NEEDHAM, MA – Weak demand, excess inventory, and a worsening macroeconomic climate were all contributing factors for the precipitous drop in shipments of traditional PCs during the first quarter of 2023, according to preliminary results from the International Data Corporation Worldwide Quarterly Personal Computing Device Tracker. Global shipments numbered 56.9 million, marking a contraction of 29% compared to the same quarter in 2022.

TAIPEI – Foxconn is planning to invest T$25 billion ($820 million) in the next three years in new manufacturing facilities in southern Taiwan to support its electric vehicle ambitions, the company said on Sunday.

NEVADA CITY, CA – The top 50 EMS companies in the world accounted for $457 billion in revenue in 2022 – an increase of $40 billion from 2021, according to a report from Manufacturing Market Insider.

WASHINGTON – Global semiconductor industry sales totaled $39.7 billion during the month of February 2023, a decrease of 4% compared to the January 2023 total of $41.3 billion and 20.7% less than the February 2022 total of $50 billion, according to the Semiconductor Industry Association.