.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
.jpg?resizemode=force&maxsidesize=160)
News
6.23.2023
Sales of Electric Heavy Trucks to Soar in China
The sales of electric heavy trucks in China are projected to increase significantly by 2025 and 2030. The government's support for the development of the EV industry has been instrumental in driving the adoption of electric commercial trucks. The projected surge in sales of electric heavy trucks in China represents a significant milestone in the country's journey towards sustainable transportation.
Read More
News
6.23.2023
AWS Considers AMD’s New AI Chips for Enhanced Artificial Intelligence Capabilities
Amazon Web Services (AWS) is considering using AMD's AI chips to improve its AI capabilities. AMD's AI chips are designed to handle complex workloads more efficiently, which could give AWS a competitive advantage in the rapidly evolving AI landscape. A partnership between AWS and AMD could benefit both companies and the AI industry.
Read More
News
6.23.2023
Intel Invests $4.6 Billion in New Semiconductor Facility in Poland, Boosting European Chip Production
Intel has announced plans to invest $4.6 billion in a new semiconductor assembly and test facility in Poland. The facility is expected to create 2,000 jobs and increase chip production capacity in Europe. Intel CEO Pat Geisinger cited Poland's infrastructure, talent pool, and favorable government support as reasons for choosing the location.
News
6.22.2023
Micron Technology Faces Setback in China Due to Cybersecurity Concerns
The CAC found that Micron's products pose serious network security risks to China's critical information infrastructure supply chain. As a result, the CAC has blocked sales of Micron products to operators of critical information infrastructure. This decision is a setback for Micron, which has been expanding in China. Micron is working to address the security concerns, but it is uncertain when sales will resume.
Read More
News
6.22.2023
Intel Nears Agreement with German Government for Increased Subsidies
Intel is close to reaching an agreement with the German government to receive 9.9 billion euros ($10.83 billion) in subsidies. The funding will be used to expand Intel's manufacturing capacity and develop new technologies. The agreement is a sign of Germany's commitment to fostering semiconductor innovation and supporting Intel's presence in the country.
Read More
News
6.22.2023
GlobalFoundries and Lockheed Martin Partner to Develop Chip Supply for Defense Systems
GlobalFoundries and Lockheed Martin are partnering to secure a domestic supply of semiconductors for defense systems. The collaboration will combine GlobalFoundries' manufacturing facilities with Lockheed Martin's defense technology expertise to reduce reliance on foreign sources, mitigate supply chain risks, and accelerate the deployment of advanced defense systems.
Read More
News
6.22.2023
US Administration to Allow Top Semiconductor Manufacturers to Expand Operations in China
The US administration has announced plans to allow leading semiconductor manufacturers from South Korea and Taiwan to expand their chip-making operations in China without facing reprisals from the United States. This is a significant development, as it represents a shift in the US approach towards semiconductor manufacturing in China and could have far-reaching implications for the global semiconductor industry.
Read More
News
6.22.2023
Global Semiconductor Materials Market Reaches Record $73 Billion in 2022
The global semiconductor materials market experienced significant growth in 2022, expanding by 8.9% and reaching a record value of $72.7 billion. This growth was driven by the continuous expansion of the global semiconductor industry, the increasing demand for advanced semiconductor devices, and the rising adoption of new technologies. The market is expected to continue to grow in the coming years, reaching a value of $88.2 billion by 2026.
Read More
News
6.22.2023
Chinese NEV Manufacturer, NEO, Implements Price Reduction and Alters Service Policy
Chinese electric vehicle maker Neo announced that it would lower prices for all its models by 6-9% from June 12th. The price cuts will apply to all of Neo’s current models, including the ES6 and ES8 SUVs. Neo also announced that it would end the free battery swapping services to new buyers. The price cuts come as Neo faces mounting pressure over earnings losses and lukewarm sales.
Read More
News
6.22.2023
Automotive Giants Ford and GM See Strong Demand for New Vehicles
The outlook for the automotive industry remains positive, as the strong consumer demand presents an opportunity for Ford, GM, and other automakers to showcase their latest models and technologies. Executives from both companies are optimistic about their full-year performance and believe they could outperform their previous projections if the current demand persists.
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.
