Skip to content
Search AI Powered

Latest Stories

Schneider Electric aims to decarbonize the semiconductor supply chain

French company says Google, ASM, and HP have joined its “Catalyze” program

schneider Screen Shot 2023-12-08 at 1.33.20 PM.png

The French technology company Schneider Electric this week said that Google, ASM, and HP have joined its initiative to encourage businesses in the semiconductor supply chain to use renewable energy sources.

Schneider launched the “Catalyze” program for semiconductor supply chain decarbonization in July, with sponsors Intel and Applied Materials. The announcement that three more technology companies have now joined as founding sponsors coincides with the COP28 United Nations Climate Change Conference taking place in Dubai.


Catalyze encourages suppliers from throughout the semiconductor industry ecosystem to collaborate to transition their value chain to renewable sources of energy. Participants are encouraged to make commitments to decarbonization and take collective action through the procurement of renewable energy, leveraging the purchasing power of buyer cohorts.

According to a recent study by the SEMI Semiconductor Climate Consortium, the semiconductor industry’s carbon footprint was equivalent to 500Mt of CO2 in 2021—with 16% coming from the supply chain, the company said. By transitioning suppliers onto lower-carbon sources of energy and supporting them in other decarbonization actions like electrification, the industry can make a significant impact in its overall Scope 3 emissions.

“Transitioning to carbon-free semiconductor manufacturing is critical to reducing global emissions, and no company can do it alone,” Michael Terrell, Senior Director of Energy and Climate for Google, said in a release. “We are excited to become a founding sponsor of the Catalyze program and look forward to working with our fellow sponsors and suppliers to expand the use of clean energy across this critical area of Google’s supply chain.”
 

 

 

The Latest

More Stories

U.S. shoppers embrace second-hand shopping

U.S. shoppers embrace second-hand shopping

Nearly one-third of American consumers have increased their secondhand purchases in the past year, revealing a jump in “recommerce” according to a buyer survey from ShipStation, a provider of web-based shipping and order fulfillment solutions.

The number comes from a survey of 500 U.S. consumers showing that nearly one in four (23%) Americans lack confidence in making purchases over $200 in the next six months. Due to economic uncertainty, savvy shoppers are looking for ways to save money without sacrificing quality or style, the research found.

Keep ReadingShow less

Featured

CMA CGM offers awards for top startups

CMA CGM offers awards for top startups

Some of the the most promising startup firms in maritime transport, logistics, and media will soon be named in an international competition launched today by maritime freight carrier CMA CGM.

Entrepreneurs worldwide in those three sectors have until October 15 to apply via CMA CGM’s ZEBOX website. Winners will receive funding, media exposure through CMA Media, tailored support, and collaboration opportunities with the CMA CGM Group on strategic projects.

Keep ReadingShow less
xeneta air-freight.jpeg

Air cargo carriers enjoy 24% rise in average spot rates

The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year jump with a 24% increase, according to the latest weekly analysis by Xeneta.

Xeneta cited two reasons to explain the increase. First, Global average air cargo spot rates reached $2.68 per kg in August due to continuing supply and demand imbalance. That came as August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising +11%.

Keep ReadingShow less
littler Screenshot 2024-09-04 at 2.59.02 PM.png

Congressional gridlock and election outcomes complicate search for labor

Worker shortages remain a persistent challenge for U.S. employers, even as labor force participation for prime-age workers continues to increase, according to an industry report from labor law firm Littler Mendelson P.C.

The report cites data showing that there are approximately 1.7 million workers missing from the post-pandemic workforce and that 38% of small firms are unable to fill open positions. At the same time, the “skills gap” in the workforce is accelerating as automation and AI create significant shifts in how work is performed.

Keep ReadingShow less
stax PR_13August2024-NEW.jpg

Toyota picks vendor to control smokestack emissions from its ro-ro ships

Stax Engineering, the venture-backed startup that provides smokestack emissions reduction services for maritime ships, will service all vessels from Toyota Motor North America Inc. visiting the Toyota Berth at the Port of Long Beach, according to a new five-year deal announced today.

Beginning in 2025 to coincide with new California Air Resources Board (CARB) standards, STAX will become the first and only emissions control provider to service roll-on/roll-off (ro-ros) vessels in the state of California, the company said.

Keep ReadingShow less