BUSINESS NEWS
MKS Instruments announced $868 million in first quarter revenue, up 9.3% from 2023's first quarter.
Ducommun reported first quarter revenue of $190.8 million, an increase of 5.3% over the first quarter of 2023.
Incap saw revenue of EUR51.4 million ($55.2 million) in the first quarter, a 29.3% year-over-year decline.
Hongxin Electronics Technology Group has announced a CNY1.5 billion ($207.6 million) deal to provide AI computing servers to China's Qianyang government in northwestern Gansu province.
Smartphone and PC shipments will each show growth of around 2% this year, driving small unit shipment growth in all package categories, TechSearch International forecasts in a new report.
TSMC’s advanced packaging capacity is fully booked until 2025 due to hyper demand for large, powerful chips from cloud service giants like Amazon AWS, Microsoft, Google, and Meta.
SK Hynix has agreed to sell its nearly 50% stake in its foundry unit based in China to a Chinese state-owned enterprise.
The Indian government is looking to develop policies that will encourage electronics manufacturers, including Apple, to expand their design activities within the country.
Wistron’s April revenue was a record high for the same period in previous years.
SMIC, China's largest contract chipmaker, reported a first quarter revenue rise of 19.7% on Thursday, as its global customers rebuilt their inventories.
The US Department of Commerce has revoked several export licenses that allowed some companies to supply goods, including semiconductors, to Chinese electronics manufacturer Huawei.
Dixon Electronics announced a partnership with Nokia Solutions and Network OY to develop and manufacture telecom products for Nokia.
Bright Machines is partnering with Microsoft Azure to build and distribute electronics manufacturing software.
NEOTech installed Palomar 8100 wire bonder machines at its Chatsworth, CA, facility.
Coherix has partnered with Eastern Michigan University to develop a “factory-of-the-future” manufacturing and assembly technology program.
Plexus will produce and ship Simbe’s retail robotics-as-a-service.
Inovaxe appointed Jorge Gonzalez Mexico regional sales manager.
Curtiss-Wright named Justin Fleming electrical engineer.
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