CYPRESS, CA – Hanwha Precision Machinery has launched a 7,653 sq. ft. integrated tech center in Germany named the Hanwha Europe Technical Center.

HAIPHONG, VIETNAM – Pegatron plans to set up production facilities in Vietnam, according to reports.

BANNOCKBURN, IL – Research on surface finishes for HDI boards has been selected for the best paper award for the upcoming IPC Apex Expo 2020 technical conference. Taking top honors in the domestic paper category is “Reliable Nickel-Free Surface Finish Solution for High-Frequency-HDI PCB Applications” by Kunal Shah, Ph.D., of LiloTree.  

EAST LONDON, SOUTH AFRICA – Yekani Manufacturing has shut the doors on its 301,389 sq. ft. smart factory and faces liquidation, according to reports.

ATLANTA – Prime Technological Services has acquired TeligentEMS for an undisclosed sum.

VINH PHUC PROVINCE, VIETNAM – Compal Electronics is planning a second plant in Vietnam, with its first reaching full capacity around the second quarter of this year.

SCOTTSDALE, AZ – The correlation coefficient between worldwide GDP growth and IC market growth over the past decade was 0.85 (0.96 excluding the memory market in 2017 and 2018), a strong figure given a perfect positive correlation is 1.0, says IC Insights.

TIANJIN, CHINA – The government of Tianjin is discussing the sale of two firms to TCL Corp., according to reports.

STAMFORD, CT – Worldwide IT spending is projected to total $3.9 trillion in 2020, an increase of 3.4% from 2019, according to Gartner. Global IT spending is expected to cross into $4 trillion territory next year.

STAMFORD, CT – Worldwide semiconductor revenue totaled $418.3 billion in 2019, down 11.9% from 2018 on a slump in memory demand, according to Gartner.

TAIWAN – Foxconn and Fiat Chrysler are joining to make electric vehicles for the Chinese market, according to reports.

WASHINGTON – “The electronics manufacturing industry applauds the US Senate for approving the US-Mexico-Canada Agreement (USMCA) with broad bipartisan support,” said president and CEO John Mitchell, IPC.