WASHINGTON, DC — The Semiconductor Industry Association gave its approval to President Obama’s commitment to growing America’s innovation economy and outlined ways Congress and the Administration could support the tech sector.
BANNOCKBURN, IL – IPC’s biennial wage and salary survey for the EMS industry shows a cautious uptick in salary increases in 2011, compared to 2009, the firm says.
WASHINGTON -- New orders for manufactured durable goods in the US increased 3% to $214.5 billion in December on strong demand for new aircraft.
WASHINGTON, DC — The Semiconductor Industry Association gave its approval to President Obama’s commitment to growing America’s innovation economy and outlined ways Congress and the Administration could support the tech sector.
AUSTIN, TX -- Venkel recently released two infographics that touch on the prevailing environmental compliance issues in the electronics industry.
WHITEWATER, WI -- Contract assembler Universal Electronics says business is up on demand for flex circuits, which the company says is growing close to 20% year-over-year.
TORONTO – Electronics manufacturer Celestica reported $69.2 million in net income in the fourth quarter ended Dec, 31, up 80.2% year-over-year.
Revenue was $1.75 billion, down 6.9% compared to the same period last year.
“Celestica continued to deliver strong operating results in the fourth quarter, despite the volatility in customer demand,” said Craig Muhlhauser, president and CEO. “Celestica delivered solid revenue and earnings growth and strong return on invested capital in 2011, finishing the year with the best net cash position among our major North American competitors.”
The EMS company guided for first-quarter revenue of $1.6 billion to $1.7 billion.
"Given the economic uncertainty going into 2012, we remain focused on making our customers successful by delivering the quality, speed and flexibility they require in this challenging environment, while continuing to execute our strategy and deliver strong and consistent financial returns," Muhlhauser said.
For the year, Celestica netted $195.1 million, up 9.3%, on a 10% gain in revenue to $7.21 billion.