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SPOKANE VALLEY, WA – EMS provider Key Tronic Corp. reported revenue of $49.2 million for the fourth quarter, up 4% sequentially and down 6% year-over-year.
 
Net income for the fourth quarter was $2.7 million, which included a benefit from the company's sale of its former facility in Las Cruces, NM, of approximately $1.5 million.
 
This compares to $7.1 million for the same period last year, which included an income tax benefit of approximately $5 million.
 
For the year, revenue was $201.7 million, up 7% from last year. Net income was $5.2 million, down 47% year-over-year.
TAIWAN – Taiwanese contract IC foundries are expected to produce $3.66 billion worth of product, up 16.9% sequentially, thanks to growing demand, according to the Taiwan Semiconductor Industry Association.

The sector began recovering in the second quarter, with an output of $3.13 billion, up 13.2% sequentially, according to TSIA.
 
TSIA predicts third-quarter output will increase 5.5% year-over-year. The trend will follow decreases in inventory brought about by growing demand for PCs, cellphones and other consumer electronics, as a result of positive seasonal sales and outsourcing of orders for nanotech products reported by integrated device manufacturers, the report said.
ENDICOTT, NY — The U.S. Department of Defense has increased an existing contract with Endicott Interconnect Technologies by $19 million to cover additional multichip module assemblies and equipment, the company reports. 

EI recently bought a flip-chip packaging line, including a screen printer, placement machines, reflow oven and AOI tools to build the additional MCMs.

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