BUSINESS NEWS
Rogers Corp. posted first quarter sales of $213.4 million, up 4.3% sequentially on higher sales in the Advanced Electronics Solutions and Elastomeric Material Solutions business units.
Apple is deepening its ties with China even as it further expands production in Southeast Asia and India, highlighting the balancing act the iPhone maker is striking between politics and business.
Avary Holdings, the Chinese arm of Zhen Ding Technology, posted first quarter sales of evenue: CN¥6.69 billion ($923 million), flat with a year ago.
Hisense, the Chinese multinational appliance and electronics manufacturer, has pledged to invest R1.1 billion ($57 million) in South Africa over the next five years.
TTM Technologies has officially opened its $200 million, state-of-the-art PCB manufacturing plant in Penang.
TTM CEO Tom Edman also announced the fabricator is speeding up its planned Phase 2 expansion of the Penang facility, which is now to begin by year-end.
Celestica announced first quarter revenue of $2.21 billion, up 20% from a year ago, on higher demand for communications and enterprise servers and storage gear.
Plexus announced fiscal second quarter revenue of $967 million, down 9.7% from a year ago on lower healthcare/life sciences and industrial demand, offset in part by higher demand for aerospace.
Scanfil ported sales of EUR 198.9 million ($213.4 million) in the first quarter, compared to EUR 224.6 million a year ago.
Kitron reported revenue for the first quarter of EUR 173.9 million ($186.5 million), down from EUR 190.6 million last year.
Omni Federal is expanding to Colorado Springs with plans for more than 500 high-paying jobs.
Data I/O reported first quarter sales of $6.1 million, down 16% compared with $7.2 million in the first quarter 2023.
A pair of US Congressional members are calling on the Biden administration to block all sales to Huawei after the sanctioned Chinese tech company released a new laptop powered by an Intel AI processor.
Bendix will expand and upgrade its Indiana electronics manufacturing and distribution operations.
Electroninks, a maker of metal complex inks for additive manufacturing, announced the official opening of the company’s APAC facility in Kaohsiung City, Taiwan.
Eight new Chinese suppliers have been added to Apple's recently announced fiscal year 2023 supplier list, while four have been removed.
Nokia's optical line terminal (OLT) cards have officially started rolling off the Sanmina manufacturing line in Pleasant Prairie, WI.
The Semiconductor Industry Association applauded recent semiconductor manufacturing incentives announced by the US Department of Commerce and Micron.
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