News
Delhi -- Flextronics will become a preferred manufacturing partner for SemIndia Inc., a chip manufacturing consortium working with Advanced Micro Devices, the Indian government, Government of Andhra Pradesh and the India Semiconductor Association.
Flextronics will manufacture electronic products for SemIndia and SemIndia will manufacture semiconductor chips for the various products that Flextronics manufactures in India (including chips for cell phones, set-top boxes and PCs).
Flextronics will manufacture electronic products for SemIndia and SemIndia will manufacture semiconductor chips for the various products that Flextronics manufactures in India (including chips for cell phones, set-top boxes and PCs).
Haapajärvi, Finland -- Flextronics has decided to close its printed circuit assembly plant in Haapajärvi, Finland, according to European news source Evertiq. Reportedly the plant’s 120 employees will be fired.
The closure is said to be due to high labour costs, so production is expected to transfer to a low-cost location. As Evertiq notes, the decision is surprising since the plant hired new staff last week. However, the company did lay off half of its Hungarian workforce (950 employees) in February.
SAN JOSE -- Electronic design automation (EDA) industry revenue for the fourth quarter was $1,253 million, up 5% over Q4 2004. For 2005, revenue totaled a record $4,575 million, or 3% more than 2004’s $4,437 million. The figures come from the EDA Consortium’s Market Statistics Service.
"The EDA industry continued to strengthen in the fourth quarter," said Walden C. Rhines, chairman of the EDA Consortium and chairman and CEO of Mentor Graphics. "Revenues were up in all regions and most product lines."
The largest tool category, computer-aided engineering (CAE), generated revenue of $542 million, 4% more than the same quarter last year. CAE revenue for the year stayed at $1,925 million.
"The EDA industry continued to strengthen in the fourth quarter," said Walden C. Rhines, chairman of the EDA Consortium and chairman and CEO of Mentor Graphics. "Revenues were up in all regions and most product lines."
The largest tool category, computer-aided engineering (CAE), generated revenue of $542 million, 4% more than the same quarter last year. CAE revenue for the year stayed at $1,925 million.
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