Covid Outbreak Shuts Down Taiwan Factory and Production, Causing Further Disruption for the Chip Shortage

We buy excess electronic components

A cluster of Covid-19 infections at a factory in central Taiwan temporarily stopped operations at one of the world’s largest chip-testing companies, the latest sign of potential disruption to a technology supply chain already struggling from component shortages.

King Yuan Electronics Co. shut down its main plants in Miaoli County over the weekend and reported 182 confirmed cases as of June 5, according to Taiwan’s Centers for Disease Control. Most of those are among its foreign workers, including the factory floor staff. The government placed all 2,000 of its overseas workers, around 30% of its workforce, into 14-day quarantine, and the company has turned to temporary local workers to get its production lines running again at lower-than-normal production volumes.

Taiwan’s outbreak highlights the threat posed by the global technology supply chain’s reliance on a small number of key players. Taiwan’s chipmaking industry is a crucial supplier, and potential choke point, for companies across a wide array of sectors, from consumer electronics, to server farms to the auto industry.

Companies are already dealing with a chip shortage that has slowed production and shuttered whole automaking plants, prompting the U.S. and China to explore ways to boost their own domestic production.

While manufacturing data indicate Taiwan’s technology exporters have been little affected so far, a report by IHS Markit last week warned that Taiwan experienced severe supply chain delays in May as companies built out their inventories in an effort to protect themselves against raw material shortages and surging costs.

iBuyXS Can Help You With Your Supply Chain Needs

Contact one of our product specialists who will quickly respond to your critical supply chain needs at (727) 218-1806 or click the button below.

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#Chipageddon Creates Soaring Profits For Chip Manufacturers

We buy excess electronic components

Welcome to 2021, #Chipaggeddon.

A new report shows that in the face of unprecedented demand, chip manufacturers are increasing the price of wafers, leading to exceptional revenues across the industry. A wafer is a thin slice of semiconductor, such as a crystalline silicon, used for the fabrication of integrated circuits and, in photovoltaics, to manufacture solar cells.

With electronics manufacturers around the world scrambling to secure components in the midst of a global shortage of semiconductors, chip factories are working at full speed – and seeing the benefits of such a sudden boom in demand. 

Since the start of the COVID-19 pandemic last year, in effect, the demand for semiconductors has sky-rocketed. Companies deployed laptops and smartphones to their newly-remote employees, schools and universities brought learning programs online, and users stuck at home turned to tablets, games consoles and TVs to keep themselves busy during months of lockdown.

As a result, product manufacturers ramped up their demand for the semiconductors that power most modern-day electronic devices. The sales of semiconductors used in PCs, for example, jumped by more than 17% compared to 2019.   

In other words, foundries have been operating at their maximum capacity; yet they are still unable to fully meet the demand for chips, which has led to a global shortage of semiconductors that is now trickling down to industries ranging from automotive to home appliances. 

There is no sign of demand for semiconductors wavering in the next few months. The trend is likely to last for as long as additional capacity is needed to produce semiconductors – which isn’t expected to happen until at least the end of the year. TSMC, for one, has pledged $100 billion to boost capacity, but due to the complex nature of chip manufacturing, foundries will take some time to come online. According to analysis firm Gartner, semiconductor supply will only reach normal levels again from the second quarter of 2022 onwards. 

Do you need help finding a part? iBuyXS can help you find stock, and at reasonable prices.

We utilize our EPIC program, Excess Placement and Inventory Control, to match one OEM’s surplus with another’s shortages and cost-savings opportunities, to create a higher return for the OEM with the excess, and a shorter lead-time for the OEM that needs it.

Keep your production lines running by procuring the electronic components you need from iBuyXS. 

Contact one of our product specialists who will quickly respond to your critical supply chain needs at (727) 218-1806 or click the button below.

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This Is The Last Week To Liquidate Dead/Excess Electronic Inventory For Q3 2020

At iBuyXS we focus on the immediate liquidation of Electronic Components, Board-Level components, and related items and equipment. We want to buy your excess electronic components! For more than 20 YEARS we have excelled at quickly, and efficiently conducting international bids that result in the fastest turnaround possible. From the time you send us your Excel Spreadsheet with your inventory we can immediately do a value analysis and give you an initial appraisal within 1 hour of receipt! 

Our professional marketing team will then prepare and send out an offering to up to 200+ international excess buyers in order to get the best offer possible. If you are motivated to clear space in your warehouse and get an immediate return we can have your excess liquidated and out the door within 3 days!

If you are not the person at your company that handles the excess please share this blog with them, or simply direct them to: iBuyXS.com

Click the button below for a free excess appraisal:

iBuyXS is Ready to Capitalize OEM Excess Right Now!

Our staff is fully digital, remote, and 100% operational. We want to buy your excess electronic components inventory. Our network of excess buyers is fully loaded, aggressive and hungry right now. We will make it through this and we will be so much stronger, by keeping our heads up and doing all we can. 

Whether you have surplus electronic components, Industrial automation equipment, digital cameras, or any other electronics-related excess, we can help you remonetize that slow or dead inventory. We buy excess electronic components.

In our industry for the past several years large EMS and OEMs buy JIT (Just in time) to stay lean and free up cash flow. When the economy sharply halted in the past few weeks that has left many companies with inventory meant for production, or finished goods meant for the market that is now stagnating. With sales down and manufacturing staff impacted one viable option is to liquidate that inventory to free up capital.

We will give you an offer within 24 hours in most cases! iBuyXS, empowering OEMs to maximize ROI for their excess inventory.