News
MINNEAPOLIS -- Nortech Systems reported net income for the second quarter rose 49% from last year to $187,000. The EMS firm reported net sales of $28.5 million for the quarter ended June 30, up 1% from last year and 10% sequentially.
LAGUNA, PHILIPPINES – Integrated Micro-Electronics Inc. announced lower net income despite a jump in sales on strength in Europe and North America. The electronics manufacturing services provider reported net income fell 33% from last year to $2.1 million due primarily to lower capacity utilization in its China facilities.
HOUSTON – A group of leading electronics suppliers will host a series of cleaning, testing and reliability workshops in Texas next month.
SAN MATEO, CA – As expected, worldwide tablet shipment growth slowed in the second quarter according to preliminary data from International Data Corporation. Worldwide tablet shipments finally experienced a sequential decline as total volumes fell -9.7%.
MILPITAS, CA -- NBS this week completed its move into a new facility that expands floor space for its engineering and manufacturing operations by 50%. The Silicon Valley-based contract electronics manufacturer moved its manufacturing to Dixon Business Park here, a state-of-the-art facility of about 60,000 sq. ft.
LISLE, IL -- Molex has signed a definitive agreement to acquire fellow connector maker FCT Electronics Group for an undisclosed amount. The deal is pending governmental approval and is expected to close in the third quarter.
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