The Impact of COVID-19 on RF/Microwave industry

Click: 130Date: 2020-04-01Come from: Aimer Liu

The recent global outbreak of the novel coronavirus (COVID-19) has a serious impact on businesses worldwide, including the RF/Microwave industry.

 

We saw some of the major events of the RF/Microwave industry being cancelled or rescheduled, such as MWC Barcelona 2020, EDI CON China 2020, RF & Microwave 2020 and more than 20 events scheduled for the first half of the year .

 

The more and more pronounced coronavirus pandemic worldwide is causing severe disruptions to global supply chains, endmarkets and economies. The impact of COVID-19 will be seen by a number of other companies in the sector as well:

1. Infineon Technologies is withdrawing its outlook for the 2020 fiscal year. Originally the company had anticipated to grow revenues by 5 percent.

2. Skyworks and Qorvo have both reduced their March-quarter financial guidance by 6% in response to the global spread of COVID-19.

3. Mini-Circuits facilities in Chennai, India are currently closed due to local government restrictions. Many of its suppliers in India, Italy, Malaysia and the U.S temporarily stop production.

 

As a Chinese company, we have just been through this war against the epidemic, and we fully understand the situation of our global customers. We are continually assessing any potential impacts on production and proactively identifying alternative sources for raw materials to insulate customers from supply chain disruptions as much as possible.



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