HONG KONG -- Shanghai Samsung Semiconductor has taken a 2% stake in BYD Electronic, the contract assembly arm of BYD.

TORONTO – Celestica reported second quarter revenue ended June 30 of $1.49 billion, up 4.8% year-over-year and 10% sequentially.

SAN JOSE, CA – Flex reported fiscal first quarter 2017 net sales ended July 1 of approximately $5.9 billion, up 5.6% year-over-year, at the high end of guidance.

STAMFORD, CT – Gartner this week raised its worldwide semiconductor capital spending projection for 2016, but warned of possible lower production longer-term.
 
The research firm now expects spending to decline 0.7% in 2016 to $64.3 billion. That's up from the estimated 2% decline in Gartner's previous quarterly forecast.