News
SAN JOSE – The SIA today lowered its 2007 forecast for global microchip sales growth from 10% to 1.8%, citing drops in average selling prices. The new forecast projects total sales of $252 billion, rising to $306 billion in 2010, a 5.4% CAGR for year-end 2006 through 2010, said the trade group's president, George Scalise.
TAIWAN – Cellphone maker Foxconn International Holdings Ltd. plans to spend $1 billion by the end of 2008 to more than double its production capacity, according to published reports.
The company produced more than $10 billion worth of products last year, and expects to produce more than $20 billion from 2008 through 2009.
VANCOUVER -- PTL Electronics Ltd. has invested $1.1 million in new equipment and will
open a manufacturing facility in August to meet customer demand. The EMS firm's new facility will double the existing manufacturing space, while and the new equipment is expected to increase
capacity by 150%. It will bring the number of Siemens high-speed SMT lines to four, including a
single line dedicated to prototypes.
The new facility will be situated close to the
current location, and will open in August. It will include
a dedicated area for full box-build assembly. PTL will operate in both locations
simultaneously for two months to ease potential disruptions.
PTL, which is owned by Moventis Capital, grew 76% last year to $15.7 million and will have $5 million in backlogs
for the quarter ending June 30.
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