EAST LONDON, SOUTH AFRICA – The courts have suspended the liquidation process of Yekani Manufacturing’s R1 billion (US$66.7 million) EMS factory, according to reports.

MINNEAPOLIS – CyberOptics reported sales of $16.9 million for the fourth quarter, down 6.6% year-over-year and up 36% sequentially.

FRAMINGHAM, MA – Worldwide spending on information and communications technology is expected to be $4.3 trillion in 2020, an increase of 3.6% over 2019, according to International Data Corp.

RALEIGH, NC – HZO said significant investments in R&D have resulted in 22 patents and patent-pending filings throughout multiple jurisdictions, including the US, China, and Europe.

MANILA – Integrated Micro-Electronics reported 2019 revenues down 7% to $1.2 billion. The net loss was $7.8 million in 2019, compared to net profit of $47.2 million in 2018.

PEORIA, IL – Cyient opened a wire harness lab here. The facility adds capabilities to support customers in harness prototyping by increasing design process speed and iterative development for electrical systems.

MELBOURNE – Fluidra has acquired Fabtronics for AUD 15 million (US$10 million) to strengthen R&D and integrate electronics design and manufacturing, according to reports.

SAN DIEGO — IPC presented Committee Leadership, Special Recognition and Distinguished Committee Service Awards at IPC Apex Expo. The awards were presented to individuals who made significant contributions to IPC and the industry by lending their time and expertise through IPC committee service.

ATLANTA – Prime Technological Services has acquired I Technical Services for an undisclosed sum.

SHANGHAI — Reed Exhibitions has postponed Nepcon China 2020 tentatively to June 17-19.

PATHUMTANI, THAILAND – SVI Public Co. reported 2019 consolidated sales of THB 15 billion ($483.6 million), a decrease of 4.2% year-over-year.

BANNOCKBURN, IL — In recognition of their leadership roles and support of IPC standards, education, advocacy and solutions to industry challenges, four recipients were presented with an IPC Rising Star Award: Gaston Hidalgo, Kate Stees, Stephanie Rodgers, and Zhiman Chen.