TAIPEI – Foxconn says it will give priority to profit improvement, with a goal of increasing its gross margin to 10% over the next three to five years, according to reports.
ATLANTA – The ECIA board of directors and council leaders assigned the Global Industry Practices Committee to anticipate the untangling of inventory issues inflicted through the tariffs by identifying a checklist of areas and issues for consideration when tariffs are removed.
HERTFORDSHIRE, UK – The International Tin Association and the Responsible Minerals Initiative have developed and published criteria to clarify a common upstream and downstream view of due diligence requirements for the tin supply chain.
TAIPEI – Foxconn reported net profit in the third quarter of T$30.7 billion ($1 billion), up 23%, according to reports.
HANOVER, GERMANY – Viscom posted third quarter revenue of €18.3 million (US$20.2 million), down 17.3% year-over-year.
MINNEAPOLIS – Nortech Systems reported third quarter net sales of $30.1 million, an increase of 1.7% year-over-year.