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BUSINESS NEWS
The Defense Department is seeking industry feedback on a proposed DFARS rule that would restrict procurement of printed circuit boards from China, Russia, Iran and North Korea while establishing new hardware assurance and supply chain security requirements for military acquisitions.
North American PCB bookings more than doubled year-over-year in May, lifting the region's book-to-bill ratio to 1.60.
Foxconn reported record second-quarter revenue of over $78B, up nearly 40 percent year-over-year.
Samsung Group will invest 140 trillion won ($90B) through 2040 to expand semiconductor, display, battery and advanced chip packaging production in South Korea's Chungcheong region.
North American EMS shipments rose 5 percent year-over-year in May as the industry's book-to-bill ratio remained above the benchmark 1.0 mark for a ninth consecutive month.
Asahi Kasei will build a new processing facility for semiconductor substrate materials in Taiwan.
The US Army is expanding production capacity at Tobyhanna Army Depot with new PCB assembly lines to support large-scale manufacturing of drones under its Drone Dominance initiative.
GS Group subsidiary CTS in Russia is launching production of PCBs for Katyusha printers and multifunction devices, with an initial run of 50,000 units aimed at increasing domestic electronics manufacturing.
Parmi appointed Cope Assembly Products manufacturers' representative for Delaware, Maryland, West Virginia, Virginia, North Carolina and South Carolina.
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