ST. LOUIS -- BAE Systems awarded LaBarge a $6.1 million add-on contract to produce electronics assemblies for the Advanced Gun System.

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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.

 

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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

 

TISZAUJVAROS, HUNGARY – Jabil Circuit will hire 600 to 700 workers at its plant here as demand for new products ramps, according to a local paper.
 
Zoltan Kiraly, CEO of Jabil’s Hungarian unit, told the newspaper the firm might hire even more employees next year.
 
Jabil had laid off 900 at the site in February as orders fell.

HELSINKI – Ailing EMS firm Elcoteq will receive a cash infusion of China-based Kaifa of up to 50 million euros ($71 million).
 
In a press release today, Elcoteq said it would receive the cash from Kaifa, part of China Electronic Corp., in exchange for an undetermined number of shares. The deal would make CEC its largest shareholder, with a stake of at least 30%. The total size of the investment depends on the successful restructuring of Elcoteq's debt, with a final agreement expected to be signed in the third quarter.
 
The world’s sixth largest EMS company at the end of 2008, Elcoteq’s second-quarter sales dropped more than 50% to 436 million euros and the company posted an operating loss of 11.5 million euros in the second quarter. It was hurt by Nokia’s decision to build products in-house for the foreseeable future.
 
CEC has been Elcoteq's joint-venture partner in China since 2002. .
 

PORTO ALEGRE, BRAZIL – CEITEC S.A., a developer and producer of application-specific ICs, has opened Latin America’s first IC design center.
 
The company will add 60 engineers who will design RFID, digital media and wireless communication chips for its fabrication facility now ramping up for production.
 
The Brazil government’s total investment is almost $210 million.
 
Newly appointed CEITEC president Eduard Weichselbaumer will lead the firm’s efforts developing markets for the chips.

 

GLENVIEW, Ill. (AP) -- Illinois Tool Works reported second-quarter revenue dropped 26% year-over-year to $3.39 billion, and earnings fell 67% to $176.6 million.

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SAN JOSE – The 90-day moving average orders for North America-based semiconductor equipment manufacturers was $323.4 million in June continuing the sector's five-month long recovery.

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TORONTO -- Adeptron Technologies has signed a deal to provide electronics manufacturing services to a major division of an OEM of scientific instruments and laboratory automation and integration equipment. The deal will be worth $1 million in 2010, with sales having already started in 2009.

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