MILWAUKEE, WI – Milwaukee Electronics appointed Jered Stoehr to chief executive officer, succeeding his father P. Michael Stoehr, who will serve in the role of executive chairman.
SOFIA, BULGARIA – Sanmina purchased Osram’s plant here for the production of digital lighting components, according to reports.
GLENVIEW, IL – Illinois Tool Works reported its test & measurement and electronics unit had fourth quarter revenue of $534 million, down 3.3% year-over-year. Operating income for the segment was $153 million, a decrease of 1.3% compared to the same quarter in 2019.
TEMPE, AZ – Benchmark Electronics reported fourth quarter sales of $521 million, an increase of 2.6% year-over-year, down 0.95% sequentially.
MINNEAPOLIS – SMTA announced the best papers from SMTA International 2020. Richard Coyle, Ph.D., Nokia Bell Labs, won the Best of Proceedings category for "Enhancing Thermal Fatigue Reliability of Pb-Free Solder Alloys with Additions of Bismuth and Antimony."
BOSTON – Strong demand for home computers, tablets and games consoles helped consumer electronic revenues reach $358.5 billion in 2020, an increase of 7% over 2019, according to Strategy Analytics.
NUREMBERG – Due to the continuing high rate of infections and the associated restrictions, Mesago Messe Frankfurt is cancelling SMTconnect, previously scheduled for May 4-6 here.
SINGAPORE – Kulicke & Soffa Industries acquired a 100% equity stake in Uniqarta, including Uniqarta's patent portfolio and other intellectual property rights.
JASPER, IN – Kimball Electronics said fiscal second quarter consolidated net sales increased 4.4% year-over-year to $320.6 million. Foreign currency had a favorable 3% impact on net sales in the quarter ended Dec. 31 compared to the same period a year ago.
NEWARK, NY – IEC Electronics Corp. reported fiscal first quarter revenues of $47.5 million, up 6.3% year-over-year and 6.1% sequentially.
ATLANTA – Following a typical slowdown in December, ECIA’s most recent survey reveals strong month-to-month growth in January for electronic component sales. The group expects even stronger performance in February.