Simi Valley, CA – View Engineering has acquired the assets of privately held Micro-Metric,
hoping to strengthen its core capabilities in electronic assembly and
data storage, and extending the company’s offerings into
nanometerology.
No changes in management or staffing of either
company are planned. Micro-Metric will continue to operate from its
headquarters in San Jose.
TROY, MI -- Months after posting staggering first-half net losses of $741 million, Delphi Corp., the
largest maker of auto parts in North America, filed for Chapter 11
bankruptcy on Saturday. The company plans to slash manufacturing
operations in the U.S.
BINGHAMTON, NY – Universal Instruments Corp. will cut 30 staff from its
Binghamton headquarters and move nearly 20 software engineering jobs
from Bangalore to Binghamton as part of a company-wide restructuring.
The moves are due to lower than expected business volumes, the company
said in a press release today.
Minneapolis, MN -- The SMTA has added four new board members to serve three-year terms. New to the board are: Dr. Dan Baldwin, Engent; Dr. Denis Barbini, Vitronics-Soltec; Jim Kuehn, Tyco Electronics Automation Group; and Dr. Ning-Cheng Lee, Indium Corp. of America.
They will join these existing members: president David Raby, STI Electronics; VP technical programs Dr. Ken Gilleo, ET-Trends; VP communications Steve Greathous, Intel Corp.; secretary Irene Sterian, Celestica; Planning Committee chairperson Bill Barthel, Plexus Corp.; and Planning Committee members Dick Russell, Phoenix Designs; Emmanuel "Manno" Siméus, Raytheon Missile Systems; and Dr. Laura Turbini, University of Toronto.
Wilsonville, OR – Not long ago, the cycle lead time at Tier 1 automakers was as much as four years for a new vehicle platform. The times they are a-changing.
Typical cycle times have been slashed to 24 months this year, with further reductions in store. According to data from supplied by Mentor Graphics (mentor.com), the new goal is 12 months by 2010, with some companies targeting as few as eight.
Meanwhile, electronics content of vehicles continues to rise. Boosted by new telematics and safety systems, auto electronics content is forecast to reach 40% of the total new car price by 2010, up from 23% last year, say IC Insights (icinsights.com) and Infineon (infineon.com).
BOSTON
– Amphenol Corp. continued its mini acquisition spree today, agreeing to buy Teradyne
Inc.’s Connection Systems division for $390 million in cash.
The deal is set to close in 30 to 60 days, pending regulatory
and shareholder approvals.