News
KARNATAKA, INDIA – Kaynes Technology has signed an agreement with the Indian state of Karnataka in which the state government will invest Rs 3,750 crore ($435.9 million) for two Kaynes subsidiaries to set up a PCB manufacturing plant and a semiconductor assembly and testing (OSAT) facility.
HAWTHORNE, CA – OSI Systems' Optoelectronics and Manufacturing division reported revenue of $387.4 million for its 2023 fiscal year, an increase of 5.6% from fiscal year 2022.
TAIPEI – Taiwan-based server ODMs, including Quanta, Foxconn, Wistron (including Wiwynn), and Inventec, have set up production bases in countries like Thailand, Vietnam, and Malaysia, TrendForce reports, and it’s projected that by 2023, the production capacity from these regions will account for 23%, and by 2026, it will approach 50%.
TAIPEI – Foxconn founder Terry Gou said Taiwan's businesses are hoping for continued peace between the US and China amid increased tensions between the two nations.
PASADENA, CA – Procurement professionals are now enjoying a degree of negotiation power that they have not experienced in years due to an improved environment for the buy-side of the electronics supply chain marked by falling lead times, stubborn inventory, uneven demand, and mostly declining pricing, according to new Commodity IQ data from Supplyframe.
SAN FRANCISCO – Tempo Automation has received a letter from Nasdaq's Listing Qualifications Department notifying the company that it no longer meets the requirements for continued listing on the Nasdaq Global Market because it has not filed a quarterly financial report for the period ended June 30.
Press Releases
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