News
COLORADO SPRINGS – Contract electronics manufacturer Jabil Circuit said it plans to hire at least 39 engineers for its design center here, for a total of 63, say reports.
The firm says this move reflects the outsourcing trend of personal computer firms, and the facility is expanding to meet growing demand for components of storage systems.
Also, Jabil’s computer and storage sector design center in Shanghai is set to increase by 100 employees to 250 by the end of the year.
The firm’s sales grew 32.2% year-over-year to $4.08 billion for the quarter ended Nov. 30, with profits more than tripling to $107.4 million.
TORONTO -- SMTC reported fourth-quarter net income rose 110% year-over-year to $4.5 million for the period ended Dec. 31.
MINNEAPOLIS -- Nortech Systems swung to a fourth-quarter net profit of $137,051, from a loss of $145,347 a year ago.
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