STOCKHOLM — Note expects to see SEK 1 billion (US $98 million) in revenue this quarter, which would mark the first time the company has met that amount in a single quarter.

TAIPEI — Amid geopolitical tensions between China and the US, more original design manufacturers will be shifting their production operations away from mainland China, according to a report from TrendForce.

HONG KONG — Season Group, an international electronics design and manufacturing services provider headquartered in Hong Kong with sites in China, Malaysia, Mexico, and the UK, has announced the acquisition of all assets of Pycom Ltd.

BILLINGSTAD, NORWAY — Kitron reported that it expects to see revenues of NOK 6.7-7.3 billion (US $686-$748 million) in 2023, based on strong current demands.

TOKYO — Global sales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a new high of $108.5 billion in 2022, rising 5.9% from the previous industry record of $102.5 billion in 2021, SEMI announced in its Year-End Total Semiconductor Equipment Forecast – OEM Perspective at SEMICON Japan 2022.

MILPITAS, CA — The worldwide semiconductor industry is projected to invest more than $500 billion in 84 volume chipmaking facilities starting construction from 2021 to 2023, with segments including automotive and high-performance computing fueling the spending increases, SEMI announced in its latest quarterly World Fab Forecast report. The projected growth in global factory count includes a record high 33 new semiconductor manufacturing facilities starting construction this year and 28 more in 2023.

GAITHERSBURG, MARYLAND — Patton, a US manufacturer and designer of technology products, has announced that its onshore manufacturing service is now available to customers in communications, robotics, aerospace, healthcare, defense, power and security sectors.

ELK GROVE VILLAGE, IL — SigmaTron International reported revenues of $108.7 million in the second quarter of fiscal year 2023, an 8% growth from the $100.2 million in revenues for the same quarter last year.

BEIJING — Foxconn Technology Group has invested $500 million in its Indian subsidiary, as the world's largest Apple contractor makes moves to diversify its supply chain after China’s stringent pandemic controls disrupted production at its top iPhone plant in Zhengzhou.

BANNOCKBURN, IL — Eighty percent of electronics manufacturers are experiencing rising material costs, while 77% indicate that labor costs are on the rise, according to the IPC's November Sentiment of the Global Electronics Manufacturing Supply Chain report. At the same time, ease of recruitment, profit margins, and inventory from suppliers are presently declining.

BENGALURU — Foxconn's founder-director Terry Gou warned China that the government's zero-COVID stance would threaten the position China's economy in the global supply chain, which played a major role in convincing the country's leadership to reopen the economy and move away from its zero-tolerance COVID-19 policy, the Wall Street Journal reported.

BILLINGSTAD, NORWAY — With strong demand and easing supply restraints, Kitron has raised its full-year 2022 revenue outlook to NOK 6.45-6.55 billion (US $645-655 million). Operating profit is expected to be between NOK 440-470 million ($44-47 million).