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News

AESCH, SWITZERLAND -- SMT process equipment supplier Essemtec today said March sales were up 15% and "the bottom has been reached."

MALMO, SWEDEN -- PartnerTech reported first-quarter net sales of fell 3% from a year ago to SEK 594.2 million (US$71.1 million).

TORONTO -- Celestica Inc. reported first-quarter revenue of $1.47 billion, down 20% from a year ago on weaker end-market demand.

SAN JOSE – Sanmina-SCI Corp. reported fiscal second-quarter revenue of $1.2 billion, down about 14.3% sequentially.

TAIPEI -- A recent fire at Foxconn Electronics' Juarez, Mexico, plant will not affect supply, the company said today.

NEW YORK -- Dover Corp.’s March quarter sales plunged 26% year-over-year as demand for its core products dried up.

AUSTIN – March shipments of large-area TFT LCD panels reached 37.9 million units, up 29% sequentially, according to DisplaySearch.

STOCKHOLM -- NOTE AB, a top 50 EMS company, reported March quarter sales of SEK 329.1 ($38.6 million), down 23% from a year ago.

BROMMA, SWEDEN -- Micronic Laser Systems will acquire Mydata Automation in a stock-based deal. The combined company will have annual revenues of approximately SEK 1.2 billion ($140 million) and 640 employees.

RENO, NV – Semiconductor sales will jump 17% year-over-year in 2010, almost making up for a drop of 17% this year, says Databeans.

The chip market, which fell 3% last year to $248.6 billion, should just top $200 billion this year. However, says the research firm, this slump looks different from 2001, and the market will rebound much more easily this time around.

By 2011, IC revenue will reach $269.1 billion, outdoing 2007, says Databeans.

EL SEGUNDO, CA – Once the world’s fastest-growing chip manufacturing region, China hit an all-time low in the first quarter, with nearly 60% of the nation’s semiconductor manufacturing capacity unused, according to iSuppli Corp.

ARLINGTON, VA -- The Consumer Electronics Association today signaled its approval of Virginia secretary of technology Aneesh Chopra as the first US chief technology officer.