Latest News
SAN JOSE -- The world market for selective soldering equipment is projected to exceed $43.8 million by 2015, according to a new study by Global Industry Analysts.
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GOTEBORG, SWEDEN -- FlexLink reported second-quarter net sales were up 19% to $44 million.
NEWARK, NY -- IEC Electronics reported fiscal third-quarter revenue rose 50.9% to $26.1 million on acquisitions and strong organic sales.
ST. LOUIS – Viasystems Group reported second-quarter sales of $239.4 million doubled compared to the same quarter last year, boosted by organic growth and the company’s acquisition of rival Merix in February.
EMPALME, MEXICO – EMS provider EE Technologies Inc. will expand its Empalme, Sonora production facility from 17,227 sq. ft. to 38,628 sq. ft.
It anticipates the growth will generate an additional 50 to 100 jobs.
“Our diversification efforts over the last few years have resulted in serving new industries, including automotive, medical and aviation, while still serving our gaming, industrial and education customers,” said EET’s president, Sonny Newman.
STAMFORD, CT — Worldwide PC shipments reached 82.9 million units in the second quarter, a 20.7% increase from last year, according to preliminary results by Gartner.
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VELLINGE, SWEDEN -- PartnerTech reported second-quarter net sales of SEK 524 million ($71.8 million), up 1% from SEK 519.5 million last year.
DANDERYD, SWEDEN -- Top 60 EMS provider Note Ab reported June quarter sales of SEK 298.6 million ($40.9 million), down from SEK 312.1 million a year ago.
WILTSHIRE, UK – Contract manufacturer Exception refinanced, securing new facilities and reducing the legacy balance sheet debt by £12.7 million. The deal with Lloyds Banking Group was final June 30.
The firm aims to increase its annual revenues to £70 million over the next two to three years, from last year’s low of £45 million.
“The deal puts Exception in a very strong position for future growth, as it provides new working capital facilities with excellent cash headroom. Most significantly, it improves our debt/equity ratio from 2.3 to just 0.2, having removed £12.7 million of debt from the business, leaving a £2 million term loan repayable over five years,” said CEO Craig Wright.
The company, which employs 350, also recently signed a number of new contracts worth over £5 million per year for its contract manufacturing and bare board operations.
Exception predicts strong growth for its outsourcing services from the green energy, oil and gas, measurement, process control and medical equipment markets.
During the first half of 2010, Asian-manufactured PCB orders grew 20%.
WILSONVILLE, OR — Mentor Graphics today called for entries of its 22nd annual Technology Leadership Awards competition, continuing its tradition of recognizing excellence in printed circuit board design.
SCHAUMBURG, IL -- Sparton Corp.'s purchase of the contract manufacturing business of Delphi Medical Systems is being hailed as a smart, low-risk move by some analysts.
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SAN JOSE – The International Electronics Manufacturing Initiative is sponsoring the Alternative Energy Workshop here Oct. 20-21.
The Cisco-hosted workshop will focus on the technology challenges and standardization gaps affecting deployment of alternative energies, and identify issues that can best be solved by the electronics industry working in cooperation with the energy sector.
Through this workshop, iNEMI plans to identify areas where the electronics industry can have the greatest impact on closing alternative energy technology gaps; within those areas, identify standardization issues and technology needs best solved by consortial activities, and form action groups to propose and execute the required collaborative programs.
Speakers represent diverse green energy technologies, including wind, solar (PV, CPV, CSP, etc.), smart grid, energy storage/power conditioning, and solid state lighting.
The early bird registration deadline is Sept. 20. For an agenda and to register, visit http://www.inemi.org/cms/calendar/Energy_WS_Oct2010.html.
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- The Assembly Show and SMTAI Announce Colocation in October
- SIA Applauds CHIPS Act Incentives for GlobalWafers Projects in Texas and Missouri