News
SHENZHEN -- Nam Tai Electronics, the world's 17th largest EMS company, reported second-quarter sales fell 30.3% from a year ago to $101.8 million.
HONG KONG -- Surface Mount Technology Holdings reported June quarter revenue of HK$435.3 million ($56.2 million), down 49.8% year-over-year, on slower demand.
SCOTTSDALE, AZ – Aggregate sales of the 20 largest semiconductor companies rose 21% sequentially, says IC Insights, on strong inventory replenishment.
That’s up 37 points from the first-quarter sequential results.
The research firm said inventory cutbacks reversed their trend of the previous two quarters, and seasonal demand for electronics will drive third-quarter semiconductor sales up at least another 8%.
The firm reiterated its forecast of a 17% decline for 2009.
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