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HELSINKIVideocon Industries Ltd. intends to invest 50 million euros for a stake in Elcoteq, according to published reports.
 
The deal is expected to close by year-end.
 
Reuters, quoting Elcoteq CFO Mikko Puolakka, said the deal calls for Viedocon to invest 50 million euros ($72.7 million) in the EMS firm.
 
It is unclear what stake the Elcoteq founders would keep if the agreement were finalized.
 
The news comes just two days after a deal with Kaifa in China fell through. When the Kaifa agreement failed to close, Elcoteq said a deal was about to be struck with a new investor.
 
 

TEMPE, AZ -- US manufacturing economic activity slowed but still expanded in September for the second consecutive month, according to a survey of supply executives.

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DRESDEN, GERMANY – Researchers at Nanoelectronic Materials Laboratory (NamLab) have developed a dopant-free transistor that could eventually be used in printable electronics.

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LUXEMBOURG -- A deal calling for Shenzhen Kaifa Technology Co. Ltd. to invest tens of millions in Elcoteq is off.

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EL SEGUNDO, CA -- iSuppli Corp. raised its 2009 forecast for semiconductors and electronics equipment, citing a stabilizing economic environment and improved supply chain visibility.

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MILWAUKIE, ORECD, a manufacturer of thermal profiling equipment and software, has trained more than a thousand engineers through its online teaching facility, the company said today. 
 
ECD-University teaches the fundamentals of thermal quality management, as well as product and software principals and use.
 
Multiple classes are offered each month. Class topics range from thermal quality management to classic PCB profiling, M.A.P. software usage, and machine quality management. 
 
“Free of charge as an industry service, all classes are live and instructor-led,” said Grant Peterson, VP marketing and sales at ECD.
 
For more information, visit www.ecd.com/ecdu.

 

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