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LAKE ZURICH, IL – Contract manufacturer Eastek International is opening a plant in Fresnillo, Zacatecas, Mexico. Eastek partnered with Entrada Group to establish the facility.

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CHILI, NY – IEC Electronics is purchasing and renovating an 86,000 sq. ft. factory here, according to reports. The $5.8 million expansion will create 150 new full-time jobs.

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ATLANTA – ECIA's chief analyst Dale Ford will present a review of component industry market data and his perspective in a webinar on Mar. 18 at 1:00 pm EST.

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TORONTO – SMTC reported fourth quarter revenue of $101.3 million, up 12.3% year-over-year and 1.7% sequentially.

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TAIPEI – Foxconn chairman Young Liu said the company will announce its plans for Mount Pleasant, WI, in the next four months, according to reports.

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MILPITAS, CA — Fueled by surging pandemic-inspired demand for electronics devices, the global semiconductor industry is on track to register a rare three consecutive years of record highs in fab equipment spending, with a 16% increase in 2020, followed by forecast gains of 15.5% this year and 12% in 2022, according to SEMI.

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