WESTWOOD, MA – Chase Corporation, a manufacturer of industrial coatings and tapes, has entered into a definitive agreement to be acquired by an affiliate of investment funds managed by investment firm KKR for an all-cash transaction of around $1.3 billion.

ELK GROVE VILLAGE, IL – SigmaTron announced revenue of $414.4 million in continuing operations for its fiscal year, an increase of 10% from the $378.3 million in revenue for the previous year.

PEACHTREE CITY, GA – The Printed Circuit Engineering Association today announced registration for the technical program and exhibition for PCB West 2023 is ahead of last year’s pace.

TAIPEI – Analog Devices and Foxconn have partnered to work toward the development of the next-generation digital car cockpit and a high-performance battery management system (BMS).

LAWRENCEVILLE, GA – Encompass Supply Chain Solutions, a distributer of OEM parts for home products including residential appliances, HVAC, consumer electronics and related products, has opened a new service warehouse outside Atlanta.

SAN FRANCISCO – Tempo Automation has laid off 62 of its employees, leaving only seven employees on its payroll in an effort to reduce overhead and keep the company operational, according to an SEC filing from Monday.

WASHINGTON – The Semiconductor Industry Association has called on the US government to refrain from any more restrictions on chip sales to China, saying additional measures against the country could disrupt supply chains and prompt continued retaliation from China. 

NORTHVALE, NJ – ADM Tronics announced revenue of $3.68 million for its fiscal year, an increase of 15% from the previous year's total of $3.2 million.

STOCKHOLM – Note reported sales of SEK1.1 billion ($107.6 million) for the first quarter, an increase of 20% compared to last year's first quarter.

FORT WORTH, TX – S&B Industries, a subsidiary of Foxconn located in Fort Worth, TX, is laying off 115 employees beginning on July 21, according to a Worker Adjustment and Retraining Notification Act notice.

BERLIN – Otis Worldwide has opened a new €8 million ($9 million) PCB production facility dedicated to advanced and complex PCB designs, as well as rapid prototyping and industrialization.

STOCKHOLM – Mycronic reported second-quarter sales of SEK1.25 billion ($1.22 billion), a 2% decrease from last year's second quarter.