Latest News
SAN JOSE -- Flextronics has reportedly agreed to the sale of Nortel's wireless technology assets to Ericsson, paving the way for the deal to be finalized.
ELKHART, IN – CTS Corp. today reported second-quarter revenues of $120.4 million, down 35.4% year-over-year, and up 2% sequentially.
REDMOND, WA – Data I/O Corp. reported second-quarter revenues were $3.9 million, down 51% year-over-year and 11% sequentially.
NEW YORK – Dover Corp. reported revenue for the second quarter was $1.4 billion, down 31% over the prior-year period.
TORONTO -- Celestica reported second-quarter revenue fell 25.2% to $1.4 billion, in line with the company's April guidance.
TOKYO -- The 90-day moving average orders for Japan-based semiconductor equipment manufacturers was 35.6 billion yen ($377.3 million) in June, up 37% over the revised May figures.
AUSTIN – June shipments of large-area TFT LCD panels set a new high for units, even though pricing pressure tamped revenues.
Shipments for the month reached record 46.7 million units, up 8% sequentially and 24% year-over-year, says DisplaySearch.
However, while revenues were up 14% sequentially, to $5.3 billion, they were 17% lower than June 2008.
On a unit basis, LG Display was the leader with 24.5% share, followed by Samsung with 24.1%, and AUO with 16.6%.
June’s shipments indicate a continuation of the large-area TFT LCD industry’s recovery, says the research firm. DisplaySearch forecasts shipments will increase again in July, but at a slower rate. The panel supply situation will continue to tighten in July and August, which will result in higher revenues.
All three major applications – notebook PC, monitor and TV – showed sequential growth. DisplaySearch found LCD TV panels had the highest year-over-year growth at 57%, followed by notebook panels at 19%, and monitor panels at 12%.
Notebook PC and LCD TV panel shipments both reached monthly record highs, with 14.7 and 13.1 million units, respectively.
Large-area TFT LCD shipments reached 7.1 million m2 in June, up 7% sequentially and 32% year-over-year, the largest amount yet, says the firm.
TV panels mainly drove the growth in shipment area. Samsung led in area shipments with a 27.2% market share, followed by LG Display at 24.9%, CMO at 16.5%, and AUO with 15.6%.
Mini-note panel shipments were 3.5 million in June, also an all-time high. HannStar took back the lead from AUO with 956,000 units, passing AUO’s 920,000.
ESPOO, FINLAND – Elcoteq's second-quarter net sales totaled 436 million euros, down 7% sequentially and 52% year-over-year.
The operating loss was 11.5 million euros, compared to an operating loss of 38.3 million euros in the first quarter, and operating income of $600,000 last year. Personal communications contributed 59% of the firm’s net sales, with home communications making up 16% and communications networks 25%.
Personal communications' net sales have decreased from last year mainly due to manufacturing reallocation decisions made by Nokia, says Elcoteq.
As previously reported by CIRCUITS ASSEMBLY, Elcoteq plans to sell the majority of the machinery, equipment and materials of its Tallinn, Estonia, manufacturing operations to Ericsson. The agreement includes the transfer of the lease agreement. The transaction value is approximately 30 million euros. The deal includes 1,200 of Elcoteq's 1,600 employees in Tallinn.
Third-quarter net sales are expected to decrease slightly sequentially, due to the partial Tallinn business transfer to Ericsson.
1 euro = US$1.4243
Press Releases
- SMTXTRA Partners with Quantum Systems to Expand Representation in Key Territories
- KYZEN Announces Exclusive Partnership with Manufacturers’ Representative Restronics Florida
- Koh Young will Showcase its Award-winning Inspection Solutions at SMTconnect with SmartRep in Hall 4A.225 on 11-13 June 2024 in Nuremberg, Germany
- Precision Automation & Assembly Appointed as New England Rep for Kubler US