News
BRUGGE, BELGIUM -- Jabil Circuit's production facility here will be liquidated later this month. The EMS firm leased the 116,000 sq. ft. facility, which also formerly housed a design center.
Jabil's lines at the site included DEK printers; Assembleon, Universal and Fuji placement equipment; and Vitronics soldering equipment.
The company said last fall it would shutter a few scattered sites.
Ten of the displaced workers were hired last month by IPTE NV to beef up its test automation programs for LCD TV, telecom equipment and automotive electronics.
Jabil's lines at the site included DEK printers; Assembleon, Universal and Fuji placement equipment; and Vitronics soldering equipment.
The company said last fall it would shutter a few scattered sites.
Ten of the displaced workers were hired last month by IPTE NV to beef up its test automation programs for LCD TV, telecom equipment and automotive electronics.
SAN JOSE -- EMS giant Sanmina-SCI's problems continued in the September quarter as earnings fell by $20 million on a 1.8% drop in revenue, to $2.71 billion. The company reported a net loss of $28.1 million, down from a loss of $8 million a year ago.
For fiscal 2006, revenues decreased 6.6% to $11 billion on weakness in its computing businesses, for which sales to existing customers fell $772 million. Other decreases included a $262 million drop in enclosures sales and a $186 million fall in storage systems. The net loss fell to $141.6 million, from a loss of $1.03 billion in fiscal 2005.
For fiscal 2006, revenues decreased 6.6% to $11 billion on weakness in its computing businesses, for which sales to existing customers fell $772 million. Other decreases included a $262 million drop in enclosures sales and a $186 million fall in storage systems. The net loss fell to $141.6 million, from a loss of $1.03 billion in fiscal 2005.
EL SEGUNDO, CA – Sales of electronics equipment will maintain growth rates this year, as global revenue will rise 6.7% to $1.47 trillion in 2007. iSuppli (isuppli.com) predicts. The research firm estimates sales rose 6.6% last year.
Data processing will be the fastest-growing segment, comprising some 28.8% of total electronics revenue. The sector is expected to grow 9.1% to $421.7 billion in 2007. Wired communications expand 7.2% $101.4 billion. Consumer electronics will grow 6.4% to $327.2 billion, the firm says.
Higher unit shipments and average selling prices will boost PCs, datacom’s largest segment. PC shipments will rise 10.2% to 262.9 million units in 2007. Dual-core microprocessors and the availability of a Microsoft’s Vista will spur growth, says iSuppli.
Meanwhile, three other segments will decelerate. Wireless communications will cool considerably, predicts iSuppli, growing 4.9%, after expanding 8.7% last year. Automotive and industrial will grow 4.5 and 5.7%, respectively, down slightly from 4.8 and 7.5%.
Data processing will be the fastest-growing segment, comprising some 28.8% of total electronics revenue. The sector is expected to grow 9.1% to $421.7 billion in 2007. Wired communications expand 7.2% $101.4 billion. Consumer electronics will grow 6.4% to $327.2 billion, the firm says.
Higher unit shipments and average selling prices will boost PCs, datacom’s largest segment. PC shipments will rise 10.2% to 262.9 million units in 2007. Dual-core microprocessors and the availability of a Microsoft’s Vista will spur growth, says iSuppli.
Meanwhile, three other segments will decelerate. Wireless communications will cool considerably, predicts iSuppli, growing 4.9%, after expanding 8.7% last year. Automotive and industrial will grow 4.5 and 5.7%, respectively, down slightly from 4.8 and 7.5%.
VENTURA, CA - CoorsTek has acquired Gaiser Tool Co., a ceramic precision tooling manufacturer based in Ventura with operations in Tokyo. Established in 1962, Gaiser invented the alumina ceramic capillary in 1970 and developed "Process1800" to produce bottleneck-style ceramic capillaries in 1987. In a statement, CoorsTek said it will retain the Gaiser brand.
SHANGHAI -- Foxconn has purchased a 10,000 sq. meter plot here and will build its national headquarter,Taiwan's Commercial Times reported.
The company's global research and development center in Tucheng, Taiwan has been completed, DigiTimes said, and will spend roughly $369.8 million over the next three years on it.
Foxconn will employ over 3,000 employees at the R&D site, the report said.
The company's global research and development center in Tucheng, Taiwan has been completed, DigiTimes said, and will spend roughly $369.8 million over the next three years on it.
Foxconn will employ over 3,000 employees at the R&D site, the report said.
SAN FRANCISCO – December poll results were at their weakest level of 2006, says Deutsche Bank Equity Research. CIOs expect IT budgets to grow 5.8% during the next 12 months, down from 6.5% in September.
LOS ANGELES - P. Kay Metal announced the
opening of its Shenzhen, China office – its first in Asia
Dr. Erik Severin will head the office, supporting the market development efforts of Wong's Kong King and other company distributors throughout the Pacific Rim. Dr. Severin has worked in new business development and with startup companies for the past seven years. He has a Ph.D. in chemistry from the California Institute of Technology.
Dr. Erik Severin will head the office, supporting the market development efforts of Wong's Kong King and other company distributors throughout the Pacific Rim. Dr. Severin has worked in new business development and with startup companies for the past seven years. He has a Ph.D. in chemistry from the California Institute of Technology.
FORT WORTH,
TX -- Berkshire
Hathaway Inc., the investment fund of Warren Buffett, will buy component distributor TTI Inc. Terms were not disclosed and the deal is expected to close during the first quarter of 2007.
The deal includes TTI subsidiary Mouser Electronics. TTI is the world's fifth largest electronics components distributor, with reported sales of $835 million in 2005.
The deal includes TTI subsidiary Mouser Electronics. TTI is the world's fifth largest electronics components distributor, with reported sales of $835 million in 2005.
MANKATO, MN – EMS firm Winland Electronics has signed a one-year agreement to manufacture a line of digital imaging products.
The company shipped $1.1 million of digital imaging products in the fourth quarter and has received a purchase order for an additional $1.1 million scheduled for shipment in early 2007.
The firm said it anticipates additional orders. The supply agreement is renewable in one-year terms.
The company shipped $1.1 million of digital imaging products in the fourth quarter and has received a purchase order for an additional $1.1 million scheduled for shipment in early 2007.
The firm said it anticipates additional orders. The supply agreement is renewable in one-year terms.
MILPITAS -- Top tier electronics manufacturing services provider Solectron reported November quarter sales of $2.99 billion, up 22% from the same quarter 2005. In its 10Q form, Solectron said its gross profit was up 10% to $149.4 million, while income from continuing operations fell sharply to $6.6 million from $20.2 million a year ago.
QINGDAO, CHINA -- Home appliance manufacturer Haier Group, one of China's largest OEMs, will purchase PC maker Founder Group, a deal that will make Haier the second-largest seller of PCs in China.
Founder reported sales of 7.39 billion yuan (roughly $92 million) in 2005. Haier had sales of 103.4 billion ($12.9 billion) yuan.
FRAMINGHAM, MA -- Taiwan's IT sales will hit $6.7 billion in 2007, International Data Corp.'s Taiwan branch forecasts.
The firm predicts sales of IT hardware, software and services in Taiwan next year will grow 2.8% from 2006.
The firm predicts sales of IT hardware, software and services in Taiwan next year will grow 2.8% from 2006.
Press Releases
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- Indium Corporation Technical Expert to Present at SiP Conference China
- Flex Announces Kevin Krumm as Chief Financial Officer
- Green Circuits Enhances Inspection Capabilities with New DAGE Quadra 5 Pro X-ray System