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BANNOCKBURN, IL — IPC today issued a statement in support of a new trade deal to replace NAFTA but decrying the threat of new tariffs on imports from Mexico. The trade group said it supports the Trump administration’s efforts to pass the US-Mexico-Canada Agreement (USCMA) but believes the imposition of new tariffs on Mexican imports to address immigration issues at the US-Mexico border will harm US electronics companies and their customers.

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EGHAM, UK – Global smartphone sales to end-users declined 2.7% in the first quarter, totaling 373 million units, according to Gartner. Despite its absence from the US, Huawei maintained its ranking as the No. 2 smartphone vendor worldwide and continued to reduce the gap with Samsung.

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BANNOCKBURN, IL – North American printed circuit board orders in April increased 9.4% year-over-year, says IPC, bringing year-to-date order growth up to 4%. Orders were down 14% sequentially.

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TAIPEI – Pegatron has signed a letter of intent to invest $695 million to $1 billion in an Indonesian factory to assemble iPhone chips, according to reports.

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LONG ISLAND CITY, NY – Effective June 13, Cemtrex will effect a six-for-one reverse stock split of its outstanding common stock.

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MILPITAS, CA — North America-based manufacturers of semiconductor equipment posted a 90-day average billings of $1.9 billion worldwide in April. The mark was down 29% year-over-year and up 4.7% sequentially, according to SEMI.

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