Fireside Chat: Onshoring and Near Shoring Trends & China-Plus One

Welcome to another enlightening Fireside Chat brought to you by Data I/O Corporation. In this session, Anthony Ambrose, President and CEO of Data I/O, engages in a thought-provoking conversation with Dave Marsh, Equity Analyst from Singular Research Corporation, on the intriguing topic of "Onshoring and Near Shoring Trends & China-Plus One."

With over 50 years of industry expertise, Data I/O stands at the forefront of innovation, pioneering solutions in device programming. As Anthony Ambrose affirms, "Where people build factories, they need programming, where they need programming, they need Data I/O." Such a sentiment underscores Data I/O's pivotal role in global manufacturing ecosystems, where its presence extends across 40 countries, catering to the programming needs of diverse industries. Dave Marsh's insightful questions prompt Anthony to delve deeper into the dynamics of Data I/O's international operations, shedding light on the company's enduring commitment to serving its global clientele. As Anthony further emphasizes, "We're number one in China, Germany, Mexico, Brazil... wherever it goes, we'll be fine." This steadfast dedication to customer satisfaction underscores Data I/O's adaptability and resilience in navigating the complexities of the global market.

Key Discussion Points

1. Global Presence of Data I/O:Anthony shares insights into Data I/O's extensive presence both domestically and internationally, spanning over 40 countries. With a focus on manufacturing and programming needs, Data I/O has established itself as a trusted partner worldwide.

2. China's Automotive Market: The discussion delves into China's automotive industry, particularly its remarkable focus on new energy vehicles (NEVs). Anthony highlights the significant strides made in electrification, contributing to improved air quality and driving substantial growth in the market.

3. China Plus One Strategy: Anthony sheds light on the evolving dynamics of the "China Plus One" strategy adopted by businesses worldwide. Despite geopolitical challenges, China remains a pivotal hub for automotive manufacturing, complemented by emerging opportunities in regions like Southeast Asia, Latin America, and Eastern Europe.

4. India's Technological Ascent: The conversation expands to India's burgeoning role in the semiconductor and automotive sectors. Anthony emphasizes India's ambitious plans to become a top semiconductor fabrication country within the next five years, signaling vast potential for technological advancement and market expansion.

5. Security and Technological Evolution: Anthony underscores the critical importance of cybersecurity in semiconductor manufacturing, emphasizing Data I/O's commitment to providing secure solutions amidst rapid technological evolution.

Data I/O's Fireside Chat Series: The 2023-2024 Season

Data I/O is thrilled to announce the launch of our 2023-2024 Fireside Chat series, where we'll be diving deep into critical topics and emerging market trends. This Fireside Chat on Semiconductor Programming Growth Opportunities marks the fourth installment of the 2023-2024 season. Join us as we engage in thought-provoking discussions with industry experts, financial professionals, and business consultants, all hosted by our President and CEO, Anthony Ambrose. Stay tuned for discussions on topics ranging from sustainability and automotive tech to AI security and semiconductor growth opportunities. Our Fireside Chat Industry Insights Series will provide valuable insights for engineers and C-level executives in the world of OEMs and Custom Manufacturers.

Stay tuned for more exciting updates from Data I/O, where we continue to lead the way in enabling a sustainable, innovative, and connected world.