EL SEGUNDO, CA -- The global hard disk drive industry surged to record revenue in the first quarter, thanks to higher average selling prices that compensated for the wreckage and loss in shipments left by the October floods in Thailand, according to an IHS iSuppli report.

EL SEGUNDO, CA -- Semiconductor stockpiles held by chip suppliers increased during the first quarter of 2012, but the rise in inventory for a second straight quarter was driven by the anticipation of higher demand from customers, according to an IHS iSuppli Inventory Insider Market Brief report.