Circuits Assembly Online Magazine - Features

NEEDHAM, MA – Worldwide IT and business services revenue is expected to grow (in constant currency) 5.7% this year and 5.2% in 2023, according to the International Data Corporation (IDC) Worldwide Semiannual Services Tracker. The IDC forecasts that in nominal dollar denominated revenue based on today's exchange rate, the market will grow by 2% this year due to currency headwinds.

TӒBY, SWEDEN — A strong performance by Mycronic's Pattern Generators division has led to an increase in net sales and earnings for the third quarter of 2022. During the third quarter, the company's order intake increased by 30% to SEK 1.609 (US $1.242) million, while net sales increased by 23% to SEK 1.214 (US $986) million.

Note continues to see growth in its sales and operating profit, according to the company's Interim Report for July-September 2022. The company's sales increased by 36% for the third quarter of the year, and by 45% since the beginning of the year. Note's operating profit increased by 37% for the quarter and by 53% for the year.

NEW DELHI — Optiemus Electronics will open a new factory for wearables in Noida by the end of December as part of its strategy to expand capacity to meet growing demand for smartwatches and truly wireless stereo (TWS) earbuds, said director Nitesh Gupta.

HELSINKI — Incap is estimating that its revenue, operating profit and adjusted operating profit for 2022 will be significantly higher than in 2021. According to the company, the increase in the revenue and operating profit estimate is driven by improved visibility related to the customers' forecasts and Incap's own assessment of the business development.

The estimates are given provided that unexpected events impacting Incap’s business environment do not occur, for example, in the availability of components.

Previously, Incap estimated that its revenue, operating profit (EBIT) and adjusted operating profit (EBIT) for 2022 would be clearly higher than in 2021.

Incap’s business review for January–September 2022 will be published Oct. 27.

Jacksonville, IL – Foxhole Group, a private investment firm focused on the industrial sector, has announced the addition of quick-turn and Low Volume High Mix capabilities to its CCK Automations platform by acquiring two PCB assembly businesses. Completed as separate transactions, the CCK family of businesses added added OSDA, a quick-turn prototype PCBA shop in Milford, CT as well as Argo EMS, an LVHM business in Clinton, CT.