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STAMFORD, CT -- Gartner raised its outlook for the worldwide semiconductor market revenue, saying it will drop 22.4% in 2009, up from a February estimate of a 24.1% fall. Read more ...

HONG KONG -- Surface Mount Technology Holdings, a top 30 EMS company, reported revenue plunged 52% year-over-year to HK$397.7 million ($51.3 million) for the quarter ended March 31.

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SAN JOSE -- Flextronics is commencing a cash tender offer to purchase up to $200 million worth of its outstanding long-term notes and is proposing changes to existing terms that would permit the EMS company to retire up to $500 million worth of other debt early.

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