News
TAIPEI -- Foxconn will raise wages of its China-based workers by 30%, effective immediately, according to reports.
FREMONT, CA -- Alta Manufacturing has acquired fellow electronics contract manufacturer NRC Manufacturing for an undisclosed sum.
TEMPE, AZ — Economic activity in the manufacturing sector expanded in May for the 10th consecutive month, says the Institute for Supply Management. The PMI for May was 59.7%, a drop of 70 basis points.
A reading above 50% indicates the manufacturing economy is generally expanding.
New orders were flat at 65.7%, and production was down 30 basis points to 66.6%. Inventories dropped 3.8 percentage points to 45.6%, while customer inventories dropped 1 percentage point to 32%. Backlogs were up 2 percentage points to 59.5%.
“The manufacturing sector grew for the 10th consecutive month during May. The rate of growth as indicated by the PMI is driven by continued strength in new orders and production. Employment continues to grow, as manufacturers have added to payrolls for six consecutive months. The recovery continues to broaden, as 16 of 18 industries report growth. There are a number of reports, particularly in the tech sector, of shortages of components; this is the result of excessive inventory de-stocking during the downturn,” said ISM spokesperson Norbert J. Ore.
The overall economy grew for the 13th consecutive month.
The event addresses the supply chain, informs about the latest research projects, and explores whether manufacturing standards improve the industry.
Other topics include production control, chemistry, what’s happening with RoHS and REACH, cleaning, tin whiskers and component tinning practices.
The full program and a list of exhibitors will be announced soon.
The conference is timed with the organization’s 26th anniversary.
KYOTO, JAPAN – Europe will play host next week to its first public Jisso European Council Seminar.
The event will provide the latest news from the JISSO meeting in Kyoto in May, as well as details about the new IEC standard development work for PCB with embedded components.
Jisso is a Japanese term for cooperation and refers to a loosely knit organization in Japan 12 years ago for electronics designers and packaging experts.
Aimed at electronics designers and process engineers, the session will offer details on chip design, packaging, PWB and PCB assembly and end-product, to aid understanding of design and manufacturing options.
Details are available at www.eipc.org.
