Chip Capex to Grow 34% in 2021 to Reach Record $152 Billion

Purse strings were wide open this year as worldwide semiconductor capex is on track to surge 34% —  its strongest percentage gain since a 41% increase in 2017 — to $152 billion, according to IC Insights. The $152 billion in outlays this year would represent a new record-high annual amount of spending, surpassing the previous…

How Can Companies Combat the Electronic Components Shortage?

The ongoing electronic components shortage continues to disrupt businesses across the economy. Combined with other current supply chain crises — like growing port congestion and a shortage of truck drivers — the shortage has made electronics device manufacturing much more of a challenge. For businesses navigating the shortage, these strategies may be the most effective…