BUSINESS NEWS
Victory Giant Technology reported sales of CNY2.4 billion ($332 million) for the first quarter, up 33% compared to the same quarter last year.
Note reported first quarter sales of SEK1.06 billion ($96.9 million), in line with its sales for the first quarter of 2023.
Jabil has placed CEO Kenny Wilson on paid leave pending the completion of an investigation related to corporate policies.
VT Mechatronics recently completed an expansion of its factory in Győr, Hungary, that doubled its assembly capacity.
Cicor Group reported organic first quarter sales growth of 0.3% and a book-to-bill ratio of 1.0 before acquisitions.
TSMC has cut its 2024 growth predictions for the foundry and semiconductor industries while keeping the company's growth forecast at 21-26%.
Samsung hopes that bolstering its US supply chain can restore some of the company’s lost momentum in the most recent electronics industry downturn.
Nokia has reportedly reduced orders with supplier Foxconn Industrial Internet to help meet requirements of the US ‘Clean Network’ program.
Padget Electronics has entered into an agreement with Chinese ODM Longcheer for manufacturing and sale of smartphones for global brands using Longcheer’s design and technology.
Phononic announced the launch of a wholly owned subsidiary in Thailand as its APAC headquarters.
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