NEW CANAAN, CT – Private equity firm J.H. Whitney Capital Partners has joined with Autosplice’s existing management to acquire the electronic interconnect solutions provider.

Day-to-day operations of Autosplice will remain in their current locations, and there will be no changes to Autosplice’s management.

No financial terms of the purchase were disclosed.

TAIPEI – Foxconn Electronics posted revenues of $7.92 billion for July, up 17% year-over-year and 0.45% sequentially.

MINNEAPOLIS – Electronics manufacturing services provider Nortech Systems reported net sales of $27.8 million for the second quarter, up 13% year-over-year.
Net income was $146,000, down slightly from $147,000 in the second quarter of 2010.

For the six months ended June 30, Nortech reported net sales of $56.8 million, up 22% year-over-year.

Net income for the same six-month period was $772,000, up 219% year-over-year.

“Our two newest acquisitions led the sales growth for industrial and medical customers,” said Mike Degen, president and CEO.

For Nortech’s defense customers, Degen said the second quarter saw federal funding emerge on several key programs that had been originally scheduled for earlier in the year. During the second quarter, the company’s 90-day backlog for defense customers increased 44% to $4 million.

Nortech’s overall 90-day backlog on June 30 was $22.8 million, up 14% from the start of the quarter.

Degen said the company’s core, non-acquisition revenue decreased slightly during the quarter, resulting in part from some softening in the long-term outlook for semiconductor capital equipment spending.

LAGUNA, PHILIPPINES – Integrated Micro-Electronics Inc.'s second-quarter net profits slipped 27% despite a big jump in revenue.

SCOTTSDALE, AZ — Intense competition for power and water resources will boost demand for smart meters, a new research report finds.

TORONTO – Electronics manufacturing services provider SMTC Corp. today reported second-quarter revenue of $48.8 million, down 13% sequentially and down 31.5% year-over-year.

GAINESVILLE, GA – Count On Tools expanded its manufacturing operations at its headquarters here, as a response to a growing market for SMT nozzles and consumables.

COT recently converted 1200 ft2 of additional warehouse space into a new production cell for the company’s contract machining division.

Additionally, the firm purchased another 20mm Swiss Turning Center to increase production capabilities and lower product lead times.

The Swiss Type Lathe offers turning, milling and cross drilling from a combination of power systems, main-spindle, sub-spindle, front-end tool, rear-end tool, C-axis and driven tools.

COT provides precision components and SMT spare parts.

RICHARDSON, TX – EMS firm Automated Circuit Design has created a virtual PCB layer overlay for CAM and Gerber checks.

Using post script and photo editing software, ACD is able to simulate paper in black and white, and change the opacity and force a vellum appearance. Designers are able to change the pages they view and simulate a “pinched paper slide.”

Using a 42" LCD display, ACD is now able to view plots in actual size; the software permits designers to zoom in to verify tight areas.

The company has two work stations set up, permitting simultaneous reviews. They can verify high profile designs and not threaten a start date in fabrication.

HANOVER, GERMANY – Viscom AG has increased its 2011 revenue forecast 17% on higher-than-expected orders.

The AOI and SPI equipment manufacturer now expects revenue of between approximately $70 million and $75 million. The company cited a large volume of incoming orders and a steep rise in recognized revenue in the first half.

The firm reported continued strong demand for optical and x-ray inspection, particularly for automotive products.

Viscom also has won additional accounts in North America and Asia, the firm says.

ST. LOUIS -- Viasystems today reported its contract assembly operations saw a 27% jump in second-quarter revenues on higher demand from almost all sectors.

LOUISVILLE, KY -- Sypris Solutions' second-quarter net loss tightened to $1.6 million, versus a net loss of $4.3 million last year.

NEWARK, NY -- Contract assembler IEC Electronics reported fiscal third-quarter net income rose 7% to $1.33 million.