CEBU CITY, PHILIPPINES — Celestica will shutter its manufacturing plant here by the end of August and lay off 800 workers, according to local reports.
SAN JOSE -- Flextronics is among several Nortel Networks creditors calling for changes to the beleaguered telecom OEM's planned sale of certain wireless assets to Nokia Siemens Networks.
PARIS -- The electronics industry produces some €1.14 trillion worth of product last year, making it the world' second largest market, behind automotive, says a new research report.
SAN JOSE – The worldwide electronics manufacturing services market grew 12.5% last year, while the assembly market rose only 0.5%, according to Electronic Trends Publications.
2009 will see a steady drop, but the EMS market will surge again in 2010, as a result of outsourcing, says ETP.
The research firm says electronics assembly reached $964 billion last year, and will reach more than $1.2 trillion in 2013. The firm says the EMS industry will increase from $294 billion in 2008 to $435 billion in 2013.
STAMFORD, CT – Worldwide PC shipments will drop 6% in 2009 to 274 million units, says Gartner Inc. in a revised forecast.
The firm had predicted a decline of 6.6% in May, and a 9.2% drop in March.
Gartner expects a 10% decrease in the second and third quarters, but predicts growth in the fourth quarter compared to 2008.
The firm also expects shipments to increase 10.3% in 2010.
Netbooks are expected to reach 21 million units in 2009 and 30 million next year, the firm says.
Gartner forecasts mobile PC units to increase 4.1% in 2009, but expects revenue to fall 12.8%. Desktops are expected to decrease 15.7%, with a 26.6% drop in spending.
WASHINGTON – Manufactured goods orders to US factories rose 1.8% in May, matching growth in April, the Commerce Department says.
This is a strong improvement over the economists’ expectation of a 0.6% decline.
Non-defense capital goods orders were up 4.8%, the largest increase in nearly five years.
Excluding transportation, durable goods orders were up 1.1% in May. Transportation products demand rose 3.6%, with commercial aircraft orders surging 68.1%.
However, demand for motor vehicles and parts dropped 8.1%. Machinery orders increased 7.7%, and demand for computers and related products rose 9.4%, say published reports.
Nevertheless, new home sales fell 0.6% during the month, the Commerce Department says. Sales were down nearly 33% year-over-year.
BANNOCKBURN, IL – North American PWB shipments in May dropped 32.2% year-over-year, while orders decreased 24.8% compared to May 2008, says IPC.
HONG KONG – Dow Epoxy, a business unit of The Dow Chemical Company, will increase prices for its epoxy resins in Asia Pacific.
Effective July 1, the firm will increase the prices for its liquid, liquid blend, solid, solid solution, brominated epoxy resin and epoxy novolac resin products by $100/MT.
The increase will be implemented immediately as contracts allow.
KENT, UK – April semiconductor sales were up 15.6% sequentially, says Future Horizons. March numbers were down 7.6%.
April showed the best sequential growth since the same month in 1955, according to the research firm’s recent report.
ST. PETERSBURG, FL – Jabil Circuit Inc. today reported fiscal third-quarter 2009 net revenue of $2.6 billion, down 16.1% year-over-year.
Net loss for the quarter was $28.8 million compared to net income of $38.4 million for the same quarter last year.
EL SEGUNDO – First-quarter global PC shipments amounted to 66.5 million units, down 8.1% year-over-year, and a 14.4% drop sequentially, says iSuppli Corp.