When Will the Electronics Industry Rebound?

Article reposted from All About Circuits

Just like other business activities, the electronics industry was adversely affected by COVID-19-related shutdowns with many companies facing reductions in purchase orders and, consequently, profits.

Some segments of the electronics and semiconductor industry have suffered more from the ongoing crisis, including those producing components for consumer electronics and automotive technology.  Companies specializing in parts for communication tools and healthcare equipment were typically less affected because their work was deemed essential and thus they were allowed to continue their operations.

Intel’s Fab 42 facility in Arizona will create 10,000 jobs. Screenshot used courtesy of Intel

As restrictions are lifted and more businesses open up, some analysts have predicted that most of the semiconductor industry will rebound later this year or in early 2021.

In this article, we summarize some of the recent predictions about when and how the semiconductors and electronics industry is likely to recover from the losses suffered as a result of the COVID-19 pandemic.

The Impacts of Supply Chain Shortages

At the start of the COVID-19 outbreak, semiconductor supply chains were disrupted because many electronics manufacturers and suppliers are located in Asia.

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Man awaits sentencing for selling counterfeit electronic components

On Friday, March 28, 2014, Pennsylvania resident, Hao Yang, will face sentencing for conspiracy to traffic counterfeit electronic components into the United States from China.

 

After his arrest in June 2013, U.S. Immigration and Homeland Security Investigations identified Yang as a co-conspirator in a scheme to traffic in counterfeit military grade integrated circuits and fraudulently sell them as legitimate American-made parts.

 

From 2010 to June 2013, Yang and his co-conspirators created and operated several companies in Maryland and Pennsylvania to facilitate the conspiracy. In addition, he maintained numerous bank accounts to deposit his illegal commissions and make payments associated with his counterfeit activities. He also used the commissions he received from his co-conspirators to pay for living expenses and other purchases.

 

Counterfeit military electronic components sold in the US pose a threat to national security. By using counterfeit circuits, their malfunction or failure could likely have caused serious bodily injury or impaired military operations, personnel or national security.

 

As part of his plea agreement, Yang will be required to forfeit five bank accounts worth over $59,000, his 2010 Acura purchased with proceeds of the crime, and counterfeit computer software, DVDs, sports jerseys and other items with an approximate value of $280,720. Yang faces a maximum sentence of 10 years in prison.

 

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