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TAIPEI -- The chairman of Hon Hai (Foxconn) is aiming for sales to rise 30% this year, but acknowledges the goal will be difficult.

SALT LAKE CITY -- CirTran Corp., an electronics contract manufacturer and supplier of energy drinks, reported 2008 revenue rose 10.3% to $13.7 million. The company's losses dropped 40.7% to $3.9 million. Operating expenses decreased 53.7% to $5.8 million.

Gross profit fell 53.4% to $1.6 million, including a $1.1 million impairment in securities and a $1.9 million interest charge.

GLENVIEWl, IL -- Illinois Tool Works reported first-quarter sales fell 24% year-over-year to $2.91 billion. The conglomerate reported a loss of $39.4 million, down from net income of $303.6 million a year ago.

ARLINGTON, VA -- The Manufacturers Alliance/MAPI today predicted US manufacturing will likely decline for the next one to two quarters, based on a recent survey of manufacturing executives.

EL SEGUNDO, CA – China in 2009 is expected to defy the downturn in the global wireless infrastructure equipment business, as the nation’s 3G network rollout drives double-digit growth in carrier capital spending, according to iSuppli Corp.

BANNOCKBURN, IL – Nearly half the votes registered on a controversial standard limiting halogens in electronics were negative, and the lack of consensus will force a second ballot.

HOUSTON -- Rice University scientists have found a simple way to create basic elements for aircraft, flat-screen TVs, electronics and other products that incorporate sheets of tough, electrically conductive material.

BANNOCKBURN, IL – The numbers are in from the Apex trade show in early April and they aren’t pretty.

Overall attendance at the Las Vegas show dropped 34.5% year-over-year, according to figures released today by the show producers.

TAIPEI -- Foxconn International Holdings has cut its planned capital expenditures 28% year-over-year, the company said.

NEW YORK -- An Oppenheimer analyst is raising his outlook for the semiconductor manufacturing equipment sector on the heels of data showing wider growing demand.

AUSTIN, TX -- Dell will enter the smartphone market, continuing the PC-cellphone crossover launched by Apple and furthered by Nokia.

ARLINGTON, VA – Electronics component orders bounced back slightly in March from lows in the first two months of the year, according to the monthly index compiled by the Electronic Components Association.