NEEDHAM, MA – The pace of recovery for the smartphone market accelerated in the first quarter, with 25.5% year-over-year shipment growth, according to International Data Corp. Smartphone vendors shipped nearly 346 million devices during the quarter.

KUALA LUMPUR – VS Industry (VSI) said construction of its new electronics manufacturing facilities in Johor, Malaysia, are on track to be completed soon. The new capacity permits the EMS company to meet increased orders.

GLENVIEW, IL – Illinois Tool Works reported first quarter test & measurement and electronics revenue was $552 million, an increase of 13.8% year-over-year and 3.4% sequentially. Organic growth was up 11%.

HAWTHORNE, CA – OSI Systems reported fiscal third quarter revenue of $283.8 million, down 3.1% year-over-year.

SAN JOSE -- Nextracker has confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission relating to the proposed initial public offering of its Class A common stock.

WATERBURY, CT -- Element Solutions' electronics unit recorded net sales of $354 million in the first quarter, up 31% from last year.

NORFOLK, UK -- Vanilla Electronics today announced the acquisition of electronics manufacturing services company Bela Electronic Designs. No financial terms were disclosed.

TORONTO – Celestica reported first quarter revenue was $1.23 billion, a decrease of 6% year-over-year.

WASHINGTON ― A US Congressman this week introduced a bill requiring defense contractors to notify the US Department of Defense if China, Russia, Iran and North Korea produce any printed circuit boards used in their electronics systems.

TEMPE, AZ – Benchmark Electronics posted first quarter sales of $505.7 million, down 1.8% year-over-year and 2.9% sequentially.

MILPITAS, CA – North America-based semiconductor equipment manufacturers posted $3.27 billion in billings worldwide in March (three-month average basis), up 48% year-over-year and 4.2% sequentially, according to SEMI.

BANNOCKBURN, IL – The global economy should grow roughly 5% in 2021, says IPC, driven by growth in the US and China. The US should see first quarter growth eclipse 6% (seasonally adjusted annual rate), led by additional fiscal stimulus and the broad lifting of Covid-related restrictions.