FRAMINGHAM, MA – Worldwide IT spending is now expected to decline 2.7% in constant currency terms this year as Covid-19 impacts the global economy and forces many organizations to respond with contingency planning and spending cuts in the short term, according to International Data Corp.

NEVADA CITY, CA – In 2019, the top 50 global electronics manufacturers had $351 billion in revenue combined, an increase of $21 billion from 2018, according to Manufacturing Market Insider, a division of New Venture Research. Top 50 sales increased year-over-year 6.4%, largely as a result of the bottom 40 EMS firms dominating growth.

LONDON – Global copper production in 2020 is expected to be impacted by the Covid-19 outbreak, according to GlobalData. After declining 1.9% in 2019 to 20.6 million metric tons due to lower ore grades and production disruptions, copper production was initially expected to grow 3.4% in 2020 due to an anticipated increase in production from Chile, China and Peru. However, with falling demand and ongoing disruption to mining activities due to lockdowns, this has been reduced to 1.9%, with production of 21Mt in 2020.

MILPITAS, CA — Global semiconductor materials market revenues decreased 1.1% in 2019, according to SEMI.