Global ratings agency S&P Global Ratings has forecast that IT spending will grow between 2% and 3% in the year ahead, an improvement from 2019.
Australian-listed semiconductor company Weebit Nano and flash memory chips provider XTX Technology have signed a letter of Intent to co-operate and investigate ways to use Weebit’s SiOx ReRAM technology in XTX products and explore potential co-operation in sales and marketing activities in China.
Semiconductor and hardware manufacturer Broadcom has said it will take a hit of about US$2 billion in annual sales for its current financial year which ends in November, due to the restrictions placed on Chinese telecommunications equipment vendor Huawei Technologies.
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