Aspocomp’s net sales dropped 30% in 1Q24
April 18, 2024
Aspocomp’s first-quarter net sales amounted to EUR 6.2 million, down 30% from EUR 8.9 million during the same quarter last year.
The state of the electronic component Industry
February 13, 2024
Independent distributor of electronic components and products, Fusion Worldwide, has provided Evertiq with a comprehensive look at the state of the electronic component industry through "Fusion Worldwide's 2024 Report."
POSCO to build rare gas production facility
December 27, 2023
Korean industrial giant POSCO Holdings has formed a JV with China's Zhongtai Cryogenic Technology to boost production of rare gases for local chip companies.
Ukraine reveals plan to compete in the semiconductor space
December 20, 2023
The Ukraine government has declared its intention to help local firms manufacture semiconductors at the rate of 50,000 chips a month by 2028.
European component distribution decelerates
November 15, 2023
“After nearly 3 years of unprecedented growth, the market starting to consolidate is not a surprise. However, despite all current geo-political challenges, the long-term outlook for our industry overall remains positive,” says Hermann Reiter, Chairman DMASS Europe.
Four arrested for supplying Russia with semiconductors
November 02, 2023
Over USD 7 million worth of semiconductors, ICs, and other electronics have been unlawfully exported from the US to Russian end-users affiliated with the Russian military.
Teledyne FLIR ink $31 million contract with Kongsberg
August 31, 2023
Teledyne FLIR Defense has signed a contract with Kongsberg Defence & Aerospace, Norway, valued at roughly USD 31 million to provide its Cerberus XL mobile counter-unmanned aerial system (UAS) as part of a total C-UAS solution for Ukraine.
Germany arrests man for exporting components to Russia
August 29, 2023
The federal prosecutor's office in Germany reported on Tuesday that a German-Russian dual citizen had been detained on suspicion of repeatedly breaking the country's foreign trade laws – sending electronic components to a Russian company.
Foxconn founder to run for Taiwan presidency
August 28, 2023
Terry Gou, the founder of electronics manufacturing giant Foxconn, launched his candidature for Taiwan's next president in the 2024 elections on Monday.
Global notebook shipments on the rebound
July 04, 2023
TrendForce has predicted a noticeable recovery in the global notebook market for 2Q23. Shipments are projected to hit 40.45 million units – a QoQ increase of 15.7%.
Investments will keep Optiprint running though tough times
June 29, 2023
With the volatility of the past years behind us, Swiss PCB manufacturer Optiprint looked back at what the company had gone through and the current situation to devise a strategy to ensure its future and increase resilience.
VARTA AG to cut around 240 jobs in 2023
April 26, 2023
After years of strong growth and the associated expansion of production capacities and personnel, VARTA AG says that it will eliminate around 240 jobs in Germany this year as part of its restructuring.
Harting denies allegations of military supply to Russia
April 17, 2023
Business magazine Capital recently reported that a Harting RJ45 connector has been discovered in the remains of a Russian missile in Ukraine. Harting is now responding to the finding.
US CHIPS Act will slow down Chinese chip development for years
April 17, 2023
Recent updates to the US CHIPS and Science Act by the US Department of Commerce stipulate that beneficiaries of the act will be restricted in their investment activities – for more advanced and mature processes – in China, North Korea, Iran, and Russia for the next ten years. Restrictions that will limit Chinese semiconductor development for the next decade, says TrendForce.
How to become a supplier to the U.S. Department of Defense and NATO
April 12, 2023
In 2015, in response to an overwhelming demand for support to international industries pursuing opportunities associated with Poland’s defense modernisation program, Poland-U.S. Operations (PLUS Ops) was established.
Cisco leaves Russia – leaving destroyed equipment behind
April 10, 2023
Cisco Systems decided to stop all sales in Russia back in March 2022 already, and later in June the company decided to shut down operations and leave the Russian market.
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Against the background of inflation, how is the security of the semiconductor supply chain maintaine
The semi-conductor market has been put under extreme pressure in recent years, with supply chain shortages driven by natural disasters, changing economic conditions and other geographic and political events.
Rebuilding and modernising the Polish Army
March 24, 2023
In light of the Russian invasion of Ukraine, Poland is looking to further increase defence spending and modernise its army.
Volkswagen’s Russian assets have been frozen
March 21, 2023
The german carmaker has been trying to wind down its Russian operation for basically a year, now another roadblock has hit VW as its assets in the country have been frozen by a Russian court.
Nexperia responds to news that its chips have been found in Russian military equipment
March 16, 2023
News has circulated that Nexperia chips have been found in Russian military equipment. Nexperia says that it has never been involved in projects of military nature and that it has no intention of doing so in the future.
Rebound Electronics has no intention of slowing down
March 14, 2023
2022 proved to be a successful year for the distributor. The company experienced growth – both in business and presence – in multiple regions. Evertiq reached out to Marcin Malinowski, Eastern Europe Director in Rebound Electronics, to talk about the challenges and of the past year and the opportunities ahead.
Global smartphone production fell by 15.5% YoY in 4Q22
March 10, 2023
Smartphone brands hoped that the promotional activities related to the year-end holiday season or initiated by e-commerce companies would lead to a significant reduction in channel inventory near the end of 2022.
European components distribution reports record 2022
February 09, 2023
DMASS reports Q4 growth of 38% in semiconductors and 8% in interconnect, passive and electromechanical components. Second consecutive record year in sales. Normalisation is inevitable, but the outlook is difficult.
Global car sales projected to rebound in 2023
February 09, 2023
According to TrendForce’s analysis, global car sales dipped by 0.1% YoY to 81.05 million vehicle units for 2022, showing almost no change from the 2021 figure.
Philips to cut an additional 6,000 jobs
January 30, 2023
The Dutch electronics company just released its fourth-quarter and annual results 2022 report, in conjunction with the report the company released a "plan to create value with sustainable impact" in which it announced that it will add to the previously announced reduction of its workforce.
ICAPE Group ends its operations in Russia
January 18, 2023
PCB company ICAPE Group says that it is disengaging from Russia.
Shipments of TV panels are projected to drop by 2.8% YoY for 2023
January 13, 2023
The ongoing Russia-Ukraine military conflict and high inflation will continue to affect the global economy and politics during 2023.
Europe’s largest deposit of rare earth metals found in Northern Sweden
January 13, 2023
Swedish mining and mineral group, LKAB, has identified significant deposits of rare earth elements in the Kiruna area, metals which are essential for, among other applications, the manufacture of electric vehicles and wind turbines.
LCD monitor shipments to return to pre-pandemic levels for 2023
January 10, 2023
According to TrendForce’s latest analysis of the market for LCD monitors, device shipments are estimated to reach around 135 million units for 2022, showing a YoY drop of 7%.
10 events that defined the industry in 2022
December 28, 2022
2022 has been, just like the years before it, a special year. Supply chain issues, geopolitical tension and the resurgence of the pandemic has kept the industry on its toes.
PCB industry: order backlog is growing, business expectations are falling
December 19, 2022
In the second quarter of 2022, order intake for the German PCB industry rose again slightly by 5.7% for the first time, after three consecutive quarters of decline.
Ericsson divests its customer support business in Russia
December 15, 2022
Ericsson will sell its local customer support business to former Local operational managers.
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