LONG ISLAND CITY, NY –  Cemtrex said a federal court has approved previously announced settlements in a securities class action lawsuit and related shareholder derivative litigation. The EMS/ODM will pay a series of fines and make certain changes to its governance as part of the settlements.

SANTA ANA, CA – The owner of PRB Logics was sentenced to more than three years in federal prison for selling counterfeit integrated circuits he obtained from China, some of which were purchased by defense contractors for military use.

BANNOCKBURN, IL — IPC today issued a statement in support of a new trade deal to replace NAFTA but decrying the threat of new tariffs on imports from Mexico. The trade group said it supports the Trump administration’s efforts to pass the US-Mexico-Canada Agreement (USCMA) but believes the imposition of new tariffs on Mexican imports to address immigration issues at the US-Mexico border will harm US electronics companies and their customers.

EGHAM, UK – Global smartphone sales to end-users declined 2.7% in the first quarter, totaling 373 million units, according to Gartner. Despite its absence from the US, Huawei maintained its ranking as the No. 2 smartphone vendor worldwide and continued to reduce the gap with Samsung.