TIANJIN, CHINA – The government of Tianjin is discussing the sale of two firms to TCL Corp., according to reports.

STAMFORD, CT – Worldwide IT spending is projected to total $3.9 trillion in 2020, an increase of 3.4% from 2019, according to Gartner. Global IT spending is expected to cross into $4 trillion territory next year.

STAMFORD, CT – Worldwide semiconductor revenue totaled $418.3 billion in 2019, down 11.9% from 2018 on a slump in memory demand, according to Gartner.

TAIWAN – Foxconn and Fiat Chrysler are joining to make electric vehicles for the Chinese market, according to reports.