BOCA RATON, FL – DataEd and Bestronics have been recapitalized by a private equity firm. New Water Capital has invested an undisclosed sum in the two tier III EMS firms.
SINGAPORE – Kulicke and Soffa Industries reported fiscal fourth quarter net revenue of $139.8 million, a decrease of 24.3% year-over-year and an increase of 10% sequentially.
BROMMA, SWEDEN – NCAB Group signed an agreement Nov. 14 to acquire 100% of the shares in Altus PCB for an undisclosed sum.
MORRISVILLE, NC – iNEMI issued a call for participation for its first level interconnect void characterization project. Two webinar sessions will be held Dec. 12.
TAIPEI – Foxconn says it will give priority to profit improvement, with a goal of increasing its gross margin to 10% over the next three to five years, according to reports.
ATLANTA – The ECIA board of directors and council leaders assigned the Global Industry Practices Committee to anticipate the untangling of inventory issues inflicted through the tariffs by identifying a checklist of areas and issues for consideration when tariffs are removed.
HERTFORDSHIRE, UK – The International Tin Association and the Responsible Minerals Initiative have developed and published criteria to clarify a common upstream and downstream view of due diligence requirements for the tin supply chain.
TAIPEI – Foxconn reported net profit in the third quarter of T$30.7 billion ($1 billion), up 23%, according to reports.
HANOVER, GERMANY – Viscom posted third quarter revenue of €18.3 million (US$20.2 million), down 17.3% year-over-year.
MINNEAPOLIS – Nortech Systems reported third quarter net sales of $30.1 million, an increase of 1.7% year-over-year.
LOUISVILLE, KY – Sypris Electronics reported third quarter revenue of $6.6 million, up 6.5% year-over-year.
TAIPEI – Yageo plans to purchase Kemet in a $1.8 billion deal, according to reports. The electronic company says it will fund the transaction with cash and committed financing.