STAMFORD, CT – Worldwide semiconductor revenue in 2023 totaled $533 billion, a decrease of 11.1% from 2022, according to preliminary results by Gartner.

STAMFORD, CT – Worldwide IT spending is expected to total $5 trillion in 2024, an increase of 6.8% from 2023, Gartner forecast in its most recent report.

STAMFORD, CT – Worldwide PC shipments reached 241.8 million units in 2023, a 14.8% decrease from 2022, according to preliminary results by Gartner.

NEEDHAM, MA – Global smartphone shipments declined 3.2% year over year to 1.17 billion units in 2023, according to the International Data Corporation's (IDC) Worldwide Quarterly Mobile Phone Tracker.

NOIDA, INDIA – Dixon Technologies has announced a search of one of its subsidiary's manufacturing facilities here by India's Directorate of Revenue Intelligence.

KARLSTAD, SWEDEN – Swedish EMS provider Inission has expanded its presence in southern Norway with the acquisition of AXXE.

SON, NETHERLANDS – Neways has announced the acquisition of Sencio, a microsystems company based in Nijmegen, Netherlands, that specializes in advanced packaging for smart sensing and actuation applications.

LINZ, AUSTRIA – Kontron has agreed to acquire around 60% of the shares in Katek in a bid to expand its portfolio of green energy solutions and the aerospace segment.

NEENAH, WI – Plexus has announced that it will not meet its first quarter revenue guidance of $990 million to $1.03 billion.

HAUPPAUGE, NY – Orbic Electronics Manufacturing has announced the launch of its Project Patriot initiative, which will move its manufacturing operation from China to New York's Suffolk County, bringing more than 1,000 new jobs to the area.

NEEDHAM, MA – Global shipments of traditional PCs marginally surpassed expectations in the fourth quarter with nearly 67.1 million PCs shipped, down 2.7% from the prior year, according to preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.

TAIPEI – Foxconn Technology Group has established an electric vehicle business in Zhengzhou, China, amid declining smartphone sales.