SCOTTSDALE, AZ – IC Insights raised its 2021 worldwide IC market forecast to growth of 24%. The global IC market is expected to exceed $500 billion for the first time.

STAMFORD, CT – After a steep decline in 2020, global smartphone sales to end users grew 26% in the first quarter of 2021, according to Gartner. Overall, worldwide mobile phone sales to end users grew 22% year-over-year.

STAMFORD, CT – The worldwide semiconductor shortage will last through this year and not recover to normal levels until the second quarter of 2022, according to Gartner. Substrate capacity constraints could extend to the fourth quarter of next year.

NEW YORK – Electronic and electrical equipment sales were down 30% in low- and middle-income countries in the first three quarters of last year as a result of Covid-19, according to a new UN report. In high-income countries, sales were down 5% in the same period.