NEW YORK -- A leading semiconductor analyst raised his 2014 outlook based on higher-than-expected April sales. Per the Semiconductor Industry Association, April's actual global sales were $25.6 billion slightly higher than the forecast of $24.86 billion.
VELIKO TURNOVO, BULGARIA -- AQ Group has signed an agreement with Zlaten Lev Holding to buy 94.6% of Bulgarian ODM Carat Electronics. The all-cash deal is valued at €1.58 million and will close July 1, the companies said.
TAIPEI -- Foxconn Electronics' (Hon Hai) consolidated revenues fell 9% sequentially and 10.8% year-over-year in May, the company said. For the month, revenue totalted NT$267.97 billion ($8.89 billion) as demand lagged for PCs and consumer electronics.