CHENNAI, INDIA – Flex has opened a 159,000 sq. ft. manufacturing facility here, its fourth in India.

STAMFORD, CT – Worldwide semiconductor revenue is expected to decline 9.6% to $429 billion in 2019, according to Gartner. The research firm cited falling prices and weaker demand for key products for the drop.

GLENVIEW, IL – Illinois Tool Works reported its test and measurement/electronics unit had second quarter revenue of $533 million, down 3.8% year-over-year.

SAN JOSE, CA – Flex posted fiscal first quarter 2020 net sales of $6.2 billion, down 3% year-over-year.