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MUNICH -- Siemens has signed an agreement to acquire Supplyframe, a design-to-source platform for the electronics value chain, for $700 million, the companies said today.

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SAN FRANCISCO -- Bright Machines, a developer of software-driven automation processes, is being acquired by SCVX, a publicly traded special purpose acquisition company.

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WASHINGTON – A group of US senators are expected to reveal a $52-billion five-year plan to boost US semiconductor chip production and research, according to reports.

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TAIPEI -- Foxconn today said second-quarter revenue will increase 15% from a year ago, boosted by continued demand for personal computers and peripherals and new iPhones.

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PENANG, MALAYSIA -- Emerging trends in global markets and product requirements have prompted electronics manufacturing services provider Escatec to acquire 100% of UK-based JJS Manufacturing in a private deal.

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WAYZATA, MN – Nortech Systems reported first quarter net sales of $22.1 million, down 19.6% year-over-year.

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