BUSINESS NEWS
Katek announced record revenue of EUR782.8 million ($831.4 million) for 2023, representing growth of 15% over 2022.
Shennan Circuit reported first quarter revenue of CNY3.96 billion ($574 million), up 42.4% compared to the same quarter last year.
Fineline Global has announced the acquisition of German PCB supplier IBR Leiterplatten.
Global smartphone shipments increased 7.8% year over year to 289.4 million units in the first quarter, according to IDC's Worldwide Quarterly Mobile Phone Tracker.
Japan’s PCB production in February decreased by 9.3% year over year to 757,000 sq. m., shrinking for the 25th consecutive month.
India's exports of electronics goods reached $29.12 billion in 2023, an increase of 23.6% compared to the previous year.
Apple CEO Tim Cook he wants to further increase investment in Vietnam a day after the company announced it would be spending on suppliers in the Southeast Asian manufacturing hub.
TSMC is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand.
Foxconn has responded to a patent infringement lawsuit filed against it by Microsoft, saying as a contract manufacturer, it has never needed to pay royalties for the US company's software.
Tesla is reportedly talking with Tata Electronics for chip supply and is looking to rely on local component suppliers rather than international electronics giants.
Ducommun has rejected an unsolicited, nonbinding bid from private investment firm Albion River, and said its own strategy reflects better long-term value for shareholders.
Huawei surpassed Dell to become the third-largest PC brand in China in 2023, with plans to double its shipments in 2024.
Signal Houshmand Kasra, an Iranian knowledge-based company, has set up a complete electronics assembly line near Tehran.
Desay SV opened an 80,000 sq. m. expansion to its factory in Huinan, China, featuring 50 SMT production lines.
Ark Electronics announced the expansion of its EMS capabilities in Mexico and Europe.
Aven named CE3S distributor of its optical inspection and precision hand tools.
SMTXtra named Kurt Whitlock Associates representative in Florida.
Zestron appointed Angela Marquez head of the business unit for Latin America.
South-Tek Systems appointed Jim Vaccaro industrial sales manager.
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