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Although the supply of critical electronic components and semiconductors has increased in 2024, even to the point where excess inventory is again becoming a concern, this has not negated many of the risks typically associated with times of part scarcity. Chief among these risks is the continued rise of counterfeit components. According to a recent…
While there will always be minor ebbs and flows analyzing any market, long-term the electronic component market will almost assuredly grow to unprecedented levels. Over the next five years, it is anticipated that the market will be valued at nearly $900 billion, driven primarily by exponential demand increases in market such as automotive, healthcare, consumer…
Counterfeit components represents far more than financial and reputational risk for the manufacturer. In some cases, human lives are very much at stake. Failure to properly safeguard supply chains against a rapidly expanding gray market of both substandard and outright counterfeit parts can have the direst consequences one can imagine. A recent article in the…
Counterfeit Markets On the Rise One of the unfortunate side effects of setbacks is that they often cause other setbacks. As they say, when it rains, it pours. One of the strongest examples of this is in the 2022 supply chain crisis, particularly in the global electronic component and semiconductor supply chain. 2021 into 2022…
One of the major and unfortunate consequences of a global supply chain disruption like the one still being felt today is that it opens up opportunities for bad actors. And almost like clockwork, recent reports have been circulating through the news cycle that the number of counterfeit chips and components within supply chains has exponentially…
Crisis, for someone, always breeds opportunity — although sometimes that opportunity is not what society considers ethical. One example that typically arises in global chip shortages is the radically increased numbers of counterfeit chips that find their way into designs ranging from basic consumer tech to highly specialized equipment such as healthcare devices and military…