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Samsung Electronics Posts 23% Rise in Profit as Pandemic Spurs Chip Demand

Samsung Electronics Posts 23% Rise in Profit as Pandemic Spurs Chip Demand
Samsung Electronics has posted surprisingly robust second-quarter profit, driven by high demand for computer chips amid the new work-from-home economy, despite coronavirus affecting smartphone sales. Beating analyst’s forecasts, the world’s largest manufacturer of memory chips, smartphones and electronic displays posted operating profit for the April-June period at 8.1tn Won ($6.8bn), up 22.7% of last year. The group’s results indicate the health of Asia’s technology sector in the second quarter, during which the pandemic battered global economies. Chip prices were strengthened by data centres stockpiling chips on account of the surge in online activity. However, analysts warn that this trend would...

Electronic Component Manufacturers Face Lengthy Recovery from COVID-19

Electronic Component Manufacturers Face Lengthy Recovery from COVID-19
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...

Electronics Now Account for 40% of a Car’s Cost

Electronics Now Account for 40% of a Car’s Cost
As the comfort and safety levels in cars have constantly improved over time, so have the electronics they carry. Cars are evolving into computers on wheels, and this is driving up their cost; a recent study reveals that electronics now make up 40% of a vehicle’s price tag. According to a new Deloitte analysis, the automotive industry has changed dramatically since 2004, when only 25% of cars had airbags, and less than 50% had power seats. The volume of electronic components in vehicles has significantly increased since then, largely owing to safety regulations. The report notes in particular that 2004...

Component Sense Covid-19 Update

Component Sense Covid-19 Update
We want to reassure our customers, clients and business partners that while the coronavirus (Covid-19) situation is evolving and creating increasing uncertainty across the markets, Component Sense is currently still trading and shipping orders. Based on the location of our headquarters, employees, and on the advice of respective local governments, a large part of our global team are now working remotely in order to achieve social distancing. This is to both safeguard our staff and to ensure that we can continue to provide a high level of service. We will keep you updated with any developments as information comes to...

Coronavirus is Disrupting the Electronics Supply Chain

Coronavirus is Disrupting the Electronics Supply Chain
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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