EAST LONDON, SOUTH AFRICA – Yekani Manufacturing has shut the doors on its 301,389 sq. ft. smart factory and faces liquidation, according to reports.
ATLANTA – Prime Technological Services has acquired TeligentEMS for an undisclosed sum.
VINH PHUC PROVINCE, VIETNAM – Compal Electronics is planning a second plant in Vietnam, with its first reaching full capacity around the second quarter of this year.
SCOTTSDALE, AZ – The correlation coefficient between worldwide GDP growth and IC market growth over the past decade was 0.85 (0.96 excluding the memory market in 2017 and 2018), a strong figure given a perfect positive correlation is 1.0, says IC Insights.
TIANJIN, CHINA – The government of Tianjin is discussing the sale of two firms to TCL Corp., according to reports.
STAMFORD, CT – Worldwide IT spending is projected to total $3.9 trillion in 2020, an increase of 3.4% from 2019, according to Gartner. Global IT spending is expected to cross into $4 trillion territory next year.