Combat Counterfeits

Combat Counterfeits

The cost of global counterfeiting was last estimated at $650 billion, during the APEX conference in April 2008.

The Semiconductor Industry Association (www.sia-online.org) estimates that counterfeiting costs the US semiconductor manufacturer $7.5 billion a year in lost revenue.

This is a staggering amount and probably is under estimated if anything, as now there is virtually nothing that is beyond the clever counterfeiters hiding within our market. Examples of counterfeiting go back to the early days of manufacturing. Nowadays increasing amounts of 'copy cat' counterfeit electronic components seem to find their way onto the market more easily. So when you have come across an idea, the investment and have then put all your hard efforts into a new design, the last thing you need is for your new venture to fail due to 'copy cat' counterfeit electronic components.

These fraudulent, counterfeit electronic components pose a serious financial and legal liability to the electronics industry, and they have become a grave safety crisis - a crisis that requires immediate action and prevention for future situations.

Lantek Corporation wants to help combat these risks posed by counterfeit electronic components. We will provide the latest information on how we can work together to help eliminate counterfeiting from the electronics industry.

Component Counterfeit Policy: 2.83 mb

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