News
MELVILLE, NY – Hungary’s Orion Electronics Ltd. will become Arrow Electronics, Inc.’s third global Value-Add Center, providing product assembly and other support services for the company's North American-based OEM customers.
Electronic components from Arrow suppliers can be transported directly to Orion for product assembly for sale in European markets.
In conjunction with this agreement, Orion is already constructing a 50,000 sq.-ft. logistics center close to Budapest.
STAMFORD, CT – After reviewing the latest WSTS figures for the first quarter of 2007, Gartner Inc. believes that, with the seasonal fall in sales in the second quarter, a more pessimistic outlook for 2007 is warranted.
SHANGHAI – The Eleventh Five-Year Plan for Software Industry Development released by China's Ministry of Information Industry states that the domestic sales of the country's software companies are expected to reach $143 billion in 2010, according to Xinhua.net.
The site also reports that exports for the industry will grow 28% annually to $1.6 billion by 2010. In addition, China will have 10 to 15 major software firms with annual sales of $1.3 billion.
ARLINGTON, VA – A recent meeting between the Bush Administration and congressional Democrats on international labor and other trade issues paves the way for new trade agreements to help U.S. technology companies and workers more effectively compete in the world market, the Electronic Industries Alliance reports.
The EIA says the compromise reached should serve as a bipartisan template for an American trade policy that protects workers in future trade deals, allowing lawmakers to approve trade agreements with South Korea, Columbia, Panama and Peru.
Columbia and South Korea are important markets to the electronics industry, and this American trade policy should facilitate passage of trade agreements with these countries, as well as those negotiated with Panama and Peru, says the organization.
TORONTO – SMTC Corporation, a global ems provider, announced first-quarter revenue of $69.5 million, compared with revenue of $59.9 million last year – a 16% increase year-over-year.
Net income was $2.8 million for the first quarter of 2007, approximately three times what was reported for the same period last year.
Net income was $2.8 million for the first quarter of 2007, approximately three times what was reported for the same period last year.
Gross profit was $6.5 million, or 9.3% of revenue, compared with $6.1 million, or 10.1% of revenue for the same period in 2006.
WALLINGFORD, CT – Winchester Electronics Corporation, designer and manufacturer of electronics connectors and interconnects, has acquired Advanced Interconnect, Inc. and Kings Electronics Co., Inc. Terms of the transactions were not disclosed.
These acquisitions will push Winchester’s annual sales to in excess of $100 million, says Michael Driscoll, the company’s president and CEO.
Advanced Interconnect produces fiber-optic and copper-based interconnect solutions.
Kings Electronics manufactures RF connectors for the commercial and military aviation, broadcasting, telecommunications, industrial, and government markets.
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