NEEDHAM, MA – Worldwide spending on artificial intelligence, including AI-enabled applications, infrastructure, and related IT and business services, will more than double by 2028 when it is expected to reach $632 billion, according to a new forecast from IDC's Worldwide AI and Generative AI Spending Guide.

ATLANTA – The electronic component sales sentiment rose to 103.4 in July, 4.5 points higher than June and an encouraging sign of positivity entering the second half of the year, ECIA reported in its monthly ECIA's Electronic Component Sales Trend survey.

MILPITAS, CA – The global semiconductor manufacturing industry in the second quarter continued to show signs of improvement with significant growth of IC sales, stabilizing capital expenditure, and an increase in installed wafer fab capacity, SEMI announced in its quarterly Semiconductor Manufacturing Monitor report.

NORTHVALE, NJ – ADM Tronics reported a 12% increase in revenue for the first quarter of its fiscal year, totaling $857,845.