TAIPEI -- Foxconn today reported fourth quarter net profits grew 30% year-over-year to T$68.8 billion ($2.26 billion), beating consensus estimates.

PLANO, TX – Siemens today closed its acquisition of Mentor Graphics. The EDA company is now part of Siemens' product lifecycle management (PLM) software business.

SCOTTSDALE, AZ – IC Insights raised its worldwide IC market growth forecast for 2017 to 11%, more than twice its original 5% outlook on an improved outlook for DRAM and NAND flash memory.

MUNICH -- Siemens' pending acquisition of Mentor Graphics could be completed as soon as today and will almost assuredly close before Mar. 31, according to filings with the US Securities and Exchange Commission.

TAIPEI -- The global smartphone market, which has been experiencing slowing growth and intensifying competition, has become an even tougher environment because of recent sharp rises in component prices.

SANTA CLARA, CA -- Celestica today announced the opening of its Silicon Valley Customer Experience Center.

MUNICH -- Siemens yesterday received merger control clearance for its pending acquisition of Mentor Graphics from China's Ministry of Commerce.

DUNFERMLINE, UK – Dynamic EMS reported 2016 sales of £8.85 million (US$11 million), up 6% year-over-year.

BANNOCKBURN, IL – February North American printed circuit board orders grew 8.4% year-over-year, bringing year-to-date orders to 1.3% above the same period last year, and up 11.1% sequentially.

HERNDON, VA — iNEMI will detail highlights of the 2017 iNEMI Roadmap in a pair of webinars next month.

MILPITAS, CA – Lenthor Engineering reported fourth quarter revenue of $6.4 million, an increase of 3.2% year-over-year.

LOUISVILLE, KY – Sypris Electronics reported revenue of $4 million in the fourth quarter of 2016, down 55% year-over-year, reflecting the impact of the sale of Sypris Solutions’ Cyber Security Solutions business. Gross profit was a loss of $1.2 million, compared to profit of $300,000 for the same period the prior year.