MANILA – The Philippine government, in concert with a domestic trade group, has launched an electronics testing program, according to published reports.
The program funds the establishment of an electronics testing facility, which the government hopes will reverse the trend to go offshore for such services.
The program is being set up by the Department of Science and Technology with the Electronics Industry Association of the Philippines and other agencies.
MAKATI, PHILIPPINES – Integrated Micro-Electronics Inc. said it plans to focus on significant emerging electronics applications, particularly in the rebounding automotive safety market.
HANOVER, GERMANY – Viscom said 2011 consolidated revenue rose 33.7% year-over-year on higher demand in all regions.
NEENAH, WI – Plexus today reported fiscal second-quarter net income fell 16% to $20 million compared to the same period last year.
Net sales were up 1% year-over-year and 8% sequentially to $573.5 million.
MAPLE LAWN, MD – Electronics manufacturer ELTA Systems is opening a 7,500 sq. ft. facility here, and plans to expand to 25,000 sq. ft.
The company intends to create 100 high-tech jobs during the next four years, according to published reports.
The Maryland Economic Development Assistance Fund reportedly provided ELTA with a $300,000 10-year loan, provided the firm creates 100 jobs at the Maryland location by 2021.
ELTA is a subsidiary of Israel Aerospace Industries. The firm produces electronic radar, communication and surveillance equipment.
The firm has $1 billion in annual sales, 90% from exporting defense systems.
DOWNERS GROVE, IL -- Dover Corp.'s first-quarter net earnings ticked up on a double-digit bump in overall demand.