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.

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.