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TAIPEI – Foxconn saw a 33% year-over-year jump in net profit in the fourth quarter, and said it is optimistic for 2024's prospects due to the increasing demand for AI servers.

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HAUPPAUGE, NY – Orbit International announced February bookings in excess of $2 million for its Electronics group, and said deliveries for February orders have already commenced and are expected to continue through the first quarter of 2026.

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TAOYUAN, TAIWAN – Inventec reported revenue of NT$128.07 billion ($4.06 billion) for the fourth quarter, a 5% decrease from the previous year.

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ARLINGTON, VA – JEDEC has published JESD239 Graphics Double Data Rate (GDDR7) SGRAM, which offers double the bandwidth over GDDR6, reaching up to 192 GB/s per device, and is poised to meet the escalating demand for more memory bandwidth in graphics, gaming, compute, networking and AI applications.

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WASHINGTON – Ensign-Bickford Aerospace & Defense has received $11.7 million from the Department of Defense to expand PCBA production at its Simsbury, CT, location.

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PEACHTREE CITY, GA – CIRCUITS ASSEMBLY today announced the 2024 New Product Introduction Award winners for electronics assembly equipment, materials and software.

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NEEDHAM, MA – The global market for AR/VR headsets grew 130.4% year over year during the fourth quarter, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker.

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NEEDHAM, MA – Global PC shipments are predicted to reach 265.5 million units in 2024, up 2% from the prior year, according to IDC's Worldwide Quarterly Personal Computing Device Tracker.

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ELK GROVE VILLAGE, IL – SigmaTron International reported revenue of $95.9 million for the third quarter of its fiscal year, up 3% from the same quarter last year.

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OULU, FINLAND – Scanfil has announced a new growth strategy that will seek acquisitions, as well as a division into three new business segments.

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VEJLE, DENMARK – GPV reported revenue of DKK 10.4 billion ($1.5 billion) in 2023, a 76% increase from 2022's revenue.

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RICHARDSON, TX – Celestica has signed an economic development deal here that will see the company redevelop a 30,000 sq. ft. office into a manufacturing facility and add 155 jobs.

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