SPOKANE VALLEY, WA – Keytronic announced revenue of $147.7 million for the first quarter of its fiscal year, in line with its expectations for the quarter.
GLENVIEW, IL – ITW's Test & Measurement and Electronics segment reported $698 million in revenue in the second quarter, a 2.4% decrease from last year's second quarter.
LIVINGSTON, UK – CB Technology announced annual sales of £14.3 million ($17.4 million), marking a 36% increase from last year.
TAIPEI – Foxconn was recently subjected to searches by Chinese tax authorities, according to local reports.
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.
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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