News
VANCOUVER – Tier-Two EMS provider Creation Technologies has received a $65 million investment from Birch Hill Equity Partners.
EL SEGUNDO, CA – iSuppli Corp. today issued a revised outlook for semiconductor sales, forecasting 6% growth. The research firm previously forecast an 8.1% increase.
Still, iSuppli’s outlook is more optimistic than that of many researchers, as the industry average is closer to 2 to 3%.
Still, iSuppli’s outlook is more optimistic than that of many researchers, as the industry average is closer to 2 to 3%.
SAN BRUNO, CA – Worldwide Manufacturing USA, will acquire 55% of Shanghai De Chuang Electric and Electronics Company (Chuang) in Shanghai.
Chuang is a power supply factory with designing and R&D capabilities.
Worldwide, which provides EMS and other services, said the acquisition will further the company’s direct manufacturing capabilities.
The signed letter of intent is contingent on the completion of a Chuang audit, along with completion of due diligence by Worldwide, which are in the process.
The acquisition is planned for September.
Chuang is a power supply factory with designing and R&D capabilities.
Worldwide, which provides EMS and other services, said the acquisition will further the company’s direct manufacturing capabilities.
The signed letter of intent is contingent on the completion of a Chuang audit, along with completion of due diligence by Worldwide, which are in the process.
The acquisition is planned for September.
SUNNYVALE, CA – PCB manufacturer Sierra Proto Express has acquired Teknicircuits of Danbury, CT.
Sierra Proto Express will handle PCB fabrication for Teknicircuits’ customers from its Chanute, KS production center, the former PC Boards plant. Quickturn jobs will be handled at Sierra’s Sunnyvale facility.
Sierra expects sales to exceed $40 million this year.
Sierra Proto Express will handle PCB fabrication for Teknicircuits’ customers from its Chanute, KS production center, the former PC Boards plant. Quickturn jobs will be handled at Sierra’s Sunnyvale facility.
Sierra expects sales to exceed $40 million this year.
LOGAN, UT – EMS firm Inovar Inc. will break ground on an expansion that will triple its square footage.
With the expansion, Inovar’s Logan facility will reach 60,000 sq. ft.
The company plans to enhance its capabilities in new product introduction and prototyping, test services, DfM and final assembly. Currently, the company produces about 200 different products monthly.
A groundbreaking ceremony will take place on June 28 at 11:30 a.m.; customers and the public are invited.
With the expansion, Inovar’s Logan facility will reach 60,000 sq. ft.
The company plans to enhance its capabilities in new product introduction and prototyping, test services, DfM and final assembly. Currently, the company produces about 200 different products monthly.
A groundbreaking ceremony will take place on June 28 at 11:30 a.m.; customers and the public are invited.
ST. PETERSBURG, FL -- Jabil Circuit on Thursday night reported a 90% drop in net profits despite a 15% gain in quarterly revenue. In its third quarter ended May 31, the EMS firm reported net income of $6.2 million, down from $64.2 million last year, on sales of $3 billion.
SAN JOSE, CA – North American manufacturers of semiconductor equipment posted $1.67 billion in orders in May (three-month average) and a book-to-bill ratio of 1.0, according to SEMI.
SAN JOSE, CA – Sanmina-SCI will build its first manufacturing technology campus in India, a 100-acre site in Oragadam inside a special economic zone.
EL SEGUNDO, CA – iSuppli Corp. predicts global PC shipments will rise to 264 million units in 2007, up 11.2% from 239 million in 2006.
iSuppli upgraded its forecast following stronger-than-anticipated first-quarter shipments of notebook computers. The previous forecast envisioned 10.7% growth for the year.
iSuppli upgraded its forecast following stronger-than-anticipated first-quarter shipments of notebook computers. The previous forecast envisioned 10.7% growth for the year.
SPRINGFIELD GARDEN, NY – Shipping cycles in the Asia-Pacific are following traditional cycles, a major logistics provider said last week.
Trans Global Logistics reports demand is following predictable patterns, with the May-June period typically the low point for air-freight.
Demand for oil coupled with severe weather conditions is influencing shipping decisions, Trans Global said. Growing global demand for oil continues to put upward pressure on fuel surcharges, while powerful monsoons have hammered southeastern Bangladesh, causing operations at the Chittagong port yard to be temporarily suspended. Cargo receiving and loading has resumed in off-dock areas, but there have been many vessel delays, the company says.
Inflation worries are also influencing shipping decisions. The rupee has appreciated approximately 12% against the U.S. dollar, causing an increase in surcharges for x-ray and other inspections. Rising inflation in China and a strengthening yuan are putting pressure on shippers to maximize ocean transportation use. The impact of shifting manufacturing capacity from Japan and Korea to China has dampened demand for airlift in these traditional markets, says Trans Global.
Trans Global Logistics reports demand is following predictable patterns, with the May-June period typically the low point for air-freight.
Demand for oil coupled with severe weather conditions is influencing shipping decisions, Trans Global said. Growing global demand for oil continues to put upward pressure on fuel surcharges, while powerful monsoons have hammered southeastern Bangladesh, causing operations at the Chittagong port yard to be temporarily suspended. Cargo receiving and loading has resumed in off-dock areas, but there have been many vessel delays, the company says.
Inflation worries are also influencing shipping decisions. The rupee has appreciated approximately 12% against the U.S. dollar, causing an increase in surcharges for x-ray and other inspections. Rising inflation in China and a strengthening yuan are putting pressure on shippers to maximize ocean transportation use. The impact of shifting manufacturing capacity from Japan and Korea to China has dampened demand for airlift in these traditional markets, says Trans Global.
BUFFALO GROVE, IL – Calling the U.S. “at the forefront of advanced research,” Panasonic Factory Solutions Company of America on June 7 held the grand opening ceremony for its Advanced Packaging Lab.
The lab, located at the company’s suburban Chicago headquarters, contains a class 10,000 cleanroom, plus the latest in metrology and test equipment including x-ray, C-SAM, SEM and EDS for post-assembly analysis.
The lab, located at the company’s suburban Chicago headquarters, contains a class 10,000 cleanroom, plus the latest in metrology and test equipment including x-ray, C-SAM, SEM and EDS for post-assembly analysis.
MYRTLE BEACH, SC – Passives components maker AVX Corp. has agreed to buy American Technical Ceramics for about $231 million in cash.
Press Releases
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