News
FRAMINGHAM, MA – Worldwide IT spending is now expected to decline 2.7% in constant currency terms this year as Covid-19 impacts the global economy and forces many organizations to respond with contingency planning and spending cuts in the short term, according to International Data Corp.
LONDON – Global copper production in 2020 is expected to be impacted by the Covid-19 outbreak, according to GlobalData. After declining 1.9% in 2019 to 20.6 million metric tons due to lower ore grades and production disruptions, copper production was initially expected to grow 3.4% in 2020 due to an anticipated increase in production from Chile, China and Peru. However, with falling demand and ongoing disruption to mining activities due to lockdowns, this has been reduced to 1.9%, with production of 21Mt in 2020.
MILPITAS, CA – SEMI has urged global government representatives to designate the semiconductor industry as an essential business, so operations at companies across the chip supply chain can continue without interruption as the spread of Covid-19 continues.
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