News
SAN JOSE – The Semiconductor Industry Association said George Scalise, president of the organization since 1997, would retire at the end of 2010.
The association also said, in connection with the transition, it would relocate its headquarters to Washington, DC. The move is expected to be completed by the end of 2010.
SIA will immediately begin to search for possible candidates for a successor.
SOUTH SAN FRANCISCO – Worldwide Energy and Manufacturing USA Inc. reported third-quarter net sales of $18.62 million, up 87% sequentially.
Compared to the third quarter of 2008, sales were down slightly. Contract manufacturing division sales decreased as a result of market conditions.
Gross profit increased 109.8% year-over-year to $2.86 million. Gross profit for contract manufacturing for the quarter was $1.06 million, up 14.9% year-over-year.
Net income was $903,357 compared to a net profit of $540,608 in the third quarter last year. The 67.1% increase was driven by greater profitability of both the solar and contract manufacturing divisions.
Net sales for the nine-month period ended Sept. 30 were $39.22, up 25.1% year-over-year.
For the nine-month period, gross profit was $6.56 million, up 70.3% compared to the same period in 2008.
Worldwide Energy and Manufacturing USA is a solar module technology and manufacturing company.
SAN JOSE – The Semiconductor Industry Association projects worldwide semiconductor sales will recover in style next year, following a double-digit drop in 2009.
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