BANGKOK -- SVI Public Co. reported first-quarter consolidated revenues rose 30.4% year-over-year to 2,100 million baht ($64.8 million). Net income rose 14.3% to 256 million baht, the EMS company added.

The sales growth was due to demand for professional audio equipment and industrial controls.

Company executives said the first quarter is typically its most difficult and that visibility is improving for the remainder of 2014.

Ed.: $1= 32.4254 THB

WASHINGTON — Worldwide semiconductors sales rose 11.5% year-over-year in April, the Semiconductor Industry Association reported. The 90-day moving average sales were up 0.7% over the revised March numbers to $26.34 billion, the trade group added.

DALLAS -- The EMS and ODM market will grow to $367.6 billion in 2015, up from 1% from 2013, according to a new report. ReportsnReports values the EMS/ODM market at $363.8 billion as of 2013.

The mobile phone market has the largest growth potential in the EMS and ODM industry over the next five year, the firm said. Growth in EMS and ODM manufacturing of communication terminals is expected to jump 14.3% from $30.8 billion in 2013 to $35.2 billion in 2017.

"The success of Xiaomi, which focuses on marketing and brand promotion while entirely outsourcing manufacturing to its contract vendors, propels EMS and ODM services. Xiaomi's remarkable achievement [will] stimulate a large number of mobile phone companies to follow suit, which opens a wide space for EMS and ODM vendors."

The firm also sees potential outsoucing ahead for major handheld OEMs such as Samsung and LG.

BINH DUONG PROVINCE, VIETNAM -- A Fittec International EMS site here has been torched and looted, the company said. The extent of the damage remains under investigation and operations are temporarily suspended until further notice. 

The events came as local Vietnamese are showing their anger over Chinese drilling in disputed waters.

The company owns the factory at the Vietnam Singapore Industrial Park in southern Vietnam, which manufactures printed circuit board, electronics components and related parts. The Vietnam factory had 16 SMT lines and a production placement capacity of 24.3 billion chips per year, representing approximately 24% of the company's total production capacity.

According to the company the site generated revenues for the six months ended Dec. 31 of HK$59.2 million ($7.64 million), about 11% of the company's overall sales for the period.

"Based on the company’s best available information, the Vietnam Factory was torched and looted by rioters. As at the date of this announcement, the company could not estimate the loss caused by the riot as anti-China protests and riots continue to be carried out in and around [the park]."

Hong Kong-based Fittec has six production sites, most of which are in China, and 2013 sales of 112.1 million ($144.6 million).