ST. PETERSBURG, FL – Jabil beat revenue estimates for the May period, reporting preliminary fiscal third quarter net revenue of $6.3 billion, up 3.3% year-over-year. The net loss was $50.3 million, compared to net income of $44 million for the same quarter last year.

FRAMINGHAM, MA – IDC lowered its 2020 forecast for spending on Internet of Things devices to 8.2%, but said double-digit growth rates will return in 2021.

SANTA CLARA, CA – Globalfoundries and SkyWater Technology have reached a deal to supply semiconductor chips to the US defense industry and work on new technology, according to reports.

BANNOCKBURN, IL – IPC and International Aerospace Environmental Group issued a statement encouraging use of IPC-1754, Materials and Substances Declaration for Aerospace and Defense and Other Industries, in the aerospace and defense industry and its global supply chain.

SENAI, MALAYSIA – After lockdown, VS Industry has resumed work at its China operations, for which it expects losses to be lower this financial year compared to 2019.

SENAI, MALAYSIA – Enics is opening a 10,000 sq. m. high-volume electronics manufacturing facility here in early 2021.

TAIPEI – Pegatron reported consolidated revenues of NT$114.1 billion (US$3.8 billion) for May, up 16% year-over-year and 10% sequentially.

PENANG ISLAND, MALAYSIA -- Escatec has named Patrick Macdonald chief executive, effective Jun. 1, based at the EMS company's headquarters at the Bayan Lepas global electronics cluster here.

MACAO – Deswell Industries reported net sales for the electronic segment for the six months ended Mar. 31 were $17 million, up 2% year-over-year. Total net sales were $27.7 million, down 13% year-over-year.

FRAMINGHAM, MA – Vendor revenue in the worldwide server market declined 6% year-over-year to $18.6 billion during the first quarter, according to International Data Corp. Worldwide server shipments were down 0.2% to nearly 2.6 million units.

NEW BRITAIN, CT – Capital Partners completed a control investment in MicroCare in partnership with the company’s cofounder and senior management on May 28.

MILPITAS, CA – 2021 is poised to mark a banner year for global fab equipment spending, with 24% growth to a record $67.7 billion. All product segments are promising solid growth rates, according to SEMI.