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BUSINESS NEWS
The world’s two largest memory makers, Samsung and SK Hynix, warned the memory chip crunch will continue until 2027, driven by AI demand.
Celestica reported fourth-quarter revenue of $3.65B, up 44 percent year over year, and full-year 2025 revenue of $12.39B, a 28 percent increase.
Plexus reported first-quarter results above expectations, with earnings up about 3 percent year over year and revenue rising approximately 9.6 percent.
Scanfil expects 2026 revenue of about $1.02B to $1.16B, implying growth of roughly 21 percent to 36 percent versus 2024.
Elite Material acquired a Taoyuan factory for $88M to expand copper-coated board production.
Scanfil plans to invest in expanding its plant in Suzhou, China, adding 15,700 square meters of space.
PCB equipment maker Shenzhen Han's CNC Technology seeks to raise up to HK$4.83 billion ($619 million) in its Hong Kong listing, according to an exchange filing on Thursday.
Benchmark Electronics plans to lay off 65 employees at its Phoenix manufacturing facility.
Tesla is entering what executives describe as a "turning point" year, pushing forward with robotaxi deployment and full self-driving (FSD) technology.
Giga Computing launched its first India-manufactured server with Syrma SGS Technology Limited.
Southco opened a new manufacturing facility in Chon Buri, Thailand.
CalcuQuote rebranded under Elisa Industriq, aligning its market identity with the group’s industrial software portfolio.
Kitron received an add-on order worth approximately EUR 5 million to build advanced electronics for autonomous systems for a defense customer.
RTX’s Raytheon awarded TTM Technologies a three-year contract worth up to $200M.
SEMI outlined its 2026 US policy priorities, calling for predictable trade, workforce development, investment certainty and sustained CHIPS Act implementation.
SIA president and CEO John Neuffer will retire in mid-2026 after 11 years leading the association.
Pillarhouse USA appointed Lean Stream sales representative for Northern California and Northern Nevada.
Keiron Printing Technologies appointed BarTron, Inc. sales representative for the Midwest and Ohio Valley US.
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