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Eurozone Economy Now in Technical Recession

Supply Chain Matters

This week, European and international business media is reporting that Europe’ s economy entered into recession in the first quarter of this year. The agency had previously reported in the first quarter GDP had grown in the first quarter, albeit slightly. percent in Q1 , having further declined in Q4-2022 after new revisions.

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Supply Chain Matters News Capsule Follow-up- February 13, 2023

Supply Chain Matters

According to a published report by The New York Times , ( Paid subscription or metered view ) GlobalFoundries will dedicate a portion of its production capacity specifically to produce semiconductor devices for General Motors needs. According to the report, GlobalFoundries now aims to submit a proposal to the U.S. East and Gulf Ports.

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US Semiconductor Fab Investments Make Headlines and Concerns

Supply Chain Matters

billion grant for GlobalFoundries to support the development and expansion of fab facilities in Malta, New York , and Burlington, Vermont. focused news are reports of continuing nagging delays and added concerns regarding the unexpected costs and setbacks related to the construction, staffing and supply network needs.