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Global Semiconductor Fab Capacity Projected to Expand 6% in 2024 and 7% in 2025

06/18/2024 | SEMI
To keep pace with unremitting growth in demand for chips, the global semiconductor manufacturing industry is expected to increase capacity by 6% in 2024 and post a 7% gain in 2025, reaching a record capacity high of 33.7 million wafers per month (wpm: 8-inch equivalent), SEMI announced today in its latest quarterly World Fab Forecast report.

Incap Paid an Additional Earn-Out of $3M to the Sellers of Pennatronics

06/17/2024 | Incap
In July 2023, Incap acquired Pennatronics Inc., an electronics manufacturing services company located in Pennsylvania, USA. The acquisition agreement included a potential additional earn-out based on Pennatronics' EBITDA for the financial year ended March 2024.

Element Solutions Increases Q2, Full Year Guidance

06/17/2024 | Element Solutions Inc.
Element Solutions Inc announced that it is raising its guidance range for the second quarter and full year 2024. ESI now expects adjusted EBITDA to be approximately $135 million in the second quarter and between $530 million and $545 million for the full year.

Q1 Smartphone Production Increases Due to Low Base Last Year, Expected to Decline 5–10% in Q2

06/14/2024 | TrendForce
TrendForce reports that suppliers significantly reduced production targets in the first quarter of last year to address severe inventory accumulation in channels.

Rogers Announces Further Actions to Streamline Operations and Drive Margin Improvement

06/07/2024 | Rogers Corporation
Rogers Corporation announced plans to drive further operational efficiency and margin improvement. Rogers intends to wind down manufacturing of advanced circuit materials and other related activities at its Evergem, Belgium factory by mid-2025.
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