MALMO, SWEDEN – PartnerTech posted net sales in the first quarter of 2014 of SEK 548 million, down 1% year-over-year. The contract electronics manufacturer reported a post-tax loss of SEK 2 million, compared to profit after tax of SEK 2 million in the same period last year.
SAN JOSE – North America-based manufacturers of semiconductor equipment posted $1.28 billion in orders worldwide in March, up 16.1% year-over-year, and down 1.2% sequentially, says SEMI. The figures are based on a three-month average basis.
GLENVIEW, IL – Illinois Tool Works today reported first-quarter 2014 revenues up 4% year-over-year to $3.6 billion. Operating income increased 16% to $667 million.
FREMONT, NH – The SMTA Boston Chapter is hosting a plant tour at the Precision Placement Machines facility here Apr. 22.
CHIHUAHUA, MEXICO -- Continued layoffs are expected at SMTC's manufacturing site here as the company attempts to make the operation more efficient and cost-effective.
LONDON -- The past decade has not been kind to Western makers of electronics equipment, as market share of world production has fallen from 67% to 40% during that span, a new research report says. While the West will continue to experience anemic growth over the next couple years, however, even China will see its share slip.
