LONDON – Intel will not abandon manufacturing, despite pressures from investors, according to GlobalData. The firm will, instead, continue its hybrid manufacturing strategy to maintain the advantage of manufacturing on US soil.
NEENAH, WI – Plexus reported fiscal first quarter revenue of $830.4 million, down 2.6% year-over-year and 9.1% sequentially.
MANASSAS, VA – Zestron and GEN3 Systems are collaborating on a new test service in the US to help develop objective evidence required by the latest release of IPC-J-STD-001H.
GLENVIEW, IL – Illinois Tool Works and Amphenol have entered into an agreement under which ITW will acquire MTS Systems’ Test & Simulation business, following the closing of Amphenol’s acquisition of MTS.
BANNOCKBURN, IL — IndustryWeek’s editor in chief Travis Hessman will keynote IPC Apex Expo 2021.
CHIHUAHUA, MEXICO – SMTC will expand its electronics manufacturing services campus here and close its operations in Fresnillo, Mexico, the company said in a regulatory filing. The EMS company will take about $5.5 million in one-time charges as result of the consolidation.
BAC GIANG, VIETNAM – Vietnam awarded a license to Foxconn to build a $270 million plant to produce laptops and tablets here, according to reports.
ST. PETERSBURG, FL – Jabil acquired Ecologic Brands, provider of sustainable packaging, specializing in paper bottle and paper-based packaging. Ecologic will join the Jabil Packaging Solutions division.
SINGAPORE – Electronics manufacturing company AEM Holdings has launched a S$99.7 million (US$75.2 million) bid for contract manufacturer CEI. AEM plans to delist CEI from the Singapore Exchange and take it private.
WASHINGTON – The US Department of Energy’s Office of Energy Efficiency and Renewable Energy announced approximately $123.6 million in new funding, as well as $44.7 million of cost share, for 46 projects in 23 states to stimulate technology innovation, improve the energy productivity of American manufacturing, and enable the manufacturing of cutting-edge products in the US.
PITTSBURGH – Intervala has signed a long-term lease finalizing the relocation of its corporate headquarters and EMS manufacturing operation in Westmoreland County, PA.
HAUPPAUGE, NY – Orbit International’s Electronics Group reported fourth quarter orders in excess of $3 million. Deliveries for certain of these orders have already commenced and are expected to continue through the second quarter of 2022.