OMAHA, Neb. — Nebraska
Sen. Deb Fischer is leading a bipartisan effort to provide billions of
dollars to telecommunication networks from COVID-19 relief funds.
China delivered the latest salvo in an escalating semiconductor war
with the US, announcing that Micron Technology Inc products have failed
to pass a cybersecurity review in the country.
We asked a retired NCIS agent about his experience fighting the
proliferation of counterfeit and critical fraudulent parts in the U.S.
A retired special agent with the Naval Criminal Investigative Service
(NCIS) wrote an article in the January/February 2023 edition of Fraud
Magazine entitled “Battling Fraudulent Product Substitution“.
The risk of procuring counterfeit components always increases when
electronic devices are in tight supply. Between 2021 and 2022 – the
height of the unprecedented semiconductor shortage – reports of suspect or nonconforming parts increased by 35 percent, according to the ERAI, which collects data on counterfeits.
Counterfeit electronics have existed for many years, but recent
disruptions in the supply chain, such as parts shortages, have brought
this issue more to the forefront. Among the problems this creates for
manufacturers is the inferior quality of these components, which can
pose serious safety and reliability risks.
Asian Tera Part Limited
According to statistics from AutoForecast
Solutions, the global automobile industry reduced production by 4.5
million new cars in 2022 due to the shortage of chips. It is estimated
that production will be reduced by an additional 3 million cars in 2023.
What are the reasons for the chip shortage, and how can we deal with it
An Apple embezzler
who was originally estimated to have cost the Cupertino company $10M
has now admitted to fraudulently obtaining a total of $17M over a period
of seven years. Dhirendra Prasad worked as a buyer in Apple’s global supply-chain division, and engaged in a mix of activities in order to steal the money. UPDATE
U.S. Attorney's Office, Northern District of California ,
SAN JOSE – Dhirendra Prasad was sentenced to serve three years in prison
and ordered to pay $19,270,683 in restitution for conspiring to defraud
Apple, Inc., of millions of dollars and for related tax crimes,
announced United States Attorney Ismail J. Ramsey and Internal Revenue
Service-Criminal Investigation (IRS-CI) Special Agent in Charge Darren
As the U.S. and China battle for supremacy in semiconductor
manufacturing, the supply chain continues to struggle to meet global
demand for chips. Despite softening demand overall for electronic
devices, shortages of certain semiconductors will persist through the
second half of the year, according to Supplyframe.
Supply Chain Connect,
Last year, nearly $3 trillion worth
of counterfeit goods traded hands—up from $30 billion in the 1980s.
This makes counterfeiting at least the tenth largest economy—just above
Canada's total GDP and possibly the fourth largest above Germany,
according to Forbes.