KUALA LUMPUR – Malaysian contract manufacturer Ge-Shen will purchase a 40% stake in EMS firm Local Assembly to expand its presence in electronics manufacturing.

NORTH YORK, ON – ZTest announced $4.2 million in revenue for the six-month period ending on Dec. 31, a record for the company and an 88% year-over-year increase.

SINGAPORE – ASMPT reported revenue of $435.4 million for the fourth quarter, a year-over-year decrease of 21.4%.

EL SALTO, MEXICO – Foxconn has purchased an NT827 million ($26.5 million) plot of land here with the aim to bolster its AI server production capabilities.

TECATE, MEXICO – OSI Electronics has opened a new manufacturing facility here to expand its capabilities in North America.

MOORESVILLE, NC -- General Microcircuits, a subsidiary of East West Manufacturing, will close this year and lay off about 100 workers, according to a mandatory government filing.

OULU, FINLAND – Scanfil saw sales of EUR220.8 million ($239.6 million) in the fourth quarter, a decrease of 0.7% from the same quarter of 2022.

WESTLAKE, OH – Nordson reported Advanced Technology Solutions sales of $119 million for the first quarter of its fiscal year, a decrease of 18% compared to the prior year first quarter.

REDMOND, WA – Data I/O reported sales of $6.9 million in fourth quarter, a decrease of 5% compared to 2022's fourth quarter.

BANNOCKBURN, IL – North American PCB shipments in January were down 3.9% compared to the same month last year, IPC reported in its latest North American PCB Statistical Program. The book-to-bill ratio stands at 0.93.

SUZHOU, CHINA – Panasonic has begun an expansion project at its SMT machine factory in China's Suzhou Industrial Park.

BANNOCKBURN, IL – North American EMS shipments in January were up 2.6% compared to the same month last year, according to IPC's findings from its North American EMS Statistical Program. The book-to-bill ratio stands at 1.20.