BANNOCKBURN, IL – The forecast for US economic growth, initially expected to be 0.5% at the beginning of 2023, is now expected to grow by 2%, according to IPC’s August Economic Outlook report.

HAUPPAUGE, NY – Orbit International reported bookings in excess of $4 million for August, and said deliveries of those orders have already commenced and are expected to continue through the fourth quarter.

WASHINGTON — Global semiconductor industry sales totaled $43.2 billion in July, an increase of 2.3% compared to June's total of $42.2 billion but 11.8% less than the July 2022 total of $49 billion, according to the Semiconductor Industry Association.

MILPITAS, CA – Global semiconductor equipment billings dipped 2% year-over-year to $25.8 billion in the second quarter, while quarter-over-quarter billings slipped 4%, SEMI announced in its Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report.

SHENZHEN – JLC Technology Group has filed for an IPO with the Shenzhen Stock Exchange, with plans to raise RMB6.67 billion ($911 million).

TAIPEI – Foxconn reported an 8% year-on-year drop in sales in August, but forecast a better business outlook ahead of new product releases by Apple.

BERENYI, HUNGARY -- Videoton said consolidated 2022 revenue was HUF286 billion ($806.7 million), up 29% from the previous year, and a new record for the EMS company.

SIEVI, FINLAND -- Scanfil's board of directors today named Christophe Sut CEO, effective immediately.

BANNOCKBURN, IL – Total North American PCB shipments in July increased 23% compared to the same month last year, IPC announced in its monthly North American PCB Statistical Program.

BANNOCKBURN, IL – Total North American EMS shipments in July were up 3.4% compared to the same month last year, according to IPC's findings from its North American EMS Statistical Program.

SURREY, ENGLAND – Electronics manufacturer DiscoverIE Group has completed the acquisition of Silver Telecom, a manufacturer of power-over-Ethernet modules.

NEEDHAM, MA – Worldwide smartphone shipments are forecast to decline 4.7% year over year to 1.15 billion units in 2023, the lowest volume in a decade, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker.