- smt007 Magazine
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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- smt007 Magazine
Global Economy Continues to Cool; Is Recession Imminent?June 2, 2023 | IPC
Estimated reading time: 1 minute
Per IPC’s May 2023 Economic Outlook report, the global economy continues to cool, but not quite as severely as expected at the start of the year. Stronger-than-expected growth in 2023 will come at the cost of weaker growth in 2024.
Labor markets remain extremely strong, despite the widely held view that recession is imminent. Both the United States and Europe are enjoying record low levels of unemployment. Strong labor markets and solid wage growth are likely to keep inflationary pressures stubbornly high.
"Consumer confidence fell sharply in the last month, erasing half of the gains since the all-time low levels of June 2022. Business confidence has also been weak. Manufacturers report a subdued outlook in both the U.S. and Europe,” said Shawn DuBravac, IPC chief economist. “Leading economic indicators continue to suggest a high risk of recession this year, even if the timing continues to push later into the year,”Du Bravac added.
Additional data in the May 2023 IPC Economic Outlook show:
- U.S. consumer sentiment fell in May, declining nearly 7 percent. The debate over the debt ceiling likely contributed to some of this decline.
- U.S. manufacturing sentiment contracted for the fifth consecutive month in April. The manufacturing PMI rose 0.8 percentage points in the last month, but not enough to move back into expansionary territory.
- The European economy grew during the first quarter of the year, edging up 0.1 percent in the euro area and up 0.2 percent in the EU.
- Electronics manufacturing output fell in March, decreasing a sharp 5.9 percent from the prior month and 1.7 percent from the year-ago period.
U.S. Government Awards GlobalFoundries New $3.1 Billion, 10-Year Contract for Secure Chip Manufacturing09/22/2023 | GlobalFoundries
The U.S. Department of Defense (DoD) has awarded GlobalFoundries (Nasdaq: GFS) (GF) a new 10-year contract for a supply of securely manufactured, U.S.-made semiconductors for use across a wide range of critical aerospace and defense applications.
Ever since high density interconnect (HDI) was created in 1982 by Hewlett-Packard to package its first 32-bit computer powered by a single chip, it has continued to evolve and provide the solutions for miniaturized products. The leading edge of HDI technology became the process used for organic flip-chip packaging for the semiconductor industry. The two distinct markets—IC substrates and product-system integration—are now colliding and utilizing the same ultra-HDI manufacturing processes.
KIC Revolutionizes Electronics Manufacturing with Innovative Solutions for Soldering and Curing Processes09/21/2023 | KIC
KIC, a renowned pioneer in thermal process and temperature measurement solutions for electronics manufacturing, is thrilled to announce its participation in the upcoming SMTA Guadalajara Expo & Tech Forum.
Intraratio to Feature Industry-Leading Smart Manufacturing Solutions at SMTA Guadalajara Expo and Tech Forum 202309/21/2023 | Intraratio
Intraratio, a provider of enterprise software solutions, is pleased to announce its participation in the SMTA Guadalajara Expo and Tech Forum 2023.
SEMI Semiconductor Climate Consortium and BCG Issue First Insider Report of Semiconductor Value Chain's Carbon Emissions09/21/2023 | SEMI
The SEMI Semiconductor Climate Consortium (SCC) issued its first report of the semiconductor ecosystem's greenhouse gas (GHG) emissions profile, an in-depth analysis of the semiconductor value chain's carbon footprint and priority-ranked carbon emission sources for the industry to address.