HAWTHORNE, CA – OSI Systems' Optoelectronics and Manufacturing division reported revenue of $387.4 million for its 2023 fiscal year, an increase of 5.6% from fiscal year 2022.

TAIPEI – Taiwan-based server ODMs, including Quanta, Foxconn, Wistron (including Wiwynn), and Inventec, have set up production bases in countries like Thailand, Vietnam, and Malaysia, TrendForce reports, and it’s projected that by 2023, the production capacity from these regions will account for 23%, and by 2026, it will approach 50%.

TAIPEI – Foxconn founder Terry Gou said Taiwan's businesses are hoping for continued peace between the US and China amid increased tensions between the two nations.

PASADENA, CA – Procurement professionals are now enjoying a degree of negotiation power that they have not experienced in years due to an improved environment for the buy-side of the electronics supply chain marked by falling lead times, stubborn inventory, uneven demand, and mostly declining pricing, according to new Commodity IQ data from Supplyframe.

SAN FRANCISCO – Tempo Automation has received a letter from Nasdaq's Listing Qualifications Department notifying the company that it no longer meets the requirements for continued listing on the Nasdaq Global Market because it has not filed a quarterly financial report for the period ended June 30.

WESTLAKE, OH – Nordson's Advanced Technology Solutions sales of $140 million were a decrease of 3% compared to the prior year's third quarter.

WALTHAM, MA – Nano Dimension saw $14.7 million in revenue in the second quarter, marking a 33% increase over last year's second quarter.

BANGKOK – Fabrinet's FY2023 revenue of $2.65 billion represented a 17.3% increase compared to the $2.26 billion in revenue for fiscal year 2022.

WYLIE, TX – StenTech has announced the successful acquisition of stencil manufacturer Photo Etch Technology, along with its affiliate Utz Technologies.

KARNATAKA, INDIA – Kaynes Technology India expects a 30-50% compound annual growth rate in revenue over the next three to five years, according to a company executive.

SPOKANE VALLEY, WA – Keytronic announced total revenue of $588.1 million for its 2023 fiscal year, a company record and an increase of 11% from the $531.8 million in revenue for fiscal year 2022.

CAIRO – The Information Technology Industry Development Agency (ITIDA) and the German Agency for International Cooperation (GIZ) have signed a memorandum of understanding to promote Egypt’s offshoring sector and integrate Industry 4.0 digital technologies in local electronics manufacturing.