News
BERMATINGEN, GERMANY – Rohwedder AG will acquire JOT Automation from Elektrobit Corp. for 29 million euros, less contingencies covering JOT's interest-bearing liabilities and its financial performance in 2007 and 2008.
SAN JOSE -- Sanmina-SCI has issued a pair of offerings worth some $600 million, which the company will use to pay down debt.
The EMS provider said the $600 million in notes would be issued to qualified institutional buyers in the U.S.
The EMS provider said the $600 million in notes would be issued to qualified institutional buyers in the U.S.
TAIPEI -- Asustek's chairman said the motherboard maker will its separate its contract manufacturing operations from its branded products group as soon
as possible. The company previously said it would split the divisions in 2008.
Instead, the company will split the operations by year end , and the new company will be listed on the Hong Kong Stock Exchange, according to published reports.
Instead, the company will split the operations by year end , and the new company will be listed on the Hong Kong Stock Exchange, according to published reports.
WESTLAKE, OH – On April 27, Nordson Corporation filed a patent infringement action in the Tokyo District Court against Jetmaster and Jetmaster2, manufactured by Musashi Engineering Inc.
The complaint alleges that two Musashi products infringe two of Nordson’s Japanese patents, and that the operation of the Jetmaster and Jetmaster 2 infringes a third Japanese patent.
Nordson, through its subsidiary, Asymtek, owns three Japanese patents relating to DJ-2100 and DJ-9000 jet dispensers.
SCOTTSDALE, AZ – The IC industry as a whole registered a five-year CAGR of 12% between 2001 and 2006. However, the cellular phone IC market displayed the most notable CAGR of 22% during that time period, says IC Insights in its May update of the McClean Report.
For the first time ever, cellular handset unit volume shipments are forecast to total more than one billion this year, the research firm predicts.
Cellular phone handset unit shipments, revenue, and ASP are forecast to be +10%, +3%, and -6%, respectively.
Nokia is expected to ship more than 400 million handsets, and Sony Ericsson cellular phone shipments are expected to surge at least 40%, exceeding Samsung in handset revenue this year.
NEW YORK – General Atlantic and Francisco Partners, major private equity firms, have sued Aeroflex Inc., saying the maker of electronics test equipment owes them a larger fee for breaking off a pending merger.
According to an SEC filing, the $22.5 million breakup Aeroflex agreed to pay was some $15 million less than GA and Francisco claim they are owed.
