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> ERA Quick Connections – Feb. 2024, Vol. 2

February 2024, Volume 2


The industry finished the year on a downward trend as evidenced by a lower fourth quarter. December 2023 was the lowest POS month of the year, down 7 percent from November and 15 percent below December 2022. The fourth quarter of 2023 was 10 percent down from the same time last year. Year over year shows a 5 percent decrease when comparing 2023 to 2022. Although 2023 started off fine, it declined quite a bit during the second half of the year. A graphical analysis of 2023 shows that the last three months have dipped significantly.

Budde Marketing will be creating new analytics next month and will give its projections for 2024 at that time.


> The federal government announced Monday it is giving the semiconductor maker GlobalFoundries $1.5 billion to expand its manufacturing facilities. Read more.

> Just as the Biden Adminstration starts to dole out Chip Act money, the New York Times reports that some chip manufacturing companies are running into obstacles in their plans to expand. Read more.

> CNBC reports 2024 will be the year of cost-cutting for many corporations — whether they’ve been profitable or not. Read more.


The February 2024 ERA Electronic Components Industry Trend Survey is now closed.

Results from the January 2024 survey are now in!

View results from January 2024!

Please note: ERA sends this survey monthly to one contact from each ERA member firm via email. Please be on the lookout for this survey in your email inbox. The email will come from If you have questions about who the survey contact is for your organization, or would like to change this contact, please email Edgewater Research.

If you have been completing the survey monthly, many thanks! This survey is only made better by a robust and diverse universe of responding companies. Help make this survey a valuable resource for you and the rest of ERA membership by taking 5 minutes to complete this each month. The results are visible only to ERA members and provides valuable insight into what ERA members see on the horizon for the near and long term.



> The final countdown to the ERA Conference is on… We will see 2024 Conference attendees in Austin in less than one week! View the detailed Conference FAQ page to read details about the Conference app, venue and parking information, attire, schedule, meeting room information, badge pick-up and more. Many thanks, and we look forward to seeing you in Austin!

All systems go… Get ready to “energize the customers’ experience” with us!


You won’t want to miss the new Winter 2024 issue of The Representor, packed full of great content for the electronics industry.

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