News
SAN JOSE – Flex will take up to $265 million in charges over the next three quarters in part related to layoffs of an unspecified number of workers.
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.
ZHUHAI, CHINA – Flex commandeered Huawei Technologies’ goods worth some $101.9 million for over a month here after the US government placed Huawei on the trade blacklist, according to reports.
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