TAIPEI – Laird Technologies and ITEQ Corp. have struck a cross-licensing deal under which Laird will have access to ITEQ’s lamination capabilities and AP distribution, while ITEQ will have access to Laird’s T-lam materials.
ITEQ and Laird will join to supply solutions for the LED-based BLUs for LCD flat panel displays. Laird’s T-lam materials are important for this growing market, says the company, because the brightness and color of an LED degrades as temperature increases. T-lam permits heat to pass out of LED devices more efficiently, Laird reports.
ITEQ is a Taiwan-based laminates provider.
JENA, GERMANY – Goepel Electronic, a test equipment hardware and software manufacturer, recently restructured its U.S. organization to combine automotive test and JTAG/boundary scan divisions.
Goepel will now sell products directly using a combination of direct sales and manufacturers’ representatives. This means Huntron Inc. will no longer be sole distributor for Goepel in the U.S., the company said. According to Heiko Ehrenberg, vice president of the U.S. boundary scan operations, the companies “will continue to do some joint projects in the future.”
The company also hired Raj Puri as vice president of sales and marketing.
GLENVIEW, IL – Illinois Tool Works Inc. today reported operating revenue rose 16.3% for the quarter ended July 31.
Operating revenues consisted of a 10.9% increase from acquisitions net of divestitures, 2.4% growth from base revenues, and a 3% contribution from translation and other items, reports ITW.
ITW, with $14.1 billion in revenue, is a manufacturer of components and industrial systems and consumables. The company consists of approximately 750 business units in 49 countries and employs some 55,000 people.
ITW's operating companies include Speedline Technologies, Kester, Chemtronics and Simco. ITW did not break out sales for those units.
TAIPEI — Leading ODM Compal Electronics reported second-quarter revenue of NT98.9 million, up 2% sequentially. Net income was up 25% to NT3.3 million.
Gross margins were flat, at 4.8%.
The company said it would invest $30 million in a notebook PC plant in Vietnam, with mass production scheduled for the end of 2009. With more than 85% of notebooks PCs coming from the Shanghai area, Compal president Ray Chen said investment in Vietnam could spread risk for its customers.
The company expects its Vietnam plant will produce 300,000 to 500,000 notebooks monthly, reported DigiTimes, with costs around 3 to 5% lower compared to its Shanghai plant.
The ODM also plans to invest up to NT$ 1.5 billion in Wah Yuen Technology Holding in exchange for a 71% stake in Hong-Ya Technology and JuRong Hauye New Technology, a pair of magnesium alloy casing manufacturers. Compal says the investment will strengthen its vertical integration.
Gross margins were flat, at 4.8%.
The company said it would invest $30 million in a notebook PC plant in Vietnam, with mass production scheduled for the end of 2009. With more than 85% of notebooks PCs coming from the Shanghai area, Compal president Ray Chen said investment in Vietnam could spread risk for its customers.
The company expects its Vietnam plant will produce 300,000 to 500,000 notebooks monthly, reported DigiTimes, with costs around 3 to 5% lower compared to its Shanghai plant.
The ODM also plans to invest up to NT$ 1.5 billion in Wah Yuen Technology Holding in exchange for a 71% stake in Hong-Ya Technology and JuRong Hauye New Technology, a pair of magnesium alloy casing manufacturers. Compal says the investment will strengthen its vertical integration.
HIALEAH, FL -- Simclar Inc., the world's 37th largest EMS company, reported June quarter sales rose 22% to $37.1 million on higher demand from existing and new customers. Net income nearly doubled, to $1.4 million, up from $709,033 in the same period in 2006.
Pre-tax income was $2.1 million, up from $1.3 million. Backlogs at quarter's end were $30.6 million, up 8.6% from the end of the first quarter.
In a press statement, chairman Sam Russell said, "We are beginning to realize the increased benefit of the vertical integration of our products. Our cash generation in the first half of the year has been good and has allowed us to make $1.5 million of additional bank loan repayments, over and above our scheduled repayments."
Pre-tax income was $2.1 million, up from $1.3 million. Backlogs at quarter's end were $30.6 million, up 8.6% from the end of the first quarter.
In a press statement, chairman Sam Russell said, "We are beginning to realize the increased benefit of the vertical integration of our products. Our cash generation in the first half of the year has been good and has allowed us to make $1.5 million of additional bank loan repayments, over and above our scheduled repayments."
SAN JOSE – SEMI today reported worldwide semiconductor manufacturing equipment billings reached $11.1 billion in the second quarter. The figure is up 3% sequentially, and about 15% year-over-year.
