GLENVIEW, IL -- Illinois Tool Works' Power Systems and Electronics business unit reported year-over-year sales growth of 16% for the three months ended Aug. 31.

STAMFORD, CT — Semiconductor inventories are again on the rise and are headed toward "worrisome" levels," precipitating a correction in late 2011, Gartner warned yesterday.

WATERTOWN, SD – OEM Worldwide today announced a four-year $11 million expansion that could add up to 150 new jobs.

The electronics contract manufacturer has completed its first phase, a 50,000 sq. ft. expansion to its facility here. Future plans include upgrading and replacing the company’s automated printed circuit board assembly equipment.

OEM specializes in high-mix, low-to-medium volume PCB assemblies and higher-level assembly for precision products in medical, communications and industrial applications.

The firm anticipates expanding into military/aerospace and smart grid markets, and will add 150 new jobs.

BANNOCKBURN, IL – After a big 2010, printed circuit board production in the Americas is expected to grow 2.5% in 2011, IPC said.

IPC based its forecast on a sample of 40 North American PCB manufacturers with an aggregate $2.3 billion in total sales, accounting for approximately 55% of the North American market.

Last year, North American rigid PCB sales rose 18%, while flexible PCB sales grew 16%. Production increased 6.9% in North America.