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BUSINESS NEWS
TTM reported net sales were $846M in the March quarter, up 30% year on year, and an all-time quarterly record.
Samsung Electro-Mechanics posted first-quarter operating profit of $189M, up 40 percent from a year earlier and well above analysts’ expectations, on demand for high-end semiconductor substrates used in AI accelerators.
A US Defense Department spokesman says the Revolutionary Federal Acquisition Regulation Overhaul will reduce regulatory burdens on industry.
The US ordered chip equipment firms to halt some shipments to Hua Hong, tightening curbs on China’s advanced semiconductor production.
Global silicon wafer shipments rose 13 percent year-over-year to 3.28B square inches in the first quarter.
Plexus reported $1.1B in second-quarter revenue, up 19 percent year over year.
LG Electronics and Nvidia are in talks to collaborate on robotics, AI data centers, and mobility initiatives.
Samsung reported record results, rising more than 750 percent year over year as AI-driven memory demand lifted pricing.
Axoft raised $55M in an oversubscribed Series A to advance implantable brain-computer interfaces.
Benchmark reported $677M in first-quarter revenue, up about 7 percent year over year.
Tata Electronics has overtaken Foxconn to become Apple’s biggest contract manufacturer in the country by headcount.
Teradyne reported first-quarter revenue of $1.2B, beating estimates, as AI-related demand drove record results and year-over-year growth.
Doosan will invest $135M in a new manufacturing base in Thailand for manufacturing copper-clad laminates.
PI Advanced Materials said it achieved both improved profitability and a more stable financial structure in the first quarter, driven by a higher share of products with flexible printed circuit boards.
Express Manufacturing added a second TRI 3D AXI.
Gowin Semiconductor and JLCPCB will collaborate to offer access to FPGA devices for prototype developers.
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