The world’s largest tech companies are masters of their domains: Apple in phones; Google in search; Facebook in social media.
Why stop there? All three are going into financial services, and if past is prelude, they intend to dominate the space.
BILLINGSTAD, NORWAY — Kitron has reported third-quarter revenues of NOK 1.66 billion (US$161 million), which doubles the company's reported revenues of NOK 831 million (US$80 million) in the third quarter of 2021.
The company said the revenue growth reflects both the acquisition of Danish EMS provider BB Electronics AS and underlying growth for other business units.
CLINTON, NY — Indium Corporation has opened a new 37,500 sq. ft. manufacturing facility in Penang, Malaysia.
Earlier this year, the company announced an investment of RM250 million for its expansion in Malaysia with the new manufacturing facility for its solder paste, thermal materials, and engineered solder products. The new facility has already begun its manufacturing activities, and is meant to expand Indium's production capacity for its customers in Malaysia and the surrounding region, including Thailand and Vietnam.
TORONTO — Celestica has announced that it saw third-quarter revenues of $1.92 billion, an increase of 31% compared to the $1.47 billion in revenues for the third quarter of 2021.
GLENVIEW, IL — Third-quarter revenues for ITW's Test & Measurement and Electronics segment were up 17 percent from the third quarter of 2021, coming in at $715 million this year, while the first nine months of the year saw a total of $2.1 billion for the segment.
ITW's Test & Measurement and Electronics segment includes ITW EAE brands such as MPM, Electrovert, Vitronics, Camalot, and Despatch.
LISLE, IL — Molex has announced the opening of a new factory in Guadalajara. The new 60,000 sq. meter facility more than doubles the company's footprint and manufacturing in Guadalajara, and comes with the potential to increase capacity by an additional 100,000 sq. meters to support Molex's advanced engineering and large-scale production for automotive, transportation, and industrial customers in North America and around the world.