NEEDHAM, MA – The pace of recovery for the smartphone market accelerated in the first quarter, with 25.5% year-over-year shipment growth, according to International Data Corp. Smartphone vendors shipped nearly 346 million devices during the quarter.
KUALA LUMPUR – VS Industry (VSI) said construction of its new electronics manufacturing facilities in Johor, Malaysia, are on track to be completed soon. The new capacity permits the EMS company to meet increased orders.
GLENVIEW, IL – Illinois Tool Works reported first quarter test & measurement and electronics revenue was $552 million, an increase of 13.8% year-over-year and 3.4% sequentially. Organic growth was up 11%.
HAWTHORNE, CA – OSI Systems reported fiscal third quarter revenue of $283.8 million, down 3.1% year-over-year.
SAN JOSE -- Nextracker has confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission relating to the proposed initial public offering of its Class A common stock.
WATERBURY, CT -- Element Solutions' electronics unit recorded net sales of $354 million in the first quarter, up 31% from last year.
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