TOKYO – Kaga Electronics will build a new factory in Mexico to meet customers' growing needs in the US market.

NEVADA CITY, CA – The worldwide contract manufacturing market reached a new all-time high of $694.4 billion in 2022, but the year-over-year growth rate went flat from the previous year and decreased from 14.8% to 1.7% – the lowest growth seen over the last five-year period, according to New Venture Research's report, The Worldwide Electronics Manufacturing Services Market – 2023 Edition.

MILPITAS, CA – With sequential IC sales declines beginning to moderate, the global semiconductor industry appears to be nearing the end of a downcycle and is expected to begin to recover in 2024, SEMI and TechInsights reported in the Semiconductor Manufacturing Monitor.

VEJLE, DENMARK – GPV reported record second-quarter revenue of DKK2.7 billion ($396.3 million) and revenue of DKK 5.4 billion ($792.6 million) for the first half of the year – an increase of 151% compared to the first half of 2022.