ELK GROVE VILLAGE, IL – SigmaTron International reported fiscal second quarter revenue increased 44% to $100.2 million year-over-year.

NINGBO, CHINA – Kitron has shut down production Dec. 7 in Zhenhai here after authorities imposed a district-wide lockdown because of a Covid-19 outbreak, the EMS company said.

NEEDHAM, MA – The worldwide market for smart home devices grew 10.3% year-over-year in the third quarter, with more than 221.8 million device shipments, according to the International Data Corp.

NEEDHAM, MA – Global shipments for wearables grew 9.9% during the third quarter, reaching 138.4 million units, according to International Data Corp.

NEEDHAM, MA – With 2021 nearing a close, global shipments of traditional PCs are forecast to reach 344.7 million units, according to International Data Corp. While annual shipments are expected to grow 13.5% during the year, shipments during the holiday quarter are expected to decline 3.4% as supply chain constraints and backups and cost increases around logistics continue to be a burden on getting products into many channels.

KUALA LUMPUR – Under fire for worker treatment, V.S. Industry managing director Datuk SY Gan told a migrant worker rights specialist the EMS company places a high priority on environmental, social and governance matters and is committed to maintaining high standards of corporate governance.

NEEDHAM, MA – Smartphone shipments will grow 5.3% year-over-year in 2021, reaching 1.35 billion, according to the International Data Corp. However, due to the lower than expected third quarter and the continued component shortages and logistical challenges, which may not improve until mid-2022, IDC has lowered its growth forecast for 2021 and 2022 from 7.4% and 3.4% to 5.3% and 3%, respectively.

MILPITAS, CA – Global semiconductor equipment billings increased 38% year-over-year to $26.8 billion in the third quarter, growth of 8% sequentially, said SEMI.

NEW YORK – Worldwide trends in technology, media and telecommunications are being driven by the global pandemic's economic and societal shifts, resulting in an increasingly connected and multi-device world, fueling the world's need for more chips, growth in connectivity, and entertainment options, according to a new report from Deloitte.

ATLANTA – The electronic component sales sentiment index points to an acceleration in its steep decline for the December forecast, according to ECIA’s most recent survey.

BANNOCKBURN, IL – The US auto sector has historically maintained an inventory-to-sales ratio of nearly 2.4, says Shawn DuBravac, Ph.D., chief economist, IPC, in a report released today. That means under normal conditions the auto sector could cover some 10 weeks of sales with inventory on-hand. Today, however, inventory-to-sales for new vehicles is 0.389, which means the auto sector can only cover 12 days of sales with current inventory levels.

BANNOCKBURN, IL – Material and labor costs continue to be two of the largest issues facing the electronics supply chain, according to an IPC report released today. Nine in ten electronics manufacturers report rising material costs, and nearly three-fourths report rising labor costs, the association says.