Tag: coronavirus

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COVID-19 has caused severe disruption among electronics manufacturers, presenting consumer electronics and the automotive industry with a challenging year ahead, according to GlobalData, a leading data and analytics firm. In a fresh report, analysts disclose that economic shutdowns, which started in China and extended across the globe, have significantly impacted supply chains and may delay the prototyping and production of new products as a consequence. This is further compounded as new car purchases, including electric vehicles, are now unlikely to be a priority for businesses and consumers, amid the economic uncertainty resulting from the pandemic. One of the global electronic...

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Earlier this month, the Semiconductor Industry Association (SIA) announced that February 2020 saw global semiconductor sales reach $34.5 billion, presenting a 2.4% decline on January 2020 sales, but an increase of 5% on February 2019 which saw sales of $32.9 billion. Monthly sales figures are recorded by the World Semiconductor Trade Statistics (WSTS) organisation and represent a rolling three-month average. The SIA represents semiconductor manufacturers, designers and researchers, with members accounting for approximately 95% of US semiconductor sales and a large growing share of sales from non-US firms. "Global semiconductor sales in February were solid overall, outpacing sales from last...

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Electronics manufacturing is particularly exposed to problems caused by the COVID-19 pandemic, largely thanks to a combination of just-in-time manufacturing processes and a far-flung network of suppliers. Last week, analysts at research firm S&P Global painted a bleak picture, citing a 59.5% decline in US seaborne imports from China during the first three weeks of March 2020, resulting from China's nation-wide lockdown. Meanwhile, subcontracting firms such as Foxconn, are considering moving their operations outside of China where possible. One of Apple's manufacturing partners, Wistron Corp, recently stated that half of its capacity could reside outside China within one year. Electronics...

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With over 90,000 confirmed cases and over 3,000 deaths, the coronavirus has already spread to over 70 countries in a matter of weeks. Although the situation in China appears to be stabilising, new cases from South Korea, Italy, Iran and beyond are being identified. The World Health Organisation (WHO) has increased the risk assessment of COVID-19 to 'very high' on a global scale, amid fear that the virus could go in ‘any direction’. The outbreak has eclipsed most headlines, and for good reason. The impact of COVID-19 on supply chain, logistics, and the global economy as a whole is worrying....

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The spread of the coronavirus, also known as Covid-19, has rattled the electronics industry. From smartphones to LCD televisions, a significant volume of the world’s consumer technology is manufactured in China, or relies on parts made there. China is the world’s largest manufacturer of smartphones, computers and televisions, exporting billions of dollars of electronic goods annually. The new coronavirus has had an obvious and immediate impact on that productivity, with factories and offices halting operations across the country. According to analysts, the global electronic supply chain is likely to take a serious hit, depending on how quickly the virus spreads,...