FORT LAUDERDALE, FL – A private equity firm has purchased electronics manufacturer Masterwork Electronics for an undisclosed sum.
KENITRA, MOROCCO – The Full Home Energy (FHE) Group is opening a printed circuit board assembly plant in Morocco, according to published reports.
JASPER, IN – Kimball Electronics says the US tariffs on certain goods imported from China could lead customers to move production offshore, leading to plant closures in the US.
TORONTO – Celestica posted second quarter revenue of $1.7 billion, up 9% year-over-year.
BANNOCKBURN, IL — North American printed circuit board shipments in June were up 12.6% year-over-year, says IPC. Year to date, shipments were 10.5% above the same period last year. Sequentially, shipments increased 18%.
MILPITAS, CA – Jonathan Davis, global vice president of industry advocacy at SEMI, testified before a US interagency panel this week against $16 billion in additional tariffs on Chinese goods. This comes two months after he opposed $34 billion in US trade tariffs in front of the same panel on behalf of SEMI.
NEVADA CITY, CA – In 2017, worldwide revenue for contract electronics manufacturing services increased 10.8%, resulting in combined EMS and ODM revenue of $471 billion, says New Venture Research.
SAN JOSE, CA – Sanmina reported fiscal third quarter revenue was $1.81 billion, up 5.8% year-over-year and 7.7% sequentially.
CHICAGO – In 2017, US Imports from the 14 largest trading partners in Asia rose $55 billion, or 8%, to reach a record high, according to an A.T. Kearney report.
BOSTON – As the makers of leading brands like Harley-Davidson, Daimler and Whirlpool move or contemplate the relocation of manufacturing from the US, questions over the import tariffs have become real to the electronics supply chain this summer.
SAN JOSE, CA – Flex reported fiscal first quarter net sales were $6.4 billion, up 7% year-over-year.
BANNOCKBURN, IL – The US House and Senate finalized the full-year 2019 National Defense Authorization Act (NDAA) and included a provision on military electronics backed by IPC.