GRAND RAPIDS, MI – Waséyabek Development Co. acquired Safari Circuits for an undisclosed sum.

BANNOCKBURN, IL — New data from IPC show supply chain challenges remain acute, but may have peaked, while lead times remain high. High material and labor costs are expected to continue for at least six months, while recruiting and finding skilled talent continues to be difficult.

TORONTO – Celestica reported fourth quarter revenue of $1.5 billion, up 9% year-over-year.

SAN JOSE – Flex reported fiscal third quarter 2022 net sales were $6.6 billion, a decrease of 1.5% year-over-year.

NEENAH, WI – Plexus posted fiscal first quarter revenue of $817.5 million, down 1.6% year-over-year and 3% sequentially.

MILPITAS, CA — North America-based semiconductor equipment manufacturers posted $3.92 billion in billings worldwide in December, up 46.1% year-over-year and down 0.5% sequentially, according to SEMI.

BANNOCKBURN, IL – The US has lost its historic dominance in a foundational area of electronics technology – printed circuit boards – and the lack of any significant US government support for the sector is leaving the nation’s economy and national security dangerously reliant on foreign suppliers, according to a new report by IPC.  

WUTHA-FARNRODA, GERMANY – Scanfil’s EMS factory here will increase 2,200 m², with production estimated to begin in the second quarter of 2022. The existing factory is 4,500 m² and employs approximately 270 staff.

CARSON CITY, NV – Rocket EMS announced it has begun electronics manufacturing operations in a newly acquired 50,000 sq. ft. facility here.

NEENAH, WI – Owing to supply chain challenges, Plexus will not meet its fiscal first quarter revenue guidance of $825 million to $865 million, the firm says.

BRONSCHHOFEN, SWITZERLAND - Cicor Group announced today discussions are underway with the owners of SMT Elektronik with the target of acquiring the German company's electronic manufacturing services activities.

SAN FRANCISCO – Following a merger announcement between Tempo Automation and ACE Convergence Acquisition Corp. in October, yesterday ACE filed a supplement to its Dec. 15 proxy statement, wherein ACE proposed to extend the date by which the company must consummate its initial business combination from Jan. 30 to July 13.