News
LIMERICK, IRELAND -- Flextronics plans to lay off at least 100 workers at the Raheen Industrial Estate here, according to published reports.
Flextronics employs 290 people at its warehousing operations in Limerick, where it supplies Dell and other local companies, the Limerick Leader newspaper said.
Flextronics employs 290 people at its warehousing operations in Limerick, where it supplies Dell and other local companies, the Limerick Leader newspaper said.
SINGAPORE – Surface Mount Technology reported September quarter revenue of $146.8 million, and a loss of $1.3 million. In the June quarter, the EMS company reported a loss of $900,000.
For the six-month period ended Sept. 30, the group’s revenue was $314.5 million, up about 3.1% year-over-year. The firm reported a loss of $2.2 million for the period, compared to a profit of $5.6 million last year. The year-over-year revenue growth resulted mainly from higher demand for turnkey projects in consumer products, the company said.
“The world is experiencing an unprecedented financial and economic crisis. Market demand for export is softening. The global outlook is very uncertain. We are taking proactive measures to push for more China domestic sales and intensify our cost reduction efforts,” said Chan Kei Biu, chairman and senior managing director.
For the six-month period ended Sept. 30, the group’s revenue was $314.5 million, up about 3.1% year-over-year. The firm reported a loss of $2.2 million for the period, compared to a profit of $5.6 million last year. The year-over-year revenue growth resulted mainly from higher demand for turnkey projects in consumer products, the company said.
“The world is experiencing an unprecedented financial and economic crisis. Market demand for export is softening. The global outlook is very uncertain. We are taking proactive measures to push for more China domestic sales and intensify our cost reduction efforts,” said Chan Kei Biu, chairman and senior managing director.
MACAO -- Nam Tai Electronics chief executive Masaaki Yasukawa tendered his
resignation, effective immediate, citing
family reasons. The company has named Wong Kuen Ling (Karene Wong) president
and acting chief executive.
Wong has been with the company since June 1989, and since 2007 has been chairman of NTEEP.
Nam Tai is the world's 20th largest EMS provider, but its revenues have plunged more than 20% this year through September.
Wong has been with the company since June 1989, and since 2007 has been chairman of NTEEP.
Nam Tai is the world's 20th largest EMS provider, but its revenues have plunged more than 20% this year through September.
MACAO – EMS provider Nam Tai Electronics reported third-quarter sales fell 21.5% to $160 million, while gross profits and net earnings both dropped more than 60% year-over-year.
BANNOCKBURN, IL – IPC will host a meeting with European automotive industry leaders, including Porsche, Volvo and Volkswagen, to investigate adding automotive-specific requirements for electronics used in cars, trucks and military vehicles to IPC-A-610D, Acceptability of Electronic Assemblies.
A kickoff meeting will be held Nov. 12 in Munich to select a committee. Technical professionals involved with quality, reliability, production and purchasing of electronic parts and assemblies for the automotive industry are invited.
“Ideally, we would like to publish an automotive addendum to IPC-A-610D within nine to 12 months,” said Lars Wallin, IPC European representative.
Jack Crawford, IPC director of certification and assembly technology, will moderate the meeting.
For more information and to register, contact Lars Wallin, LarsWallin@ipc.org.
A kickoff meeting will be held Nov. 12 in Munich to select a committee. Technical professionals involved with quality, reliability, production and purchasing of electronic parts and assemblies for the automotive industry are invited.
“Ideally, we would like to publish an automotive addendum to IPC-A-610D within nine to 12 months,” said Lars Wallin, IPC European representative.
Jack Crawford, IPC director of certification and assembly technology, will moderate the meeting.
For more information and to register, contact Lars Wallin, LarsWallin@ipc.org.
SAN JOSE -- Worldwide sales of semiconductors rose 1.6% year-over-year to $23 billion in September, and 1.1% from
August, the Semiconductor Industry Association said last night.
HERNDON, VA – Dr. Robert C. Pfahl Jr., vice president of global operations for iNEMI, received an Electronics Goes Green 2008+ award in Berlin last month.
Pfahl received the award “for his commitment to environmental protection and inspiring ideas concerning sustainable development in technology and business solutions.”
Prior to joining iNEMI in 2002, Pfahl was director of international and environmental research and development for Motorola Labs.
SECAUCUS, NJ --Starting Nov. 1, Panasonic Corp. of North America will launch a nationwide program designed to provide consumers convenient recycling of Panasonic brand TVs and other consumer electronics.
Under the program, consumers can drop off Panasonic products free of charge. Panasonic also will work jointly with public and private recyclers, communities, governments, charities and other organizations.
The venture will cover more than 160 recycling drop-off locations in 10 states, and is slated to expand to all 50 states, with hundreds more sites, over the next three years.
In a press statement, Recycling Group manager Richard Vernam, said, "The program will help to move end-of-life consumer electronics out of the common waste stream and into a separate and environmentally responsible recycling stream."
"The focus of Panasonic's new program will be on consumer convenience and environmentally sound recycling," said Yoshi Yamada, Chairman and CEO of Panasonic Corporation of North America. "The new national program both gives life to our customers' recycling expectations and embodies our company's commitment to responsible product lifecycle management."
The move might also signal a larger emphasis on designing products that are easy to break down and reuse.
Under the program, consumers can drop off Panasonic products free of charge. Panasonic also will work jointly with public and private recyclers, communities, governments, charities and other organizations.
The venture will cover more than 160 recycling drop-off locations in 10 states, and is slated to expand to all 50 states, with hundreds more sites, over the next three years.
In a press statement, Recycling Group manager Richard Vernam, said, "The program will help to move end-of-life consumer electronics out of the common waste stream and into a separate and environmentally responsible recycling stream."
"The focus of Panasonic's new program will be on consumer convenience and environmentally sound recycling," said Yoshi Yamada, Chairman and CEO of Panasonic Corporation of North America. "The new national program both gives life to our customers' recycling expectations and embodies our company's commitment to responsible product lifecycle management."
The move might also signal a larger emphasis on designing products that are easy to break down and reuse.
SEOUL -- US-based
private equity group Ripplewood has emerged as the preferred bidder to
buy Daewoo Electronics, the company's leading creditor said yesterday.
A deal for the money-losing consumer electronics maker is hoped to be struck by year-end.
The bid price was not disclosed, but local reports pegged it in the range of $288 million to $324 million. If correct, that marks up to a 43% drop from a bid submitted last year by a group led by Videocon Industries, which creditors rejected as too low.
Creditors own 97.5% of Daewoo.
TAIPEI – Hon Hai Precision Industry (the trade name of Foxconn) reported net profit of $540 million for its third quarter, down 10% year-over-year, but beating market expectations.
LOS ALTOS, CA – Although capital investment outlays will slow, the communications equipment industry will survive the economic downturn in reasonable shape, says Henderson Ventures.
Worldwide equipment production will slow from a 6.8% rate in 2007 to a 3.2% pace this year, according to the research firm. A further deceleration will take growth rates to 2.7% next year before rebounding to 9.6% in 2010.
China is expected to achieve a solid 9.6% gain this year. Even so, that pales before the 19.8% burst chalked up during 2007, says Henderson.
During the past few years, the total number of handset subscribers has mushroomed as prices have plunged to meet market requirements in developing countries. But a dwindling unserved market, along with a poor economic environment during 2009, is likely to result in a drop in new subscribers, the company predicts.
Handset shipments are slated to decelerate sharply, as the economic environment encourages cellphone owners to postpone the purchase of upgraded handsets. Shipment growth is predicted to decelerate from 15.1% in 2007 through 7.8% in 2008 to only 3.9% next year.
And given the increased emphasis on developing markets, handset revenues are forecast to be stagnant next year. The ongoing financial crisis is expected to be resolved by 2010. Rejuvenated economic growth and a new replacement cycle will create a 9.5% unit gain that year.
Worldwide equipment production will slow from a 6.8% rate in 2007 to a 3.2% pace this year, according to the research firm. A further deceleration will take growth rates to 2.7% next year before rebounding to 9.6% in 2010.
China is expected to achieve a solid 9.6% gain this year. Even so, that pales before the 19.8% burst chalked up during 2007, says Henderson.
During the past few years, the total number of handset subscribers has mushroomed as prices have plunged to meet market requirements in developing countries. But a dwindling unserved market, along with a poor economic environment during 2009, is likely to result in a drop in new subscribers, the company predicts.
Handset shipments are slated to decelerate sharply, as the economic environment encourages cellphone owners to postpone the purchase of upgraded handsets. Shipment growth is predicted to decelerate from 15.1% in 2007 through 7.8% in 2008 to only 3.9% next year.
And given the increased emphasis on developing markets, handset revenues are forecast to be stagnant next year. The ongoing financial crisis is expected to be resolved by 2010. Rejuvenated economic growth and a new replacement cycle will create a 9.5% unit gain that year.
NATICK, MA – Cognex is offering a series of free machine vision seminars.
This half-day event explains setup and deployment of vision systems for automated inspection tasks in the automotive, medical and electronics industries, among others.
Each seminar combines a basics tutorial with live demonstrations of the four-step process for setting up a machine vision application with EasyBuilder software for In-Sight systems. The tutorial covers how vision systems work in manufacturing applications to accurately inspect, guide, and identify products.
The seminars run through December and are held in the US, Canada and Mexico. To register, visit www.cognex.com/seminar.
This half-day event explains setup and deployment of vision systems for automated inspection tasks in the automotive, medical and electronics industries, among others.
Each seminar combines a basics tutorial with live demonstrations of the four-step process for setting up a machine vision application with EasyBuilder software for In-Sight systems. The tutorial covers how vision systems work in manufacturing applications to accurately inspect, guide, and identify products.
The seminars run through December and are held in the US, Canada and Mexico. To register, visit www.cognex.com/seminar.
