WEIHAI, CHINA – HP signed an agreement to sell Foxconn its laser printer manufacturing subsidiary here, according to reports.
TUMKUR, INDIA – Incap plans to invest €4.2 million (US$5.1 million) in a third EMS factory at its site in India. Construction will begin in the third quarter, with production estimated to begin in the second quarter of 2022.
TEMPE, AZ – Amtech Systems reported second quarter net revenue of $19.8 million, up 37% year-over-year and 10% sequentially. The sequential increase was primarily attributed to strong shipments of advanced packaging and SMT equipment.
WASHINGTON – The US Department of Energy announced up to $3 million in funding for high-performance computing resources that can help manufacturers streamline their processes, increase their productivity, and shrink their carbon footprint.
SPOKANE VALLEY, WA – Key Tronic Corp. expects to report fiscal third quarter revenue of approximately $134.6 million, an increase of 20.7% year-over-year.
ATLANTA – Industry sentiment for electronics component market sales sustained strong growth in April, according to ECIA’s monthly survey, but modest slowing is ahead. The average market growth assessment for April expanded to 60% of survey respondents, compared to 1% viewing the market declining in April.