Nordson reported fiscal first quarter Advanced Technology Solutions sales of $238.2 million, up 3% year-over-year.
Cadence Design Systems reported sales from its System Design and Analysis business, which includes printed circuit board design software, jumped 64% to $83.6 million in the period ended Jan. 2.
North America-based semiconductor equipment manufacturers posted $3.04 billion in billings worldwide in January, the first time monthly billings have reached $3 billion, according to SEMI.
The global printed circuit board market was valued at $53.21 billion in 2020 and is expected to reach $69.32 Billion by 2027, with a CAGR of 3.85% over the forecast period.
Foxconn said its open electric car platform is expected to debut three new models in the fourth quarter of this year.
The chairman of Foxconn said he expects his company and its clients will face only "limited impact" from a chip shortage that has rattled the global automotive and semiconductor industries.
Huawei Technologies saw slight revenue and profit growth in 2020, in line with its expectations, its rotating chairman said, even as Washington toughened up sanctions against the Chinese telecom equipment maker.
Worldwide government IT spending is forecast to total $483 billion in 2021, an increase of 5.1% from 2020.
Foxconn said it plans “to capture a substantial percentage” of the US server market, but did not disclose details.
NEOTech partnered with Numerica to provide new 3D radar for C-UAS and short-range defense missions.
Worldwide revenues for the artificial intelligence market, including software, hardware, and services, are forecast to grow 16.4% year-over-year in 2021 to $327.5 billion.
Global smartphone sales to end users declined 5.4% in the fourth quarter, while smartphone sales were down 12.5% in 2020.
Pro-Active Engineering added two Mycronic DX100 high-speed pick-and-place machines, with an expected capacity increase up to 40%.
Yamaha Motor appointed Michael Helin to senior automation engineer of Robot Operations FA.
3M and Pegatron have teamed to develop a new virtual reality reference design headset with a folded optics lens.
IDM vendors may consider outsourcing more of their production starting in 2022, with Taiwan-based contract chipmakers being among the beneficiaries.
Electric vehicle registrations in the US in 2020 reached record market share of 1.8%, according to IHS Markit. December also represented the highest monthly share for EV new registrations, at 2.5% of the industry.