News
BANNOCKBURN, IL – Some 75% of electronics manufacturers are experiencing rising material costs, while 74% indicate that labor costs are on the rise, according to IPC’s January Sentiment of the Global Electronics Manufacturing Supply Chain report. At the same time, profit margins, inventory from suppliers and ease of recruitment are presently declining, though ease of recruitment is rising at a faster pace in APAC and Europe than in North America.
GLENVIEW, IL – ITW's Test & Measurement and Electronics segment saw $732 million in revenue for the fourth quarter, marking a 10% increase from the fourth quarter of 2021.
TEMPE, AZ – Benchmark Electronics announced fourth quarter revenue of $751 million, a 19% increase from the fourth quarter of 2021.
STAMFORD, CT – Worldwide shipments of total devices (PCs, tablets and mobile phones) are projected to decline 4.4% in 2023, to total 1.7 billion units, according to Gartner, Inc. In 2022, the devices shipment market declined 11.9%.
SPOKANE VALLEY, WA – For the second quarter of its fiscal year, Key Tronic Corporation reported revenue of $123.7 million, compared to $134.5 million in the same period of fiscal year 2022.
SHIPPENSBURG, PA – Niche Electronics, an electronics manufacturing services company based in southcentral Pennsylvania, has announced the purchase of Waltham, MA-based L-Tronics, Inc.
