News
ST. LOUIS -- LaBarge received a $2.3 million contract from BAE Systems to produce power control enclosure assemblies for the M113 armored personnel carrier.
The company expects production to begin in April and continue through Sept. 2006 at its Huntsville, AK, facility.
Atlanta —The Atlanta Surface Mount Technology Association (SMTA) Expo will return to the Gwinnett Civic Center in Duluth on April 20. The free event will feature over 75 industry supplier exhibits, as well free technical presentations.
The morning sessions will feature a look at the electronics supply chain from Mike Buetow, editor-in-chief of Circuits Assembly, followed by a look at the realities and logistics of implementing Pb-free technologies, presented by industry expert (and Circuits Assembly columnist) Phil Zarrow. One of the afternoon sessions will focus on selective soldering techniques, and the second one on strategies for purchasing and increasing lead times in an RoHS environment.
The event also includes a free lunch on the trade show floor for pre-registrants, as well as a 10th anniversary celebration, sponsored by World Micro Components, Inc. A charity raffle to benefit The Joseph Sams School, a private, non-profit school in Fayetteville, is also planned.
Register in advance at: smta.org/education/vendor_days/vendor_days.cfm#ga
The morning sessions will feature a look at the electronics supply chain from Mike Buetow, editor-in-chief of Circuits Assembly, followed by a look at the realities and logistics of implementing Pb-free technologies, presented by industry expert (and Circuits Assembly columnist) Phil Zarrow. One of the afternoon sessions will focus on selective soldering techniques, and the second one on strategies for purchasing and increasing lead times in an RoHS environment.
The event also includes a free lunch on the trade show floor for pre-registrants, as well as a 10th anniversary celebration, sponsored by World Micro Components, Inc. A charity raffle to benefit The Joseph Sams School, a private, non-profit school in Fayetteville, is also planned.
Register in advance at: smta.org/education/vendor_days/vendor_days.cfm#ga
Delhi -- Flextronics will become a preferred manufacturing partner for SemIndia Inc., a chip manufacturing consortium working with Advanced Micro Devices, the Indian government, Government of Andhra Pradesh and the India Semiconductor Association.
Flextronics will manufacture electronic products for SemIndia and SemIndia will manufacture semiconductor chips for the various products that Flextronics manufactures in India (including chips for cell phones, set-top boxes and PCs).
Flextronics will manufacture electronic products for SemIndia and SemIndia will manufacture semiconductor chips for the various products that Flextronics manufactures in India (including chips for cell phones, set-top boxes and PCs).
Haapajärvi, Finland -- Flextronics has decided to close its printed circuit assembly plant in Haapajärvi, Finland, according to European news source Evertiq. Reportedly the plant’s 120 employees will be fired.
The closure is said to be due to high labour costs, so production is expected to transfer to a low-cost location. As Evertiq notes, the decision is surprising since the plant hired new staff last week. However, the company did lay off half of its Hungarian workforce (950 employees) in February.
SAN JOSE -- Electronic design automation (EDA) industry revenue for the fourth quarter was $1,253 million, up 5% over Q4 2004. For 2005, revenue totaled a record $4,575 million, or 3% more than 2004’s $4,437 million. The figures come from the EDA Consortium’s Market Statistics Service.
"The EDA industry continued to strengthen in the fourth quarter," said Walden C. Rhines, chairman of the EDA Consortium and chairman and CEO of Mentor Graphics. "Revenues were up in all regions and most product lines."
The largest tool category, computer-aided engineering (CAE), generated revenue of $542 million, 4% more than the same quarter last year. CAE revenue for the year stayed at $1,925 million.
"The EDA industry continued to strengthen in the fourth quarter," said Walden C. Rhines, chairman of the EDA Consortium and chairman and CEO of Mentor Graphics. "Revenues were up in all regions and most product lines."
The largest tool category, computer-aided engineering (CAE), generated revenue of $542 million, 4% more than the same quarter last year. CAE revenue for the year stayed at $1,925 million.
LAFOX, IL -- Arthur Buckland has resigned as president, COO and board member of Richardson Electronics, effective immediately. According to the company, he is leaving to pursue personal interests. Edward Richardson will take his place until a permanent replacement is found.
The company also discovered errors in financial accounting at one of its Italian subsidiaries, according to a release on PR Newswire. The company has not yet determined the impact of these errors for any specific period, but it estimates that the errors will reduce stockholders' equity by approximately $3 million to $4 million.
While the company continues to evaluate the magnitude and impact of these errors, its financial statements for the previous three years and their interim periods should not be relied upon, according to the report. The company is evaluating the adequacy of its accounting for income taxes in certain foreign jurisdictions for prior periods and is in continuing discussions with the present and former auditors concerning these matters.
As a result of ongoing evaluation of these accounting errors, Richardson does not expect to file its Form 10-Q for its fiscal quarter ended March 4, 2006 by the filing deadline.
The company also discovered errors in financial accounting at one of its Italian subsidiaries, according to a release on PR Newswire. The company has not yet determined the impact of these errors for any specific period, but it estimates that the errors will reduce stockholders' equity by approximately $3 million to $4 million.
While the company continues to evaluate the magnitude and impact of these errors, its financial statements for the previous three years and their interim periods should not be relied upon, according to the report. The company is evaluating the adequacy of its accounting for income taxes in certain foreign jurisdictions for prior periods and is in continuing discussions with the present and former auditors concerning these matters.
As a result of ongoing evaluation of these accounting errors, Richardson does not expect to file its Form 10-Q for its fiscal quarter ended March 4, 2006 by the filing deadline.
Press Releases
- ASMPT and IBM Deepen Collaboration to Advance Bonding Methods for Chiplet Packages for AI
- Murray Percival Company Expands Product Line with Representation of BIMOS ESD Seating in the Midwest
- Selectronic Assembly Welcomes Eliud Herrera as Production Manager
- SP Manufacturing Holds Milestone Anniversary Celebration