ELM CITY, NC – Following a late December fire that devastated its manufacturing plant, Fawn Electronics has relocated into a temporary site in Wilson, NC, where it is performing final integration while working feverishly to reestablish full production.
Early in the morning of Dec. 22, fire ripped through the company's plant in Elm City, destroying much of it. The fire has been ruled accidental. Work has been subcontracted while the new site is brought online.
HALF MOON BAY, CA -- Attendees on the second day of the SEMI
Strategic Materials conference learned how Japanese
materials suppliers joined together to cut costs, and were given an
optimistic outlook on the convergence of front-end and back-end
processes in chip making.
Yoshifumi
Kawamoto, director general manager, R&D department, CASMAT,
outlined the formation of the R&D consortium established in
2003 by Japanese materials suppliers. Member companies include JSR,
Sumitomo Chemical, Sekisui Chemical, Tokyo Ohka Kogyo, Nitto Denko,
Hitachi Chemical, Toray Industries and others.
Trenton, NJ – Tyco International Ltd. has confirmed its plan to split into three public companies. Electronics and healthcare units will be spun off from the remaining operations (which include security and fire-protection services) during the first quarter of 2007. Tyco expects about $1 billion in costs for tax liabilities and the refinancing of debt.
“We believe separation is a logical next step in Tyco's solution,” said Ed Breen, chairman and chief executive, during a conference call with analysts and investors. “The biggest issue to me actually was growth. That's really the thing we looked at.”
ANGLETON, TX -- Benchmark Electronics, a leading EMS firm, said today that it expects to meet or exceed fourth quarter 2005 analysts' consensus of $604 million revenues and earnings per share of $0.52.