EINDHOVEN, NETHERLANDS – VDL is planning to build a new manufacturing facility in Vietnam, with an anticipated opening in early 2025.

CHATSWORTH, CA – NEOTech has promoted Emilio Ramirez to the position of chief technology officer.

MUNICH – Katek will enter into a delisting agreement with Kontron following Kontron's acquisition of a controlling stake in the company earlier this year.

TEMPE, AZ – Benchmark Electronics has announced the departure of CFO Roop K. Lakkaraju, who will remain in his current role until April 1.

NEEDHAM, MA – Global shipments for gaming PCs suffered the same fate as the overall PC market in 2023 with the gaming category declining 13.2% year over year to 44 million units for the year, but gaming monitors were able to buck the trend as lower pricing helped drive volume and resulted in gaming monitors growing 20.3% during the year, according to the International Data Corporation (IDC) Worldwide Quarterly Gaming Tracker.

TAIPEI – Foxconn is planning to use proceeds from a subsidiary's IPO to fund 7.3 billion yuan ($4 billion) in projects.

MILPITAS, CA – Global 300mm fab equipment spending for front-end facilities is forecast to reach a record $137 billion in 2027 after topping $100 billion for the first time by 2025, SEMI highlighted in its quarterly 300mm Fab Outlook Report to 2027 report.

TÄBY, SWEDEN – Mycronic senior vice president Ivan Li is exiting the company's senior management team to free up the possibility of listing its Axxon subsidiary on a Chinese stock exchange.

LAHTI, FINLAND – Kemppi Group is splitting its electronics business into its own company, Kemptron, to strengthen its position in the electronics industry.

KUALA LUMPUR – Malaysian contract manufacturer Ge-Shen has entered into an agreement to purchase 60% stakes each in Amity Research & Development and Amity Technical Services & Consultancy for RM13.5 million ($2.6 million).

CHEONAN, KOREA – NPD reported revenue of KRW235.7 billion ($176.7 million), down 26% from 2022 total.

ST. PETERSBURG, FL – Jabil announced $6.8 billion in revenue for the second quarter of its fiscal year, a year-over-year decline of 16.8%.