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TAIPEI – Hon Hai Precision Industry (Foxconn) reported May sales rose 78.1% to NT$163.2 billion (US$5.02 billion) on high demand for consumer electronics, handsets and PCs.

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TAMPA, FL -- Bulova Technologies continues to search for a buyer for its contract manufacturing unit even in the wake of several new contracts.

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FRANKFURT -- The German market for OEM assembly and electronics manufacturing services is expected to grow nearly 15% to 23.6 billion euros this year, a local trade group said.

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SAN JOSE The Semiconductor Industry Association today upped its worldwide chip sales forecast, saying the market will grow 28.4% to $290.5 billion in 2010. Read more ...

BANNOCKBURN, ILIPC has revised its standard for power conversion devices, offering expanded guidance for design qualification testing and new coverage of moisture sensitivity levels and corrosion.

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HELSINKI -- The parent company of top 40 EMS firm Scanfil has acquired a 40% stake in Panphonics, a leading provider of directional audio solutions.

Tampere, Finland-based Panphonics manufactures high-end speakers.

It is not clear whether Scanfil EMS, which specializes in telecom and industrial products, will directly benefit from the acquisition.

TAIPEI -- Top 20 contract assembler Universal Scientific Industrial reported May revenues rose 21% from a year ago to NT$4.88 billion ($151 million).

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NEENAH, WI -- Plexus is building a design center in Germany, with an expected completion date in the December quarter.

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SAN JOSE – First-quarter global semiconductor equipment orders reached $9.41 billion, up 484% year-over-year, and up 28% compared to the fourth quarter of 2009, SEMI says.

Semiconductor equipment billings reached $7.46 billion, up 142% year-over-year, and up 32% sequentially.

SEMI gathered the information with the Semiconductor Equipment Association of Japan from more than 120 global equipment firms.

ARLINGTON, VA -- Electronic component orders swung upward again in May, according to the monthly order index compiled by the Electronic Components Association.

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BANNOCKBURN, IL – A group of leading solder manufacturers has issued a position statement showing its support for government intervention as a means to stop the flow of controversial metal ores from Congolese mines.

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WALTHAM, MAExtech Instruments has awarded two scholarships to local high school graduates.

The graduates were named outstanding students in the Waltham High School Vocational Electronics and Electrical programs.

This year’s recipients are Nicholas Benoit (electronics studies) and Peter Dennison (electrical studies).

Each student also received an Extech EX505 industrial multimeter and IR250 laser IR thermometer.

Extech provides handheld test and measurement tools worldwide.

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