Circuits Assembly Online Magazine - News

Latest News

LONDON – Revenues for semiconductors in the industrial sector exceeded those in the automotive sector for the first time in 2008, says Semicast Research.

TAIPEI – Foxconn Electronics (Hon Hai Precision Industry) reported April revenues of NT$94.4 billion, down 8.23% sequentially and 8.22% year-over-year.

SHENZHEN -- Nam Tai Electronics reported first-quarter revenues fell 30.6% from a year ago to $102.2 million.

BILLINGSTAD, NORWAY – Top 40 EMS firm Kitron’s revenue was NOK 571.2 million in first quarter of 2009, up 15.4% year-over-year.

SALT LAKE CITY -- Huntsman reported a first-quarter revenue drop of 33% from last year to $1.69 billion as demand for chemicals tanked.

CHICAGO – Just six EMS-related transactions were completed in the first quarter, down from 13 a year ago, according to a top industry M&A advisor.

DUSSELDORF, GERMANY – Henkel Corp.’s first-quarter sales were 3.3 billion euros, up 3.1% sequentially, on the acquisition of the National Starch businesses in April 2008.

TAIPEI -- Compal Electronics said notebook PC shipments during the current quarter would be higher than previous company forecasts, but said the cloudy economic conditions still remain.

JASPER, IN -- Kimball International's EMS sales fell 22% year-over-year in its fiscal third quarter to $140 million as the recession took its toll.

MIKKELI, FINLAND -- Savcor Group Oy has acquired a 63% stake in Cencorp Oyj, a provider of end-of-line automation equipment.

SAN JOSE -- A survey of more than 230 electronics supply chain decision-makers suggests the bottom of the market has not yet been reached.

NEWTON, MA -- Revenue from sales of automotive electronics will fall 14.5% this year before rebounding sharply in 2010, according to new research.