Biden signed an executive order that should bolster the US chip manufacturing market. America has always been a leader in chip wafer design and production, but every year there is a slight decline in market share. On the other hand, China is making up to a $1 trillion in investment into their chip market while they continue to gain market share. This is not only a financial concern, but also raises security concerns. The current shortage of electronic components is a great example of how the reliance on production in other countries could be a detriment to overall production in the US. Biden’s executive order may make the difference, but it will not be soon enough to solve our current dilemma.
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Robb Hammond is the President of AERI and the former chair of the Aerospace Industry’s Counterfeit Electronic Components Mitigation Standard for independent distributors, AS6081, which has become one of the industry’s most respected documents, as well as being adopted by the Department of Defense. Robb is one of the foremost thought leaders in the industry on counterfeit detection and speaks regularly at conferences around the globe.