SAN FRANCISCO – Tempo Automation has laid off 62 of its employees, leaving only seven employees on its payroll in an effort to reduce overhead and keep the company operational, according to an SEC filing from Monday.

WASHINGTON – The Semiconductor Industry Association has called on the US government to refrain from any more restrictions on chip sales to China, saying additional measures against the country could disrupt supply chains and prompt continued retaliation from China. 

NORTHVALE, NJ – ADM Tronics announced revenue of $3.68 million for its fiscal year, an increase of 15% from the previous year's total of $3.2 million.

STOCKHOLM – Note reported sales of SEK1.1 billion ($107.6 million) for the first quarter, an increase of 20% compared to last year's first quarter.

FORT WORTH, TX – S&B Industries, a subsidiary of Foxconn located in Fort Worth, TX, is laying off 115 employees beginning on July 21, according to a Worker Adjustment and Retraining Notification Act notice.

BERLIN – Otis Worldwide has opened a new €8 million ($9 million) PCB production facility dedicated to advanced and complex PCB designs, as well as rapid prototyping and industrialization.

STOCKHOLM – Mycronic reported second-quarter sales of SEK1.25 billion ($1.22 billion), a 2% decrease from last year's second quarter.

BILLINGSTAD, NORWAY – Kitron announced record revenue of €206.3 million ($230.8 million) for the second quarter, an increase of 31% compared to the second quarter of last year.

JUÁREZ, MEXICO – Kurtz Ersa has broken ground on a new production facility in Juárez, Mexico, to meet the growing demands of the North America market.

MUNICH – Katek SE announced that it has finalized the acquisition of Madison, AL-based electronics supplier Nextek. 

KLAGENFURT, AUSTRIA – CMS Electronics announced the expansion of its product portfolio with the establishment of a new subsidiary, PCBWhiz.

SAN FRANCISCO – Global sales of semiconductor manufacturing equipment by OEMs next year are forecast to bounce back from a projected contraction of 18.6% to $87.4 billion in 2023, SEMI announced in its Mid-Year Total Semiconductor Equipment Forecast. The expected 2024 recovery – to $100 billion – will be driven by both the front-end and back-end segments.