News
EL SEGUNDO, CA – iSuppli forecasts total market shipments of 65.1 million car navigation systems by 2012, more than three times the 19.8 million shipped in 2006.
POWAY, CA -- Jabil Circuit will close its assembly plant here and lay off the site's 143 workers by September.
Last year, Jabil said it would close certain facilities in the U.S. In April, the EMS company told Californian officials the Poway site would be shuttered.
TAIPEI -- An top Intel Corp. executive in Asia last week encouraged Taiwanese manufacturers to invest more in research and development in order to keep up with the rest of the world.
Stanley Huang, director of advanced technical sales & service for the Asia-Pacific region, also said Intel would keep its own R&D in the U.S.
"I suggest more investment in R&D,” Huang told the show daily of the Computex trade show: “Taiwanese manufacturing['s] competitive advantage is in its global operational experience, including aspects such as global supply chain management; this cannot be surpassed by competitors anytime soon. Taiwanese companies have many good people with global vision. They should take advantage of this, rather than compete with others for plant and market scale."
The complete interview is here: http://www.computextaipei.com.tw/presscenter/news_view.shtml?docno=803.
The complete interview is here: http://www.computextaipei.com.tw/presscenter/news_view.shtml?docno=803.
BERMATINGEN, GERMANY – Rohwedder AG will acquire JOT Automation from Elektrobit Corp. for 29 million euros, less contingencies covering JOT's interest-bearing liabilities and its financial performance in 2007 and 2008.
SAN JOSE -- Sanmina-SCI has issued a pair of offerings worth some $600 million, which the company will use to pay down debt.
The EMS provider said the $600 million in notes would be issued to qualified institutional buyers in the U.S.
The EMS provider said the $600 million in notes would be issued to qualified institutional buyers in the U.S.
TAIPEI -- Asustek's chairman said the motherboard maker will its separate its contract manufacturing operations from its branded products group as soon
as possible. The company previously said it would split the divisions in 2008.
Instead, the company will split the operations by year end , and the new company will be listed on the Hong Kong Stock Exchange, according to published reports.
Instead, the company will split the operations by year end , and the new company will be listed on the Hong Kong Stock Exchange, according to published reports.
WESTLAKE, OH – On April 27, Nordson Corporation filed a patent infringement action in the Tokyo District Court against Jetmaster and Jetmaster2, manufactured by Musashi Engineering Inc.
The complaint alleges that two Musashi products infringe two of Nordson’s Japanese patents, and that the operation of the Jetmaster and Jetmaster 2 infringes a third Japanese patent.
Nordson, through its subsidiary, Asymtek, owns three Japanese patents relating to DJ-2100 and DJ-9000 jet dispensers.
SCOTTSDALE, AZ – The IC industry as a whole registered a five-year CAGR of 12% between 2001 and 2006. However, the cellular phone IC market displayed the most notable CAGR of 22% during that time period, says IC Insights in its May update of the McClean Report.
For the first time ever, cellular handset unit volume shipments are forecast to total more than one billion this year, the research firm predicts.
Cellular phone handset unit shipments, revenue, and ASP are forecast to be +10%, +3%, and -6%, respectively.
Nokia is expected to ship more than 400 million handsets, and Sony Ericsson cellular phone shipments are expected to surge at least 40%, exceeding Samsung in handset revenue this year.
NEW YORK – General Atlantic and Francisco Partners, major private equity firms, have sued Aeroflex Inc., saying the maker of electronics test equipment owes them a larger fee for breaking off a pending merger.
According to an SEC filing, the $22.5 million breakup Aeroflex agreed to pay was some $15 million less than GA and Francisco claim they are owed.
TAIPEI, TAIWAN – Delta Electronics announced its May revenues rose 24% to $10 million year-over-year. The company, which makes power systems, video displays, and provides EMS services, said year-to-date revenues were $47.9 million, a 25% increase over last year.
TOKYO – JPCA 2007, held amid a minor slowdown in the electronics interconnect industry, must be considered an unqualified success. Between the innovations on display, the incorporation of the Protec assembly show, and real world collaboration, JPCA demonstrated the possibilities of realizing technical advances, and building the foundations for growth while maintaining profitability.
TUMKUR, INDIA -- Incap Corp. has signed an agreement to acquire TVS Electronics Ltd.'s contract manufacturing operations in Tumkur in a deal worth some $10 million.
The deal includes TVS's design services in Bangalore, which will be transferred to Incap Contract Manufacturing Services Pvt. Ltd.
The publicly traded, Oulu, Finland-based Incap had sales of $121 million in 2006 and employs 550 workers. TVS's
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