Key facts
- Qnity, a supplier of semiconductor chemicals and materials, is adopting a "local-for-local" strategy.
- The company aims to source over 70% of its raw materials within the regions where it operates.
- This strategy is intended to shorten and strengthen supply chains for chipmakers.
Semiconductor materials supplier Qnity is prioritizing a "local-for-local" strategy to bolster its business growth amidst a shift by chipmakers to shorten and strengthen their supply chains. The company plans to source more than 70% of its raw materials within the specific regions where it operates, a move designed to enhance supply chain resilience.
Qnity's approach involves positioning manufacturing facilities close to its semiconductor clients. This proximity is seen as crucial for improving supply chain efficiency and responsiveness.