News
NEW DELHI – India’s government aims to bring in $100 billion in investments for electronic component manufacturing by 2020, according to published reports.
A draft of initiatives proposes tax incentives, special funding, 200 manufacturing clusters, and preferential access for locally made products.
The policy is expected to be completed by December, and the initiatives are expected to create 28 million jobs.
Local demand for electronics hardware is expected to reach $400 billion by 2020, up from $45 billion in 2009.
VANCOUVER – Pacific Insight Electronics Corp. reported a fourth-quarter net loss of $19,000, compared with a net income of $316,000 in the prior year.
The EMS firm reported sales for the period ended June 30 of $8.47 million, up 4% year-over-year.
Sales for the year ended June 30 were $32.8 million, up 12% compared to last year. Net income was $163,000, down 69.3% year-over-year.
Pacific Insight Electronics is a contract designer and assembler of electronics products.
SUWANEE, GA -- ASM Assembly Systems Americas has named Jeff Timms chief executive and general manager, Americas, replacing interim CEO Otto Waters.
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