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.

TAIPEI – Hon Hai Precision Industry (Foxconn) posted August sales of NT$606.51 billion, an 11% year-on-year increase YoY. The company’s growth rate for the month stood at 10.6%. Investor sentiment remains positive. Market watchers cite Hon Hai’s expanding role in AI data centers through its alliance with Teco, as well as its growing electric vehicle portfolio, highlighted by Mitsubishi Motors outsourcing EV production to Foxconn.