NEEDHAM, MA – Worldwide smartphone shipments declined 0.1% year over year to 302.8 million units in the third quarter, according to preliminary data from IDC's Worldwide Quarterly Mobile Phone Tracker. Although macroeconomic uncertainties linger as markets struggle with soft demand, inflation, and geopolitical tensions, healthy inventory and the slower pace of decline are encouraging some vendors to increase shipments.

CHERNIHIV, UKRAINE – IKT Group has opened a contract electronics assembly factory in Plovdiv, Bulgaria. The new plant is the EMS company’s third in Europe.

HONG KONG – Luxshare Precision's revenue for the first three quarters of the year amounted to RMB155.8 billion ($21.3 billion), reflecting a year-on-year growth of 7.31%.

REDMOND, WA – Data I/O's sales in the third quarter were $6.6 million, down 8.3% compared with $7.2 million in the third quarter of 2022.