NEENAH, WI – Plexus reported fiscal second quarter revenue of $767.4 million, down 2.7% year-over-year and 10% sequentially.
SCOTTSDALE, AZ – Worldwide IC unit shipments will register their first-ever back-to-back annual decline in 2020, according to IC Insights.
KYOTO, JAPAN – Yoshio Tateishi, former president and CEO of Omron, died of pneumonia caused by Covid-19.
SANTA ANA, CA – Ducommun expects to report first quarter revenues in excess of $170 million on Apr. 30. The firm had first quarter revenues of $172.6 million during the same quarter last year.
EINDHOVEN, THE NETHERLANDS – Neways Electronics reported first quarter net revenue of €127.2 million (US$138.3 million), down 4.3% year-over-year.
FRANKFURT – A influential German trade group is supporting the EU Commission’s recommendations to overcome the current economic and societal shutdown.
BANGI, MALAYSIA – Frencken Group received approval from authorities to continue manufacturing operations in Malaysia.
TAIPEI – Foxconn plans to build a joint IC packaging and testing plant in Qingdao, Shandong Province, China, as part of the company’s efforts to enter the semiconductor industry.
FRAMINGHAM, MA – Ravaged by the Covid-19 pandemic and comorbid economic malaise, the outlook has turned for the worldwide IT services market. This is the first time since the two world wars that the global economy has been disrupted both by demand and supply at such a scale, says International Data Corp.
FRAMINGHAM, MA – A new index of leading indicators for IT spending launched by International Data Corp. supports recent forecasts that point toward declines in overall technology spending in 2020, but also highlights opportunities where businesses may be looking to increase short-term investments as part of their response to the Covid-19 crisis.
BANNOCKBURN, IL — IPC sent a letter to US president Donald Trump, Mexican president Andrés Manuel López Obrador and Canadian prime minister Justin Trudeau urging them to launch a trilateral initiative to mobilize industrial base support for the continuing medical response related to Covid-19.