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RICHARDSON, TX -- EMS provider TXP Corp. has signed a letter of intent to acquire the assets and intellectual property for Siemens AG's optical network terminal technology, supporting broadband passive optical network and gigabit passive optical network standards. The deal is nonbinding and is subject to customary due diligence. The transaction is expected to close in the fourth quarter. Read more ...
TAIPEI -- Foxconn Technology will invest a reported $1 billion to build an industrial park in China's Huaian economic development zone, according to a newspaper report yesterday.

The Hong Kong Standard cited the Huaian city government as saying that the company would invest the money in electronics facilities over the course of five years.

Huaian is located in China's eastern Jiangsu province.


ST. LOUISLaird Technologies, a designer and manufacturer of antennas, electromagnetic interference shielding, telematics and thermal management gear, will open a manufacturing facility in Chennai, India, next year. 
 
The company expects to break ground on the approximately 150,000 sq. ft. facility in January, and will reportedly open it in mid 2007. It will initially accommodate antenna production, followed by EMI products for handset applications.

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