TALLINN, ESTONIA -- LM Ericsson will acquire part of Elcoteq's manufacturing operations in Tallinn for EUR 30 million, pending regulator approval, the companies said today.
TOKYO -- Japanese semiconductor equipment makers reported orders jumped 22% in May. It was the third straight month of growth, suggesting demand is returning.
MINNEAPOLIS -- CyberOptics founder and chairman Steven K. Case was killed last night when the small plane he was piloting crashed while trying to land at a suburban Minneapolis airport.
HONG KONG -- Eighty-nine percent of mainland China's electronics component distributors expect revenue to grow in 2009, forecasting an average increase of 13%; while 55% of mainland China electronics manufacturers surveyed said the economic downturn has had little or no impact on their business.
CAMBRIDGE, MA -- A study of stickers peeling from windows could lead to a new way to precisely control the fabrication of stretchable electronics, according to a team of researchers including one at the Massachusetts Institute of Technology.
TOKYO – Shipments of SMT process and assembly equipment fell 81% during the first quarter, according to the Japan trade group that tracks the data.
SAN JERONIMO, CHIHUAHUA, MEXICO -- Although no longer talking about employing 30,000 workers here, Foxconn (Hon Hai) plans to have 7,500 employees in place by fall, according to published reports.
GLENVIEW, IL -- Illinois Tool Works' Power Systems and Electronics unit's May quarter sales fell 37.1% year-over-year, the company reported today.
ENDICOTT, NY -- Endicott Interconnect Technologies has acquired the assets of eV Products Inc., a maker of x-ray and gamma-ray detectors. Financial terms were not disclosed.
ARLINGTON, VA -- The 30-day average orders of electronics components leveled in May, offering hope for the coming months.
TAIPEI -- Foxconn Electronics (Hon Hai) reported non-consolidated revenues fell 11.2% year-over-year to NT$91.7 billion (US$2.8 billion) in May.