DE LEON SPRINGS, FL – Sparton has completed the previously announced sale of its contract manufacturing unit, Manufacturing & Design Services, to One Equity Partners. In conjunction with the closing of the transaction, the MDS business has been rebranded as Spartronics.
SCOTTSDALE, AZ – After dropping 15% in 2019, the worldwide IC market is expected to show single-digit growth in 2020, even with the disastrous effects of Covid-19 on the global economy, according to IC Insights.
LONDON – The Covid-19 pandemic has given businesses an unprecedented opportunity to implement profound changes to the way we work, according to GlobalData. The pandemic will leave a lasting legacy, from digitizing processes and reshaping supply chains to redesigning offices, the research firm says.
MILPITAS, CA – Global semiconductor manufacturing equipment sales by OEMs are projected to increase 6% year-over-year to $63.2 billion in 2020 before logging record high revenue of $70 billion in 2021 on the strength of double-digit growth, SEMI said.
AUSTIN, TX – Austin Precision Machining and Manufacturing launched its turnkey mechanical and assembly services here.
CLINTON, NY – Indium Corp. released a report on the worldwide availability of indium and gallium metal.
BRISBANE – Elexon Electronics opened an intelligent factory to enter new markets in defense and aerospace, according to reports. The Made in Queensland program provided $890,325 for the Industry 4.0 facility.
FRANKFURT – The Covid-19 crisis has hit the German electronics industry hard in recent months, says ZVEI, but the mood has turned up of late as companies show signs of a rebound.
MILTON, NY – Sono-Tek reported fiscal first quarter net sales of $3.4 million, up 22% year-over-year.
NORTHVALE, NJ – ADM Tronics reported fiscal 2020 revenues were $3.5 million, up 15.5% year-over-year.
SELBYVILLE, DE – The electronic skin market is expected to grow from $6 billion in 2019 to $16 billion by 2026, according to Global Market Insights.
NORWOOD, MA – Analog Devices and Maxim Integrated Products have entered into a definitive agreement under which ADI will acquire Maxim in an all-stock transaction that values the combined enterprise at over $68 billion.