TAIPEI – Foxconn reported March sales were down 7.7% year-over-year to NT$347.7 billion (US$11.8 billion).
NEWBERRY, SC – Samsung Electronics has suspended its home appliance factory here after two of its workers tested positive for Covid-19, according to reports.
BOSTON -- The following is a list of updates from companies' responses to the coronavirus (Covid-19).
FRAMINGHAM, IDC – Total end-user spending on IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, recovered in the fourth quarter after two consecutive quarters of decline, says International Data Corp. Year-over-year growth of 12.4% yielded $19.4 billion in spending.
FRAMINGHAM, MA – Worldwide IT spending is now expected to decline 2.7% in constant currency terms this year as Covid-19 impacts the global economy and forces many organizations to respond with contingency planning and spending cuts in the short term, according to International Data Corp.
LONDON – Global copper production in 2020 is expected to be impacted by the Covid-19 outbreak, according to GlobalData. After declining 1.9% in 2019 to 20.6 million metric tons due to lower ore grades and production disruptions, copper production was initially expected to grow 3.4% in 2020 due to an anticipated increase in production from Chile, China and Peru. However, with falling demand and ongoing disruption to mining activities due to lockdowns, this has been reduced to 1.9%, with production of 21Mt in 2020.
MILPITAS, CA – SEMI has urged global government representatives to designate the semiconductor industry as an essential business, so operations at companies across the chip supply chain can continue without interruption as the spread of Covid-19 continues.
MILPITAS, CA — Global semiconductor materials market revenues decreased 1.1% in 2019, according to SEMI.
EINDHOVEN, NETHERLANDS -- Neways today said all its operating companies in the Netherlands, Germany, the Czech Republic, Slovakia and China remain operational at this time.
TAIPEI – Foxconn reported a 23.7% year-over-year decline in profit in the fourth quarter of 2019 to NT$47.8 billion (US$1.6 billion), according to reports.
FOUNTAIN INN, SC – Kyocera completed its previously announced acquisition of AVX, following the completion of Kyocera’s tender offer to purchase all outstanding shares of AVX common stock that it did not already own.
WESTLAKE, OH – Nordson will reorganize into two businesses: Industrial Precision Solutions (IPS), led by Gregory P. Merk, executive vice president, and Advanced Technology Solutions (ATS), led by Jeffrey A. Pembroke, executive vice president.