MINNEAPOLIS – Nortech Systems reported second quarter net sales of $30.2 million, up 14% year-over-year and 36.7% sequentially. The revenue improvement was primarily due to higher production volume resulting from actions to scale the direct labor workforce and strengthen the supply chain for parts.

TAIPEI – Inventec's board of directors approved a plan to build new production lines for servers in Mexico for an estimated $75.9 million, according to reports.

BRONSCHHOFEN, SWITZERLAND – Cicor Technologies reported net profit tripled in the first half of 2021 to CHF 5.2 million (US$5.6 million), 4.4% of sales. The favorable development of the Euro against the Swiss Franc contributed to the increase.

LOUISVILLE, KY – Sypris Electronics reported second quarter revenue was $8.8 million, down 9.3% year-over-year and up 30% sequentially.

TAIPEI – Foxconn reported second quarter revenue was NT$1.35 trillion (US$48.6 billion), up 20% year-over-year. Profit was NT$29.8 billion, up 29.7%.

NEWARK, NY -- IEC Electronics Corp. and Creation Technologies have signed a definitive merger agreement under which Creation will acquire all outstanding shares of IEC for $15.35 per share in cash, making the deal worth approximately $174 million.

NEWARK, NY -- IEC Electronics today reported revenues of $49.4 million for its fiscal third quarter ended Jul. 2, up 4.2% versus a year ago.

NEVADA CITY, CA – After China saw its economy shrink nearly 7% in the first quarter of 2020 – the first contraction of China’s economy since records began in 1992 – the centrally controlled economy almost immediately began to rebound, says New Venture Research, and the country ended the year by growing its real GDP 2.3%, the highest among the G20. China’s electronics assembly value reached a new high of nearly $346.3 billion in 2020, nearly half of the entire Asia/Pacific market, says the research firm.

SPOKANE VALLEY, WA – Key Tronic reported fiscal fourth quarter revenue of $132.6 million, up 14% year-over-year.

UTTAR PRADESH, INDIA – Dixon Technologies and Rexxam are forming a joint venture to produce printed circuit boards for air conditioners, according to reports.

PATHUMTHANI, THAILAND – SVI reported second quarter consolidated sales of THB 3.8 billion (US$122.6 million), down 8.2% year-over-year and up 10.7% sequentially.

SIEVI, FINLAND – Scanfil reported second quarter revenue of €172.9 million (US$202.9 million), up 11.1% year-over-year.