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.
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.
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.