NEW TAIPEI CITY, TAIWAN -- New Kinpo Group plans to invest some NT$3 billion (US$100 million) to expand production in Southeast Asia and Brazil. The investments will boost capacity for printers, hard disk drives and set-top boxes, company executives said.
JASPER, IN -- Kimball International plans to spin off its electronics manufacturing services business unit under a separate stock listing. The unit will be named Kimball Electronics, and will result in shareholders owning two standalone publicly traded companies.
CHENGDU, CHINA – Goepel Electronic has opened a subsidiary here to provide customer service and support for existing test systems and help in installing and running new equipment.
TOKYO -- Panasonic's cost-cutting will next hit its chip assembly unit as the company has a deal in place to sell three plants to United Test and Assembly Center, Reuters reported today. Panasonic is declining comment on the report, which claims a deal will be completed by early February.
MILPITAS, CA -- Silicon Turnkey Solutions today announced the asset acquisition of Bay Area EMS, a Milpitas-based electronics manufacturing services company. Terms were not disclosed.
AUSTIN, TX — VirTex Enterprises has acquired fellow EMS MTI Electronics for an undisclosed sum. Menomonee Falls, WI-based MTI will become a wholly owned subsidiary and is expected to maintain its current operations and personnel.
NEENAH, WI – Plexus tonight reported fiscal first-quarter sales of $534 million, up 0.66% year-over-year. Net income was $17.7 million, up 6.6% compared to the same quarter last year.
IRVINE, CA -- MFlex today said preliminary fiscal first quarter revenue will be within previous company guidance albeit sharply lower than a year ago. Continued softness in the current quarter will spur restructuring and losses, the company said.
BANNOCKBURN, IL – IPC released a global survey this month to collect data for the IPC International Technology Roadmap for Electronic Interconnections, and for IPC’s 2014 Technology Trends Study.
ANGLETON, TX -- Benchmark Electronics today guided for higher-than-expected revenue for its fiscal fourth-quarter ended Oct. 24. The EMS company had previously guided for $685 million to $715 million in revenue for the period.
MINNEAPOLIS -- CyberOptics received a double dose of good news as its board settled on a permanent CEO and raised its outlook for the just-completed fourth quarter. The AOI equipment maker expects sales of $8.2 million to $8.6 million for the fourth quarter ended Dec. 31, exceeding previous sales guidance of $7 million to $8 million.
AUSTIN, TX – Embedded resistors, widely employed in the defense and aerospace industry, are finding new applications in consumer, telecom, computing and industrial, a new report says. Likewise, planar capacitance, used in the high-performance computing and communication segments for many years, is expanding into IC packages and modules thanks to higher capacitance levels now available, says TechSearch International.