MILPITAS, CA – Global fab equipment spending for front-end facilities is expected to decrease 22% year-over-year to $76 billion in 2023 from a record high of $98 billion in 2022 before rising 21% YoY to $92 billion in 2024 to reclaim lost ground, SEMI announced in its latest quarterly World Fab Forecast report. The 2023 decline will stem from weakening chip demand and higher inventory of consumer and mobile devices.

SENAI, MALAYSIA – VS Industry reported revenue of MYR1.15 billion ($258 million) for the second quarter of its fiscal year, a 13.1% increase from the second quarter of last year.

CHENNAI, INDIA – Indian PCBA manufacturer Syrma SGS Technology is looking to double its SMT lines by using the proceeds of its IPO.

ARLINGTON, VA – JEDEC has announced the formation of the JC-42.9 Automotive Steering Subcommittee responsible for investigating memory technologies and recommending solutions pertaining to automotive applications.

MINNEAPOLIS – Nortech Systems announced $35.6 million in revenue for the fourth quarter, up 6.4% compared to the fourth quarter of 2021.

LEESBURG, VA – Zollner Elektronik AG will invest $18 million to expand in Virginia, including boosts to its electronics manufacturing operations in Danville as well at the company’s U.S. headquarters in Leesburg, adding a total of 100 jobs between the two locations.

LOUISVILLE, KY – Sypris reported $29.7 million in revenue for the fourth quarter, a 15.2% year-over-year increase and a 17.9% sequential increase.

ST. PETERSBURG, FL – Jabil reported $8.1 billion in revenue for the second quarter of its fiscal year.

JOHOR, MALAYSIA – Cape EMS announced revenue of MYR118.2 million ($26.3 million) for the fourth quarter, an increase of 17.4% from the same quarter of 2021.

JOHOR, MALAYSIA – Malaysian EMS provider Cape EMS ended its debut in the Main Market of Bursa at RM1.50 ($0.33), representing a premium of 67% over its IPO price of 90 sen ($0.002).

ATLANTA – The electronic components sales sentiment climbed to 90.6 in February, according to the Electronic Components Industry Association's latest Electronic Component Sales Trends survey, beating expectations for the month and continuing an upward trend that began in December.

SANTA ANA, CA -- TTM Technologies has signed a definitive agreement to sell its Shanghai backplane assembly plant for approximately $11.8 million, subject to customary post-closing adjustments, to DBG Holdings.