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HONG KONG – Wong's Kong King reported first half revenue of HK1.9 billion ($242.8 million), marking a 19% drop compared to the same period last year.

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ORLANDO, FL – Worldwide IT spending is projected to total $5.1 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner. While generative AI has not yet had a material impact on IT spending, investment in AI more broadly is supporting overall IT spending growth.

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WASHINGTON – The Semiconductor Research Corporation has unveiled the Microelectronics and Advanced Packaging (MAPT) Roadmap, which defines critical chip research priorities and technology challenges that must be addressed to support the “seismic shifts” outlined in the Decadal Plan for Semiconductors released by SRC and SIA in January 2021.

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TAIPEI – The global notebook market is set to rebound in 2024, with a projected 2-5% growth projected in yearly shipments, according to the latest market report by TrendForce.

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STOCKHOLM – Mycronic reported a sales increase of 5% in the third quarter to total SEK1.27 billion ($115.8 million).

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BRONSCHHOFEN, SWITZERLAND – Cicor will acquire STS Defence, a UK-based provider of sustainment, support and modernization solutions for the aerospace and defense markets.

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