Solutions for Automotive, Industrial & Medical Equipment Manufacturers
Because software-driven architectures touch virtually every industry, there has been an increased need for electronic components, including computer chips, in every industry. The semiconductors market has been volatile over the last two years, and experts predict supply chain challenges across the industry will extend to late 2023 and early 2024.
In the last two years, multiple fires hit several chip factories, Covid interrupted production at existing plants, and the inability to construct new plants has caused massive supply constraints.
Manufacturers that didn’t have a direct relationship with chip factories, such as those producing automobiles, heavy industrial equipment, medical diagnostics equipment, and electronics, were greatly affected.