TAIPEI – Orient Semiconductor Electronics plans to grow its EMS business beyond electronics and strengthen its collaboration with Chipbond Technology in 5G, IoT and automotive electronics, according to reports.

SON, THE NETHERLANDS – Neways Electronics said conversations about a non-binding conditional indicative proposal by VDL to acquire all outstanding shares in Neways’ share capital have ended, following a unanimous conclusion of the board of directors and the supervisory board of Neways.

BAC GIANG, VIETNAM – A government committee near Hanoi ordered three Foxconn production facilities to close until further notice due to a Covid-19 outbreak, according to reports.

VANCOUVER, WA – Silicon Forest Electronics is merging with ESAM and Bay Computer Associates through a stock purchase agreement with VergePointe Capital in Lake Oswego, OR.

BANNOCKBURN, IL – IPC issued a call for technical conference abstracts for IPC Apex Expo 2022. The conference will be held Jan. 25-27 at the San Diego Convention Center.

LOUISVILLE, KY – Sypris Electronics reported first quarter revenue of $6.8 million, down 21.8% year-over-year.

MUNICH -- Siemens has signed an agreement to acquire Supplyframe, a design-to-source platform for the electronics value chain, for $700 million, the companies said today.

SAN FRANCISCO -- Bright Machines, a developer of software-driven automation processes, is being acquired by SCVX, a publicly traded special purpose acquisition company.

WASHINGTON – A group of US senators are expected to reveal a $52-billion five-year plan to boost US semiconductor chip production and research, according to reports.

TAIPEI -- Foxconn today said second-quarter revenue will increase 15% from a year ago, boosted by continued demand for personal computers and peripherals and new iPhones.

PENANG, MALAYSIA -- Emerging trends in global markets and product requirements have prompted electronics manufacturing services provider Escatec to acquire 100% of UK-based JJS Manufacturing in a private deal.

WAYZATA, MN – Nortech Systems reported first quarter net sales of $22.1 million, down 19.6% year-over-year.