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Semiconductor crisis forces top-level action

April 13, 2021 by www.vir.com.vn

1539 p11 semiconductor crisis forces top level action
Semiconductor crisis forces top-level action. Source: freepik.com

The world’s semiconductor industry sales hit $40 billion for the month of January – a rise of 13.2 per cent on-year, revealed the Semiconductor Industry Association.

Now, consumers are having to deal with price hikes and a lack of products from automobiles and videogames to TVs and smartphones as a global shortage in semiconductors grows.

The shortage in chips, the so-called “brain” within every electronic device, has been slowly getting worse since last year, according to The Guardian. Temporary delays in supplies as factories shut down due to the coronavirus pandemic caused initial issues. However, although production is somewhat back to normal, surges in the demand driven by new habits stemming from the pandemic is causing the situation to worsen.

Mainly, a boom in sales of TVs and computers, the launch of brand new videogame consoles, and arrival of 5G-enabled mobile phones have all driven the demand.

The crisis has even affected Apple, the biggest buyer of semiconductors at $58 billion annually. It was forced to delay the launch of the iPhone 12 by two months last year as a result of the shortage.

“Chips are everything,” said Neil Campling, media and tech analyst at Mirabaud. “There is a perfect storm of supply and demand factors going on here. But there is a new level of demand that can’t be caught – everyone is in crisis and it is getting worse.”

In possibly the most shocking development, Samsung – the world’s second-largest buyer of chips – last month said it might have to postpone the launch of a high-end smartphone, despite also being the world’s second-largest producer of chips.

“It is incredible that Samsung sells $56 billion of semiconductors to others, and consumes $36 billion of them itself, finds it may have to delay the launch of one of its own products,” said Campling.

Ford meanwhile recently cancelled shifts at two car plants and said profits could be hit by up to $2.5 billion this year due to chip shortages, while Nissan is delaying output at plants in both the United States and Mexico. General Motors also said it could face a $2 billion profit hit.

In February Sony, which along with other console makers has struggled with stock shortages over the last year, said it might not hit sales targets for the new PlayStation 5 this year. Its rival, Microsoft’s Xbox, forecasts supply issues continuing at least until the second half of the year.

In a bid to unblock the jam, governments are now getting involved. CNBC reported a fortnight ago that US President Joe Biden is looking to place $37 billion into the sector in an attempt to lower America’s reliance on overseas supply chains. Biden said at the end of March, “We shouldn’t have to rely on a foreign country to provide for our people. We need to sharpen America’s competitive edge by investing here at home.”

But countries including the US and Germany have also reached out to Taiwan to help remove bottlenecks in production. Along with the pandemic, the new administration believes the semiconductor shortage was exacerbated by the previous president’s actions against China.

“Manufacturing of microelectronics in the US has reached a historic low, and this is a big problem for us,” said Terry Halvorsen, IBM’s general manager for Client and Solutions Development.

Taiwan dominates the outsourcing of semiconductor manufacturing. Its contract manufacturers together accounted for more than 60 per cent of total global revenues in the field in 2020, according to Taipei-based research firm TrendForce. Much of its dominance is due to Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC), the world’s largest foundry. TSMC accounted for 54 per cent of all revenues via outsourcing of semiconductor manufacturing globally last year.

Dan Wang, a technology analyst at research firm Gavekal said, “Looking at market share, TSMC manufactures around 50 per cent of all semiconductors in the world – and I think that still understates how important it is because these are some of the most advanced chips out there.”

At the start of March, TSMC said it plans to invest $100 billion over the next three years to increase capacity. The move came after Intel Corporation’s announcement to spend $20 billion on the expansion of advanced chip-making capacity.

“Ultimately, securing the microelectronics supply chain of the US and its allies is a challenge they need to face now,” Halvorsen of IBM noted. “It’s the only way we can ensure sustainable long-term capability in this critically important area.”

The last big supply shock for the industry was a decade ago after the Fukushima earthquake damaged operations at Renesas Electronics, the number three supplier of auto chips.

By Quang Hai

Filed Under: Corporate Semiconductor, smartphones, automobiles, Samsung, Investing, crisis force nes rom, 01.04 forces in action, 01.04 forces in action prezi, nullification crisis force bill, semiconductor vacuum level, semiconductor donor level, low level injection in semiconductor, unrelenting force level 3, 01.04 forces in action lab, obi wan force level, hurricane force levels, post-crisis follow-up action plan

Hanoi gets to meet Thich Nhat Hanh’s calligraphy

April 14, 2021 by e.vnexpress.net

The “Huong Thom Que Me” (The Fragrance of Motherland) exhibition, held April 14- 26, displays 100 works of calligraphy in various languages including Vietnamese, English, French and Chinese.

The works reflect the Zen master’s love for Mother Earth, who nurtures and protects all sentient beings.

The exhibition takes its name from the title of a new book that features Thich Nhat Hanh calligraphy.

According to Eve Yuen, a Hongkong-based art critic, Hanh’s works are choreographic calligraphy that exude exquisite qualities, incorporating straight and solid lines as well as flowing curves in a balanced composition.

The works were earlier displayed in France, Germany, Canada, the U.S., Thailand, Taiwan, Hongkong, and Ho Chi Minh City.

Calligraphy works by Thich Nhat Hanh. Photo by VnExpress/Thanh Tuyen.

Calligraphy works by Thich Nhat Hanh. Photo by VnExpress/Thanh Tuyen.

The Zen master said he has done more than 10,000 calligraphic works since 1994. They have helped him demonstrate the art of mindful living to his students. They have become a source of donations supporting humanitarian projects in many developing countries.

“Writing calligraphy is a practice of meditation,” the Master has said.

“The way I do calligraphy, I do it in a certain way that can generate the energy of mindfulness, concentration, insight, and compassion during the time of practice.”

Thich Nhat Hanh, considered the second most influential Buddhist leader in the world after the Dalai Lama, studied and practiced Zen Buddhism from 1942.

Born in 1926, he became a monk at the age of 23 after studying Buddhism for seven years.

In the 1960s he spearheaded a movement by Buddhists in southern Vietnam that called for a negotiated end to the Vietnam War.

He left the country in 1966 and lived in Plum Village in southern France for decades, traveling regularly throughout North America and Europe to give lectures on mindfulness and peace.

Thich Nhat Hanh is also a celebrated poet and peace activist. He was nominated for the Nobel Prize by Martin Luther King, Jr. in 1967, and is the author of more than 100 books, including several bestsellers like the “The Miracle of Mindfulness.”

Filed Under: Uncategorized Thich Nhat Hanh, Zen, exhibition, Hanoi, Hanoi gets to meet Thich Nhat Hanh’s calligraphy - VnExpress International, thich nhat hanh 2019, thich nhat hanh spreuken, thich nhat hanh nederland, thich nhat hanh thuyet phap, five remembrances thich nhat hanh

Paris Agreement support project to be accelerated in Vietnam

April 14, 2021 by vov.vn

The VN-SIPA scheme, that uses a non-refundable official development assistance (ODA) from Germany, was previously granted approval by the Prime Minister back in April 2019. It is set to be implemented nationwide over a four-year period until 2023, with a total capital of EUR10.3 million.

The ultimate aim of the project is to strengthen the legal framework and national capacity to support the implementation of the Paris Agreement on climate change, with a specific focus on implementing the nation’s Nationally Determined Contribution (NDC).

Addressing the event, Deputy Minister of Natural Resources and Environment Le Cong Thanh stated that the VN-SIPA project is of great importance to Vietnam as its success will contribute to both the implementation of the NDC and the Paris Agreement on climate change.

Deputy Minister Thanh therefore requested delegates to discuss effective implementation measures and to consider a 2021 plan for the project. A primary focus will be on strengthening State governance in response to climate change, and enhancing the nation’s role and responsibility as a party to the Paris Agreement and the UN Framework Convention on Climate Change (UNFCCC).

Weert Börner, deputy ambassador of Germany to Vietnam, pointed out that Vietnam is one of the first to develop a concrete action plan for its implementation, as well as submitting and updating its own NDC.

The VN-SIPA project will serve to assist the Vietnamese Government when it comes to building the necessary conditions in line with the Paris Agreement, Börner said. The scheme aims to achieve adaptation and mitigation gains that will bring about environmental, social, and economic benefits, especially in terms of reducing CO2 emissions which occur in national economic activities.

Vietnam completed an NDC update and handed in its report in September, 2020, thereby becoming one of the 20 nations globally to submit its update.

The project has served to support the development of a climate change adaption chapter of the revised Law on Environmental Protection in 2020, laying the foundation to further build legal corridors on the local climate change response. It has also supported the formulation of various documents on climate change management across a number of industries, such as aviation, agriculture, and construction.

Members of the steering board also touched upon issues in order to complete the tentative plan for major activities which will be carried out in the year ahead.

Filed Under: Uncategorized Paris Agreement, climate change, VN-SIPA, non-refunadable, official development assistance, ODA, Nationally Determined Contribution, NDC, Society, Paris..., criticisms of the paris agreement, paris agreement 2015 summary, nationally determined contributions paris agreement, us withdraws from paris agreement, paris agreements, who signed the paris agreement, us leaves paris agreement, ratification paris agreement, paris agreement summary, about paris agreement, paris agreement cop21, mayors for paris agreement

Over 300 enterprises joins Vietnam Expo 2021

April 14, 2021 by vov.vn

The four-day event has attracted the participation of 320 enterprises from Cuba, Russia, Germany, Japan, the Republic of Korea, China and Vietnam showcasing their products at 300 stands.

On display are an array of products representing a wide range of sectors, including machinery and supporting industries, digital technology and e-commerce, food, beverages, and consumer goods.

Themed “Step together in a digitized world”, Vietnam Expo 2021 offers both offline and online booths, conferences and B2B webinars taking place via e-commerce platforms.

Speaking at the opening ceremony, Deputy Minister of Industry and Trade Do Thang Hai expressed his belief that the application of information technology, digital platforms and trade promotion in this year’s fair will greatly help enterprises with their recovery and development plans.

Filed Under: Uncategorized Vietnam Expo 2021, Vietnam International Trade Fair, e-commerce, digital platforms, Economy, ..., vietnam manufacturing expo, vietnam auto expo 2017, social enterprise in Vietnam, Vietnam Expo, nu skin enterprises vietnam llc, EXPO Vietnam, Vietnam Manufacturing Expo 2016, Vietnam Expo 2017

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