LAGUNA, PHILLIPPINES – Integrated Micro-Electronics reported profits plunged 94% on flat revenues in the first quarter, as a result of higher input costs and the general slowdown of the global market.

CHENGDU, CHINA – Foxconn plans to build a manufacturing base for smart wearables here, according to reports.

MINNEAPOLIS, MN – SMTA and the Center for Advanced Life Cycle Engineering (CALCE) finalized the technical program for the Symposium on Counterfeit Parts and Materials, taking place this June 25-27 in College Park, MD.

KISTA, SWEDEN – Note reported sales increased 32% to SEK 405 million ($42.5 million) in the first quarter.

TEMPE, AZ – Benchmark Electronics posted net sales for the first quarter of $603 million, down 0.82% year-over-year and 8.2% sequentially.

SIEVI, FINLAND – Scanfil Group reported first quarter revenue of EUR 129.9 million ($144.8 million), down 7% year-over-year.

MILPITAS, CA – North America-based manufacturers of semiconductor equipment reported the 30-day moving average of global sales fell 24.6% year-over-year in March.

GLENVIEW, IL – Illinois Tool Works reported revenue for the Test & Measurement/Electronics group was down 3.5% to $524 million in the first quarter. Operating income for the segment was $126 million, down 0.8% year-over-year.

TORONTO – Celestica posted first quarter revenue of $1.43 billion, down 4% year-over-year.

MADISON, WI – Foxconn Technology Group says it remains committed to a $10 billion Wisconsin project that will employ up to 13,000, while the firm looks for "flexibility" in the current deal, according to reports.

MAUMEE, OH – Pinnacle Technology Group announced plans for a new production facility here.

ST. PETERSBURG, FL – Jabil will close one of its plants in San Jose and lay off 150 workers, the company said.