SCOTTSDALE, AZ – The correlation coefficient between worldwide GDP growth and IC market growth over the past decade was 0.85 (0.96 excluding the memory market in 2017 and 2018), a strong figure given a perfect positive correlation is 1.0, says IC Insights.
TIANJIN, CHINA – The government of Tianjin is discussing the sale of two firms to TCL Corp., according to reports.
STAMFORD, CT – Worldwide IT spending is projected to total $3.9 trillion in 2020, an increase of 3.4% from 2019, according to Gartner. Global IT spending is expected to cross into $4 trillion territory next year.
STAMFORD, CT – Worldwide semiconductor revenue totaled $418.3 billion in 2019, down 11.9% from 2018 on a slump in memory demand, according to Gartner.
TAIWAN – Foxconn and Fiat Chrysler are joining to make electric vehicles for the Chinese market, according to reports.
WASHINGTON – “The electronics manufacturing industry applauds the US Senate for approving the US-Mexico-Canada Agreement (USMCA) with broad bipartisan support,” said president and CEO John Mitchell, IPC.
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