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Learn More
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Contact Us
- 1-800-290-5066

Electrifying Expectations: A Sneak Peek into the Shocking World of Electronics in 2024

Kelley Britton-Kant
November 13, 2023
4:09 pm
0 comments

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As the tech community gears up to say goodbye to another year, the focal point in the minds of enthusiasts is the future of the ever-evolving electronics landscape in 2024. Drawing on our tech-savvy intuition, we have some intriguing forecasts for the upcoming year.

Get ready, because 2024 might just be the year the semiconductor industry bounces back with a vengeance. The lead times are finally steadying, and we're poised to power through the inventory overhang that put a temporary speed bump on sales. Brace yourselves for more predictable pricing and smoother lead times in the coming months. Chaos might knock on our doors occasionally, but it's about to become the exception rather than the rule.

Mid-2024 could be the golden hour for semiconductor sales, fueled by the relentless rise of artificial intelligence (AI). The ambitious dreams of implementing AI on a grand scale will demand a colossal amount of computing power. To weave this technological tapestry, original equipment manufacturers (OEMs) will be on a chip-shopping spree, creating a surge in demand.

While the automotive sector might tap the brakes a bit, electric vehicles are putting the pedal to the metal, integrating more chips than ever. This surge in demand is a lifeline for component sales. As the year progresses, expect industrial demand to stage a comeback. Consumer chip sales might play catch-up, but these alternative opportunities will keep the industry's heartbeat strong.

But wait, it's not all sunshine and rainbows in the tech cosmos. We'll need to keep a keen eye on component manufacturing capacity. The industry's shift towards cutting-edge technologies and the ongoing trend of semiconductor consolidation will inevitably trigger more product discontinuance notices (PDNs) and end-of-life (EOL) notifications. Brace yourselves, industries with long product life cycles – industrial, medical, aerospace, and defense – you're in for a wild ride. The key to survival? Embrace design for manufacturability and cultivate robust relationships with the distribution chain to weather the storm.

As if that weren't enough, the plot thickens with geopolitical shifts throwing a curveball at the electronics industry. Every war sends ripples through the supply chain, introducing an unpredictable wildcard. Yet, fear not – 2024 is set to be a good year overall.

In the fast-paced world of electronics, buckle up for a rollercoaster ride into 2024 – a year promising revival, challenges, and the undeniable thrill of technological advancement. Are you ready to plug in?

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Electrifying Expectations: A Sneak Peek into the Shocking World of Electronics in 2024

Brace yourselves for more predictable pricing and smoother lead times in the coming months. Chaos might knock on our doors occasionally, but it's about to become the exception rather than the rule.

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