RICHMOND, UK – Cable assembly maker Volex has acquired EMS firm Servatron for up to $28.5 million in cash and shares, including assumption of $6.7 million in net debt.

MILPITAS, CA – North America-based manufacturers of semiconductor equipment posted $2.01 billion in billings worldwide in June, down 19% year-over-year and 2.5% sequentially, according to SEMI.

BURNABY, BC, CANADA – An undisclosed stake in Creation Technologies has been sold by one private equity firm to another.

SAN JOSE – Sanmina reported fiscal third quarter revenue of $2 billion, up 11.8% year-over-year and down 4.7% sequentially.

CAMBRIDGE, UK – The market for wearables in 2019 will reach $50 billion, more than double since 2014, says IDTechEx.

TEMPE, AZ – Benchmark Electronics will shutter assembly sites in San Jose and Guaymas, Mexico, by the end of March and lay off about 3% of its global workforce.

SAN JOSE – Flex will take up to $265 million in charges over the next three quarters in part related to layoffs of an unspecified number of workers.

CHENNAI, INDIA – Flex has opened a 159,000 sq. ft. manufacturing facility here, its fourth in India.

STAMFORD, CT – Worldwide semiconductor revenue is expected to decline 9.6% to $429 billion in 2019, according to Gartner. The research firm cited falling prices and weaker demand for key products for the drop.

GLENVIEW, IL – Illinois Tool Works reported its test and measurement/electronics unit had second quarter revenue of $533 million, down 3.8% year-over-year.

SAN JOSE, CA – Flex posted fiscal first quarter 2020 net sales of $6.2 billion, down 3% year-over-year.

ZHUHAI, CHINA – Flex commandeered Huawei Technologies’ goods worth some $101.9 million for over a month here after the US government placed Huawei on the trade blacklist, according to reports.