Latest News
SAN JOSE – The Semiconductor
Industry Association is lauding the $15 billion set aside for funding scientific research programs as part of the American Recovery and
Reinvestment Act (HR 1) now headed for President Obama’s desk.
The bill includes significant funding increases for the National Science Foundation, the National Institute for Standards and Technology, the Department of Energy Office of Science, and the Advanced Research Project Agency-Energy.
HONG KONG -- Surface Mount Technology (Holdings) Inc. reported a December quarter loss of HK$2.9 million on a 24% drop in revenue to HK$573.7 million.
SIOUX FALLS, SD – Raven Industries today said fourth quarter sales would
likely fall short of previous guidance. On the whole, Raven expects to report a
22% decline in fourth quarter net income on a 3% rise in sales.
CHENNAI -- Jabil
Circuit reportedly will relocate its Nokia assembly programs currently in Chennai to China.
According to the report, Jabil will end its operations in the Sriperumbadur corridor by March 31. The fate of the site's 600-some workers is not clear. Jabil has not commented on the reports, and government officials have not received any preliminary paperwork from Jabil notifying the state of pending closures.
Jabil reportedly invested over $100 million in the facility.
According to the report, Jabil will end its operations in the Sriperumbadur corridor by March 31. The fate of the site's 600-some workers is not clear. Jabil has not commented on the reports, and government officials have not received any preliminary paperwork from Jabil notifying the state of pending closures.
Jabil reportedly invested over $100 million in the facility.
ARLINGTON, VA -- Electronic component orders fell in January for the third
consecutive month, according to the monthly index compiled by the
Electronic Components Association (ECA). The 12-month average,
comparing this year’s results to last year’s, continued a descent that
began last summer.
“We might just have to get used to words such as ‘downslide’ for the next several months,” says Bob Willis, ECA president. “Electronic components are the building blocks for all things electronic, so our market is inextricably linked to the economy and spending. Like everyone else, electronic component manufacturers are looking to stay as healthy as possible until better times arrive.”
BANNOCKBURN, IL – A survey of electronics supply chain companies reveals more than 40% say customers have changed sourcing from Asia to North America or Europe in the past two years.
The IPC survey of executives and marketing professionals at EMS, PCB and suppliers in North America and Europe was conducted in November, and 50 companies responded.
According to IPC, 42% of respondents have seen some level of program migration back to the West.
“There has been some speculation recently within the electronic interconnect industry that some customers may be changing their sourcing patterns and shifting some business back to North America and Europe from Asia for a variety of reasons,” said Sharon Starr, director of market research. “The goal of the survey was to confirm this trend, estimate the financial impact on the industry and identify the drivers of the trend. Although the intent was not to produce statistically significant data, we definitely saw some evidence of regional shifts.”
The respondents estimated an average of 2.5% growth in their 2007 and 2008 business was attributable to this trend. Quality concerns was the issue cited most often as the primary driver of this trend. Other key contributors were transportation costs, currency exchange rates, long supply lines and communication difficulties, says IPC.
The IPC survey of executives and marketing professionals at EMS, PCB and suppliers in North America and Europe was conducted in November, and 50 companies responded.
According to IPC, 42% of respondents have seen some level of program migration back to the West.
“There has been some speculation recently within the electronic interconnect industry that some customers may be changing their sourcing patterns and shifting some business back to North America and Europe from Asia for a variety of reasons,” said Sharon Starr, director of market research. “The goal of the survey was to confirm this trend, estimate the financial impact on the industry and identify the drivers of the trend. Although the intent was not to produce statistically significant data, we definitely saw some evidence of regional shifts.”
The respondents estimated an average of 2.5% growth in their 2007 and 2008 business was attributable to this trend. Quality concerns was the issue cited most often as the primary driver of this trend. Other key contributors were transportation costs, currency exchange rates, long supply lines and communication difficulties, says IPC.
NEENAH, WI -- Plexus Corp. is headed to Romania. The EMS company has signed a deal to lease a 72,000 sq. ft. facility in Oradea, on the Hungary/Romania border, its first in the Eastern European nation.
MINNEAPOLIS – CyberOptics will lay off 24 employees and consolidate
manufacturing in Minneapolis, the company said.
MINNEAPOLIS -- CyberOptics today said fourth-quarter sales plunged 55% year-over-year to $6.7 million as the economic slump hit the inspection equipment maker.
CHICAGO -- A federal judge has tossed out the Sherman Act claims in a dispute between Hon Hai Precision Industry (Foxconn) and Molex Inc. over a patent licensing contract between the two companies for a connector used with audiovisual equipment, but has let the other claims stand.
Judge Harry D. Leinenweber of the U.S. District Court for the Northern District of Illinois ruled this week that Hon Hai had not alleged sufficient facts to state a plausible claim.
Judge Harry D. Leinenweber of the U.S. District Court for the Northern District of Illinois ruled this week that Hon Hai had not alleged sufficient facts to state a plausible claim.
KAOHSIUNG, CHINA -- Hon Hai Group plans to hire some 500 software engineers by
May for jobs at its new site in the Kaohsiung Software Technology Park.
Hon Hai chairman Terry Gou has reportedly pledged a minimum NT$1 billion in investments to create 3,000 jobs for software engineers in five years.
Permission was recently been granted to 79 companies to locate in the park.
Hon Hai chairman Terry Gou has reportedly pledged a minimum NT$1 billion in investments to create 3,000 jobs for software engineers in five years.
Permission was recently been granted to 79 companies to locate in the park.
LUXEMBOURG -- Elcoteq SE's December quarter net sales were 889.1 million euros, down 16% from a year ago but up 20% sequentially.
Press Releases
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- Silicon Mountain Unveils New Website to Enhance Customer Experience
- Simbe Announces Partnership with Plexus Corp. to Scale Manufacturing and Meet Global Retail Demand
- Coherix Partners with EMU on "Factory of the Future" Technology Program