TAIPEI – Foxconn says it will give priority to profit improvement, with a goal of increasing its gross margin to 10% over the next three to five years, according to reports.

ATLANTA – The ECIA board of directors and council leaders assigned the Global Industry Practices Committee to anticipate the untangling of inventory issues inflicted through the tariffs by identifying a checklist of areas and issues for consideration when tariffs are removed.

HERTFORDSHIRE, UK – The International Tin Association and the Responsible Minerals Initiative have developed and published criteria to clarify a common upstream and downstream view of due diligence requirements for the tin supply chain.

TAIPEI – Foxconn reported net profit in the third quarter of T$30.7 billion ($1 billion), up 23%, according to reports.

HANOVER, GERMANY – Viscom posted third quarter revenue of €18.3 million (US$20.2 million), down 17.3% year-over-year.

MINNEAPOLIS – Nortech Systems reported third quarter net sales of $30.1 million, an increase of 1.7% year-over-year.

LOUISVILLE, KY – Sypris Electronics reported third quarter revenue of $6.6 million, up 6.5% year-over-year.

TAIPEI – Yageo plans to purchase Kemet in a $1.8 billion deal, according to reports. The electronic company says it will fund the transaction with cash and committed financing.

CHICAGO – In the third quarter of 2019, large-tier EMS providers’ revenue increased 5.4% year-over-year, compared to an increase of 8.1% in the third quarter of 2018, says Lincoln International. Mid-tier EMS providers’ revenue was up 1.9% in the third quarter, compared to 9% in the third quarter of 2018. Small-tier EMS providers experienced the largest growth, representing 11.6%, versus 9.6% in the third quarter of 2018.

TORONTO – SMTC Corp. reported third quarter revenue of $88.7 million, up 65.2% year-over-year.

BANG KADI, THAILAND – SVI Public Co. Ltd. posted third quarter consolidated sales of $126.6 million, down 8% year-over-year and 6% sequentially. The firm says the decrease was more significant in Thai Baht, as Thai Baht was weaker in the third quarter of 2018 versus 2019.

GENT, BELGIUM – Ucamco today announced plans to extend its Gerber data transfer format to include components.