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JUAREZ, MEXICO -- A 900,000-square-foot building partially occupied by Foxconn was destroyed in a fire this week.

ST. PETERSBURG, FL – Verigy Ltd. has restructured its global manufacturing services deal with Jabil Circuit to include a three-year program under which Jabil will design, build and ship semiconductor test gear.

TOKYO -- Reeling from its worst downturn in 30 years, Sanyo Electric will cut up to 1,200 jobs and close one to two chip factories, the company said.

Sanyo also revised its fiscal year guidance, lowering it to flat profits from previous guidance of a profit of $393 million.

BURLINGTON, VT – There are few surprises on the list of the largest 10 EMS companies published today by Manufacturing Market Insider.

TORONTO -- Top 50 EMS firm SMTC reported sales fell 5% year-over-year for the fiscal year ended Jan. 4.

DALLAS – Maybe YA Global Investments doesn’t want EMS firm TXP after all.

The two companies reached a forbearance agreement today, under which YA Global agreed to forbear from exercising its rights and remedies, provided TXP pay $250,000 per month beginning March 20.

The deal heads off a default by TXP, under which YA Global could have helped itself to the former’s assets. As of Dec. 17, TXP owed YA Global about $10.2 million, an amount in line with the EMS firm's annual revenues.

In addition, TXP must achieve positive cash flow from operations for the month ending Aug. 30, and cash flow from operations shall remain positive for each quarter thereafter; implement a YA Global-approved cost-cutting/growth plan no later than Jan. 30; and ensure a minimum $2 million of its current and future orders will return average profit margins of at least 25%.