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A rapidly growing population where a significant majority of that population are between 15-29 years old not only means the emergence of a tech-savvy generation who have grown up using smartphones and laptops, but growing numbers of a population with greater spending power. India, whose recorded population was approximately 1.4 billion in 2022 and growing,
For the second consecutive month, the ECST survey reported disappointing results, with the overall component index dropping by 13.4 points in June to fall below the 100-point threshold, landing at 98.9 points. The cumulative decline of over 25 points in May and June wiped out all progress made since January. “Once again, survey respondents expect
Micro-Electro-Mechanical Systems (MEMS) devices are integral to modern life, found in a wide array of applications ranging from smartphones and automobiles to fighter jets. Their extensive use means that the production volumes and associated revenues of MEMS devices can be substantial. The MEMS market is poised for significant long-term growth, driven by key trends across
In the first quarter of 2024, the semiconductor market saw a decline of approximately 2%, falling to $151.5bn, as reported by Omdia’s new Competitive Landscaping Tool. This downturn is typical for the first quarter, which generally follows a strong fourth quarter driven by seasonal demand, often resulting in a 4.4% revenue drop. Most segments within
To keep up with the increasing demand for chips, the global semiconductor manufacturing industry is projected to expand capacity by 6% in 2024 and achieve a 7% increase in 2025, reaching a record capacity of 33.7 million wafers per month (wpm, 8-inch equivalent), according to SEMI’s latest quarterly World Fab Forecast report. The capacity for
A new report by IPC reveals Europe’s growing dependency on other regions for electronics manufacturing in critical and strategic sectors, including aerospace and defence. Despite the adoption of the European Chips Act, the ‘Securing EU’s Electronics Ecosystem’ report finds that the EU’s market share in critical electronics components beyond chips – such as printed circuit
The May ECST survey results from ECIA reveal a notable slip in sales sentiment as the May index saw a loss of roughly 70% of the gains achieved in April. Despite a drop of nearly 12 index points, the overall score still registered a solid 112.3 and delivered the fourth consecutive month of positive overall
Author: Mick Elliott, Contributing Editor Global semiconductor sales reached $46.4 billion in April 2024, says the Semiconductor Industry Association (SIA), marking a 15.8% increase from $40.1 billion in April 2023 and a 1.1% rise from $45.9 billion in March 2024. Regionally, year-over-year sales in April increased significantly in the Americas by 32.4%, China sales grew
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