MILPITAS, CA – With sequential IC sales declines beginning to moderate, the global semiconductor industry appears to be nearing the end of a downcycle and is expected to begin to recover in 2024, SEMI and TechInsights reported in the Semiconductor Manufacturing Monitor.

VEJLE, DENMARK – GPV reported record second-quarter revenue of DKK2.7 billion ($396.3 million) and revenue of DKK 5.4 billion ($792.6 million) for the first half of the year – an increase of 151% compared to the first half of 2022.

TEMPE, AZ – Amtech Systems reported $30.7 million in revenue for the third quarter of its fiscal year, a 54% increase from the same quarter last year.

MINNEAPOLIS, MN – Nortech Systems announced second-quarter revenue of $35 million, up 7.7% from the prior-year period.

PATHUMTANI, THAILAND – SVI Public Co. reported second-quarter revenue of THB5.7 billion ($162.7 million), a decrease of 5% from the THB6 billion ($172 million) in revenue for the same quarter last year.

PEACHTREE CITY, GA – The Printed Circuit Engineering Association (PCEA) today announced it has closed the acquisition of the assets of PCBDesign-Edu, Inc., (dba PCE-EDU, Inc.), including its industry-leading printed circuit designer training and certification program. The deal extends PCEA’s position as the leading association for training printed circuit engineers worldwide.

SAN FRANCISCO – Tempo Automation has established a manufacturing outsource agreement with Network PCB, a PCB manufacturing and assembly company located in San Jose, CA.

NEEDHAM, MA – Worldwide tablet shipments posted a decline of 29.9% year over year in the second quarter, totaling 28.3 million units, according to preliminary data from the International Data Corporation's Worldwide Quarterly Personal Computing Device Tracker.

HOOK, UK – British private equity firm Rcapital has agreed to the purchase of STI Ltd. from Integrated Micro-Electronics for GBP2.2 million ($2.8 million).

WASHINGTON – Worldwide sales of semiconductors totaled $124.5 billion during the second quarter of 2023, a 4.7% sequential increase but 17.3% less than the second quarter of 2022, according to the Semiconductor Industry Association.

ATLANTA – July sales sentiment and August expectations for electronics component sales registered an accelerating, refreshing recovery from the doldrums the industry suffered in the second quarter, according to ECIA's monthly Electronic Component Sales Trend Survey.

TAIPEI – Foxconn's revenue declined 1.23% year-over-year in July, but it expects third-quarter sales to rise sequentially and be higher than the average level of the past two years.