SHENZHEN – MRSI Systems (Mycronic Group) opened a Product Demo Center here.

EINDHOVEN, NETHERLANDS – VDL Groep has opted to pull its previously announced public offer for all issued and outstanding shares of Neways Electronic, the company said on its website.

SPOKANE VALLEY, WA – Key Tronic reported fiscal third quarter revenue of approximately $134.6 million, up 21% year-over-year.

WASHINGTON — Global semiconductor sales were $43.6 billion in May, an increase of 26.2% year-over-year and up 4.1% sequentially, according to the Semiconductor Industry Association.

TAIPEI – Foxconn reported second quarter revenue up 20% year-over-year to NT1.36 trillion (US$48.6 billion).

FREDERICK, MD – ACDi acquired Enhanced Manufacturing Solutions to expand its geographical footprint, increase manufacturing capacity and complement service and product offerings. No financial terms were disclosed.

DONGGUAN, CHINA – ICAPE Group received €125 million (US$148.1 million) in revenues in 2020 and expects 30% growth in 2021.

MONTEREY PARK, CA – Quantic Electronics acquired Union Technology Corp. for an undisclosed sum.

BANNOCKBURN, IL – IPC expects the global economy to expand 6.1% in 2021 and another 4% in 2022, according to a new IPC report from Shawn DuBravac, Ph.D., chief economist.

EINDHOVEN, NETHERLANDS – Neways says it has reached a conditional agreement with investment firm Infestos on a recommended public offer for all of the issued and outstanding ordinary shares, according to reports.

ATLANTA – CIRCUITS ASSEMBLY opened its 2022 New Product Introduction Awards (NPI) for printed circuit board assembly.

NEVADA CITY, CA – Worldwide contract manufacturing revenue increased 7.1% in 2020, according to New Venture Research, while the annual worldwide GDP rate was down 3.2% for the year.