WYLIE, TX – StenTech has announced the successful acquisition of stencil manufacturer Photo Etch Technology, along with its affiliate Utz Technologies.

KARNATAKA, INDIA – Kaynes Technology India expects a 30-50% compound annual growth rate in revenue over the next three to five years, according to a company executive.

SPOKANE VALLEY, WA – Keytronic announced total revenue of $588.1 million for its 2023 fiscal year, a company record and an increase of 11% from the $531.8 million in revenue for fiscal year 2022.

CAIRO – The Information Technology Industry Development Agency (ITIDA) and the German Agency for International Cooperation (GIZ) have signed a memorandum of understanding to promote Egypt’s offshoring sector and integrate Industry 4.0 digital technologies in local electronics manufacturing.

PEACHTREE CITY, GA – The Printed Circuit Engineering Association (PCEA) today announced Louis Feinstein of Dassault Systèmes will keynote the PCB West conference and exhibition in September.

CHICAGO – Five EMS transactions were recorded in the second quarter, representing an increase from the four recorded in the second quarter of 2022 but a decrease from the nine transactions recorded 2021's second quarter, according to Lincoln International.

ATLANTA – Winning the race for talent has never been more critical as the entire tech industry faces alarming shortages of skilled workers. To address the challenge, in May and June of 2023, two focus groups were conducted by the Electronic Components Industry Association and its newly-established Industry Recruiting Committee.

JASPER, IN – Kimball Electronics announced sales of $496.1 million for the fourth quarter of its fiscal year, a 33% increase over the same quarter last year.

SAN DIEGO, CA – Tide Rock, a San Diego-based unlevered buyout firm, has announced the acquisition of Pro-Active Engineering, an EMS solutions provider for the military & defense, industrial, medical, renewable energy and aerospace sectors.

JASPER, IN – Kimball Electronics has announced the death of longtime chairman and CEO Don Charron.

TOKYO – Kaga Electronics will build a new factory in Mexico to meet customers' growing needs in the US market.

NEVADA CITY, CA – The worldwide contract manufacturing market reached a new all-time high of $694.4 billion in 2022, but the year-over-year growth rate went flat from the previous year and decreased from 14.8% to 1.7% – the lowest growth seen over the last five-year period, according to New Venture Research's report, The Worldwide Electronics Manufacturing Services Market – 2023 Edition.