HERTFORDSHIRE, UK – The global consumer electronics market will see a full-year decline of 2-5% in retail value terms, while in the long-term, consumer electronics vendors will look to diversify their supply chains, according to Futuresource Consulting.

TAIPEI – Foxconn reported February revenue of $7.3 billion, down 18% year-over-year, the highest monthly decline since 2013.

MINNEAPOLIS, MN – Gregory Vance, Rockwell Automation, will serve as interim SMTA president through the current term ending in September.

WASHINGTON – Worldwide sales of semiconductors were $35.4 billion in January, down 0.3% year-over-year and 2.2% sequentially, says the Semiconductor Industry Association.

TAIPEI – Foxconn expects revenue to fall 15% in consumer electronics and enterprise products during the first quarter but predicts production will return to normal levels during the second quarter, according to reports.