NEEDHAM, MA – Worldwide smartphone shipments declined 9.7% year over year to 301.9 million units in the third quarter, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker.

NEEDHAM, MA – Worldwide tablet shipments were down 8.8% year over year in the third quarter of 2022, totaling 38.6 million units, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.

This was the fifth straight quarter of decline for the tablet market. Chromebook shipments also struggled in the quarter, falling to 4.3 million units and a year-over-year decline of 34.4%. Both markets have now shifted from supply constrained industries to ones that are demand challenged as consumer and education spending has slowed in the face of economic uncertainties.

ATLANTA — A steep drop in sales sentiment for semiconductors dragged the overall component sentiment index down by 6.7 points to 75.6 in the ECIA's October Electronic Component Sales Trend survey. Despite modest improvements in the Electro-Mechanical and Passive Component Indices, the index for semiconductors collapsed from 96.4 in September to 69.2 in October.

SAN FRANCISCO — Bright Machines has announced that it has raised $132M to accelerate the company's growth and aid the development of new software and service offerings to add to its existing portfolio of projects. The $132 million in funds includes $100 million in Series B equity funding led by Eclipse Ventures and $32 million in debt led by Silicon Valley Bank and Hercules Capital. This round of funding brings the total raised by Bright Machines to $330M since the company’s founding in 2018.