TAIPEI – Foxconn Electronics reported consolidated revenues of NT$360.5 billion (US$12.3 billion) for June, down 9% year-over-year and 6.8% sequentially.

LYON, FRANCE – “Despite the Covid-19 outbreak, which negatively impacted the smartphone and automotive industries but spurred demand for server and PC memory for stay-at-home activities, 2020 is expected to be a year of recovery,” said Simone Bertolazzi, Ph.D., technology and market analyst, Semiconductor, Memory & Computing at Yole Développement. “At Yole, we see the beginning of a new era of prosperity for the memory industry.”

KUANTAN, MALAYSIA – TT Electronics’ Global Manufacturing Solutions division is opening operations in Kuantan, Malaysia, in response to customer demand for an additional manufacturing center in Asia.

MINNEAPOLIS, MN – The SMTA elected its global board of directors for the term beginning Sept. 22.