News
BALTIMORE, MD – View Systems Inc., homeland defense solutions provider, has agreed to merge with Wytan.
Wytan is a Golden, CO-based EMS firm specializing in surface mount, ball grid array, micro BGA, chip scale packages and flip chip.
Principals from both companies are discussing the merger process. No financial terms have been disclosed.
BANNOCKBURN, IL – North American PWB shipments in October dropped 4.8% year-over-year; orders decreased 14.6% compared to the same month in 2007, says IPC.
PENANG, MALAYSIA – Several companies are taking steps
ranging from freezing hiring to shortening their working weeks in response to
lower demand for electronics, local officials say.
Agilent Technologies and Jabil Circuit will close their factories in Bayan Lepas between Christmas and New Year, Federation of Malaysian Manufacturers northern branch chairman Datuk O.K. Lee said, according to published reports. Others are reducing their workweek from five days to four.
ST. PETERSBURG – Workforce reductions will hit Jabil Circuit’s headquarters next month as the Top Tier EMS firm will axe some 150 employees, or roughly 7.5% of the site’s staff, a local paper is reporting.
NEW YORK -- Alcatel-Lucent
is pulling most of its production now outsourced to Celestica,
Flextronics and Sanmina-SCI back in house, Credit Suisse analysts are reporting.
The move will take nearly $2 billion out of the hands of the major contract assemblers. Instead, production will take place at Alcatel Shanghai Bell.
The move will take nearly $2 billion out of the hands of the major contract assemblers. Instead, production will take place at Alcatel Shanghai Bell.
JASPER, IN – The economic decline will shakeup the OEM programs sought by EMS companies, Kimball International's top executive said.
"The financial crisis and the economic slowdown will cause those companies larger than we are to push down and to try to serve our space. It will bring more margin pressure in our markets," Kimball president and chief executive Jim Thyen said on the company's quarterly conference call with analysts.
"The financial crisis and the economic slowdown will cause those companies larger than we are to push down and to try to serve our space. It will bring more margin pressure in our markets," Kimball president and chief executive Jim Thyen said on the company's quarterly conference call with analysts.
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