BANNOCKBURN, IL – First quarter orders at North American EMS companies were up 1% year-over-year, says IPC. Slower growth is expected for the industry through 2020, the trade group added.

LONG ISLAND CITY, NY –  Cemtrex said a federal court has approved previously announced settlements in a securities class action lawsuit and related shareholder derivative litigation. The EMS/ODM will pay a series of fines and make certain changes to its governance as part of the settlements.

SANTA ANA, CA – The owner of PRB Logics was sentenced to more than three years in federal prison for selling counterfeit integrated circuits he obtained from China, some of which were purchased by defense contractors for military use.

BANNOCKBURN, IL — IPC today issued a statement in support of a new trade deal to replace NAFTA but decrying the threat of new tariffs on imports from Mexico. The trade group said it supports the Trump administration’s efforts to pass the US-Mexico-Canada Agreement (USCMA) but believes the imposition of new tariffs on Mexican imports to address immigration issues at the US-Mexico border will harm US electronics companies and their customers.

EGHAM, UK – Global smartphone sales to end-users declined 2.7% in the first quarter, totaling 373 million units, according to Gartner. Despite its absence from the US, Huawei maintained its ranking as the No. 2 smartphone vendor worldwide and continued to reduce the gap with Samsung.

BANNOCKBURN, IL – North American printed circuit board orders in April increased 9.4% year-over-year, says IPC, bringing year-to-date order growth up to 4%. Orders were down 14% sequentially.

TAIPEI – Pegatron has signed a letter of intent to invest $695 million to $1 billion in an Indonesian factory to assemble iPhone chips, according to reports.

LONG ISLAND CITY, NY – Effective June 13, Cemtrex will effect a six-for-one reverse stock split of its outstanding common stock.

MILPITAS, CA — North America-based manufacturers of semiconductor equipment posted a 90-day average billings of $1.9 billion worldwide in April. The mark was down 29% year-over-year and up 4.7% sequentially, according to SEMI.

WARMINSTER, PA — Logue Family Holdings has acquired IMET Electronics Corp. for an undisclosed sum.

AUSTIN, TX – Fanout wafer-level packages are expected to grow almost 37% from 2018 through 2022, says TechSearch International, while fan-in WLPs are projected to grow at a CAGR of 8.5% for the four-year period.

ST. PETERSBURG, FL – Jabil is suing GE to reclaim $2.1 million in unreimbursed raw material expenses that the EMS accrued, according to reports.