Biden rushes to avert labor shortage with CHIPS act funding for workers
To dodge labor shortage, US finally aims CHIPS Act funding at training workers. In the hopes of dodging a significant projected worker shortage in the next few years, the Biden administration will finally start funding workforce development projects to support America’s ambitions to become the world’s leading chipmaker through historic CHIPS and Science Act investments. […]
China nationalizes rare earth resources
China introduced stringent regulations on rare earth elements, effective from October 1. SOURCE: DigiTimes The rules assert state ownership of rare earth resources, prohibiting unauthorized exploitation or damage. They mandate protective mining practices and establish a management framework overseen by key ministries. According to Xinhua, the South China Morning Post, and Reuters, on June 29, China introduced stringent […]
Electronics Industry Sentiment Falls in June, Driven by Weaker Demand and Stronger Cost Pressures
IPC releases June 2024 Global Sentiment of the Electronics Supply Chain Report BANNOCKBURN, Ill., USA – Sentiment among electronics manufacturers fell in June; despite the decline, sentiment remains above its long-term average according to IPC’s June Sentiment of the Global Electronics Manufacturing Supply Chain Report. In a special question about the possibility of Chinese manufacturers oversupplying […]