News
TEMPE, AZ — Benchmark reported that it saw revenues of $772 million for the third quarter, marking year-over-year growth of 35%.
The company's higher-value market revenues were up 29% year-over-year from strength in the Industrials, Medical and Semi-Cap sectors. Traditional market revenues were up 60% year-over-year from strength in both Computing and Telecommunications sectors. For the last quarter of the year, Benchmark anticipates revenues between $760 million and $800 million.
SAN JOSE, CA — Flex announced that it brought in $7.8 billion in net sales for the second quarter of its fiscal year.
For the third quarter of its fiscal year, the company's outlook includes $7.3 billion to $7.7 billion in revenue, for a total anticipated revenue of $29.1 billion to $30.1 billion for the entire fiscal year.
"The Flex team delivered solid results, highlighted by strong growth from our diverse customer portfolio and another quarter of record adjusted EPS," said Revathi Advaithi, CEO of Flex. "Looking ahead, the secular tailwinds that support our strategy, remain in our favor and continues to provide us with confidence that we'll be able to deliver on our longer-term goals."
NEENAH, WI — Plexus reported record revenues of $1.12 billion for the fourth quarter of its fiscal year, and revenues of $3.81 billion for the entire 2022 fiscal year.
Looking to the future, the company anticipates revenues of $1.08 billion to $1.13 billion for the first quarter of fiscal year 2023.
The world’s largest tech companies are masters of their domains: Apple in phones; Google in search; Facebook in social media.
Why stop there? All three are going into financial services, and if past is prelude, they intend to dominate the space.
BILLINGSTAD, NORWAY — Kitron has reported third-quarter revenues of NOK 1.66 billion (US$161 million), which doubles the company's reported revenues of NOK 831 million (US$80 million) in the third quarter of 2021.
The company said the revenue growth reflects both the acquisition of Danish EMS provider BB Electronics AS and underlying growth for other business units.
CLINTON, NY — Indium Corporation has opened a new 37,500 sq. ft. manufacturing facility in Penang, Malaysia.
Earlier this year, the company announced an investment of RM250 million for its expansion in Malaysia with the new manufacturing facility for its solder paste, thermal materials, and engineered solder products. The new facility has already begun its manufacturing activities, and is meant to expand Indium's production capacity for its customers in Malaysia and the surrounding region, including Thailand and Vietnam.
