STAMFORD, CT – Worldwide IT spending is expected to total $5.26 trillion in 2024, an increase of 7.5% from 2023, according to the latest forecast by Gartner.

NEEDHAM, MA – Global smartphone shipments increased 6.5% year over year to 285.4 million units in the second quarter, according to IDC's Worldwide Quarterly Mobile Phone Tracker.

TAIPEI – AI server shipments in the second quarter will increase by nearly 20% quarter over quarter, and the annual shipment forecast of 1.67 million units represents year-over-year growth of 41.5%, according to TrendForce's latest industry report.

NOIDA, INDIA – Lava International is reportedly considering a spinoff of its production arm into a separate company, which may generate business from other handset brands and help meet targets under the production-linked incentive scheme for smartphones.