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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,
There are challenging quarters ahead for the European component distribution business. That’s the message from DMASS as it reports a decline of over 23% to €4.58 billion across all components in Q1 2024. It says the market will contract, and there will be no early recovery. Hermann Reiter, Chairman, DMASS Europe commented: “This market consolidation
Worldwide silicon wafer shipments decreased 5.4% quarter-over-quarter to 2,834 million square inches in the first quarter of 2024, a 13.2% drop from the 3,265 million square inches recorded during the same quarter last year, the SEMI Silicon Manufacturers Group (SMG) reported in its quarterly analysis of the silicon wafer industry. “The continuing decline in IC
