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MILPITAS, CA — North America-based manufacturers of semiconductor equipment posted $2.37 billion in billings worldwide in February, according to SEMI, up 26.2% year-over-year and 1.2% sequentially.

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MINNEAPOLIS – Nortech Systems reported fourth quarter net sales of $30.8 million, up 7% year-over-year.

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MINNEAPOLIS, MN - The SMTA is currently seeking student applications for two funds, each with a deadline of Apr. 24.

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BEAUPREAU-EN-MAUGES, FRANCE – Lacroix Group is part of a group investing €25 million (US$26.7 million) to establish a 16,000 sq. m. smart factory here. The new plant will feature six production lines, including one exclusively dedicated to large automated production runs, and is expected to be fully operational by the end of 2021.

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SAN MATEO, CA – As a result of the spread of Covid-19, there is nearly an 80% chance for significant contraction in worldwide semiconductor revenues in 2020, instead of a previously expected minor overall growth of 2%, according to a new report from International Data Corp.

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LUZON, PHILIPPINES – Integrated Micro-Electronics is suspending work at some of its sites here due to the government’s month-long lockdown to contain the spread of Covid-19, according to reports.

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