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BENCHMARK’S PRECISION TECHNOLOGY GROUP FINDING CAPACITY WITH FACTORYWIZ MONITORING
The worldwide chip shortage has garnered a lot of attention over the past few years. The COVID-19 pandemic and now Russian’s invasion of Ukraine is hurting supply chains even more than before. At home,
it has become a crisis of national security with the U.S. relying too heavily on foreign powers to manufacture the lifeblood of the tech industry. According to the Congressional Research Service (CRS), the United States’ share of global semiconductor fabrication capacity has diminished from roughly 40% in 1990 to around 12% in 2020. East Asia is home to nearly 80% of the world’s chip fabrication. America’s largest tech companies including Google, Apple, and Amazon, rely on Taiwan for a staggering amount of their chip production.
According to Whitehouse.gov “The President is urging Congress to pass legislation to strengthen U.S. research and development and manufacturing for critical supply chains, including semiconductors. The Senate passed the U.S. Innovation and Competition Act (USICA) in June and the Administration is working with the House and Senate to finalize this legislation. It includes full funding for the CHIPS for America Act, which will provide $52 billion to catalyze more private-sector investments and continued American technological leadership.” Companies like Benchmark are finding ways to increase their capacity in order to keep up with the rising demand of machines needed to build the chips.
Founded in 1979, the Tempe, Arizona-based company is a leading global partner for outsource design engineering and manufacturing of complex products. With 24 facilities in eight countries, they employ nearly 11,000 people. Benchmark’s Precision Technologies (PT) business unit is one of
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CNC WESTJune/July 2022