TAIPEI – Global Brands Manufacture announced annual revenue of NT$22.9 billion ($726.3 million), down 5.7% from 2022.

BRONSCHHOFEN, SWITZERLAND – Cicor Group has announced its acquisition of TT Electronics IoT Solutions and its three production sites in the UK and China.

TAIPEI – Foxconn's revenue in February fell 12.33% year-over-year, and the company expects first quarter revenue to decline on a yearly basis.

WASHINGTON – Global semiconductor industry sales totaled $47.6 billion in January, an increase of 15.2% compared to the January 2023 total of $41.3 billion but a decrease of 2.1% from December's total of $48.7 billion, the Semiconductor Industry Association announced.

VANCOUVER, WA – Jabil plans to close its site here in May and lay off 120 workers.

KUALA LUMPUR – Malaysian contract manufacturer Ge-Shen will purchase a 40% stake in EMS firm Local Assembly to expand its presence in electronics manufacturing.

NORTH YORK, ON – ZTest announced $4.2 million in revenue for the six-month period ending on Dec. 31, a record for the company and an 88% year-over-year increase.

SINGAPORE – ASMPT reported revenue of $435.4 million for the fourth quarter, a year-over-year decrease of 21.4%.

EL SALTO, MEXICO – Foxconn has purchased an NT827 million ($26.5 million) plot of land here with the aim to bolster its AI server production capabilities.

TECATE, MEXICO – OSI Electronics has opened a new manufacturing facility here to expand its capabilities in North America.

MOORESVILLE, NC -- General Microcircuits, a subsidiary of East West Manufacturing, will close this year and lay off about 100 workers, according to a mandatory government filing.

OULU, FINLAND – Scanfil saw sales of EUR220.8 million ($239.6 million) in the fourth quarter, a decrease of 0.7% from the same quarter of 2022.