ROSEVILLE, CA -- International DisplayWorks Inc. has been named as the primary source by a major Taiwan consumer electronics manufacturer on a new MP3 product. Volume production is expected to begin in April, and will result in at least $5
million in annual sales for IDW.
The MP3 player uses a TFT display from IDW, the company said.
JACKSON, MI -- EMS
provider Sparton Corp. won three
contracts worth more than $24 million to manufacture sonobuoys for the U.S. Navy .
Sparton won a $20 million program to build the AN/SSQ-53F sonobuoy; a $2.5 million contract for the AN/SSQ-77C, and a $1.5 million program for the AN/SSQ-62E.
Production will take place in Sparton's DeLeon
Springs, FL, facility and is expected to be completed by June
2007.
BUDAPEST -- Flextronics International will lay off up to 950 employees -- nearly half its workforce -- at its plant in Nyiregyhaza, in eastern Hungary, Reuters reported Tuesday, citing a local news agency.
According to the report, Flextronics has advised the local officials about the layoff.
The company reportedly employs 2,000 at the plant, which makes appliances and office
electronics.
The report said Flextronics cited seasonality for the impeding layoffs.
TORONTO -- SMTC Corp., a mid-tier EMS provider, has begun building assemblies and perform final integration for an unspecified program for Telco Systems. No financial terms were announced.
Telco is a wholly owned subsidiary of BATM Advanced Communications, a provider of carrier-class transport and access gear for IP and TDM networks.
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ANGLETON, TX -- Benchmark Electronics
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million last year. Net income was up $4.5 million, to $24.7
million, for the quarter ended Dec. 31.
The company said it will expand its low-cost capacity
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would take a $3.5 million to $4.5 million pretax charge for the closure
of its U.K. facility.