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Don’t expect the semiconductor shortage to be solved anytime soon. “The semiconductor situation is going to take a long time to fix,” Secretary of Commerce Gina Raimondo said at the Milken ...
Five countries—Thailand, Indonesia, Malaysia, the Philippines, and Singapore—founded the group in 1967. The bloc has since expanded to include Brunei, Vietnam, Laos, Myanmar, and Cambodia.
Taiwan is the leader of the global semiconductor industry, with TSMC alone accounting for more than 50% of the global wafer foundry market in 2020. [37] In 2021, Taiwan experienced its worst drought in more than half a century, [38] leading to problems among chip manufacturers that use large amounts of ultra-pure water to clean their factories ...
From early 2020, the effects of and the mitigation of the COVID-19 pandemic caused disruptions in supply chains and logistics. This was coupled with a 13% increase in global demand for PCs owing to some countries' shift to a stay-at-home economy, [6] and impacted the availability of key chips necessary for the manufacturing of electronics. [7]
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [30] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund.
Causes of the economic slowdown included workers becoming sick with COVID-19 as well as mandates and restrictions affecting the availability of staff. In cargo shipping, goods remained at port due to staffing shortages. The related global chip shortage has contributed to the supply chain crisis, specifically in the automobile and electronics ...
The tech industry has long pushed to expand the number H-1B visas granted by the government to bring skilled workers to the U.S. from India, China, Canada, Korea, the Philippines and other countries.
The electronics industry is the economic sector that produces electronic devices. It emerged in the 20th century and is today one of the largest global industries. Contemporary society uses a vast array of electronic devices that are built in factories operated by the industry, which are almost always partially automated.