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In this issue, we (and AI) explored how and when artificial intelligence plays a role in manufacturing today. Whether on the factory floor, or in the front office, AI applications are emerging and changing how we approach planning, processes and problem solving.
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Electronics Manufacturers Reporting Cautious Optimism, Especially for Second Half of 2023May 31, 2023 | IPC
Estimated reading time: 1 minute
Per IPC’s May 2023 Global Sentiment of the Electronics Supply Chain Report, cost pressures continue to recede and demand remains positive for now, leading to a cautiously optimistic global electronics industry sentiment.
“Geopolitical factors, along with the continued impacts of inflation and rising nterest rates, have led manufacturers to describe the current economy as slow, uncertain, challenging, difficult, volatile, and unpredictable,” said Shawn DuBravac, IPC chief economist. “However, despite current conditions, the outlook for 2023 is relatively positive, with manufacturers expressing optimism and expecting growth, especially in the latter half of the year.”
Additional survey results indicate:
- The majority of respondents are still reporting that labor costs and material costs are rising, but the number of companies experiencing rising costs continues to decline. Only 49% of companies believe material costs will rise in the coming months, the first time this has fallen below 50 percent.
- Ease of recruiting skilled workers has also improved to its highest level since the survey began.
- The Orders Index slipped to 101. This is still in expansionary territory, but it is the lowest level seen since the start of the survey.
- Orders are expected to decline more so for firms operating in North America versus those in Europe, who instead are more likely expecting orders to remain stable.
For the report, IPC surveyed hundreds of companies from around the world, including a wide range of company sizes representing the full electronics manufacturing value chain. View the full report.
AT&S is working on the EECONE (European ECOsystem for greeN Electronics) project to develop new technologies to make electronics production in Europe more sustainable.
Join iNEMI and ZESTRON in Shenzhen on October 13 for a full-day workshop on reliability requirements and challenges for automotive electronics and to share the latest information about standards development for this market segment.
SMTA is pleased to announce Catherine Wong, Foothill College, has been selected as the recipient of the 2023 JoAnn Stromberg Student Leader Scholarship.
Purdue’s Semiconductor Innovation Ecosystem Grows with CHIPS-funded, Indiana-led Semiconductor Hub and With Upcoming Summit09/25/2023 | Purdue University
Purdue University continues building momentum as America’s leading university in semiconductors, with a broad range of updates this fall semester.
"Electronics systems are at the heart of almost all modern technology. The performance and functionality of these systems have increased at breathtaking speed, chiefly as a result of advancements in semiconductor technology. Semiconductors do not function in isolation," writes Alison James, IPC senior director of government relations, in a 2023 report for the European Commission’s Directorate General for Internal Market, Industry, Entrepreneurship. "These electronics systems feature prominently in key sectors like defence, aerospace, space, automotive, medical, and high-performance computing, but electronics are vital to every industry and are central to a variety of EU priorities, including the twin digital and green transitions and Europe’s technological sovereignty."