EV and Semiconductor Projects Stand Out in States Receiving Area Development’s 18th Annual Shovel Awards
14 Aug 2023
News
If there’s one thing that has been consistent with our Shovel Awards from year to year, it’s the fact that nothing gets in the way of progress and good news. Even amid challenging times such as the COVID pandemic, lots of positive developments move forward. The uncertainty we all felt during the worst parts of the pandemic in 2020 and 2021 didn’t stop location and expansion projects from blossoming.
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It was the perfect storm for the semiconductor industry. The COVID-19 pandemic stirred up major trouble in supply chains in early 2020, including disruptions in chip manufacturing in such places as South Korea and Taiwan. Meanwhile, demand for semiconductors increased, in part because the pandemic had so many people working...
The automotive industry is on the cusp of its most massive transition in generations, as gasoline-powered vehicles make way for electric vehicles, or EVs. By the middle of the next decade, many if not most new cars produced will be electric, and that means a huge shift in the manufacturing...
An ongoing industrial revolution fueled by digitalization, decarbonization, and electrification has changed the conversation on energy and prompted a race to the grid in many parts of the country. Fast-tracked industrial projects are now the norm as project teams navigate increased construction costs, inflationary financing, supply chain challenges, and increased...
