News
OREM, UT – EMS provider Wolf Electronix is consolidating operations into its plant here, with the move expected to be complete by Feb. 5.
The company reports investments of nearly $2 million in equipment and facility upgrades have increased capacity more than 30+%.
The company will shutter its five-year-old Loveland, CO, facility, and has offered all full-time employees there positions in Utah.
LOS ALTOS, CA – Ongoing fallout from the subprime mortgage crisis and the predicted retrenchment of consumer spending has put a dent in the prospects for light vehicle demand, Henderson Ventures reports, with unit output forecast to grow 2.5% this year, after a 5.4% burst in 2007, the research firm says.
The softening demand for vehicles will slow automotive electronics growth from 8.1% in 2007 to 5.6% in 2008. The pace will then accelerate to 7.9% in 2009 and 10.5% in 2010, when global automotive electronics production is forecast to reach $140 billion.
This year’s unit slowdown will be felt all over. For example, Chinese output growth will slow from 25.8% in 2007 to 15.5% this year.
Potential car buyers increasingly want onboard access to all entertainment electronics and gadgets they have at home, as evidenced by the profusion of video displays, MP3 player ports and power outlets. In short, increasing electronics content will help offset meager vehicle growth this year, Henderson reports.
The softening demand for vehicles will slow automotive electronics growth from 8.1% in 2007 to 5.6% in 2008. The pace will then accelerate to 7.9% in 2009 and 10.5% in 2010, when global automotive electronics production is forecast to reach $140 billion.
This year’s unit slowdown will be felt all over. For example, Chinese output growth will slow from 25.8% in 2007 to 15.5% this year.
Potential car buyers increasingly want onboard access to all entertainment electronics and gadgets they have at home, as evidenced by the profusion of video displays, MP3 player ports and power outlets. In short, increasing electronics content will help offset meager vehicle growth this year, Henderson reports.
NEWARK, NY – EMS provider IEC Electronics announced first-quarter revenues rose 21% year-over-year to $11.2 million. Net profit was $420,000, compared to a net loss of $576,000 last year.
MINNEAPOLIS – HEI Inc. announced first-quarter sales fell nearly 17% year-over-year to $10 million.
ATLANTA – UP Media Group, parent company of Circuits Assembly and Printed Circuit Design & Fab, announced today that several leading industry suppliers have signed on to exhibit at Virtual PCB, the industry's first virtual trade show and conference for the PCB design, fabrication and assembly markets, on Feb. 12-13.
ESPOO, FINLAND – Nokia is in negotiations to sell its automotive business to the former head of Nokia's enhancements unit and automotive business, Razvan Olosu, and Equity Partners GmbH.
If finalized, personnel will transfer from the current automotive business to the new company.
The parties anticipate the deal to close during the first half of the year, pending negotiations and approval. No financial terms of the deal were disclosed.
The announcement comes as Nokia faces sharp criticism from labor groups in Germany over its plans to close the plant.
If finalized, personnel will transfer from the current automotive business to the new company.
The parties anticipate the deal to close during the first half of the year, pending negotiations and approval. No financial terms of the deal were disclosed.
The announcement comes as Nokia faces sharp criticism from labor groups in Germany over its plans to close the plant.
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