SAN JOSE – North America-based manufacturers of semiconductor equipment posted $805.4 million in orders in November, down 29% year-over-year, and down about 4% sequentially, says SEMI.
The three-month average of worldwide billings was $807.3 million, down 42% year-over-year and 7% sequentially.
The book-to-bill ratio was 1.0, meaning $100 worth of orders was received for every $100 of product billed for the month.
“The book-to-bill ratio reached parity, as billings have declined sharper than bookings over the past six months,” said Stanley T. Myers, president and CEO of SEMI. “2008 is closing with expected declines on the year, which have been further exacerbated by the deepening seismic global economic situation over the past quarter.”
The three-month average of worldwide billings was $807.3 million, down 42% year-over-year and 7% sequentially.
The book-to-bill ratio was 1.0, meaning $100 worth of orders was received for every $100 of product billed for the month.
“The book-to-bill ratio reached parity, as billings have declined sharper than bookings over the past six months,” said Stanley T. Myers, president and CEO of SEMI. “2008 is closing with expected declines on the year, which have been further exacerbated by the deepening seismic global economic situation over the past quarter.”
REDMOND, WA – Programming-device maker Data I/O Corp. will buy back up to 1 million of the company’s shares in the coming year.
In 2009, the firm will purchase shares on the open market, in blocks or privately.
Almost 9 million shares are currently outstanding, says Data I/O.
FRAMINGHAM, MA -- The electronics manufacturing services industry is expected to grow 7.8% next year to $313.7 billion, says IDC. This is down slightly from growth of 9.3% in 2008, the research firm says, citing slowing end-market demand for the drop.
GUADALAJARA, MEXICO – Jabil Circuit has reportedly opened its second production plant here, according to local reports. However, despite the report, by the Guadalajara Reporter, the company has not made public statements about any expansions.
SAN JOSE -- Flextronics is denying reports it is seeking a buyer for its plant in northwest Shanghai, according to published reports.
Last week, rumors spread that the company, the world's second largest EMS firm, would close up to 12 factories worldwide. In response, Flextronics senior chief director for marketing and communications business in Asia Valeria Kurniawan debunked the rumors, saying that although some cost-cutting measures would be taken, the plants were not on the market.
Flextronics has two large assembly plants in the Shanghai area, one in Malu, in northwest Shanghai, and one in Pudong, across the river from downtown Shanghai.
MADISON, AL – STI Electronics Inc. has relocated to a 54,000 sq. ft. facility here, and plans to host an open house Jan. 29. The firm’s previous facility was 18,000 sq. ft.
STI says it is positioning itself for marked growth in 2009, increasing capabilities in all divisions. Engineering services will include a new SMT line. Training services is adding a third classroom and has plans to hire two additional instructors. Industrial tools and supplies has a new sales manager and three outside sales representatives.
In the analytical/failure analysis lab, STI has added a RADWAG MXA-5 microbalance, and has almost doubled the size of its Class 1000 cleanroom, which now included conformal coating capabilities.
STI plans to implement additional equipment and add capabilities and staff throughout 2009.
STI says it is positioning itself for marked growth in 2009, increasing capabilities in all divisions. Engineering services will include a new SMT line. Training services is adding a third classroom and has plans to hire two additional instructors. Industrial tools and supplies has a new sales manager and three outside sales representatives.
In the analytical/failure analysis lab, STI has added a RADWAG MXA-5 microbalance, and has almost doubled the size of its Class 1000 cleanroom, which now included conformal coating capabilities.
STI plans to implement additional equipment and add capabilities and staff throughout 2009.
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