Circuits Assembly Online Magazine - News

ELKHART, IN – CTS Corp. reported fourth-quarter revenues of $138.3 million, down 4% year-over-year.

SAN JOSE – Sanmina-SCI Corp. reported first-quarter revenue of $1.49 billion, down 0.67% year-over-year, and down 5.7% sequentially.

FRAMINGHAM, MA – The worldwide mobile phone market grew 1.9% year-over-year in the fourth quarter on strong holiday smartphone sales, says International Data Corp.

SHENZHEN – Nam Tai Electronics reported fourth-quarter 2012 net sales of $468.5 million, up 263% year-over-year.

BANGKOK -- Cal-Comp Electronics, the world's sixth largest EMS company, is expected to post strong profits growth on higher demand for consumer electronics.

WUZHOU, GUANGHXI ZHUANG, CHINA -- Apple reportedly has cut ties with one of its printed circuit board makers here following a spate of violations involving use of underage workers.

HAWTHORNE, CA -- OSI Systems' Optoelectronics and Manufacturing division saw revenues and operating income increase 12% and 23%, respectively, over last year, the company said today.

SAN JOSE— North America-based semiconductor equipment manufacturers reversed course in December, posting a 28.6% sequential increase in orders.

VELLINGE, SWEDEN -- PartnerTech today lowered its revenue and profit guidance for its fourth quarter, citing postponed or sharply decreased volumes from a number of customers. The company is instituting a series of plant consolidations and layoffs as a result.

PLAYA VISTA, CA -- Belkin will acquire the home networking business unit of Cisco for an undisclosed price, the company said today. The deal, which is expected to close in March, includes the Linksys brand of consumer-based routers.

WASHINGTON -- The US Defense Logistics Agency today issued a brief instituting DNA marking for any company that seeks to supply electronics components deemed to be high counterfeit risks.