TVER, RUSSIA – Jabil shut down operations at its site here, notifying some 90 Russian staff, according to reports.

TAIPEI – Foxconn will no longer send a representative to sit on the board of Innolux, according to reports.

AUSTIN, TX – 2021 was a record year for the semiconductor industry and OSAT revenues, but the outlook for 2022 is less certain, according to new data from TechSearch International.

PATHUMTANI, THAILAND – SVI Public Co. posted first quarter consolidated sales of THB 5.7 billion (US$165.2 million), an increase of 65.2% year-over-year and 0.4% sequentially.

WAYZATA, MN – Nortech Systems reported first quarter net sales were $30.7 million, up 38.9% year-over-year, driven primarily due to higher production volume, as well as price increases to counteract higher material and labor cost. The company says it has scaled the direct labor workforce and strengthened the supply chain for parts.

SAINT-HERBLAINE, FRANCE – Lacroix Group reported Electronics segment first quarter revenue of €122.1 million, up 41% year-over-year.

SANTA CLARA, CA – Henkel opened an application center here designed to support product development for the company’s high-tech customers in the Silicon Valley region. The facility will help expedite proof-of-concept initiatives for electronics advances.

LYON, FRANCE – DRAM is expected to grow to $118 billion, up 25% in 2022, according to Yole Développement. NAND flash memory will reach $83 billion, up 24%. Both are records.

SPOKANE VALLEY, WA – Key Tronic Corp. posted fiscal third quarter revenue of $138.4 million, up 3% year-over-year.

JASPER, IN – Kimball Electronics reported fiscal third quarter net sales increased 18.6% year-over-year to $368.1 million. Foreign currency had a 2% unfavorable impact on net sales compared to the same period a year ago.

DALLAS, TX – CalcuQuote has launched a beta version of StockCQ, a peer-to-peer platform for OEM and EMS companies to directly trade inventory with each other.

BANNOCKBURN, IL — Nine in 10 electronics manufacturers surveyed are currently experiencing rising material costs, while nearly four-fifths are experiencing rising labor costs, according to new data from IPC.