SPOKANE VALLEY, WA – Key Tronic announced preliminary revenue of $114 million for the second quarter of its fiscal year, which would represent a 26% year-over-year decrease.

BIÑAN, PHILIPPINES – Integrated Micro-Electronics has announced the closure of its Chengdu, China, manufacturing facility as part of its ongoing efforts to streamline operations and reduce costs.

CHENNAI, INDIA – Tata Electronics has acquired a 60% controlling stake in Pegatron's India unit as it looks to expand its iPhone manufacturing capabilities in the country.

NEENAH, WI – Plexus announced $976 million in revenue for the first quarter of its fiscal year, remaining flat compared to the same quarter last year.

STAMFORD, CT – Worldwide IT spending is expected to total $5.61 trillion in 2025, an increase of 9.8% from 2024, according to the latest forecast by Gartner.

TAIPEI – The NAND Flash industry will continue to face dual pressure from weak demand and oversupply in 2025, according to the latest research from TrendForce. In response, manufacturers including Micron, Kioxia/SanDisk, Samsung, and SK hynix/Solidigm have similar plans to cut production – a move that could accelerate industry consolidation in the long term.

NEW DELHI – Dixon Technology announced revenue of INR10,453 crore ($1.2 billion) for the third quarter of its fiscal year, up 117% from the same quarter last year.

SON, NETHERLANDS – Neways has announced the successful completion of its acquisition of Sencio, Dutch microsystems company specializing in advanced packaging for smart sensing and actuation applications.

SUNNYVALE, CA – Ingrasys Technology, a subsidiary of Foxconn specializing in servers and storage systems, has purchased a 26.3-acre tech campus here for $128 million.

SINGAPORE – PNE Industries reported a revenue and gross profit margin increase in the second half of 2024 due to higher sales volume.

ELK GROVE VILLAGE, IL – Imagineering has announced a merger with Accutrace, a fellow PCB fabricator and assembler based in Santa Clara, CA.

KUALA LUMPUR – Malaysia's High Court has ruled in favor of VS Industry in a minority shareholder oppression lawsuit it brought against NEP Holdings and three of its directors.