News
FORT COLLINS, CO – EMS firm RPM Electronics will shutdown by the end of February, putting 70 employees out of work, according to published reports.
The firm, founded in 2001 as RPM Technology, had recently lost business from two big customers – Advanced Energy Industries and Plasmon – which made up about half of RPM's sales.
Since March, RPM has been owned by RAD Electronics.
TOKYO – Panasonic Corp. shareholders have agreed to offer $9 billion for Sanyo, a deal that could make way for one of the world’s largest electronics firms. Investment bank Goldman Sachs, a major Panasonic shareholder, has agreed the to plan, according to reports. Sanyo would become a Panasonic subsidiary under the deal, which is expected to be completed by February.
Panasonic, which until recently operated under the name Matsushita, is the world’s fourth largest maker of electronics and electrical equipment, while Sanyo ranks 15th. The combined company would have combined revenues of about $113 billion, ranking second, behind Siemens.
Panasonic, which until recently operated under the name Matsushita, is the world’s fourth largest maker of electronics and electrical equipment, while Sanyo ranks 15th. The combined company would have combined revenues of about $113 billion, ranking second, behind Siemens.
Sanyo’s profits dropped about 67% to $49 million in the September quarter. Panasonic's profit for the quarter fell 16% to $624 million.
STOCKHOLM – EMS provider NOTE has acquired all shares in Oslo-based
electronics manufacturer Norteam Electronics AS, the company said. Financial details were not disclosed.
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MEMPHIS -- Flextronics last night informed a local development board of its plans to invest $2 million in new and expanded electronics repair operations here.
The EMS company told the Memphis and Shelby County Industrial Development Board of plans to open a new facility a few blocks from its current site, on Holmes Rd. Furthermore, Flextronics will expand its existing site, the Memphis Business Journal reported.
Flextronics has earmarked $2 million for the projects, and add a reported 151 new jobs.
The EMS company told the Memphis and Shelby County Industrial Development Board of plans to open a new facility a few blocks from its current site, on Holmes Rd. Furthermore, Flextronics will expand its existing site, the Memphis Business Journal reported.
Flextronics has earmarked $2 million for the projects, and add a reported 151 new jobs.
MOUNTAIN VIEW, CA – A just-released survey of some 85 senior-level executives at semiconductor companies finds a majority sees R&D and capital expenditures decreasing significantly next year.
As economic conditions and consumer spending continue to deteriorate, semiconductor executives are turning more pessimistic, and anticipate a steep decline in profitability during the next 12 to 18 months, says the consulting group that conducted the survey.
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SAN JOSE – The MicroElectronics Packaging and Test Engineering Council in February will sponsor a symposium on semiconductor packaging’s effect on consumer electronics.
The technical event will address packages for consumer products, with session topics including time-to-market and consumer semiconductor packaging; cost-of-ownership challenges for consumer products; solutions for consumer product miniaturization, and advancing technologies for consumer electronics.
It takes place Feb. 19 in San Jose. For more information, visit www.meptec.org.
The technical event will address packages for consumer products, with session topics including time-to-market and consumer semiconductor packaging; cost-of-ownership challenges for consumer products; solutions for consumer product miniaturization, and advancing technologies for consumer electronics.
It takes place Feb. 19 in San Jose. For more information, visit www.meptec.org.
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