CHENNAI, INDIA -- Avalon Technologies, an Indian EMS provider, will go public next week with shares made available starting Apr. 3.

SAINT-HERBLAIN, FRANCE – Lacroix's €707.8 million ($767.2 million) in revenue for 2022 represented a 41.1% jump from 2021's total of €501.5 million ($543.6 million).

BANNOCKBURN, IL – The establishment of a pilot facility in the US for manufacturing IC substrates is a first step towards re-establishing semiconductor packaging within the United States, and the CHIPS and Science Act of 2022 can be used to jump start the effort, according to a white paper released by the IPC's Chief Technologist Council.

MOUNT PLEASANT, WI – Microsoft plans to build a $1 billion data center on a 315- acre plot of land currently owned by Foxconn in Mount Pleasant, WI.  

SAN FRANCISCO – Tempo Automation announced that it has entered into a definitive agreement to acquire Optimum Design Associates, an electronic design services company with offices in the United States and Australia.

ST. PETERSBURG, FL – Jabil has announced the construction of a new production facility in the Croatian city of Osijek.

WASHINGTON DC – President Joe Biden has authorized the use of the Defense Production Act to spur domestic and Canadian production of printed circuit boards, citing the technology's importance to national defense.

BANNOCKBURN, IL – Though overall industry sentiment is upbeat, around 58% of the respondents to IPC’s monthly Global Sentiment of the Electronics Supply Chain Report expect to raise prices in 2023, with an average of an 8% increase.

BANNOCKBURN, IL – Total North American PCB shipments in February 2023 were up 5.6% compared to the same month last year. Compared to the preceding month, February shipments were up 16.4%, according to the IPC's monthly North American Printed Circuit Board Statistical Program. The book-to-bill ratio stands at 0.99.

BANNOCKBURN, IL – Total North American EMS shipments in February were up 5.1% compared to the same month last year, and down 4.9% from January, according to this month's findings in the IPC's North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.30.

MILPITAS, CA – Global fab equipment spending for front-end facilities is expected to decrease 22% year-over-year to $76 billion in 2023 from a record high of $98 billion in 2022 before rising 21% YoY to $92 billion in 2024 to reclaim lost ground, SEMI announced in its latest quarterly World Fab Forecast report. The 2023 decline will stem from weakening chip demand and higher inventory of consumer and mobile devices.

SENAI, MALAYSIA – VS Industry reported revenue of MYR1.15 billion ($258 million) for the second quarter of its fiscal year, a 13.1% increase from the second quarter of last year.