YORK, UK – Electronic components distributor Cyclops Group has sold its contract manufacturing and assembly division to a management-led buyout team.

LOS ANGELES – The owner of PRB Logics, an Orange County-based seller of electronic components, was arrested this morning on federal charges alleging he sold counterfeit integrated circuits, some of which could have been used in military applications.

JASPER, IN -- Kimball Electronics reported fiscal third quarter net sales of $284 million, up 22% from a year ago on higher demand from the automotive and medical end-markets.

NEVADA CITY, CA – The global market for IC packaging posted a banner year in 2017, and contributed significantly to the semiconductor industry’s strongest growth in more than a decade, according to a new report from New Venture Research.

WASHINGTON – Worldwide sales of semiconductors reached $111.1 billion in the first quarter, up 20% year-over-year and down 2.5% sequentially, says the Semiconductor Industry Association.

LUXEMBOURG – Exceet Group reported first quarter sales of EUR 38 million ($46 million), up 7.4% year-over-year and 9.7% sequentially.

HERTFORDSHIRE, UK – Consumer demand for TV sets is poised to return to growth in 2018, says Futuresource Consulting. The recovery of several markets linked with a transition to 4K UHD models will drive trade value up 5% to $85 billion.

DELHI, INDIA – Syrma Technology is spending $10 million to set up its fifth manufacturing unit, this one in the Delhi-Mumbai corridor. The new plant is expected to come online later this year.

NEW YORK – A new survey from Morgan Stanley highlights the broad risk facing many chip companies from a rise in double-booking.

TORONTO -- Celestica today reported first quarter revenue increased 1% from a year ago to $1.5 billion.

SAN JOSE, CA – Flex reported fiscal fourth quarter net sales of $6.4 billion, up 9% year-over-year.

LYON, FRANCE – The panel level packing (PLP) market is expected to reach $285 million in 2023, a 51% CAGR during the 2017-2023 period, according to Yole Développement.