WASHINGTON – SEMI announced that global semiconductor equipment billings reached $33.07 billion in the second quarter, representing a 24% year-over-year increase and a 3% quarter-over-quarter gain. The strong results were driven by demand for advanced logic and high-bandwidth memory (HBM) DRAM applications, alongside increased shipments to Asia.

TAIPEI – Hon Hai Precision Industry (Foxconn) posted August sales of NT$606.51 billion, an 11% year-on-year increase YoY. The company’s growth rate for the month stood at 10.6%. Investor sentiment remains positive. Market watchers cite Hon Hai’s expanding role in AI data centers through its alliance with Teco, as well as its growing electric vehicle portfolio, highlighted by Mitsubishi Motors outsourcing EV production to Foxconn.

Inventec is set to establish a presence in Katy, Texas, with renovations beginning this fall on its first US facility in the region. The company has leased approximately 540,000 square feet of space at Park 10 Ninety Nine near Katy Asian Town, signaling a long-term commitment to the area.

TEMPE, AR – Benchmark Electronics has announced a leadership transition with president and chief xecutive officer Jeff Benck set to retire on March 31. Benck, who has led the company since 2019, will continue as an advisor until March 2027 to ensure a smooth transition.