China’s exports tumble in May as global demand falters, Reports Reuters
BEIJING, June 7 (Reuters) – China’s exports shrank much faster than expected in May while imports extended declines with a grim outlook for global demand, especially from developed markets, raising doubts about the fragile economic recovery. The world’s second-largest economy grew faster than expected in the first quarter thanks to robust services consumption and a […]
Up Close with Jolin Zhao, WinSource Electronics
Eric learns about Asian-based component distributor WinSource Electronics from Jolin Zhao, Sales Representative. This company enables direct sourcing from Asia from an organization that has been operating since 1999. It is focused on obsolete, end-of-life, and hard to find parts, as well as standard components. Jolin explains her company’s efforts to solve these challenges and […]
Global Semiconductor Sales Increase 0.3% Month-to-Month in April, Down 21.6% Year-to-Year
Worldwide chip sales down 21.6% year-to-year; latest industry forecast projects annual downturn of 10.3% in 2023 followed by growth of 11.9% in 2024 WASHINGTON—The Semiconductor Industry Association (SIA) today announced global semiconductor industry sales were $40.0 billion during the month of April 2023, an increase of 0.3% compared to the March 2023 total of $39.8 […]
Global Smartphone Production Drops to a Ten-year Quarterly Low at 250 Million Units, Says TrendForce
The ongoing global economic downturn continues to impact consumer confidence in the market. TrendForce reports that the global production volume of smartphones in 1Q23 was only 250 million units—marking a 19.5% YoY decrease. This represents not only the greatest annual decrease but also a historic low in quarterly production since 2014. Samsung observed a slight […]