.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
1.18.2024
NASA's Lunar Race and the Heavy Bet on Private Companies
In the quest for lunar exploration, NASA's recent setbacks highlight the inherent risks associated with its strategy of leaning heavily on private companies. The United States, engaged in a race to the moon with China, faced two significant setbacks this week, underscoring the complexities and potential pitfalls of relying on the private sector for such ambitious space missions.
Read More
News
1.17.2024
Chinese EV Innovators Embrace NVIDIA DRIVE Orin for Automated Driving Technology
Four major Chinese EV brands, Li Auto, Great Wall Motor, Zeekr, and Xiaomi, have opted for NVIDIA's cutting-edge DRIVE technology to power their automated driving systems. Each automaker plans to leverage NVIDIA's DRIVE Orin platform for functionalities like assisted driving, parking, and emergency braking, while highlighting their respective strengths.
Read More
News
1.17.2024
Apple Stumbles in China: Can it Recover in 2024?
In contrast to a global smartphone rebound, Apple's China sales plunged 30% in a week. Analysts attributed this decline to the fierce local competition from Huawei, fueled by its Mate 60 series and rising market share. Apple faces potential double-digit shipment declines in 2024, reflecting the intense Chinese market were Android's innovation challenge Apple's closed ecosystem.
Read More
News
1.17.2024
Smartwatches Expected to Rebound in 2024 with Growth Rate of 17%
Smartwatches and basic ban promises a 10% surge fueled by a 17% smartwatch comeback this 2024. Users seek advanced features, leading manufacturers to focus on high-end models with longer battery life and potentially micro-LED screens expecting an enhanced fitness and health features like blood pressure monitoring to become standard.
Read More
News
1.16.2024
China Aims to Rival SpaceX with its Own Satellite Network
China has announced its ambitious plans to develop a massive satellite constellation that would rival SpaceX's Starlink to solidify China's position as the world's second-largest satellite operator, as it aims to compete with Europe and the United States in the growing satellite industry.
Read More
News
1.16.2024
Asahi Kasei Ramps Up Production as Semiconductor Market Rebounds
Japanese chemical maker Asahi Kasei has announced plans to invest over $105 million in a new plant in central Japan, to increase its production capacity for liquid photosensitive resin used in semiconductor materials. The company aims to meet the rising demand for this material as chips become more advanced and stacked.
Read More
News
1.16.2024
Hertz Backtracks on Electrification: Going Back to Gas-Powered Cars
Car rental giant Hertz selling off 20,000 electric cars, citing high repair costs, sinking used car prices, and weak customer demand dampening their profitability and marking a stark contrast to their 100,000 Tesla order just three years ago.
News
1.15.2024
Chipmaker SMIC Scores Breakthrough in Lithography Technology
Despite US sanctions and reliance on foreign chipmaking equipment, China has made significant strides with Shanghai Micro Electronics Equipment Group (SMEE) building a 28nm lithography machine. This breakthrough, while not cutting-edge, is crucial for mass-market electronics like smartphones and EVs and could narrow China's gap with global leaders by years, paving the way for self-sufficiency in essential components amidst ongoing geopolitical tensions.
Read More
News
1.15.2024
EuroGroup Laminations Gears Up for EV Growth with Expansion Plant in Mexico
Italian electric motor component maker EuroGroup Laminations is gearing up for the North American EV boom with a $55 million expansion in Mexico. The new plant in Queretaro will boost production of stators and rotors, crucial components for major automakers like Volkswagen and Ford, and secure €3.5 billion in orders through 2028, solidifying EuroGroup Laminations' position as a key player in the region's electrifying future.
Read More
News
1.12.2024
Germany Eyes Green Partnership with the Philippines
German Foreign Minister Annalena Baerbock's visit to the Philippines signaled potential investments in renewable energy and raw materials imports but stressed the need for clearer investment regulations to attract Germany's conservative investors. She also championed negotiations for a Philippine-EU free trade agreement, potentially opening doors for broader economic ties, while requiring the Philippines to address ambiguity surrounding foreign investment rules.
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.
