SELBYVILLE, DE – It is estimated the integrated passive devices market will surpass $2 billion by 2026, according to Global Market Insights.

MINNEAPOLIS, MN - The SMTA is currently seeking student applications for the Charles Hutchins Educational Grant.

LAKE ZURICH, IL – Contract manufacturer Eastek International is opening a plant in Fresnillo, Zacatecas, Mexico. Eastek partnered with Entrada Group to establish the facility.

CHILI, NY – IEC Electronics is purchasing and renovating an 86,000 sq. ft. factory here, according to reports. The $5.8 million expansion will create 150 new full-time jobs.

ATLANTA – ECIA's chief analyst Dale Ford will present a review of component industry market data and his perspective in a webinar on Mar. 18 at 1:00 pm EST.

TORONTO – SMTC reported fourth quarter revenue of $101.3 million, up 12.3% year-over-year and 1.7% sequentially.

TAIPEI – Foxconn chairman Young Liu said the company will announce its plans for Mount Pleasant, WI, in the next four months, according to reports.

MILPITAS, CA — Fueled by surging pandemic-inspired demand for electronics devices, the global semiconductor industry is on track to register a rare three consecutive years of record highs in fab equipment spending, with a 16% increase in 2020, followed by forecast gains of 15.5% this year and 12% in 2022, according to SEMI.

SCOTTSDALE, AZ – IC Insights predicts the global IC market will grow 19% in 2021.

NEEDHAM, MA – Worldwide shipments of wearable devices reached 153.5 million in the fourth quarter, a year-over-year increase of 27.2%, according to International Data Corp.

ST. PETERSBURG, FL – Jabil reported fiscal second quarter net revenue of $6.8 billion, an increase of 11.5% year-over-year.

AUSTIN, TX -- Virtex continued its growth by acquisitions with the purchase of Anoka, MN-based Altron Inc. Financial terms were not disclosed.