BANGKOK – Fabrinet reported $668.7 million in revenue for the second quarter of its fiscal year, an increase of 18% compared to the $566.6 million for the same quarter last year.

WASHINGTON – Global semiconductor industry sales totaled $573.5 billion in 2022, the highest-ever annual total and an increase of 3.2% compared to the 2021 total of $555.9 billion, according to the Semiconductor Industry Association.

PEACHTREE CITY, GA – CIRCUITS ASSEMBLY today opened registration for its annual Service Excellence Awards (SEAs) for EMS providers and electronics assembly equipment, material, service, and software suppliers.

NEEDHAM, MA – Worldwide tablet shipments posted flat growth of 0.3% year over year in the fourth quarter of 2022, totaling 45.7 million units, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. For the full year 2022, the tablet market saw a decline of 3.3% year over year, ending two years of solid growth although shipments remain well above pre-pandemic levels. Meanwhile, Chromebook shipments continued to contract in 4Q22 with shipments totaling 3.6 million units for a year-over-year decline of 24.3%. Shipments for the full year were down 48% in 2022 after seeing 180.5% growth in 2021.

TORONTO – Contract manufacturer Celestica is laying off 44 workers at its Silicon Valley facilities.

BANNOCKBURN, IL – Some 75% of electronics manufacturers are experiencing rising material costs, while 74% indicate that labor costs are on the rise, according to IPC’s January Sentiment of the Global Electronics Manufacturing Supply Chain report. At the same time, profit margins, inventory from suppliers and ease of recruitment are presently declining, though ease of recruitment is rising at a faster pace in APAC and Europe than in North America.

GLENVIEW, IL – ITW's Test & Measurement and Electronics segment saw $732 million in revenue for the fourth quarter, marking a 10% increase from the fourth quarter of 2021.

TEMPE, AZ – Benchmark Electronics announced fourth quarter revenue of $751 million, a 19% increase from the fourth quarter of 2021.

STAMFORD, CT – Worldwide shipments of total devices (PCs, tablets and mobile phones) are projected to decline 4.4% in 2023, to total 1.7 billion units, according to Gartner, Inc. In 2022, the devices shipment market declined 11.9%.

SPOKANE VALLEY, WA – For the second quarter of its fiscal year, Key Tronic Corporation reported revenue of $123.7 million, compared to $134.5 million in the same period of fiscal year 2022.

SHIPPENSBURG, PA – Niche Electronics, an electronics manufacturing services company based in southcentral Pennsylvania, has announced the purchase of Waltham, MA-based L-Tronics, Inc.

SAN JOSE, CA – Sanmina announced revenues of $2.36 billion for its first fiscal quarter.