TORONTO -- Celestica has more than $500 million in cash on hand and could be gearing up for an acquisition, executives suggested this week.

BANNOCKBURN, IL – North American printed circuit board sales growth continued in December, closing 2015 up 0.4% over 2014, says IPC.

MOORPARK, CA — Keysight Technologies will conduct a series of seminars on test and measurement across North America this winter and spring.

SAN JOSE – Flex reported net sales for the fiscal third quarter ended Dec. 31 of approximately $6.8 billion, a decrease of 3.7% year-over-year and up 7% sequentially.

TORONTO – Celestica reported fourth-quarter revenue of $1.52 billion, up 6% year-over-year and 8% sequentially.

GLENVIEW, IL -- Illinois Tool Works reported fourth quarter organic revenue at its Test & Measurement/Electronics unit fell 3% year-over-year while sequential demand was up 6%. 

AUSTIN, TX -- NI today released of its annual Automated Test Outlook report delivers a comprehensive view of the key trends expected to impact automated test environments with the proliferation of connected devices, from preparing to test mmWave communication to effectively using manufacturing test data to propel business results.

SPOKANE VALLEY, WA -- Key Tronic reported fiscal second-quarter revenue grew 2% to $116.4 million.

SAO PAULO – Foxconn plans to lay off 480 people at its site here. The factory, which produces mobile phones for Sony Mobile, is attributing the cutbacks to low demand.

MINNEAPOLIS – SMTA International today announced Bob Willis has won a vote of attendees for Best of Conference for its technical conference last year.

WAKE FOREST, NC – Flextronics International has agreed to develop a plan to clean the groundwater that tainted wells here more than three years ago, say reports.

SAN JOSE — The 90-day moving average orders among North American semiconductor equipment manufacturers fell 2.8% from a year ago in December, SEMI said today.