HUNGARY – Flextronics will invest €5 million in research and development at its Zalaegerszeg facility, growing its footprint in Hungary’s electronics sector. The Hungarian government will support the project with €1.7 million, Foreign Minister Péter Szijjártó confirmed during the announcement in Budapest. The U.S.-owned electronics manufacturer employs 6,000 people in Hungary, with 98% of its products destined for export markets and more than 70% sourced from Hungarian suppliers.
WASHINGTON, DC – The Semiconductor Industry Association (SIA) reported that global semiconductor sales reached $62.1 billion in July, a 20.6% increase year-over-year and a 3.6% rise month-over-month. The results, compiled by the World Semiconductor Trade Statistics (WSTS), reflect a three-month moving average.
WASHINGTON – SEMI announced that global semiconductor equipment billings reached $33.07 billion in the second quarter, representing a 24% year-over-year increase and a 3% quarter-over-quarter gain. The strong results were driven by demand for advanced logic and high-bandwidth memory (HBM) DRAM applications, alongside increased shipments to Asia.