BANNOCKBURN, IL -- Materials and labor costs continue to be the largest issue facing the electronics supply chain, with nine in 10 electronics manufacturers reporting rising materials costs and more than three-fourths reporting rising labor costs.

JACKSONVILLE, IL – Foxhole Group, a private investment firm focused on the industrial sector, has partnered with J.J. and Sherri Richardson to recapitalize CCK Automations, a designer and manufacturer of printed circuit board assemblies, injection molded plastics and specialty machining.

BANNOCKBURN, IL — North American printed circuit board fabricators reported the 90-day moving average shipments edged up 5.4% over last year in November.

BANNOCKBURN, IL — November shipments among North American electronics manufacturing services rose 2.5% year-over-year, IPC announced.

MILPITAS, CA — North America-based semiconductor equipment manufacturers posted $3.93 billion in billings worldwide in November, according to SEMI, up 50.6% year-over-year and 5% sequentially.

BILLINSTAD, NORWAY – Kitron has entered into an agreement to acquire BB Electronics for a total of approximately DKK 600 million (US$91 million).

TAIPEI -- A subsidiary of Delta Electronics will acquire Universal Instruments for $88.9 million, Delta announced today. The transaction is subject to certain closing conditions, and is expected to generate substantial synergies by through the companies' respective R&D operations and global customer base.

GRAND RAPIDS, MI – Lacroix has signed an exclusive agreement for the acquisition of a majority stake in Firstronic.

SENAI, MALAYSIA – V.S. Industry Berhad reported fiscal first quarter 2022 revenue of MYR 968 million (US$228.8 million), a decrease of 1.9% year-over-year.

ST. PETERSBURG, FL – Jabil reported fiscal first quarter net revenue of $8.6 billion, an increase of 9.4% year-over-year.

STOCKHOLM – Electronics manufacturer Note updated its financial targets and sustainability goals today. By 2025, the firm is targeting a sales level of at least SEK 5 billion (US$548.3 million). The EMS company predicts high organic growth complemented by acquisitions.

SAN JOSE – Electronics manufacturer Syrma SGS Technology filed for an initial public offering, looking to raise between Rs 10 billion and Rs 12 billion (US$130.9 million to US$157.1 million).