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WASHINGTON – Global semiconductor sales reached $59 billion in May, a 27% year-over-year increase, according to data released today by the Semiconductor Industry Association (SIA). Sales were up 3.5% month-over-month from April’s total of $57 billion.

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TAIPEI – Foxconn reported second-quarter revenue of $57 billion, a 15.8% year-over-year increase and rebounding strongly from the first quarter. The growth was fueled primarily by soaring demand for artificial intelligence hardware, with its cloud and networking division leading the charge.

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THAILAND – Zollner Elektronik has finalized its full acquisition of Thailand-based Bluechips Microhouse Co. The move strengthens Zollner 's presence in Southeast Asia. Terms were not disclosed.

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