.png){kind=logo}
News
Discover The Latest Industry News
Toyota, Nissan, and Honda Join Forces on AI and Chip Development for Next-Gen Vehicles
Toyota, Nissan, and Honda have teamed up to develop cutting-edge AI and semiconductor technologies for next-generation vehicles, focusing on areas like semiconductor chips, APIs, virtual simulation, and cybersecurity. Supported by Japan's Ministry of Economy, Trade, and Industry, this collaboration aims to enhance Japan's competitiveness in the evolving automotive industry. The initiative includes forming the Advanced SoC Research for Automotive (ASRA) group, involving 12 companies, to create high-performance system-on-chip (SoC) technologies for mass production by 2030, marking a significant advancement in software-defined vehicles (SDVs) and autonomous driving capabilities
Read More
News
6.28.2024
Top 5 Wafer Fab Equipment Manufacturers Fell 9% in Q1 2024
Revenues of the world's top five wafer fab equipment (WFE) manufacturers fell 9% year-over-year in the first quarter of 2024 as customers delayed investments in cutting-edge semiconductors, but this was partially offset by strong DRAM demand. Among the top five manufacturers, ASML and Tokyo Electron's revenues fell 21% and 14% year-over-year, respectively. Applied Materials, Lam Research, and KLA all saw single-digit revenue declines compared to 2023.
Read More
News
6.27.2024
Expedera Expands Global Footprint with New Semiconductor IP Design Center in India
Expedera Inc, a leading provider of scalable Neural Processing Unit semiconductor intellectual property, has opened its sixth global development center in Hyderabad, India. This new center aims to address the anticipated shortfall of skilled workers in the semiconductor sector by leveraging India's rich pool of engineering talent and benefiting from the Indian government's $15 billion investment in building a robust semiconductor ecosystem.
Read More
News
6.26.2024
Scale AI Raises $1 Billion to Accelerate Autonomous Vehicle AI Development
Scale AI has raised $1 billion in Series F funding, elevating its valuation to $13.8 billion. This round, led by Accel with participation from new investors like Intel Capital and Amazon, will enhance Scale AI's data labeling and curation platform, crucial for autonomous vehicle development. The funding supports Scale AI's mission to ensure data abundance, which is vital for the continuous scaling and improvement of AI models used by industry leaders such as OpenAI and the Toyota Research Institute.
Read More
News
6.26.2024
Wristwatches Market Shipments to Grow 5% in 2024
According to Canalys: global wearable wristbands market shipments are expected to grow 5% in 2024 to 194 million units. Despite a slight decline of 0.2% in the first quarter of 2024, the market is expected to rebound sharply later in the year, driven by a recovery in smartwatches with 4% growth and the basic watch segment continuing to grow by 10%. However, basic wristbands will continue to shrink by 6% in 2024.
Read More
News
6.25.2024
Foxconn Invests $383 Million in New PCB Manufacturing Plant in Kinh Bắc Industrial Park
Foxconn has invested $383 million to build a new PCB manufacturing plant in the Nam Son - Hap Linh Industrial Park, Bac Ninh Province, Vietnam. The project will produce 2,793,000 printed circuit boards annually, covering an area of 142,693.3 square meters. Since beginning its investments in Vietnam in 2007, Foxconn has now invested a total of $3.2 billion in the country, employing over 60,000 workers across multiple industrial parks.
Read More
News
6.24.2024
Power and RF GaN Markets Set to Soar $1.9 Billion by 2029
The global markets for power and RF Gallium Nitride devices are set to experience significant growth, with power GaN projected to reach over $2.5 billion and RF GaN expected to hit $1.9 billion by 2029. This surge is driven by increasing applications in consumer electronics, automotive, telecom infrastructure, and defense sectors. Key growth drivers include the adoption of GaN technology in fast chargers, electric vehicles, and 5G base stations, alongside innovations and strategic investments by leading companies such as Infineon Technologies and Qorvo
Read More
News
6.21.2024
Apollo Global Management Invests $11 Billion in Intel's Irish Manufacturing Facility
Apollo Global Management is investing $11 billion in Intel's Fab 34 in Leixlip, Ireland, acquiring a 49% equity stake in the joint venture. This strategic move allows Intel to leverage external funding to expand its manufacturing capabilities while maintaining operational control and a 51% stake. The investment supports Intel's "Smart Capital" strategy, aimed at enhancing supply chain resilience without overburdening its balance sheet. The deal is expected to close in the second quarter of 2024, further solidifying Intel's position in the global semiconductor market.
Read More
News
6.21.2024
Semiconductor Manufacturing Sector: A Billion-Dollar Opportunity for Vietnam
Vietnam is positioning itself as a significant player in the global semiconductor industry, attracting major investments from companies like Intel, Hana Micron Vina, Amkor Technology, Synopsys, and Marvell. The U.S. and Vietnam have enhanced their strategic partnership, emphasizing workforce development and technology transfer to boost Vietnam's semiconductor capabilities. By 2024, Vietnam's semiconductor industry is projected to exceed $6.17 billion, aiming to produce branded chips and integrate deeper into the global market.
Read More
.png?resizemode=force&maxsidesize=160)
News
6.20.2024
India Unveils Ambitious ‘Electronic’ Plan to Generate 50 Lakh Jobs in Next 5 Years
The Indian government has launched an ambitious 'Electronic' plan to generate 50 lakh jobs in the next five years by establishing India as a global hub for electronics manufacturing. The plan includes incentives for companies, development of advanced infrastructure, innovation and research initiatives, extensive skill development programs, and support for start-ups and SMEs. Emphasizing sustainability, the plan aims to boost employment, contribute to GDP growth, and position India as a leader in cutting-edge technologies.
Read More
News
6.20.2024
Vanguard and NXP Announce $7.8 Billion Semiconductor Wafer Plant in Singapore
Vanguard International Semiconductor Corporation (VIS) and NXP Semiconductors have announced a joint venture to establish VisionPower Semiconductor Manufacturing Company in Singapore. This $7.8 billion investment will build a 12-inch wafer fabrication plant to produce mixed-signal, power management, and analog products using technologies licensed by TSMC. The facility, expected to be operational by 2027, will enhance global supply chain resilience and reduce dependency on China and Taiwan aligning with the industry's trend toward geographic diversification.
Read More
Why We Are One
Don't Stress, Call One IBS
For over 40 years, IBS Electronics Group has provided a broad range of integrated supply chain and electronicsmanufacturing solutions tailored specific to our customer's operations. As your one source for the industry’s top brands all in one place, our engineers specialize in reducing supply chain complexity and are here to provide you with dedicated support from prototype to production.
.png?resizemode=force&maxsidesize=96)