News
STOCKHOLM – Mycronic reported second-quarter sales of SEK1.25 billion ($1.22 billion), a 2% decrease from last year's second quarter.
BILLINGSTAD, NORWAY – Kitron announced record revenue of €206.3 million ($230.8 million) for the second quarter, an increase of 31% compared to the second quarter of last year.
JUÁREZ, MEXICO – Kurtz Ersa has broken ground on a new production facility in Juárez, Mexico, to meet the growing demands of the North America market.
MUNICH – Katek SE announced that it has finalized the acquisition of Madison, AL-based electronics supplier Nextek.
KLAGENFURT, AUSTRIA – CMS Electronics announced the expansion of its product portfolio with the establishment of a new subsidiary, PCBWhiz.
SAN FRANCISCO – Global sales of semiconductor manufacturing equipment by OEMs next year are forecast to bounce back from a projected contraction of 18.6% to $87.4 billion in 2023, SEMI announced in its Mid-Year Total Semiconductor Equipment Forecast. The expected 2024 recovery – to $100 billion – will be driven by both the front-end and back-end segments.
