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The worldwide semiconductor shortage is spilling into and affecting other verticals beyond the automotive industry. Now, industries such as cryptocurrency and solar power are feeling the component squeeze.

Renesas shut down its Ibaraki Factory on Saturday after a 7.3 magnitude earthquake struck off the coast of Japan. Thankfully, no fatalities have been reported. However, the shutdown for safety measures is one more setback in the global semiconductor shortage.

In an unprecedented move, Renesas has successfully made a bid to acquire Dialog Semiconductor, a well-known Apple supplier, for $5.9 billion. How will this reshape the components market moving forward?

Ford has suspended production on its F-150 truck, the most popular selling vehicle in the United States since 1982. The global component shortage continues to wreak havoc on the automobile industry, and it is quickly spilling over into other industries as well.

Our latest entry in the Electronic Components Industry Trends series for 2021; contactless entry systems are already in high demand for obvious reasons. What are some of the components going into these helpful and life-saving systems? Find out here on Sourcengine.

SL Power Electronics harnesses its expertise in the areas of lighting, industrial, and medical fields to release mission-critical products that offer long-term dependability.

China has formed a new committee to standardize the country's semiconductor development. Its primary agenda? The drafting of unified guidelines for developing future high-performance microchips.

Renesas has increased chip production in order to counteract the worldwide microchip shortage. Due to the automotive industry's drain on the vertical, many component fabricators have been forced to up production, prices as well as lead times.

Intel is building out its IPV fabrication and test facility located in Vietnam. The semiconductor giant's total investment to date is $1.5B in the cutting-edge plant, which is strategically situated outside of current tariff war disputes..

Though the electronic components industry has been riddled with shortages due to the automotive sector, it doesn't mean that development stops in other verticals. One to watch in 2021? Wearables. The pandemic has taken this vertical to new heights as everyone looks to monitor personal health.