ARLINGTON, VA -- Electronic component orders fell in December for the second consecutive month, according to the monthly index compiled by the Electronic Components Association (ECA).
The 12-month average, comparing 2008 results to those from 2007, continued a descent that began this summer.
“Most manufacturers have seen declining results in November and December,” says Bob Willis, ECA president, in a press release. “There may be a modest positive bump in the first quarter of 2009 as inventories are adjusted, but there is little or no significant growth anticipated until the late third or fourth quarter.”
SINGAPORE -- A local union of electronics workers says 2,000 more layoffs are expected this quarter. That almost equals the sum -- 2,300 -- of the union's layoffs from all of last year.
The United Workers of Electronic and Electrical Industries unionsays many of the displaced electronics workers will be retrained to find jobs in the medical and hotel industries.
RONKONKOMA, NY – CVD Equipment Corp. said 2008
order levels reached $29 million, more than double the order levels of 2007. The
company’s divisions include Conceptronic, a maker of reflow ovens.
Approximately half the orders in 2008 were solar and energy
market-related, with most incorporating CVD thin film solutions, says the firm.
Last year’s order levels for the CVD/FN and SDC divisions
increased 146% and 58%, respectively, while the Conceptronic division decreased
3% year-over-year.
The company anticipates the growth trend of the CVD/FN and
SDC divisions to continue. The Conceptronic division was impacted by the
downturn in the electronics industry over the last two quarters. CVD expects
this trend to continue at least through the first two quarters in 2009.
BRIDGEWATER, MA -- Chase Corp., a supplier of conformal coatings and EMS services, today reported net
income of $2.3 million for its November quarter, down 35% from last year. Revenues
dropped 10% to $31.1 million.
SCOTTSDALE, AZ — Sales of electronics systems will fall 2% worldwide this year before recovering in 2010, according to a recent forecast by IC Insights.
The research firm, which concentrates on the semiconductor market, forecasts the value of shipments in 2009 will drop to $1.23 trillion, then rise 7% in 2010.