Digitization Remains a Manufacturing Priority

The prolonged shortage of electronics components has accelerated supply chain innovations viewed as “nice to have” for years and has rendered many of them imperative. Digitization – essentially, automating manual tasks throughout a manufacturing network – is considered important to achieving business goals by 87 percent of respondents to a recent survey. Yet progress has…

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…