Worldwide spending on telecommunications and pay TV services will reach US$1,544 billion in 2024, representing an increase of 2.4% year-on-year, according to the Worldwide Semiannual Telecom Services Tracker published by IDC. The latest prediction is 1pp higher than the version published in the May edition of IDC’s Tracker. If that forecast becomes reality, the above-mentioned annual growth rate would be the highest recorded in the last 12 years.

IQE, a British manufacturer of compound semiconductor wafers and materials solutions, will proceed with its plan to list its Taiwan subsidiary in 2025, despite considering a potential sale of the local operations, according to an unnamed executive.

IC distributor Edom Technology projects that current trends will extend into 2025, with AI remaining the industry’s core focus. The company is actively monitoring infrastructure developments in network communications while deepening its collaboration with Nvidia to expand its presence in industrial control and healthcare applications.

China’s Single’s Day shopping season expanded to a full month this year. While overall sales momentum appeared lackluster amid reports of discount exploitation and high return rates, the electronics sector showed strong performance, driven by government trade-in subsidies and promotional campaigns for new devices.