MILPITAS, CA – Soaring pandemic-inspired demand for chips that power everything from communications and IT infrastructures to personal computing, gaming and healthcare electronics will drive an 8% increase in global fab equipment spending in 2020 and a 13% increase in 2021, according to SEMI. Rising demand for semiconductors for data center infrastructures and server storage, along with the buildup of safety stock as US-China trade tensions intensify, is also contributing to this year’s growth.

WASHINGTON – Worldwide sales of semiconductors were $35.2 billion in July, up 4.9% year-over-year and 2.1% sequentially, according to the Semiconductor Industry Association.  

WASHINGTON – The Department of Defense is proposing to amend its acquisition rules to update the policy and procedures for use of its supplier risk analysis system.

LAGUNA, PHILIPPINES – Cirtek Holdings Philippines has reissued P545.2 million (US$11.4 million) worth of bonds to refinance its short-term debt and support the capital spending of its US-based unit, Quintel USA, according to reports.