News
CEBU CITY, PHILIPPINES — Celestica will shutter its manufacturing plant here by the end of August and lay off 800 workers, according to local reports.
SAN JOSE -- Flextronics is among several Nortel Networks creditors calling for changes to the beleaguered telecom OEM's planned sale of certain wireless assets to Nokia Siemens Networks.
PARIS -- The electronics industry produces some €1.14 trillion worth of product last year, making it the world' second largest market, behind automotive, says a new research report.
SAN JOSE – The worldwide electronics manufacturing services market grew 12.5% last year, while the assembly market rose only 0.5%, according to Electronic Trends Publications.
2009 will see a steady drop, but the EMS market will surge again in 2010, as a result of outsourcing, says ETP.
The research firm says electronics assembly reached $964 billion last year, and will reach more than $1.2 trillion in 2013. The firm says the EMS industry will increase from $294 billion in 2008 to $435 billion in 2013.
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