SAN FRANCISCO -- IC revenue is expected to grow an aggregate 28.7% between 2012 and 2017, according to a new study from New Ventures Research.

IC packaging revenue will grow even faster -- 33.5% over the next five years.

SHENZHEN -- Nam Tai Electronics's first-quarter revenue shot up 102% year-over-year as the contract assembler continued its hot streak. Despite the gains, however, the EMS firm warned of problems ahead.

BILLINGSTAD, NORWAY -- Two days after announcing the resignation of its CEO, Kitron's management changes continued with the appointment of Cathrin Nylander as chief financial officer.

TORONTO -- Artaflex announced today that it has completed its going private transaction previously announced on Mar. 26, 2013.

HAWTHORNE, CA – OSI Systems reported revenues of $198 million, a decrease of 5% year-over-year for the fiscal third-quarter ended Mar. 31.

MINNEAPOLIS – CyberOptics reported consolidated sales of $6.7 million, down 41% year-over-year.

TOKYO – Omron reported consolidated net sales for fiscal 2012, ended Mar. 31, increased 5% year-over-year to $6.5 billion.

SIEVI, FINLAND – Scanfil reported first-quarter revenue of EUR 44 million, up 3.3% year-over-year.

ANGLETON, TX -- Benchmark Electronics reported first-quarter net income nearly doubled to $11 million, despite lower sales and softness in the computing sector.

ELKHART, IN -- CTS announced first-quarter EMS segment sales plunged 27% on lower demand for defense and aerospace electronics.

BILLINGSTAD, NORWAY -- Kitron chief executive Jørgen Bredesen will resign from the contract assembler, effective no later than October.

OYSTER BAY, NY -- The global market for auto driver-assist systems is forecast to grow 41% compounded annually through 2020, new research says.