In a move to strengthen the United States' technological infrastructure and competitiveness, the Biden-Harris administration has announced a new Notice of Funding Opportunity (NOFO) under the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act. This NOFO targets smaller supply chain projects, aiming to bolster American manufacturing capabilities and reduce supply chain vulnerabilities. EverGlade Consulting, a company that connects public sector needs with private sector solutions, has commented that the NOFO will direct funding toward businesses specializing in semiconductor production and other related activities.

According to a survey conducted by FourKites, fewer than half of companies are using the data generated by the digitization trend to inform their strategies, despite the push to de-risk supply chains. The survey, conducted in 2023, revealed that corporate supply chains are awash in data, but few companies are taking advantage of the potential benefits.

Partstack is a powerful tool that gives users access to the semiconductor market's most comprehensive catalog of component pricing and part availability data from a curated “stack” of diverse global suppliers. With Partstack, users can search for a single component or thousands, and get datasheets, tech specs, and more for over 1 billion parts.