TEMPE, AZ – Benchmark Electronics on Friday celebrated the grand opening of its new Precision Technologies facility in Mesa, Arizona. The company plans to invest around $20 million into capabilities and technology at the new facility, in addition to hiring 100 people to support this facility as the company ramps up with customers.

TAIPEI – Global DRAM revenue fell by 32.5% quarter-over-quarter to $12.28 billion, per TrendForce research. The fourth-quarter decline is larger than the QoQ decline of 28.8% for the third quarter and comes close to the QoQ decline of 36% for the final quarter of 2008, when the global economy was in the midst of a major financial crisis.

BANNOCKBURN, IL – Economic data over the last month is providing a mixed view of the economy, according to the IPC’s February Economic Outlook report.

NEEDHAM, MA – Shipments of smartphones will decline 1.1% in 2023 to 1.19 billion units, down from the previous forecast of 2.8% growth as the market continues to suffer from weak demand and ongoing macroeconomic challenges, according to the International Data Corporation's latest Worldwide Quarterly Mobile Phone Tracker forecast.