SAN JOSE – Flex will lay off more than 50 workers at its plant here due to what it calls the “present state” of business.
ST. PETERSBURG, FL – Jabil reported fiscal second quarter net revenue of $5.3 billion, an increase of 19.1% year-over-year.
ELK GROVE VILLAGE, IL – SigmaTron International reported fiscal third quarter revenue of $65.7 million, up 5.6% year-over-year.
BENGALURU, INDIA – Wistron plans to invest some $106.4 million to acquire additional land near here, according to published reports.
CRAMLINGTON, NORTHUMBERLAND, UK -- Hindley Circuits has acquired Magnum Electronics for an undisclosed sum.
JALANDHAR, PUNJAB, INDIA – Amber Enterprises will acquire a majority stake in EMS company Ever Electronics in an all-cash deal.
TAIPEI -- Foxconn reported February sales fell 4.1% year-over-year and 31% sequentially, a drop the world's largest EMS blamed on a fewer number of working days for the month.
VALLEY COTTAGE, NY – The global market for electronic cleaning solvents is expected to rise at a CAGR of 6.2% from 2017 to 2027, says Future Market Insights. The market is expected to be valued at around $ 1.608 billion by the end of the forecast period.
WEST PALM BEACH, FL – MacDermid Performance Solutions, a business segment of Platform Specialty Products, reported fourth quarter net sales up 7% to $489 million.
MILPITAS, CA – Spending on new and used semiconductor equipment is expected to increase 9% in 2018 to a record high of $60 billion, says SEMI. In 2019, equipment spending (new and used) is expected to increase 5%, reaching another record high of $64 billion.
TORONTO -- SMTC is looking for acquisitions in the military and medical sectors, the company's top executive said on a conference call this week.
BANNOCKBURN, IL – IPC has released a new standard outlining the capabilities and limits of low-pressure molding with thermoplastics.