WASHINGTON, DC — The Semiconductor Industry Association gave its approval to President Obama’s commitment to growing America’s innovation economy and outlined ways Congress and the Administration could support the tech sector.
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RICHARDSON, TX ― EMS firm ACD today said sales rose 21% year-over-year in 2011, making it the most successful in the company’s 27-year history.
GLENVIEW, IL -- Illinois Tool Works today reported fourth-quarter revenues for its Power Systems and Electronics segment increased 16%, despite an aggregate 7.7% drop in revenues for its electronics businesses.
FAIRFAX, VA -- The US Navy has awarded ManTech International a $91 million task order to provide communications technology and engineering services. The task order was awarded under the SeaPort Enhanced contract; it has a one-year base period of performance with four option years.
BANNOCKBURN, IL – IPC’s biennial wage and salary survey for the EMS industry shows a cautious uptick in salary increases in 2011, compared to 2009, the firm says.
WASHINGTON -- New orders for manufactured durable goods in the US increased 3% to $214.5 billion in December on strong demand for new aircraft.
AUSTIN, TX -- Venkel recently released two infographics that touch on the prevailing environmental compliance issues in the electronics industry.
WHITEWATER, WI -- Contract assembler Universal Electronics says business is up on demand for flex circuits, which the company says is growing close to 20% year-over-year.
TORONTO – Electronics manufacturer Celestica reported $69.2 million in net income in the fourth quarter ended Dec, 31, up 80.2% year-over-year.
Revenue was $1.75 billion, down 6.9% compared to the same period last year.
“Celestica continued to deliver strong operating results in the fourth quarter, despite the volatility in customer demand,” said Craig Muhlhauser, president and CEO. “Celestica delivered solid revenue and earnings growth and strong return on invested capital in 2011, finishing the year with the best net cash position among our major North American competitors.”
The EMS company guided for first-quarter revenue of $1.6 billion to $1.7 billion.
"Given the economic uncertainty going into 2012, we remain focused on making our customers successful by delivering the quality, speed and flexibility they require in this challenging environment, while continuing to execute our strategy and deliver strong and consistent financial returns," Muhlhauser said.
For the year, Celestica netted $195.1 million, up 9.3%, on a 10% gain in revenue to $7.21 billion.
ST. PETERSBURG, FL -- Jabil CEO Timothy Main today called out Foxconn's employment track record, deeming it "abusive" and asserting it will cost the Taiwanese EMS firm down the road.
ELKHART, IN -- CTS today announced fourth-quarter EMS sales decreased 8% year-over-year, in part caused by flooding in Thailand that damaged a company plant.
GLASGOW – European Circuits said today its plans for the first phase of a small expansion have been approved.
The first phase involves extending the existing mezzanine floor at the front of the building, increasing floor space by approximately 2,000 sq. ft. for new offices and a conference room.
Work is expected to start toward the end of February, with a completion date around May.
The printed circuit board fabricator and assembler also plans to expand its assembly area by about 1,500 sq. ft.
Phase 2 is planned for later this year.
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