SENAI, MALAYSIA – V.S. Industry Berhad reported fiscal first quarter 2022 revenue of MYR 968 million (US$228.8 million), a decrease of 1.9% year-over-year.
ST. PETERSBURG, FL – Jabil reported fiscal first quarter net revenue of $8.6 billion, an increase of 9.4% year-over-year.
STOCKHOLM – Electronics manufacturer Note updated its financial targets and sustainability goals today. By 2025, the firm is targeting a sales level of at least SEK 5 billion (US$548.3 million). The EMS company predicts high organic growth complemented by acquisitions.
SAN JOSE – Electronics manufacturer Syrma SGS Technology filed for an initial public offering, looking to raise between Rs 10 billion and Rs 12 billion (US$130.9 million to US$157.1 million).
TOKYO – Global sales of semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a new high of $103 billion in 2021, surging 44.7% from the previous industry record of $71 billion in 2020, SEMI said.
TAMPERE, FINLAND – The first system on chip developed by the Finnish SoC Hub consortium has been taped out. The project partners will focus next on improving the design, automation and performance of the SoC. The chip will be ready for deployment in early 2022. The Ballast chip is the first in a series of three chips. TSMC will manufacture it.
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