SCHAUMBURG, IL -- In a surprise move today Sparton announced president and chief executive Cary B. Wood has resigned, effective immediately.

TAIPEI – Foxconn plans to buy Sharp by the end of the month, chairman Terry Gou said, according to published reports.

JASPER, IN – Kimball Electronics reported fiscal second quarter 2016 revenue ended Dec. 31 of $207.1 million, flat with the same period the previous year. Net income was $4.6 million, down 25.8% year-over-year.

SUZHOU -- Suzhou Dongshan Precision Manufacturing will acquire Multi-Fineline Electronix in an all-cash deal valued at $610 million. 

STAMFORD, CT – The global market for wireless medical devices is expected to grow about 25.1% over the next five years, according to a new iRAP report.

TABY, SWEDEN – Mycronic recorded fourth quarter 2015 net sales of SEK 621 million ($73.9 million), down 5.3% year-over-year.

ELK GROVE VILLAGE, IL – The Selective Soldering Academy is hosting training sessions in Budapest (Feb. 22-24) and Chicago (Feb. 23-25 and Mar. 29-31).

FAIRFIELD, NJ -- PPI-Time Zero has acquired fellow contract assembler New Age EMS, giving it a foothold in the New England US.

WILTSHIRE, UK – A free webinar later this month will focus on the impact of the European Chemicals Agency’s latest guidance on electronics companies and their supply chains. Attendees will receive recommendations from RoHS Ready managing director Jim Kandler on how to update systems to manage compliance.

FRAMINGHAM, MA – The worldwide tablet market declined 13.7% year-over-year in the fourth quarter of 2015, with 65.9 million units shipped, says the International Data Corp.

STERLING, MA – Jeff Mogensen, former Parmi and Speedline executive, has launched Utopia Sales Partners.

ALBANY, NY -- The global nondestructive test equipment market will grow at a CAGR of 5.8% from 2015 to 2021, reaching $4.78 billion, according to a new report.