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Foxconn and Stellantis announced plans to form a new company called Mobile Drive. The new firm will develop digital cockpit platforms that include integrated 5G connectivity among other next-generation features.

GlobalFoundries recently inked a three-year, $1.6 billion wafer supply deal with AMD. It also entered a new partnership with Raytheon to develop 5G and 6G wireless networking components.

The South Korean government recently announced its domestic semiconductor manufacturers are investing $451 billion to upgrade their capabilities through 2030. Samsung is leading the way with a $150.9 billion expenditure.

AlixPartners, a global consulting group, estimates the global component shortage will reduce the auto industry’s revenue by $110 billion in 2021. It previously pegged the sector’s annual losses at $60.6 billion.

IBM recently made history by developing a process to manufacture 2nm semiconductors. Its innovation paves the way for a new generation of consumer and commercial electronics.

A new group of top chipmakers and Big Tech firms recently asked Washington to ramp up funding for the American semiconductor industry.

One of the most powerful means of digitalization in the electronic manufacturing space is through application programming interfaces (APIs). Learn more about 3 specific API integrations that Sourcengine has available for companies and their procurement departments..

Intel will spend $4.1 billion to expand and modernize its manufacturing capabilities in New Mexico and Israel. It is making the upgrades as part of its IDM 2.0 initiative.

Amid unprecedented worldwide disruption, electronics OEMs need to rethink how they do business in the global semiconductor industry. Sourcengine can help original equipment manufacturers tackle those challenges head on.

Foxconn and Yageo Corporation are combining resources to found a semiconductor company called XSemi. The new firm will focus on developing inexpensive “small ICs.”