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.

WASHINGTON, DC — Executives from electronics companies across the US are here this week to endorse the proposed US-Mexico-Canada Trade Agreement (USMCA) and call on the Trump Administration and Congress to support policies that will drive advanced manufacturing.

FREMONT, CA -- Zollner Electronics has added a 23,000 sq. ft. factory here, the German EMS company's second in the Silicon Valley.

HELSINKI -- Scanfil yesterday signed an agreement to acquire a German EMS company for cash and stock, giving it further inroads to the Central European market.

CLEVELAND, OH – A pair of private equity firms have taken a majority stake in Libra Industries in partnership with CEO Rod Howell, the Howell family and the Libra management team. 

WESTLAKE, OH – Nordson's electronics equipment business unit reported sales fell about 1% year-over-year in its fiscal second quarter.

WASHINGTON – IPC is hosting its annual US advocacy event May 21-22.