NEW TAIPEI CITY, TAIWAN -- New Kinpo Group plans to invest some NT$3 billion (US$100 million) to expand production in Southeast Asia and Brazil. The investments will boost capacity for printers, hard disk drives and set-top boxes, company executives said.
JASPER, IN -- Kimball International plans to spin off its electronics manufacturing services business unit under a separate stock listing. The unit will be named Kimball Electronics, and will result in shareholders owning two standalone publicly traded companies.
CHENGDU, CHINA – Goepel Electronic has opened a subsidiary here to provide customer service and support for existing test systems and help in installing and running new equipment.
TOKYO -- Panasonic's cost-cutting will next hit its chip assembly unit as the company has a deal in place to sell three plants to United Test and Assembly Center, Reuters reported today. Panasonic is declining comment on the report, which claims a deal will be completed by early February.
MILPITAS, CA -- Silicon Turnkey Solutions today announced the asset acquisition of Bay Area EMS, a Milpitas-based electronics manufacturing services company. Terms were not disclosed.
AUSTIN, TX — VirTex Enterprises has acquired fellow EMS MTI Electronics for an undisclosed sum. Menomonee Falls, WI-based MTI will become a wholly owned subsidiary and is expected to maintain its current operations and personnel.
