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BUSINESS NEWS
Flex reported sales of $6.5 billion for the second quarter of its fiscal year, down 5.6% from the same quarter of 2023.
TTM Technologies announced $616.5 million in sales for the third quarter, up 7.7% from 2023's third quarter.
ITW's Test & Measurement and Electronics segment saw revenue of $697 million for the third quarter, down 0.2% from 2023's third quarter.
Benchmark Electronic's third quarter revenue of $658 million represented a decline of 8.6% from the same quarter in 2023.
Syrma SGS Technology is targeting $1 billion in revenue by 2027 and is evaluating manufacturing opportunities for semiconductors and PCBs, according to a company official.
Kaynes Technology India announced revenue of INR5.72 billion ($67.8 million) for its second fiscal quarter, up 59% year-over-year.
Asteelflash opened a $19 million production facility near Wrocław, Poland, enhancing its box-build and high-level assembly capabilities in the automotive and industrial sectors.
China’s manufacturing output expanded in October for the first time since April, rare good news for leaders struggling to boost activity in the world’s second-largest activity.
Legrand UK & Ireland has announced the opening of a new electronics manufacturing hub in Northumberland, UK next year.
Samsung Electronics reported third quarter high-bandwidth memory (HBM) chip sales rose more than 70% from the previous quarter, with the fifth-generation HBM3E chips expected to contribute 50% of total HBM sales in the fourth quarter.
Schmid Group opened a new Asia-Pacific division.
Escatec Switzerland installed a customized UV-curing system to enhance its micro-assembly capabilities.
Mouser Electronics appointed Eric Wendt vice president of supplier management.
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