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Global semiconductor equipment sales grow 5 percent to $25 billion

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Global semiconductor equipment billings grew 5 percent year-over-year to $24.7 billion in the first quarter of 2022, according industry association SEMI.

The figures were revealed in SEMI’s Worldwide Semiconductor Equipment Market Statistics Report. Quarter-over-quarter billings in the seasonally soft first quarter declined 10 percent.

Ajit Manocha, SEMI president and CEO, says: “Year-over-year first quarter equipment revenue growth is in sync with positive forecasts for 2022 as the semiconductor industry continues its robust increase of fab capacity. North America and Europe logged healthy quarter-over-quarter rises in equipment spending as they intensify efforts to bolster domestic chipmaking.” [Read more…] about Global semiconductor equipment sales grow 5 percent to $25 billion

VW electric vehicle sales increase more than 400 percent

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Volkswagen’s electric vehicle sales have increased more than 400 percent over the past year, according to the German auto giant’s latest figures.

The Volkswagen Group says its “e-offensive is gaining traction”. Deliveries of electric models in the EU including the UK, Norway and Iceland increased “more than fourfold in the year now ended to a total of 315,400 electric vehicles (2019: 72,600)”.

The proportion of battery electric vehicles (BEVs) and plug-in-hybrids (PHEVs) in the total deliveries rose to 9.7 percent (2019: 1.7 percent). [Read more…] about VW electric vehicle sales increase more than 400 percent

The EV market continues to grow at an electrifying rate

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It wasn’t all that long ago that we thought Doc Brown powering his DeLorean with banana peels and apple cores was the stuff of science fiction.

And while we haven’t quite gone the way of biofuel, the best electric cars on the market today show that the future is a lot closer than we thought.

We have already moved away from simple hybridization towards vehicles that run on electrons alone, but plug-and-play cars are just a stepping stone on the way to the future. [Read more…] about The EV market continues to grow at an electrifying rate