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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.

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

Research firm Gartner, along with several top semiconductor industry executives, believe the global chip shortage will extend into 2022. However, the group also provided OEMs with three tips on how to endure the bottleneck.

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.

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

Our latest entry in the Electronic Components Industry Trends series for 2021; contactless entry systems are already in high demand for obvious reasons. What are some of the components going into these helpful and life-saving systems? Find out here on Sourcengine.

Though the electronic components industry has been riddled with shortages due to the automotive sector, it doesn't mean that development stops in other verticals. One to watch in 2021? Wearables. The pandemic has taken this vertical to new heights as everyone looks to monitor personal health.

Contributing to the ongoing shortage felt industry-wide right now, advanced infotainment and cockpit systems in cars will be a driving trend in 2021. Learn more on where the industry is heading in the immediate future.