to cut supply and investment. Micron plans to reduce its capital expenditure by more than 30% next year. TSMC also reduced its 2022 investment plan.

SK Hynix said its investment in 2022 is expected to be in the “upper range of 10-20 trillion won” ($7-14 billion).

Despite the current drop in demand for server memory chips, SK Hynix foresees more appetite in the longer term as large-scale data centers continue to invest to meet growth in areas such as intelligence. artificial intelligence (AI), big data and the metaverse.

Third-quarter revenue fell 7% year-on-year to 10.98 trillion won ($7.6 billion).

Shares of SK Hynix were flat in early morning trading, against a 0.3% rise in the broader market

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