ATLANTA – Winning the race for talent has never been more critical as the entire tech industry faces alarming shortages of skilled workers. To address the challenge, in May and June of 2023, two focus groups were conducted by the Electronic Components Industry Association and its newly-established Industry Recruiting Committee.

JASPER, IN – Kimball Electronics announced sales of $496.1 million for the fourth quarter of its fiscal year, a 33% increase over the same quarter last year.

SAN DIEGO, CA – Tide Rock, a San Diego-based unlevered buyout firm, has announced the acquisition of Pro-Active Engineering, an EMS solutions provider for the military & defense, industrial, medical, renewable energy and aerospace sectors.

JASPER, IN – Kimball Electronics has announced the death of longtime chairman and CEO Don Charron.

TOKYO – Kaga Electronics will build a new factory in Mexico to meet customers' growing needs in the US market.

NEVADA CITY, CA – The worldwide contract manufacturing market reached a new all-time high of $694.4 billion in 2022, but the year-over-year growth rate went flat from the previous year and decreased from 14.8% to 1.7% – the lowest growth seen over the last five-year period, according to New Venture Research's report, The Worldwide Electronics Manufacturing Services Market – 2023 Edition.

MILPITAS, CA – With sequential IC sales declines beginning to moderate, the global semiconductor industry appears to be nearing the end of a downcycle and is expected to begin to recover in 2024, SEMI and TechInsights reported in the Semiconductor Manufacturing Monitor.

VEJLE, DENMARK – GPV reported record second-quarter revenue of DKK2.7 billion ($396.3 million) and revenue of DKK 5.4 billion ($792.6 million) for the first half of the year – an increase of 151% compared to the first half of 2022.

TEMPE, AZ – Amtech Systems reported $30.7 million in revenue for the third quarter of its fiscal year, a 54% increase from the same quarter last year.

MINNEAPOLIS, MN – Nortech Systems announced second-quarter revenue of $35 million, up 7.7% from the prior-year period.

PATHUMTANI, THAILAND – SVI Public Co. reported second-quarter revenue of THB5.7 billion ($162.7 million), a decrease of 5% from the THB6 billion ($172 million) in revenue for the same quarter last year.

PEACHTREE CITY, GA – The Printed Circuit Engineering Association (PCEA) today announced it has closed the acquisition of the assets of PCBDesign-Edu, Inc., (dba PCE-EDU, Inc.), including its industry-leading printed circuit designer training and certification program. The deal extends PCEA’s position as the leading association for training printed circuit engineers worldwide.