TӒBY, SWEDEN — A strong performance by Mycronic's Pattern Generators division has led to an increase in net sales and earnings for the third quarter of 2022. During the third quarter, the company's order intake increased by 30% to SEK 1.609 (US $1.242) million, while net sales increased by 23% to SEK 1.214 (US $986) million.

Note continues to see growth in its sales and operating profit, according to the company's Interim Report for July-September 2022.  The company's sales increased by 36% for the third quarter of the year, and by 45% since the beginning of the year. Note's operating profit increased by 37% for the quarter and by 53% for the year. 

NEW DELHI — Optiemus Electronics will open a new factory for wearables in Noida by the end of December as part of its strategy to expand capacity to meet growing demand for smartwatches and truly wireless stereo (TWS) earbuds, said director Nitesh Gupta.

HELSINKI — Incap is estimating that its revenue, operating profit and adjusted operating profit for 2022 will be significantly higher than in 2021. According to the company, the increase in the revenue and operating profit estimate is driven by improved visibility related to the customers' forecasts and Incap's own assessment of the business development.

The estimates are given provided that unexpected events impacting Incap’s business environment do not occur, for example, in the availability of components.

Previously, Incap estimated that its revenue, operating profit (EBIT) and adjusted operating profit (EBIT) for 2022 would be clearly higher than in 2021.

Incap’s business review for January–September 2022 will be published Oct. 27.

Jacksonville, IL – Foxhole Group, a private investment firm focused on the industrial sector, has announced the addition of quick-turn and Low Volume High Mix capabilities to its CCK Automations platform by acquiring two PCB assembly businesses. Completed as separate transactions, the CCK family of businesses added added OSDA, a quick-turn prototype PCBA shop in Milford, CT as well as Argo EMS, an LVHM business in Clinton, CT.

DEEP RIVER, CT -- Inventec Performance Chemicals USA has filed a lawsuit in US District Court here against Optimal Services, Amtech Manufacturing and various other related entities, asserting violation of federal laws governing unfair competition, false designation of origin and false advertising, and violation of the Connecticut Unfair Trade Practice Act, arising from the alleged unauthorized use of Inventec USA’s trademarks.

ALPHARETTA, GA -- Continuing a decline that started in May 2022, the ECIA Electronic Component Sales Trend index dropped again as it fell from 86.0 in August to 82.3 in the September measurement, but the results varied widely by product segment, the trade group said.

ENFIDHA, TUNSIA -- Zollner Elektronik AG has announced that it is opening an additional electronics manufacturing site on the east coast of Tunisia. The company plans to start production in Enfidha at the beginning of 2023 in a building it has leased while construction is underway on a new facility at the same location.

STOCKHOLM -- Note took charges of SEK 30 million ($2.7 million) for potential bad debt after one of its UK customers applied for that nation's form of bankruptcy protection.

PEACHTREE CITY, GA — OCT. 13, 2022 — Nearly 2,000 industry professionals, representing some 35 countries, registered for the PCB West conference and exhibition held last week, the Printed Circuit Engineering Association announced today. The technical conference saw its highest registration in more than 10 years.

ZURICH -- The merger of GPV, Denmark’s largest electronics manufacturer, and Swiss-headquartered Enics was completed Monday.

CHENNAI, INDIA -- Pegatron today inaugurated an electronics assembly facility here that could employ up to 14,000 workers at full capacity.