TAIPEI – Foxconn reported record May consolidated revenue of NT$455 billion (US$16.4 billion), up 17.6% year-over-year, down 9.1% sequentially.

KUALA LUMPUR – EMS firm SKP Resources reported fiscal fourth quarter revenue of RM 444.9 million (US$107.8 million), up 4.4% year-over-year.

NEW DELHI – Lava International is planning to raise Rs 14 billion (US$192 million) to Rs 15 billion (US$205 million) via an initial public offering, according to reports.

MILPITAS, CA – First quarter global semiconductor equipment billings increased 51% year-over-year and 21% sequentially to $23.6 billion, SEMI said.

STOCKHOLM -- Note has acquired all shares in UK-based iPro Holdings, a box-build manufacturer of electronics-based products for greentech, medtech and industrial uses.

EINDHOVEN, NETHERLANDS – VDL Groep said it will be making a public offer for all issued and outstanding shares in the capital of EMS provider Neways Electronics. The public offer amounts to €13.00 per Neways share, payable in cash.

NEEDHAM, MA – The appetite for wearable devices remained strong in the first quarter even as volumes retreated from record fourth quarter levels.

AUSTIN, TX – The electronics industry saw strong production growth in 2020, and the first quarter of 2021 was a record quarter compared to a year ago, according to TechSearch International. Still, capital equipment spending is increasing, and growth should continue if shortages do not hold the industry back, the firm said.

MILPITAS, CA – Semiconductor manufacturers worldwide are on track to boost 200mm fab capacity by 950,000 wafers, or 17%, from 2020 through 2024, to reach a record high of 6.6 million wafers per month, said SEMI.

TAIPEI – Foxconn is in talks to buy a stake in Dagang NeXchange’s chipmaking business, after losing a bid to DNeX for a semiconductor company, according to reports.

VALENCIA, CA -- Fralock Holdings today announced the acquisition of Lenthor Engineering, a privately owned manufacturer of flex and rigid-flex printed circuits.

BANNOCKBURN, IL — Three-month shipments by North American electronics manufacturing services companies rose 11.5% year-over-year in April, while falling 11.9% sequentially, IPC said today.