MILPITAS, CA -- Zytek EMS, a contract electronics assembler located here, is closing its factory and selling its assets at auction.

MILPITAS, CA – North America-based manufacturers of semiconductor equipment posted $2.69 billion in billings worldwide in April (three-month average basis), according to SEMI, up 26% year-over-year and 10.7% sequentially.

LAGUNA, PHILLIPPINES – Cirtek Holdings Philippines reported first quarter consolidated revenues of $25.9 million, an increase of 53% compared to the same quarter in 2017.

NANJING, CHINA – Foxconn plans to launch an R&D center here for about $720 million, according to reports.

HAMPSHIRE, UK – The annual sales of fully autonomous vehicles (AVs) in the US will reach 5 million by 2026, says Juniper Research. The global market will account for 20 million new AVs sold during the same year.

BANNOCKBURN, IL – IPC released additional test coupons for the IPC-2221B Gerber Coupon Generator, an annual subscription service for IPC member companies.

SEOUL -- Koh Young Technology reported first quarter revenue grew 13% year-over-year, boosted by a 20% increase in its 3-D AOI business.

HAIFA, ISRAEL – Green Point, the plastic and metal parts design and manufacturing division of Jabil, announced today the opening of its new 2,000 square meter Optics Technology Innovation Center here.

SCOTTSDALE, AZ – IC Insights has raised its expectations for 2018 capital spending by six percentage points to a 14% increase. If this occurs, it would be the first time semiconductor industry capital outlays exceeded $100 billion. The worldwide 2018 capital spending forecast figure is 53% higher than 2016 spending.

WESTLAKE, OH – Nordson reported fiscal second quarter net sales of $553.7 million, up 11.6% year-over-year.

SAN JOSE, CA – Power Design Services (PDS) and Green Circuits announced a merger agreement, effective May 21. Financial and other terms were not disclosed.

SHANGHAI -- Some 16 companies, including Foxconn and China Telecom, announced their backing of the 5G industry alliance, announced yesterday here.