ST. PETERSBURG, FL – Jabil beat revenue estimates for the May period, reporting preliminary fiscal third quarter net revenue of $6.3 billion, up 3.3% year-over-year. The net loss was $50.3 million, compared to net income of $44 million for the same quarter last year.

FRAMINGHAM, MA – IDC lowered its 2020 forecast for spending on Internet of Things devices to 8.2%, but said double-digit growth rates will return in 2021.

SANTA CLARA, CA – Globalfoundries and SkyWater Technology have reached a deal to supply semiconductor chips to the US defense industry and work on new technology, according to reports.

BANNOCKBURN, IL – IPC and International Aerospace Environmental Group issued a statement encouraging use of IPC-1754, Materials and Substances Declaration for Aerospace and Defense and Other Industries, in the aerospace and defense industry and its global supply chain.