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.”

KUANTAN, MALAYSIA – TT Electronics’ Global Manufacturing Solutions division is opening operations in Kuantan, Malaysia, in response to customer demand for an additional manufacturing center in Asia.

MINNEAPOLIS, MN – The SMTA elected its global board of directors for the term beginning Sept. 22.

MORRISVILLE, NC – Mostafa Aghazadeh of Intel has been elected chairman of the iNEMI board of directors.