STOCKHOLM – Mycronic’s first quarter net sales declined 12% year-over-year to SEK 1.135 billion (US$119.9 million). Based on constant exchange rates, net sales decreased 19%.

SAN FRANCISCO – Tempo Automation and ACE Convergence Acquisition said the registration statement in connection with their previously announced proposed business combination has been declared effective by the US Securities and Exchange Commission.

STOCKHOLM – Note reported first quarter sales increased 64% year-over-year to SEK 821 million (US$86.9 million). Adjusted for acquisitions and currency effects, growth was 35%.

KARNATAKA, INDIA – Kaynes Technology India filed draft papers with the Securities Board of India to raise funds through an initial public offering.

STAMFORD, CT – Worldwide semiconductor revenue totaled $595 billion in 2021, an increase of 26.3% from 2020, according to Gartner’s final results.

MUNICH – Icape Group acquired German PCB supplier SAFA2000 for an undisclosed sum.

SIEVI, FINLAND – Scanfil now estimates 2022 revenue between €750 million and €820 million. The previous outlook for 2022 was revenue of €710 million to €760 million.

ATLANTA – Electronic component sales softened in both the assessment of March sales growth and April sales expectations, according to ECIA’s latest survey.

NOVA DUBNICA, SLOVAKIA – Neways said it plans to replace its two electronics manufacturing sites in Slovakia with one new 16,000 sq. m. factory, according to reports.

MILPITAS, CA – Worldwide sales of semiconductor manufacturing equipment in 2021 surged 44% year-over-year to an all-time record of $102.6 billion, says SEMI.

PENANG – EMS firm Escatec appointed Ernest Sebak as chief executive officer, effective today.

NEVADA CITY, CA – Sales among the 50 largest electronics manufacturing services companies rose 9.9% year-over-year to $417 billion in 2021, according to a new report.