STAMFORD, CT – Worldwide IT spending is expected to total $5.26 trillion in 2024, an increase of 7.5% from 2023, according to the latest forecast by Gartner.

NEEDHAM, MA – Global smartphone shipments increased 6.5% year over year to 285.4 million units in the second quarter, according to IDC's Worldwide Quarterly Mobile Phone Tracker.

TAIPEI – AI server shipments in the second quarter will increase by nearly 20% quarter over quarter, and the annual shipment forecast of 1.67 million units represents year-over-year growth of 41.5%, according to TrendForce's latest industry report.

NOIDA, INDIA – Lava International is reportedly considering a spinoff of its production arm into a separate company, which may generate business from other handset brands and help meet targets under the production-linked incentive scheme for smartphones.

TÄBY, SWEDEN – Mycronic reported net sales of SEK1.5 billion ($141.5 million) for the second quarter, an increase of 23% from last year's second quarter.

PEACHTREE CITY, GA – Susy Webb will present a new all-day webinar titled “Effective PCB Design Techniques” on September 10, sponsored by the Printed Circuit Engineering Association (PCEA).

KUALA LUMPUR – Aurelius Technologies is expected to see a strong second quarter as production volumes continue to rise from a low base in 2023, impacted by customer inventory rationalization.

NEEDHAM, MA – The traditional PC market delivered its second quarter of growth following eight consecutive quarters of decline. According to preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker, worldwide shipments reached 64.9 million units in the second quarter of 2024 (2Q24), representing year-over-year growth of 3%.

BILLINGSTAD, NORWAY – Kitron reported revenue of EUR167.6 million ($182.7 million) for the second quarter, down 18.8% compared to the EUR206.3 million ($224.9 million) in revenue for the same quarter last year.

TAMPA, FL – Tagarno announced a 52% year-over-year rise in second quarter sales, representing its most successful quarter since August 2020.

PEACHTREE CITY, GA – The Printed Circuit Engineering Association (PCEA) today opened the show floor to select exhibitors for the 2025 PCB East conference and exhibition.

SAN FRANCISCO – Global sales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to set a new industry record, reaching $109 billion in 2024, growing 3.4% year-on-year, SEMI announced in its Mid-Year Total Semiconductor Equipment Forecast – OEM Perspective.