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GLENVIEW, IL – Illinois Tool Works reported revenue for the Test & Measurement/Electronics group was down 3.5% to $524 million in the first quarter. Operating income for the segment was $126 million, down 0.8% year-over-year.
TORONTO – Celestica posted first quarter revenue of $1.43 billion, down 4% year-over-year.
MADISON, WI – Foxconn Technology Group says it remains committed to a $10 billion Wisconsin project that will employ up to 13,000, while the firm looks for "flexibility" in the current deal, according to reports.
MAUMEE, OH – Pinnacle Technology Group announced plans for a new production facility here.
ST. PETERSBURG, FL – Jabil will close one of its plants in San Jose and lay off 150 workers, the company said.
MADISON, WI – In a letter, Wisconsin Gov. Tony Evers said Foxconn approached the state about renegotiating its contract. It was previously reported the governor was the one who wanted to alter terms.
Press Releases
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- Pushed by glass core and high-end ICs substrates for AI, the advanced IC substrate market reaches $31 billion by 2030
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