TAIPEI – Foxconn reported second quarter revenue up 20% year-over-year to NT1.36 trillion (US$48.6 billion).

FREDERICK, MD – ACDi acquired Enhanced Manufacturing Solutions to expand its geographical footprint, increase manufacturing capacity and complement service and product offerings. No financial terms were disclosed.

DONGGUAN, CHINA – ICAPE Group received €125 million (US$148.1 million) in revenues in 2020 and expects 30% growth in 2021.

MONTEREY PARK, CA – Quantic Electronics acquired Union Technology Corp. for an undisclosed sum.

BANNOCKBURN, IL – IPC expects the global economy to expand 6.1% in 2021 and another 4% in 2022, according to a new IPC report from Shawn DuBravac, Ph.D., chief economist.