News
SAN JOSE, CA – Worldwide sales will surpass $321 billion in 2010 with a CAGR of 7.7% for the period between 2007 and 2010, the Semiconductor Industry Association today reported in its annual forecast of global semiconductor sales.
EL SEGUNDO, CA – Pricing has become the paramount concern for television makers, as the growing emphasis on achieving the lowest possible cost has brought wrenching changes to the competitive landscape and manufacturing structure of the business, says iSuppli Corp.
HONG KONG – Surface Mount Technology (Holdings) LTD. reported second-quarter revenue of HK $758,436, up 7% year-over-year.
Year-to-date revenue, ended Sept. 30, was HK $1.58 million, up 11.5% compared to the same period in 2006.
Gross profit for the second quarter was HK $108,773, an increase of 4.7% year-over-year, while gross profit in the first half of the year was HK $214,599, up 3.9%, the company said.
SMT said the growth in gross profit is lower than revenue growth mainly as a result of higher cost of sales resulting from higher raw material prices, wages, energy cost and depreciation charges.
US $1 = HK $7.7851
TAIPEI, TAIWAN – Arima Computer reported it will sell its notebook and server-related businesses to EMS provider Flextronics for $192 million.
Flextronics will procure all stocks of Arima's subsidiaries in Japan, Texas and California, and the UK for an extra $59.5 million.
The transaction is expected to be completed in the first quarter of 2008, Arima said.
Currently, Arima's clients, including HP and Dell, contribute around 330,000-350,000 units to notebook shipments each month, said the company.
Flextronics should expand the production capacity up to 500,000 units initially after the take over, while mass production will begin in the later half of 2008, Arima stated.
No other terms of the agreement were disclosed.
PRAGUE – The global semiconductor market is expected to grow 3.8% on an annualized basis to $257.2 billion in 2007, according to the autumn forecast of the World Semiconductor Trade Statistics.
ELKHART, IN – CTS Corp. announced plans to realign certain manufacturing operations and eliminate approximately 103 net positions during the fourth quarter.
The realignment is intended for inclusion of manufacturing support functions at locations serving more than one business, the company says. In addition, certain production lines are slated for transfer.
These actions will result in a pre-tax restructuring charge and related costs of approximately $3 to $3.5 million, with the majority representing severance-related expense, reports CTS.
Approximately $2.8 million of the total expected cost is anticipated to be taken in the fourth quarter, with the remainder to be recorded in the first quarter of 2008, CTS says.
Breakeven on the realignment is expected in about one year, with annualized pre-tax savings projected to approximate the cost of the actions.
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