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WEIHAI, CHINA – HP signed an agreement to sell Foxconn its laser printer manufacturing subsidiary here, according to reports.

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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.

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SAN MATEO, CA – Worldwide semiconductor revenue grew to $464 billion in 2020, an increase of 10.8% compared to 2019, according to International Data Corp.

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HELSINKI -- Incap Group president and CEO Otto Pukk discusses first quarter results and gives updates on the EMS company's India plant.

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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.

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SINGAPORE – Kulicke & Soffa Industries reported second quarter net revenue of $340.2 million, up 125.7% year-over-year and 27% sequentially.

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ROHRBACH, GERMANY -- SERO GmbH has acquired Solid Semecs BV in a deal that was consummated on Apr. 30 but is retroactive effect to Jan. 1.

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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.

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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.

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SAN JOSE – Flex reported fiscal fourth quarter net sales of $6.3 billion, up 14.3% year-over-year.

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NEWARK, NY – IEC Electronics announced second quarter revenue of $45.4 million, an increase of 2.7% year-over-year.

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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.

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