BENGALURU — Foxconn's founder-director Terry Gou warned China that the government's zero-COVID stance would threaten the position China's economy in the global supply chain, which played a major role in convincing the country's leadership to reopen the economy and move away from its zero-tolerance COVID-19 policy, the Wall Street Journal reported.
BILLINGSTAD, NORWAY — With strong demand and easing supply restraints, Kitron has raised its full-year 2022 revenue outlook to NOK 6.45-6.55 billion (US $645-655 million). Operating profit is expected to be between NOK 440-470 million ($44-47 million).
FOND DU LAC, WI — Parts cleaning system manufacturer Alliance Manufacturing has announced the acquisition of TDC (Technical Devices Company), a manufacturer of cleaning equipment for the electronics and printed circuit board industries based in Torrance, CA.