News
ANAHEIM, CA -- Bruce McMaster, president and chief executive of
quickturn PCB maker DDi Corp., resigned today, effective immediately.
The company named senior vice president and CFO Mikel Williams to
replace him. A new CFO will be sought. DDi is the 8th largest
U.S.-based PCB company, with sales of about $195 million last year, although in terms of revenues from U.S.
operations it ranks fourth.
ENDICOTT, NY -- Endicott Interconnect Technologies, a supplier of electronic interconnect solutions and
turnkey manufacturing services, announced a contract to supply several major components in support of the E-2D
Advanced Hawkeye Program for Raytheon-Network Centric Systems.
Endicott Interconnect will be responsible for PWB design, fabrication and circuit card assembly production of multiple components in support of this program.
The E-2D Hawkeye aircraft is used by the U.S. Navy primarily as an all-weather, airborne battle management and command and control center. It has been in active service with the U.S. Navy since 1973. The major components of the Advanced Hawkeye are among the latest in a continual series of modifications and upgrades to enhance the aircraft's capabilities.
"With Endicott Interconnects new win with Raytheon, we further enhance the company's position as the 'Supplier of the Future' to Raytheon," said Jay McNamara, chief executive. "From our initial engagements through today, we've made the commitment to deliver unparalleled customer service, technical support, improved quality and manufacturability in the products we build for Raytheon. Our staff of experienced professionals will continue to support the Raytheon team with development efforts on the Advanced Hawkeye, as well as other programs," he said.
Endicott Interconnect will be responsible for PWB design, fabrication and circuit card assembly production of multiple components in support of this program.
The E-2D Hawkeye aircraft is used by the U.S. Navy primarily as an all-weather, airborne battle management and command and control center. It has been in active service with the U.S. Navy since 1973. The major components of the Advanced Hawkeye are among the latest in a continual series of modifications and upgrades to enhance the aircraft's capabilities.
"With Endicott Interconnects new win with Raytheon, we further enhance the company's position as the 'Supplier of the Future' to Raytheon," said Jay McNamara, chief executive. "From our initial engagements through today, we've made the commitment to deliver unparalleled customer service, technical support, improved quality and manufacturability in the products we build for Raytheon. Our staff of experienced professionals will continue to support the Raytheon team with development efforts on the Advanced Hawkeye, as well as other programs," he said.
SAN JOSE – Worldwide sales of semiconductors
rose 5.2% sequentially to $19.6 billion in September, the SIA reported today. Global chip sales increased 5.6%
over September 2004.
Third-quarter sales were up 8.9% sequentially.
Third-quarter sales were up 8.9% sequentially.
GRAZ, AUSTRIA -- The global semiconductor market is expected to grow 6.6% on an annualized basis to $227 billion in 2005, according to fall forecast of the World Semiconductor Trade Statistics. Worldwide growth will accelerate to 8% in 2006 and 10.6% in 2007, with Asia-Pacific being the largest and fastest growing regional market, the trade group said.
SAN JOSE -- Michael Moritz and Patrick Foley resigned
from the board of Flextronics International Ltd., effective Oct. 18, the company said.
The company named Lip-Bu Tan to its audit committee, in compliance with Nasdaq requirements.
The company named Lip-Bu Tan to its audit committee, in compliance with Nasdaq requirements.
VANCOUVER -- Nam Tai
Electronics on Monday reported
third-quarter flat net income of $18.8 million on sales of $207
million, up 50.6% year-over-year. The EMS company's sales are up 44.3%
year-to-date, although net income has dropped 65% to $38.6 million.
REDMOND, WA -- Data I/O Corp., a maker of manual and automated
device
programming systems, today announced third-quarter
net income of $127,000 on revenues of $6.6 million. For the quarter
ended Sept. 30, revenues were flat sequentially and incomes was up
140%.
Fourth quarter revenues are expected to increase significantly, the firm said.
Fourth quarter revenues are expected to increase significantly, the firm said.
JOHOR BAHARU, MALAYSIA -- Flextronics's new 1.3 million sq. ft.
manufacturing campus in the Port of Tanjung Pelepas free trade zone is
expected to be operational as scheduled by next April, according to a
news report today.
The EMS company will use the site for production and logistics. Some of the firm's suppliers will locate there as well.
When operational, the facilities will employ as many as 15,000 staff, including 1,000 engineers, the report said.
A Japanese electronics company, JST Manufacturing Co., will also site a 1 million sq. ft. plant on in PTP, the report said. The $100 million facility will be open by August.
The EMS company will use the site for production and logistics. Some of the firm's suppliers will locate there as well.
When operational, the facilities will employ as many as 15,000 staff, including 1,000 engineers, the report said.
A Japanese electronics company, JST Manufacturing Co., will also site a 1 million sq. ft. plant on in PTP, the report said. The $100 million facility will be open by August.
Austin, TX –Austin American Technology (AAT) appointed Technical Resources Corp. (TRC) to represent its cleaning equipment and technologies in Florida, the Caribbean and Costa Rica. TRC has sales and service offices in Tampa and Boca Raton, FL, as well as in San Juan, Puerto Rico.
Austin American Technology provides cleaning technology for industrial cleaning applications ranging from electronics manufacturing to specialized parts cleaning.
Austin American Technology provides cleaning technology for industrial cleaning applications ranging from electronics manufacturing to specialized parts cleaning.
LOUISVILLE, KY -- Sypris Solutions today reported third-quarter net income fell 21% to $3 million despite record
revenue. Net orders for the quarter reached a record $139.2 million, driven by
an 83% increase in bookings for electronics.
MINNEAPOLIS -- CyberOptics Corp. today reported September quarter net
income of $626,000 on revenues of
$10.3 million. Both figures represented a sharp drop from Q3 2004, when the maker of sensors and inspection gear reported
earnings of $3.6 million on revenues of
$19.4 million.
MYRTLE BEACH, SC -- AVX Corp. reported net income fell 8.7% to
$17 million on a 1% drop in net sales to $325.9 million in the
September quarter. Net income and sales were sequentially higher.
Chief executive and president John Gilbertson said, "The sales increases during the last three quarters indicate that end market growth is continuing, and this is a positive sign for AVX and the industry."
Income from operations improved sequentially to $19.2 million for the quarter, due to lower operating costs and greater production in low-cost regions.
"We have been able to improve profit margins during the past two quarters while reducing inventory levels," Gilbertson said. "We believe that inventory throughout the supply chain remains low, and improvements in end- market demand quickly flow through as increased demand for AVX products.
The passives components maker had a cash balance of $751.3 million at quarter's end.
Chief executive and president John Gilbertson said, "The sales increases during the last three quarters indicate that end market growth is continuing, and this is a positive sign for AVX and the industry."
Income from operations improved sequentially to $19.2 million for the quarter, due to lower operating costs and greater production in low-cost regions.
"We have been able to improve profit margins during the past two quarters while reducing inventory levels," Gilbertson said. "We believe that inventory throughout the supply chain remains low, and improvements in end- market demand quickly flow through as increased demand for AVX products.
The passives components maker had a cash balance of $751.3 million at quarter's end.
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