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HONG KONG -- SMT Holdings has received a measure of relief as the beleaguered EMS company entered a "standstill" agreement with a majority of its lenders.

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DALLAS -- Texas Instruments' chief executive says semiconductor manufacturers are poised to see a spike in demand once inventories have been drawn down.

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SEOUL -- Automated optical inspection OEM Mirtec's North American revenue grew over 21% year-over-year in 2011, the company said today.

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SHENZHEN -- SinoHub and Ciao Telecom will invest $15 million in a new joint venture to manufacture and market mobile communications devices in Brazil.

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TAIPEI -- Foxconn (Hon Hai) reported January revenue rose 47.5% year -over-year to NT$274.6 billion ($9.1 billion), on stronger PCB and telecom demand.

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SANTA CLARA, CA -- Most metrics used to measure the health of the flat-panel display industry reflect current severe challenges; however, long-term supply/demand modeling now suggests that there is light at the end of the tunnel.

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