News
METHUEN, MA – EMS provider Proxy Manufacturing has been certified as a qualified HUBZone small business concern by the U.S. Small Business Administration.
The SBA’s HUBZone Empowerment Contracting Program seeks to create jobs and stimulate economic development in urban and rural communities that have been designated as historically underutilized business zones.
Certification is awarded to small businesses that, among other qualifications, maintain a principal office in a HUBZone and employ staff that lives in one of these specially designated areas. Proxy’s certification means that it is now eligible to receive HUBZone contracting opportunities under the North American Industry Classification System (Code 334418, Printed Circuit Assembly (Electronic Assembly) Manufacturing.
Proxy can also receive contracts that it is qualified to perform under other NAICS Codes.
“This certification provides Proxy access to preferred federal contracts and the opportunity, said Shawn Foy, president . “In addition, we can help customers who are large federal contractors meet their HUBZone subcontracting goals.”
The SBA’s HUBZone Empowerment Contracting Program seeks to create jobs and stimulate economic development in urban and rural communities that have been designated as historically underutilized business zones.
Certification is awarded to small businesses that, among other qualifications, maintain a principal office in a HUBZone and employ staff that lives in one of these specially designated areas. Proxy’s certification means that it is now eligible to receive HUBZone contracting opportunities under the North American Industry Classification System (Code 334418, Printed Circuit Assembly (Electronic Assembly) Manufacturing.
Proxy can also receive contracts that it is qualified to perform under other NAICS Codes.
“This certification provides Proxy access to preferred federal contracts and the opportunity, said Shawn Foy, president . “In addition, we can help customers who are large federal contractors meet their HUBZone subcontracting goals.”
SAN JOSE -- Flextronics will acquire International DisplayWorks, a designer and manufacturer of LCDs and other components for handheld and industrial products, in an all-stock deal valued at $300
million.
The transaction is subject to customary closing conditions,
including IDW stockholder approval and certain regulatory approvals, and is expected to close in the fourth quarter.
SAN JOSE – July sales of semiconductors were up up 11.5% worldwide to $20.1 billion, the Semiconductor Industry Association
reported today. July’s sales were up 1.8% over June, and continued the record pace.
“The worldwide semiconductor industry is on track to surpass $240 billion in sales this year, which represents a new record,” said SIA president George Scalise. “Growth continues to be strong across a broad range of end markets and geographic regions as well, particularly Asia Pacific which is up over 13% year-on-year, and the U.S., where sales increased almost 18% over last year."
“The worldwide semiconductor industry is on track to surpass $240 billion in sales this year, which represents a new record,” said SIA president George Scalise. “Growth continues to be strong across a broad range of end markets and geographic regions as well, particularly Asia Pacific which is up over 13% year-on-year, and the U.S., where sales increased almost 18% over last year."
EL SEGUNDO, CA — Intel Corp. experienced a dramatic decline in semiconductor revenue in the second quarter and posted its lowest quarterly market share in more than four years, according to a new ranking from iSuppli Corp.
Following an increase in its revenue and market share in 2005, the world’s largest chipmaker in the second quarter saw its semiconductor revenue fall 12.8% sequentially and its share of the global chip market shrink to 11.4%, down from 13.2% in the first quarter.
That is the lowest share for Intel since iSuppli began tracking quarterly semiconductor market shares in the first quarter 2002.
“Following such an impressive 2005, this represents a major reversal of fortune for Intel,” said Dale Ford, vice president of market intelligence services at iSuppli. “However, Intel’s recent actions show it understands the need to improve its efficiency and sharpen its focus on its core business of microprocessors and integrated circuits for computing systems.”
Top-10 Semiconductor Suppliers, Q2 2006 (in US$ millions)
Q2 2006 Revenue %Change
1. Intel 7,095 -12.4%
2. Samsung 4,481 1.5%
3. TI 3,175 5.2%
4 . STM 2,495 5.6%
5. Toshiba 2,328 0.5%
6 . Renesas 2,081 6.0%
7 . Hynix 1,694 17.1%
8 . Philips 1,534 4.4%
9 . Freescale 1,527 4.2%
10. NEC 1,380 -0.4%
Others 34,462 2.9%
Following an increase in its revenue and market share in 2005, the world’s largest chipmaker in the second quarter saw its semiconductor revenue fall 12.8% sequentially and its share of the global chip market shrink to 11.4%, down from 13.2% in the first quarter.
That is the lowest share for Intel since iSuppli began tracking quarterly semiconductor market shares in the first quarter 2002.
“Following such an impressive 2005, this represents a major reversal of fortune for Intel,” said Dale Ford, vice president of market intelligence services at iSuppli. “However, Intel’s recent actions show it understands the need to improve its efficiency and sharpen its focus on its core business of microprocessors and integrated circuits for computing systems.”
Top-10 Semiconductor Suppliers, Q2 2006 (in US$ millions)
Q2 2006 Revenue %Change
1. Intel 7,095 -12.4%
2. Samsung 4,481 1.5%
3. TI 3,175 5.2%
4 . STM 2,495 5.6%
5. Toshiba 2,328 0.5%
6 . Renesas 2,081 6.0%
7 . Hynix 1,694 17.1%
8 . Philips 1,534 4.4%
9 . Freescale 1,527 4.2%
10. NEC 1,380 -0.4%
Others 34,462 2.9%
AMSTERDAM -- Greenpeace wants electronics companies to clean up their acts.
The activist environmental protection organization this week released its study of the "green credentials" of the top electronics OEMs. Ranked on their use of toxic chemicals and electronic waste (e-waste) policies, Dell and Nokia scored highest -- albeit a "barely respectable" 7 out of 10 -- while Apple, Motorola and Lenovo finished at the bottom of the class. The average score for the 14 companies reviewed was 4 of 10.
The activist environmental protection organization this week released its study of the "green credentials" of the top electronics OEMs. Ranked on their use of toxic chemicals and electronic waste (e-waste) policies, Dell and Nokia scored highest -- albeit a "barely respectable" 7 out of 10 -- while Apple, Motorola and Lenovo finished at the bottom of the class. The average score for the 14 companies reviewed was 4 of 10.
JACKSON, MI -- EMS firm Sparton Corp. reported net sales of $50.5 million for its fourth quarter ended June 30, up 9.6% over last year. Net income fell 95% to $468,000
from $4.94 million last year.
BEIJING -- The Chinese government ordered Foxconn's Shenzhen EMS site to create a union for workers this year, according to the Beijing News today.
Shenzhen officials have reportedly told Hong Fu Jin Precision Industry, the local name of the Foxconn plant, to set up a union by the end of this year, the paper said.
Shenzhen officials have reportedly told Hong Fu Jin Precision Industry, the local name of the Foxconn plant, to set up a union by the end of this year, the paper said.
CHICAGO -- In its annual world
outlook for commercial airplanes, Boeing predicts a 6.1% annual increase in air cargo traffic over the next 20 years. Coupled with higher fuel costs, that suggests cargo rates will continue to fly higher in coming years.
The world's largest maker of planes also predicts passenger traffic to increase 4.9% a year through 2025.
The company said worldwide air freighter fleet will nearly double over the next 20 years to 3,560 airplanes, from 1,790.
The world's largest maker of planes also predicts passenger traffic to increase 4.9% a year through 2025.
The company said worldwide air freighter fleet will nearly double over the next 20 years to 3,560 airplanes, from 1,790.
TAIPEI -- Hon Hai Precision Industry, the trading name of Foxconn, reported second-quarter earnings rose 32% over a year ago and 18% sequentially, according to media reports.
The company showed a net profit of $388 million (T$12.77 billion) for the quarter ended June, according to Reuters. That compares to a profit of roughly $328 million (T$9.98 billion) in the March quarter.
The company showed a net profit of $388 million (T$12.77 billion) for the quarter ended June, according to Reuters. That compares to a profit of roughly $328 million (T$9.98 billion) in the March quarter.
LOUISVILLE -- A federal bankruptcy judge turned down Sypris Solutions' request for quick decision by its top customer on whether to continue its supply
contracts with Sypris.
Dana Corp., which makes auto parts, is said to be Sypris' largest customer, having purchased more than $120 million in parts in 2005.
The company filed for Chapter 11
bankruptcy protection in March, however, and Sypris
was seeking for the court to order Dana to render a decision on whether to keep the
supply contracts by Oct. 3.
According to the ruling, by contract Sypris can prevent Dana from buying those parts from another
manufacturer through 2014.
NEW YORK -- Private equity firm Francisco Partners has purchased Vitronics and Universal Instruments, Circuits Assembly has learned.
An announcement is expected later today. Terms were not disclosed and the transaction is subject to normal closing conditions and regulatory approval.
Privately held Francisco focuses on investments in technology and related services businesses.
An announcement is expected later today. Terms were not disclosed and the transaction is subject to normal closing conditions and regulatory approval.
Privately held Francisco focuses on investments in technology and related services businesses.
NEW YORK -- Sales of benchtop SMT equipment for low-volume, high-mix production has been on a steady rise, says Frost & Sullivan in a new report.
The research firm says revenues for the equipment would rise to $363.7 million in 2012, from $152.4 million in 2005.
“Being an intensely competitive and fast-paced industry, electronics relies on constant innovation and improvement of its products to sustain interest among customers,” said analyst Deepa Mathew. “SMT benchtop equipment plays a crucial role by providing a high degree of flexibility and desired performance to suit low-volume, high-mix production requirements.”
The research firm says revenues for the equipment would rise to $363.7 million in 2012, from $152.4 million in 2005.
“Being an intensely competitive and fast-paced industry, electronics relies on constant innovation and improvement of its products to sustain interest among customers,” said analyst Deepa Mathew. “SMT benchtop equipment plays a crucial role by providing a high degree of flexibility and desired performance to suit low-volume, high-mix production requirements.”
Press Releases
- Surf-Tech Manufacturing Corp. Ensures World-Class Quality with Advanced Conformal Coating Services
- Luminovo Partners with Sluicebox to Offer an Industry-First Instant Product Carbon Footprint for Electronics
- The Assembly Show and SMTAI Announce Colocation in October
- SIA Applauds CHIPS Act Incentives for GlobalWafers Projects in Texas and Missouri