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BUSINESS NEWS
Fabrinet recorded fiscal third quarter revenue of $731.5 million, up from $665.3 million a year ago.
Nan Ya Printed Circuit Board announced first quarter sales of NT7.1 billion ($219.7 million), down 41% from the first quarter of 2023.
Key Tronic reported total revenue of $140.5 million, compared to $164.6 million in the same period of fiscal 2023.
Dynamic Holding announced revenue of NT3.68 billion ($113.9 million) for the first quarter, remaining flat compared to the same quarter last year.
Foxconn reported record sales for the month of April and reiterated its expectations for a rise in revenue for the second quarter.
Overall sales sentiment among electronic components supply chain players continues to rise, according to ECIA's latest Electronic Component Sales Trends survey.
Global semiconductor materials market revenue in 2023 contracted 8.2% to $66.7 billion from the market record of $72.7 billion set in 2022, SEMI reported in its Materials Market Data Subscription (MMDS).
Worldwide tablet shipments posted modest year-over-year growth of 0.5% in the first quarter after more than two years of decline, IDC reported from its Worldwide Quarterly Personal Computing Device Tracker.
TTM Technologies is adding more than 120 jobs at its two Stafford, CT, locations.
GPV Electronics has opened a refurbished factory building in Thailand, adding 7,000 sq. m. of floor space to its existing 15,000 sq. m. facility.
Tata Electronics has begun exporting limited quantities of semiconductor chips packaged at its pilot line in Bengaluru, India.
EMS Group, a Filipino semiconductor subcontractor, said its partnership with three foreign firms could fetch a combined investment of $1.6 billion with initial operation commencing next month.
Thailand's Board of Investment has approved an expanded definition of PCB businesses to further promote foreign investment in PCB manufacturing and cover the entire supply chain.
Neways will build vision- and optics-related products for Saab’s defense vehicles.
HP India is reportedly in talks with VVDN Technologies and Dixon Technologies to assemble laptops there.
Celestica has partnered with Aviz Networks to streamline and support SONiC-based network deployments.
AIM Solder named Shinil Fl distributor in Korea.
Surrey Satellite Technology Limited installed a Kolb PSE LH5 cleaning system.
Datasound Laboratories purchased a Mirtec MV-3 OMNI Desktop 3-D AOI.
SMTXtra appointed E-Tronix manufacturer’s representative in Minnesota, North Dakota, South Dakota, Iowa and Nebraska.
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