SINGAPORE - Advanced Interconnect Technologies, a provider of semiconductor assembly and test services, has signed a multi-year assembly service agreement with Elmos Semiconductor, a provider of mixed signal ASICs.
 
According to the agreement, Elmos will transfer its IC assembly business and equipment in Europe to AIT’s facility in Batam, Indonesia, with an option for AIT to purchase the equipment at a later date. The transfer is expected to be completed in the next few months. No financial details were disclosed.
 
AIT’s 400,000 sq. ft. operational facility in Batam will house the full line of consigned equipment. The equipment will be used to assemble SOIC 0.300" packages of various lead counts for automotive applications.

 
 
 
 

 

HONG KONG – VTech Holdings Ltd. reported record revenue and profit for 2007. Revenue increased 21.5% over 2006 to $1.46 billion. Net profits rose 42% to $182.9 million.

The company’s EMS business grew by some 13.5% during 2006, primarily on higher demand from existing customers, especially switching mode power supplies, professional audio equipment and industrial printing.

A new plant at Qingyuan, Guangdong province, is beginning to make a positive impact, VTech believes. This quarter, a new EMS factory will open, increasing its capacity by some 50%. The company also intends to build a second factory at Qingyuan.

While Europe remained the leading source of EMS revenue, at 48.4%, the EMS group saw strong demand from North America customers, which pushed the region’s share to 7.1 points to 36.6%. Asia Pacific made up 15% of EMS revenues.

Switching mode power supplies and professional audio equipment continued to be the leading product categories, accounting for 28.2% and 27.7% of total EMS revenue respectively, followed by communications products and home appliances, the company reports.

Growth for the CMS business is expected to moderate, as existing customers mature and newer customers only gradually build up orders, but it should again outperform the EMS market, says VTech.

The Japanese market will be a focus for business development, with separate facilities and a new sales office.
 

NORTH YORKSHIRE, UK – Eleven staff at GSPK Electronics have been let go after the company was placed in administration.

Mark Firmin and Richard Fleming of KPMG were appointed joint administrators of GSPK Electronics on Friday.

A spokesman said it’s too early to say if there will be any further job losses among the remaining 104 staff.

Firmin said the business has been hit by a significant overseas bad debt and does not have sufficient funding to continue trading outside of bankruptcy.

GSPK manufactures electronics products for the television, telecommunications and automotive sectors.