News
HONG KONG -- Foxconn International Holding, the world's sixth largest handset maker, said its 2006 sales should grow at least 30%, according to a news report today.
Analysts estimate that FIH, a subsidiary of Foxconn Electronics, had revenues of $5 billion to $6 billion in 2005, the report said.
MINNEAPOLIS -- EMS provider Nortech Systems has signed an agreement to purchase Telex Communications' 140,000-sq. ft. manufacturing facility in Blue Earth, MN, in a move to bolster its aerospace systems business.
The sale is scheduled to close on June 30; terms were not announced.
The sale is scheduled to close on June 30; terms were not announced.
SAN FRANCISCO -- A December poll of the nation's CIOs revealed IT
budgets will grow 8% over the next 12 months, up from 6% in November.
Spending projections were up in most categories month over month with modest declines in security software and telecom equipment, said Chris Whitmore, an analyst at Deutsche Bank, which cosponsors the monthly poll.
Spending projections were up in most categories month over month with modest declines in security software and telecom equipment, said Chris Whitmore, an analyst at Deutsche Bank, which cosponsors the monthly poll.
SINGAPORE -- Singapore's manufacturing output rose 22.4% in November year-over-year, the nation's Economic Development Board said last week. Electronics grew 19.9% year-on-year, driven by demand for semiconductors,
computer peripherals and data storage.
The three-month moving average growth was 20.6% for total manufacturing, the EDB reported. The seasonally adjusted month-on-month manufacturing output growth was up 1.5%.
Through November, total manufacturing output rose 9.9% over last year. Electronics was up 7.5% over that period.
Semiconductor production spiked 42% in November, computer peripherals were up 24.4% and storage was up 10.4%.
Telecom and consumer electronics fell 4.2% as lower demand for mobile products offset increased production of PCs and consumer items.
The three-month moving average growth was 20.6% for total manufacturing, the EDB reported. The seasonally adjusted month-on-month manufacturing output growth was up 1.5%.
Through November, total manufacturing output rose 9.9% over last year. Electronics was up 7.5% over that period.
Semiconductor production spiked 42% in November, computer peripherals were up 24.4% and storage was up 10.4%.
Telecom and consumer electronics fell 4.2% as lower demand for mobile products offset increased production of PCs and consumer items.
TEMPE, AZ -- The PMI index of U.S. manufacturing dipped in
December but grew overall for the 31st straight month. The December PMI was 54.2%,
down 3.9 points from November, according to the latest Institute for Supply
Management poll. A score over 50% shows
expansion.
Fayetteville, AR -- The University of Arkansas will host an organizational workshop for its International Research Consortium for Packaging, Manufacturing and Reliability for Low-Cost RFID and related Integrated SMART Tag Systems. The workshop will be held Jan. 24-26 in Fayetteville.
A part of the University’s RFID Research Center, the consortium aims to enable development of infrastructure, design and modeling tools and manufacturing processes to support low-cost RFID tags and systems for reliable performance.
Any commercial, non-profit, government or academic organization interested in attending should contact Claudia Cochrane at U of A: 479-575-3605 or Becky Travelstead at TechSearch International: 512-372-8887 or becky@techsearchinc.com.
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