NEEDHAM, MA – The pace of recovery for the smartphone market accelerated in the first quarter, with 25.5% year-over-year shipment growth, according to International Data Corp. Smartphone vendors shipped nearly 346 million devices during the quarter.

MILPITAS, CA – North America-based semiconductor equipment manufacturers posted $3.27 billion in billings worldwide in March (three-month average basis), up 48% year-over-year and 4.2% sequentially, according to SEMI.