WASHINGTON, DC -- New bipartisan legislation introduced by US Representatives Blake Moore (R-UT) and Anna Eshoo (D-CA) encourages investment in a trusted, reliable domestic source of PCBs and substrates, and is generating plaudits from an industry association dedicated to building the domestic printed board industry.

MINNEAPOLIS -- Nortech Systems reported first quarter revenue of $34.9 million, up 13.6% from the first quarter of 2022.

SAN JOSE -- Flex today announced net sales of $7.5 billion for its fourth quarter and fiscal year ended March 31, up 9.1% from a year ago.

HAUPPAUGE, NY – Orbit International announced that bookings from its Electronics Group in April were $1.74 million. Deliveries for some of these orders have already commenced and are expected to continue through the first quarter of 2024.

TAIPEI – Foxconn's revenue in April fell 11.77% year-on-year due to weakness in smart consumer electronics, and the company said it expects business to drop this quarter.

VEJLE, DENMARK – GPV announced record first-quarter revenue of DKK2.7 billion ($398 million), a threefold increase from the first quarter of 2022, due in large part to the company's merger with Enics that took effect last October.

ELK GROVE VILLAGE, IL – SigmaTron has announced that it reached an agreement in late April to sell a majority position of its wholly owned subsidiary, Wagz, to Vynetic.

TEMPE, AZ – Benchmark Electronics saw revenue increase 9% year-over-year to total $695 million for the first quarter.

SANTA ANA, CA – Ducommun reported revenue of $105.6 million for its Electronic Systems segment in the first quarter, up 8.3% compared to the revenue of $97.5 million for the first quarter of 2022.

MELVILLE, NY – Micross Components has announced the acquisition of Technograph Microcircuits, a provider of hybrid integrated circuits, RF & microwave products, optoelectronics, and PCB assembly.

WASHINGTON – Worldwide sales of semiconductors totaled $119.5 billion during the first quarter of 2023, a decrease of 8.7% compared to the fourth quarter of 2022 and 21.3% less than the first quarter of 2022, according to the Semiconductor Industry Association's monthly findings.

SPOKANE VALLEY, WA – Key Tronic reported revenue of $164.6 million for the third quarter of its fiscal year, up 19% from $138.4 million in the same period of fiscal year 2022.