LONDON – TT Electronics said its first-half results will be down against last year as result of slow economic conditions in North America. The company left its 2008 full-year guidance unchanged.
The company, which supplies EMS services and sensors, said in a published statement, “Although results for the first half will be lower than in the corresponding period in 2007, the board's outlook for the current financial year as a whole is unchanged from that communicated in our recent preliminary results announcement."
Overall, the company sees similar market conditions to 2007, North America notwithstanding.
The firm said it would continue to move production offshore, and would report losses in the first-half brought on by one-time transfer and reorganization costs.
BOSTON – Global first-quarter service provider switching and routing equipment sales grew to $3.1 billion overall, a 25% increase compared to a year ago, research firm Ovum RHK said.
SAN JOSE, CA – The worldwide IC packaging market reached $30.5 billion in 2007, reports Electronic Trend Publications. Some 151 billion ICs were produced during the year.
Modest growth should continue in 2008 and 2009, before accelerating in 2010, the firm says.
ETP found contract-packaging companies assembled nearly 49 billion ICs last year, or one-third of all components – for a value of $12.1 billion. The firm estimates the worldwide semiconductor output will grow to 261 billion ICs in 2012, a value of $47 billion.
Modest growth should continue in 2008 and 2009, before accelerating in 2010, the firm says.
ETP found contract-packaging companies assembled nearly 49 billion ICs last year, or one-third of all components – for a value of $12.1 billion. The firm estimates the worldwide semiconductor output will grow to 261 billion ICs in 2012, a value of $47 billion.
FRAMINGHAM, MA – The stagnant economy will drive overall IT spending growth down to 4% in the US this year, compared to last year's growth of 6%, IDC says.
MANASSAS, VA – Zestron America named Neil Murphy Northeast sales manager, responsible for products and services.
Murphy has a bachelor’s from the University of Massachusetts, and 28 years of sales and technical experience in the electronics and semiconductor manufacturing industry.
Murphy has a bachelor’s from the University of Massachusetts, and 28 years of sales and technical experience in the electronics and semiconductor manufacturing industry.
FRAMINGHAM, MA – The worldwide EMS industry grew 17% in 2007 to $268.1 billion, according to research firm IDC. ODMs grew 23%, yet remain a smaller share of the outsourced market, as the EMS sector accounted for more than 60%.
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