TAIPEI – Foxconn reported second quarter revenue up 20% year-over-year to NT1.36 trillion (US$48.6 billion).

FREDERICK, MD – ACDi acquired Enhanced Manufacturing Solutions to expand its geographical footprint, increase manufacturing capacity and complement service and product offerings. No financial terms were disclosed.

DONGGUAN, CHINA – ICAPE Group received €125 million (US$148.1 million) in revenues in 2020 and expects 30% growth in 2021.

MONTEREY PARK, CA – Quantic Electronics acquired Union Technology Corp. for an undisclosed sum.

BANNOCKBURN, IL – IPC expects the global economy to expand 6.1% in 2021 and another 4% in 2022, according to a new IPC report from Shawn DuBravac, Ph.D., chief economist.

EINDHOVEN, NETHERLANDS – Neways says it has reached a conditional agreement with investment firm Infestos on a recommended public offer for all of the issued and outstanding ordinary shares, according to reports.

ATLANTA – CIRCUITS ASSEMBLY opened its 2022 New Product Introduction Awards (NPI) for printed circuit board assembly.

NEVADA CITY, CA – Worldwide contract manufacturing revenue increased 7.1% in 2020, according to New Venture Research, while the annual worldwide GDP rate was down 3.2% for the year.

BANNOCKBURN, IL – Total North American EMS orders in May rose 10.5% year-over-year and decreased 19.2% sequentially, according to IPC.

BANNOCKBURN, IL — North American printed circuit board shipments rose 9.1% year-over-year in May, IPC announced today.

AUSTIN, TX -- TechSearch International’s teardown of the Apple Watch Series 6 GPS+LTE examined 108 board-level packages plus another 17 packages inside modules and found 27% more wafer level packages (WLPs) than in the previous Series 5, including packages in the wireless charger. Apple used more multi-die modules in the new watch.

NEW DELHI, INDIA -- The US isn't the only nation placing intense emphasis on its boosting domestic semiconductor industry.