Market-Intel Newsletter #8
General chip times reduce, but power remains high – up to 75 weeks
Lead times in most chip categories are coming down, reports Electronics Weekly (EW), except for power management which is still up to 75 weeks.
The market for discrete devices and optoelectronics is currently undergoing a period of market readjustment, resulting in higher inventory levels, reports Electronics Weekly. Despite this, demand from automotive, industrial, and energy sectors is stabilising or increasing. As a result, lead times have decreased, with the exception of power technologies which are still limited until 1H 2023. 16 Bit #chips from TI and #Microchip are still at 70 and 75 weeks respectively...
UK defence firms has sights on Indian expansion, says UKIBC
British defence companies are aiming to increase their partnerships or create new investments in India, as part of their larger endeavours to diversify their supply chains, claims a UK industry body.
According to Reuters, the UK-India Business Council (UKIBC) CEO Richard McCallum told them, “We have got a group of 22 British defence companies, with collective revenues of about $60 billion, really focused on doing business with and in India.” McCallum did not specify which firms will make new investments or which Indian companies they might be in discussions with.
Reuters reports that Britain has sought to deepen economic, defence and security ties with India, committing to closer links with the Indo-Pacific region, while casting China as an “epoch-defining challenge” to the world order. BAE Systems has a presence in India’s aerospace and defence sector, while MBDA has a venture with Larsen & Toubro. Rolls-Royce (RR.L) is exploring collaborations on jet engine technology...
Military drones and optoelectronics market expected to soar
Military Embedded Systems (MES) says the military drone market is predicted to soar from $9.3 billion in 2020 to $21.93 billion by 2029, with a compound annual growth rate of 12.56% over the next six years.
With militaries around the world procuring drones in order to support their combat missions, and to provide real-time images, the market is expected to experience steady growth. The report reveals that the military drone market is driven by factors such as battle damage management, combat operations, and delivery and transportation services across the globe.
Major players in the field are General Atomics, Boeing, Northrop Grumman, and Lockheed Martin, however there are other important entities present as well...
EU’s semiconductor plan needs China’s market, claims Global Times
A report by the Global Times, a daily tabloid that is an arm of People's Daily, the Communist Party’s mouthpiece, claims the #EU needs #China’s market and is playing a “dangerous game” amid the U.S. policy of sanctions and decoupling.
It writes, “Today the share of the EU in global production capacity is about 10 percent. By adopting the #ChipsAct, the EU aims to increase this share to 20 percent. One question worth considering is how to absorb newly-added capacity. The glory of some #European electronics giants like Nokia and Ericsson seems to have faded compared with competitors in the #US and #Asia. Partly due to shrinking demand from Europe’s electronics industry, some European chipmakers have shifted manufacturing out and focus mainly on the semiconductor consumption market in the Asia-Pacific region...
Supply chain still tops list of manufacturing problems
“Procuring electronic components for products has been a struggle. Domestic labor shortages have also made maintaining experienced folks on the production line challenging. We’re addressing the supply-chain issues by sourcing some components from the open market and purchasing them well in advance. So, we’ve increased labor rates, and we’re in the process of adding a new production line with cobots.” – Nathan Andaya, PMP, MBA, EE, Director Techline strategic business unit, LINAK U.S.
He was among several panelists who described their supply chain problems to Design World, who added, “To be clear, most industry experts we surveyed for the 2023 Design World Trends issue don’t expect a fully normal supply chain or labor market for another year.”
Tom Schroeder , Executive V.P., PBC Linear, said that while in most sectors the supply chain is starting to normalize, “Electronics components are still lagging behind the rest of the sectors … and that’s causing complications and production delays.”
According to Jeremy Miller, President, Motion Plus, electronics manufacturers also face “obscene lead times for component parts”...
Events:
New Tech Expo 2023
ASTUTE is inviting all those who are seeking an opportunity to interact with the best supply chain professionals and gain insights into the industry to attend NEW-TECH EXPO 2023. It is the biggest Hi-Tech and Electronics exhibition in Israel, where industry leaders, new ventures, and educational projects gather. The event is a chance to expand your network and knowledge about the industry and learn about the most innovative technologies. Don't miss out on the chance to revolutionise your supply chain strategy by visiting our Astute Electronics Ltd team - Neil Webkin and Ronen Moyal on stand 72 at the event.
The Biggest One Day Expo for Sweden's Electronics Industry!
Looking for the perfect event to gain insights and connect with top supply chain specialists? Join ASTUTE at EVERTIQ EXPO 2023 in Malm?. The Biggest One Day Expo for Sweden's Electronics Industry!
The ultimate gathering for industry leaders, start-ups, and university projects. Don't miss out on this unique opportunity to expand your network, gain valuable industry knowledge, and explore the latest innovative technologies. Come and meet our Astute Electronics Ltd team - Mark Shanley, Natalie Scammell, Jay Hugill and Mikael Nordstr?m at stand 120