Out of Sync Design Cycles Fuel Component Obsolescence

Chip makers stop production when demand for a part falls below a certain threshold. Some estimates show that nearly 500,000 parts go End-of-Life (EOL) each year, and while this is not uncommon, it does cause major challenges for long-cycle industries. 
 
Ever considered why?  
 
It comes down to out of sync design cycles between the majority of chip manufacturers and long-cycle industries.  90% of chips manufactured today are built for the consumer product market which operates on a 1-5 year design cycle.  However, longer lifecycle markets like Defense & Aerospace, Oil & Gas, Industrials and Healthcare operate on a much longer design and product development cycle.  These industries require chips to be in production for years in order to confidently build them into their product designs. And they need those chips to be available for many years after in order to continue to update and support their platforms.  
 
This mismatch is exactly what Phoenix was built to address, a high mix of parts at lower volumes. And until now, there have been very few options available to long-cycle sectors when they need replacement chips. Phoenix is building legacy chips on demand, at scale and in perpetuity which is a game changer for long-cycle industries.