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WASHINGTON — Worldwide semiconductor sales reached $23.62 billion in April , down 1.8% year-over-year. Sales were up 60 basis points from March, the Semiconductor Industry Association added.

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TAIPEI -- Hon Hai will spin  off its connector business into a separate entity come July, according to a Reuters report.

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TOKYO -- A joint venture among Juki, Sony Corp., and Sony's placement equipment business unit have been formalized and will become operational Aug. 1.

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