SHANGHAI -- Foxconn has purchased a 10,000 sq. meter plot here and will build its national headquarter,Taiwan's Commercial Times reported.
The company's global research and development center in Tucheng, Taiwan has been completed, DigiTimes said, and will spend roughly $369.8 million over the next three years on it.
Foxconn will employ over 3,000 employees at the R&D site, the report said.
SAN FRANCISCO – December poll results were at their weakest level of 2006, says Deutsche Bank Equity Research. CIOs expect IT budgets to grow 5.8% during the next 12 months, down from 6.5% in September.
LOS ANGELES - P. Kay Metal announced the
opening of its Shenzhen, China office – its first in Asia Dr. Erik Severin will
head the office, supporting the market development efforts of Wong's Kong King
and other company distributors throughout the Pacific Rim. Dr. Severin has worked in new business development and with startup companies for the past
seven years. He has a Ph.D. in chemistry from the California Institute of
Technology.
FORT WORTH,
TX -- Berkshire
Hathaway Inc., the investment fund of Warren Buffett, will buy component distributor TTI Inc. Terms were not disclosed and the deal is expected to close during the first quarter of 2007.
The deal includes TTI subsidiary Mouser Electronics. TTI is the world's fifth largest electronics components distributor, with reported sales of $835 million in 2005.
MANKATO, MN – EMS firm Winland Electronics has signed a one-year agreement to manufacture a line of digital imaging products.
The company shipped $1.1 million of digital imaging products in the fourth quarter and has received a purchase order for an additional $1.1 million scheduled for shipment in early 2007.
The firm said it anticipates additional orders. The supply agreement is renewable in one-year terms.
MILPITAS -- Top tier electronics manufacturing services provider Solectron reported November quarter sales of $2.99 billion, up 22% from the same quarter 2005. In its 10Q form, Solectron said its gross profit was up 10% to $149.4 million, while income from continuing operations fell sharply to $6.6 million from $20.2 million a year ago.