News
NORTH BILLERICA, MA -- BTU International today raised revenue guidance for its second quarter ending June 30 on the strength of higher than expected sales of reflow soldering equipment.
PADERBORN, GERMANY -- The Flextronics EMS site here has been acquired by an investment group and renamed Periscope EMS.
4K Invest acquired the site, along with 370 workers, in the deal. No financial details were disclosed.
4K Invest partner Markus Roschel has been named CEO of Periscope.
Fujitsu Siemens Computers opened the 82,000 sq. ft. plant in 1994, then sold it to Flextronics in 2000. It primarily supplies the automotive, industrial and telecom end-markets.
4K Invest also owns Selcom Group, the Italy-based electronics manufacturing company.
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.
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