TAIPEI, TAIWAN & WASHINGTON, DC – Foxconn has announced a major collaboration with NVIDIA, Stellantis and Uber to jointly develop and deploy Level 4 autonomous vehicles for robotaxi services worldwide.
ZURICH, SWITZERLAND – Cicor Technologies has announced plans to acquire UK-based TT Electronics PLC in a $378 million cash-and-share deal. Once completed, TT shareholders will hold roughly 10% of the enlarged Cicor Group, with the transaction expected to close in the first half of 2026.
AUSTIN, TX – Flex reported strong results for its second quarter of fiscal 2026, posting $6.8 billion in net sales, up 4% year over year and at the high end of its guidance range. GAAP net income for the quarter reached $199 million, including $41 million in costs related to missile strike damage at Flex’s Ukraine facility.
LUCKNOW, INDIA – Concord Control Systems Limited has taken a step into advanced electronics manufacturing with the acquisition of a 50% equity stake in Fusion Electronics Private Limited. The deal, completed through a definitive Share Purchase Agreement, marks Concord’s entry into the high-value flex PCB segment and designates Fusion as an associate company.
TORONTO, CANADA – Celestica posted strong third-quarter results, with revenue climbing 28% year-over-year to $3.19 billion, exceeding the high end of its guidance.
KEDAH, MALAYSIA – Ichia Technologies has inaugurated its second state-of-the-art facility at Kulim Hi-Tech Park (KHTP). The $102 million investment establishes a 55,000-square-meter plant on an 11-acre site that integrates automation, AI and IoT systems in alignment with Industry 4.0 principles.
