ELK GROVE VILLAGE, IL – EMS firm SigmaTron International and pet tech company Wagz have executed a letter of intent related to a merger. Subject to terms and conditions, SigmaTron would issue approximately 2.27 million new shares of SigmaTron stock that would result in the stockholders of Wagz owning approximately one-third of the combined company.

FRAMINGHAM, MA – The combined consumer and enterprise worldwide wireless local area network (WLAN) market segments rose 2.3% year-over-year in the first quarter, according to International Data Corp. The enterprise segment fell 2.2% year-over-year in the first quarter, with $1.3 billion in revenue.

SINGAPORE – Global PC and tablet shipments will fall 7% year-over-year to 367.8 million units in 2020, according to Canalys. The firm expects the global PC market to stay flat in 2021 and return to growth of 2% in 2022.

FRAMINGHAM, MA — The worldwide smartphone market is forecast to decline 11.9% year-over-year in 2020, with shipments totaling 1.2 billion units, according to International Data Corp.

SHA TIN, HONG KONG – Valuetronics Holdings said fiscal 2020 revenue fell 16.8% year-over-year to HK$2.35 billion (US$303.2 million).

STOCKHOLM – EG Electronics has acquired all shares in WEAB Wermlands Elektronik.

MORRISVILLE, NC – iNEMI and SMTA will host a webinar June 16 on proposed testing protocols to align connector reliability with application requirements.

MILPITAS, CA -- Worldwide semiconductor manufacturing equipment billings rose 13% year-over-year in the first quarter, according to SEMI.

WASHINGTON — The 90-day moving average sales of semiconductors worldwide rose 6.1% year-over-year to $34.4 billion in April.

MARCIANISE, ITALY – Jabil workers here are threatening to strike over layoffs, according to reports. On Monday, Jabil eliminated 190 staff positions at the plant.

FRAMINGHAM, MA – IDC lowered its guidance for the global tablet, notebook PC, desktop PC, and workstation market for 2020, with shipments expected to reach 360.9 million units, declining 12.4% year-over-year. The market is expected to recover slowly in the following years, with a five-year CAGR of 1.3%, IDC said.

FRAMINGHAM, MA – Global shipments of wearable devices grew 29.7% year-over-year during the first quarter, as total device volume reached 72.6 million units, according to International Data Corp.