CHENNAI, INDIA – Indian PCBA manufacturer Syrma SGS Technology is looking to double its SMT lines by using the proceeds of its IPO.

ARLINGTON, VA – JEDEC has announced the formation of the JC-42.9 Automotive Steering Subcommittee responsible for investigating memory technologies and recommending solutions pertaining to automotive applications.

MINNEAPOLIS – Nortech Systems announced $35.6 million in revenue for the fourth quarter, up 6.4% compared to the fourth quarter of 2021.

LEESBURG, VA – Zollner Elektronik AG will invest $18 million to expand in Virginia, including boosts to its electronics manufacturing operations in Danville as well at the company’s U.S. headquarters in Leesburg, adding a total of 100 jobs between the two locations.

LOUISVILLE, KY – Sypris reported $29.7 million in revenue for the fourth quarter, a 15.2% year-over-year increase and a 17.9% sequential increase.

ST. PETERSBURG, FL – Jabil reported $8.1 billion in revenue for the second quarter of its fiscal year.

JOHOR, MALAYSIA – Cape EMS announced revenue of MYR118.2 million ($26.3 million) for the fourth quarter, an increase of 17.4% from the same quarter of 2021.

JOHOR, MALAYSIA – Malaysian EMS provider Cape EMS ended its debut in the Main Market of Bursa at RM1.50 ($0.33), representing a premium of 67% over its IPO price of 90 sen ($0.002).

ATLANTA – The electronic components sales sentiment climbed to 90.6 in February, according to the Electronic Components Industry Association's latest Electronic Component Sales Trends survey, beating expectations for the month and continuing an upward trend that began in December.

SANTA ANA, CA -- TTM Technologies has signed a definitive agreement to sell its Shanghai backplane assembly plant for approximately $11.8 million, subject to customary post-closing adjustments, to DBG Holdings.

WOKING, ENGLAND – TT Electronics announced 2022 revenue of GBP617 million ($735.6 million), a 30% increase from 2021's total.

WASHINGTON – Global semiconductor industry sales totaled $41.3 billion during the month of January 2023, a decrease of 5.2% compared to the December 2022 total of $43.6 billion and 18.5% less than the January 2022 total of $50.7 billion, according to the Semiconductor Industry Association.