CHENGDU, CHINA – Today some 1,000 dispatch workers gathered outside Foxconn’s factory here to protest a failure to pay promised bonuses for recruiting workers to the ODM, according to China Labor Watch.
WASHINGTON – China Electronics Technology Group is among the 31 companies blacklisted by the Trump administration for their suspected ties to the Chinese military. The order is intended to keep US investors from trading shares of the suspect companies, which were pinpointed by the US Defense Department.
WESTWOOD, MA – Chase Corp. reported fiscal fourth quarter revenue of $23 million, down 11.4% year-over-year.
SAINT-HERBLAIN, FRANCE – LaCroix Electronics reported fiscal fourth quarter revenue of €75.1 million (US$88.8 million), down 0.8% year-over-year.
WAYZATA, MN – Nortech Systems reported net sales of $26.3 million for the third quarter, down 12.6% year-over-year.
TAIPEI – Foxconn reported third quarter revenue down 6.9% year-over-year to NT$1.3 trillion (US$45.3 billion).
TAMPA, FL – Sypris Electronics reported third quarter revenue of $10.1 million, up 53% year-over-year.
WOKING, UK – TT Electronics has completed the acquisition of Torotel, designer and manufacturer of high-reliability power and electromagnetic assemblies and components for the aerospace and defense markets.
SAN MARCOS, CA – Creative Electron has been awarded a patent for AI-powered programming of x-ray inspection systems.
SAN JOSE – Syrma Technology merged with SGS Tekniks in a cash and stock deal of Indian EMS companies, according to reports.