News
LOUISVILLE -- A federal bankruptcy judge turned down Sypris Solutions' request for quick decision by its top customer on whether to continue its supply
contracts with Sypris.
Dana Corp., which makes auto parts, is said to be Sypris' largest customer, having purchased more than $120 million in parts in 2005.
The company filed for Chapter 11
bankruptcy protection in March, however, and Sypris
was seeking for the court to order Dana to render a decision on whether to keep the
supply contracts by Oct. 3.
According to the ruling, by contract Sypris can prevent Dana from buying those parts from another
manufacturer through 2014.
NEW YORK -- Private equity firm Francisco Partners has purchased Vitronics and Universal Instruments, Circuits Assembly has learned.
An announcement is expected later today. Terms were not disclosed and the transaction is subject to normal closing conditions and regulatory approval.
Privately held Francisco focuses on investments in technology and related services businesses.
An announcement is expected later today. Terms were not disclosed and the transaction is subject to normal closing conditions and regulatory approval.
Privately held Francisco focuses on investments in technology and related services businesses.
NEW YORK -- Sales of benchtop SMT equipment for low-volume, high-mix production has been on a steady rise, says Frost & Sullivan in a new report.
The research firm says revenues for the equipment would rise to $363.7 million in 2012, from $152.4 million in 2005.
“Being an intensely competitive and fast-paced industry, electronics relies on constant innovation and improvement of its products to sustain interest among customers,” said analyst Deepa Mathew. “SMT benchtop equipment plays a crucial role by providing a high degree of flexibility and desired performance to suit low-volume, high-mix production requirements.”
The research firm says revenues for the equipment would rise to $363.7 million in 2012, from $152.4 million in 2005.
“Being an intensely competitive and fast-paced industry, electronics relies on constant innovation and improvement of its products to sustain interest among customers,” said analyst Deepa Mathew. “SMT benchtop equipment plays a crucial role by providing a high degree of flexibility and desired performance to suit low-volume, high-mix production requirements.”
NEW YORK — Automotive telematics and navigation — including hardware and services — will experience strong growth in several world regions, generating in total revenues of $38.3 billion in 2011, according to a new study by ABI Research.
"Telematics and navigation systems are converging," says transportation research associate Steve Bae.
"Telematics and navigation systems are converging," says transportation research associate Steve Bae.
SAN JOSE -- A
top predictor of the turning points in the IC industry is predicting a mild
slowdown in semiconductor sales in mid 2007.
Moshe Handelsman, founder of Advanced Forecasting, told an industry forum last week that the industry is in for its first downturn since 2004. However, he declined to attach hard numbers to his prediction.
HOUSTON — BP Microsystems, a device programming systems supplier, is changing its name and relocating headquarters. The company will now be known as BPM Microsystems.
“Our company has long been the leader in the manufacture of semiconductor programming equipment,” said Lyman Brown, vice president and COO. “Our new name will reflect the same high-quality company that customers and the industry alike have depended on for the past 21 years. However, we look forward to no longer being confused with BP Amoco, the oil company, who also has its headquarters in Houston.”.
The name change is effective as of Aug.28, and will coincide with the opening of its new headquarters building in Houston.
BPM Microsystems is now located at 5373 West Sam Houston Pkwy N, Suite 250 Houston, TX, 77041-5160. The new Website is: bpmmicro.com.
“Our company has long been the leader in the manufacture of semiconductor programming equipment,” said Lyman Brown, vice president and COO. “Our new name will reflect the same high-quality company that customers and the industry alike have depended on for the past 21 years. However, we look forward to no longer being confused with BP Amoco, the oil company, who also has its headquarters in Houston.”.
The name change is effective as of Aug.28, and will coincide with the opening of its new headquarters building in Houston.
BPM Microsystems is now located at 5373 West Sam Houston Pkwy N, Suite 250 Houston, TX, 77041-5160. The new Website is: bpmmicro.com.
Press Releases
- Pushed by glass core and high-end ICs substrates for AI, the advanced IC substrate market reaches $31 billion by 2030
- Pushed by glass core and high-end ICs substrates for AI, the advanced IC substrate market reaches $31 billion by 2030
- Ryder Vietnam - Phase 2: Building resilience and meeting demand
- Scanfil and Etteplan deepen their strategic partnership into production testing