HAWTHORNE, CA -- OSI Systems today announced March quarter sales at its Optoelectronics and Manufacturing division fell 6.1% from a year ago to $61.3 million.

SCHAUMBURG, IL -- The board of directors of Sparton Corp. has authorized Wells Fargo Securities to conduct a process to identify parties interested in acquiring the entire company.

PARIS -- AsteelFlash has started production at its newly built state-of-the-art electronics assembly facility La Soukra, Tunisia.

SAN JOSE, CA – Sanmina reported second fiscal quarter revenue ended Apr. 2 of $1.61 billion, up 5.2% year-over-year and sequentially.

HANNOVER, GERMANY – Panasonic and Siemens signed a memorandum of understanding with the intention of working more closely together on automation concepts for the electronics industry.

NESS ZIONA, ISRAEL -- Companies involved in printed electronics design and manufacturing typically outsource PCB production, investing significant capital and experiencing long turn times with PCB prototypes. 

CAMBRIDGE, ENGAND – Negotiations to restructure Scanfil’s operations here are closed, and the electronics manufacturer plans to begin the process of shutting down the plant.

SEATTLE -- Microsoft and Jabil announced a new predictive analytics platform said to predict errors or failures on the assembly floor before they occur, saving customers time and money while delivering superior quality and shortened product lead times throughout the entire supply chain.

FRAMINGHAM, MA – Worldwide shipments of virtual reality hardware will skyrocket in 2016, with total volumes reaching 9.6 million units, says IDC. Led by products from Samsung, Sony, HTC and Oculus, the category should generate hardware revenues of approximately $2.3 billion in 2016.

SAN JOSE – North America-based semiconductor equipment manufacturers reported 90-day moving average worldwide orders slipped about 1% in March.

TABY, SWEDEN -- Mycronic reported March quarter net sales rose 13.2% to SEK 344 million ($42.3 million).

NEW HAVEN, CT -- A Shenzhen citizen faces up to 10 years in prison after pleading guilty in a US federal court to conspiring to sell knockoffs of ICs to a purchaser in the US.