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Author: Mick Elliott, Contributing Editor A 16% growth spurt to $611 billion in the global semiconductor market is forecast by World Semiconductor Trade Statistics (WSTS) in a revision of its Spring 2024 forecast. This revision reflects stronger performance in the last two quarters, particularly in computing end-markets. For 2024, two IC categories are anticipated to
ProcurementPro’s Mick Elliott talks to Nick Turton, Regional Sales Manager, International Markets, Farnell as he reviews the past 12 months and discusses prospects to the rest of 2024. Looking back at the past 12 months, how would you characterise the industry? Towards the end of last year, the UK saw growth as a result of
Quantum technologies encompass computing, communication, and sensing, with quantum computing playing a pivotal role in simulation, optimisation, and AI . While research and development efforts and investments predominantly target quantum computing, there is a growing interest in quantum networking and ultra-sensitive sensors. Eric Mounier, PhD., Chief Analyst, Photonics and Sensing at Yole Group, says: “Forecasts
At the EDS Leadership Summit 2024, Procurement Pro’s Paige West sat down to hear the latest on the market from top executives of TTI and Mouser Electronics. Mike Morton, CEO of TTI, reviewed the company’s performance over the last decade, with a focus on the past three years. He highlighted the significant growth during 2021
At Embedded World 2024, Gilles Beltran, President of Avnet Silica, speaks with Electronic Specifier’s Editor, Mick Elliott, about Avnet Silica’s perspective on the component distribution market. Following several years of supply chain challenges affecting the entire market, Avnet Silica remains optimistic as conditions gradually improve, driven by the growth of various markets such as IoT,
The surge in artificial intelligence (AI) applications throughout 2023 triggered unprecedented demand for the components that power them. The notable moment in the AI market shift was the launch of ChatGPT. This had an immediate impact on the consumer electronics industry, which then cascaded into personal computing, automotive, aerospace and defence, contract manufacturing, and others. The
Author: Mick Elliott, Contributing Editor, Procurement Pro How will 2024 play out in the distribution market? Mick Elliott spoke to three executives and found mixed views. “Interesting,” was Solsta Managing Director John Macmichael’s wry response when asked for a summing up of the distribution market in 2023. That description changed to exciting as Macmichael recalled
The global semiconductor manufacturing industry in the first quarter of 2024 showed signs of improvement with an uptick in electronic sales, stabilising inventories and an increase in installed wafer fab capacity, SEMI announced in its Q1 2024 publication of the Semiconductor Manufacturing Monitor (SMM) Report, prepared in partnership with TechInsights. Stronger industry growth is expected
The anticipated semiconductor supercycle of growth has not so much hit the train buffers as demolished the entire station. From riding high on three consecutive quarters of growth to round out 2023, the market went into reverse posting a -5.7% decline in Q1 2024 a decline of 8.4% on Q4 2023, revealed Malcolm Penn, CEO
Global semiconductor materials market revenue in 2023 contracted 8.2% to $66.7 billion from the market record of $72.7 billion set in 2022, SEMI reported in its Materials Market Data Subscription (MMDS). Wafer fabrication materials revenue declined 7.0% to $41.5 billion in 2023, while packaging materials revenue fell 10.1% to $25.2 billion last year. The silicon,
