Circuits Assembly Online Magazine - New Products

News

SAN JOSE – The 90-day moving average sales of semiconductors rose to $15.6 billion worldwide in April, down 25% year-over-year but up 6.4% sequentially.

ELKHART, IN – EMS provider CTS Corp. said it would establish a liaison office near New Delhi to engage in business development activities to support India’s growing automotive and electronics industries.

STAMFORD, CT -- Gartner raised its outlook for the worldwide semiconductor market revenue, saying it will drop 22.4% in 2009, up from a February estimate of a 24.1% fall.

HONG KONG -- Surface Mount Technology Holdings, a top 30 EMS company, reported revenue plunged 52% year-over-year to HK$397.7 million ($51.3 million) for the quarter ended March 31.

SAN JOSE -- Flextronics is commencing a cash tender offer to purchase up to $200 million worth of its outstanding long-term notes and is proposing changes to existing terms that would permit the EMS company to retire up to $500 million worth of other debt early.

DORSET, UK – Blakell Europlacer Ltd. will hold a free process/productivity improvement seminar July 15-17 at the company’s headquarters in Poole, Dorset.