The European Union unveiled plans to create a single market for data that will help its companies compete on the next round of tech innovations and curb the power of data giants such as Facebook and Google.
Many electronics plants in China are running at 20-30% capacity utilization due to strict travel and quarantine restrictions enforced by over 80 cities in China.
Foxconn is cautiously restarting production at its main plants in China and warned revenue will be hurt this year by the coronavirus epidemic.
Global shipments of PCs are expected to retreat in the first quarter as PC brands have slowed down their orders for ICs and related components due to the impacts of the coronavirus.
TTM opened its $15 million, state-of-the-art PCB manufacturing facility in Chippewa Falls, WI.
M&A activity in the EMS sector slipped slightly in 2019, falling two to a total of 29.
Nordson reported fiscal first quarter sales of $95 million, down 1% year-over-year.
Foxconn’s Terry Gou pledged to begin production at a long-delayed electronics plant in Wisconsin sometime this year.
CyberOptics reported sales of $16.9 million for the fourth quarter, down 6.6% year-over-year and up 36% sequentially.
Integrated Micro-Electronics reported 2019 revenues down 7% to $1.2 billion.
Ducommon Electronic Systems’ revenue for the fourth quarter rose 13% year-over-year to $96.3 million.
Worldwide spending on information and communications technology is expected to be $4.3 trillion in 2020, an increase of 3.6% over 2019, according to IDC.
Altium reported PCB-design-related revenue of $65.4 million for the half-year ended Dec. 31, an increase of 12% year-over-year.
Nano Dimension will voluntarily delist its ordinary shares from trading on the Tel Aviv Stock Exchange.
South African courts have suspended the liquidation process of Yekani Manufacturing’s R1 billion (US$66.7 million) EMS factory, according to reports.
Nano Dimension moved its headquarters for the Americas to Boca Raton, Florida.
MacroFab purchased an Austin American Technology Aqua Rose PCB cleaner.
Weller Tools promoted Dyan Reagan to West Regional Manager.
KeyTronic promoted Duane Mackleit to vice president of operations.