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Worldwide Shipments of Wearable Devices Grew 8.8% Year Over Year in Q1 2024 While Average Selling Prices Continue to Decline

06/04/2024 | IDC
The wearables market began 2024 with a growth spurt as global shipments of wearable devices grew 8.8% year over year in the first quarter (1Q24) to 113.1 million units, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.

Foldable Phone Shipments Gradually Rise, Market Penetration Expected to Reach Nearly 5% by 2028

06/04/2024 | TrendForce
TrendForce reports that shipments of foldable phones are expected to reach 17.8 million units in 2024, making up only 1.5% of the smartphone market. Despite high repair rates and costs, market penetration is projected to climb to 4.8% by 2028.

Micro LED Chip Market Value Expected to Reach $580 Million by 2028, Focusing on Head-Mounted Devices and Automotive Applications

06/03/2024 | TrendForce
Efforts to reduce the cost of Micro LED chips through size miniaturization are ongoing. Companies like LGE, BOE, and Vistar continue to invest in large display applications, while AUO has been focusing on developing smartwatch products.

Renesas Announces Execution of Facilities Agreement for Altium Acquisition

05/30/2024 | Renesas
As announced in a previous press release, Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, reached an agreement with Altium Limited, a global leader in electronics design systems, in which Renesas will acquire all outstanding shares of Altium, making Altium a wholly-owned subsidiary of Renesas, subject to the satisfaction of certain conditions.

SEACOMP Opens New Electronics Manufacturing Facility in Tijuana, Mexico

05/30/2024 | PRWEB
SEACOMP, a USA-based electronics manufacturing services provider, has recently opened a new manufacturing facility in Tijuana, Mexico. This impressive 60,000 sq. ft. facility is just an hour south of SEACOMP's Carlsbad headquarters.
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