NORWOOD, MA – Analog Devices and Maxim Integrated Products have entered into a definitive agreement under which ADI will acquire Maxim in an all-stock transaction that values the combined enterprise at over $68 billion.

THUN, SWITZERLAND – Schleuniger Group signed an agreement to acquire Cirris Systems in an asset deal. The acquisition secures complementary testing expertise and improved market access for Schleuniger in the North American market for testing and test automation of cables and harnesses.

STAMFORD, CT – Worldwide PC shipments totaled 64.8 million units in the second quarter, a 2.8% increase year-over-year, according to Gartner. After a significant decline in the first quarter due to Covid-19-related supply-chain disruptions, the PC market returned to growth as vendors restocked their channels and mobile PC demand increased.

STAMFORD, CT – Worldwide IT spending is projected to total $3.5 trillion in 2020, a decline of 7.3% from 2019, according to Gartner. While the global economy is expected to witness a “swoosh” recovery, IT spending will experience more of a “swoop” recovery, the firm says.

MINNEAPOLIS – The annual Symposium on Counterfeit Parts and Materials will proceed as a virtual event from Aug. 4-6, says SMTA and CALCE. The decision has been made in light of the Covid-19 pandemic to ensure the health and safety of all who attend.

TEWKSBURY, MA – Mycronic US integrated its operations into a new 102,000 sq. ft. facility here. This brings together the Global Technologies division comprised of MRSI Systems, AEi and the US operations of Mycronic’s High Flex division.

KISTA, SWEDEN – Note reported second quarter sales increased 14% year-over-year to SEK 500 million (US$54.8 million).

SAINT-HERBLAIN, FRANCE – Lacroix Group has acquired eSoftThings, consolidating its R&D center and strengthening its positioning around industrial IoT and artificial intelligence, the firm says. No financial terms of the deal were disclosed.

BILLINGSTAD, NORWAY – Kitron reported second quarter revenue of NOK 1.04 billion (US$110.6 million), an increase of 21% year-over-year. Growth adjusted for currency effects was 11%.

CLINTON, NY – Indium’s Ning-Cheng Lee, Ph.D., VP of Technology, and John H. Lau, Ph.D., CTO, Unimicron, coauthored Assembly and Reliability of Lead-Free Solder Joints.

TAIPEI – Foxconn Electronics reported consolidated revenues of NT$360.5 billion (US$12.3 billion) for June, down 9% year-over-year and 6.8% sequentially.

LYON, FRANCE – “Despite the Covid-19 outbreak, which negatively impacted the smartphone and automotive industries but spurred demand for server and PC memory for stay-at-home activities, 2020 is expected to be a year of recovery,” said Simone Bertolazzi, Ph.D., technology and market analyst, Semiconductor, Memory & Computing at Yole Développement. “At Yole, we see the beginning of a new era of prosperity for the memory industry.”