Toshiba's board voted in favor of a 2 trillion yen ($15.3 billion) buyout led by Japan Industrial Partners (JIP), setting the troubled industrial group on a path to go private if the bid succeeds.
Pegatron is in talks to open a second India factory, said two sources with direct knowledge of the matter, as the US tech giant's partners continue to diversify production away from China.
Though overall sentiment is upbeat, around 58% of the respondents to IPC’s monthly Global Sentiment of the Electronics Supply Chain Report expect to raise prices in 2023, with an average of an 8% increase.
South Korea's trade ministry said the US' proposed rules to prevent $52 billion in chip funding from being used by "countries of concern" will not force recipients to shut down their China factories.
Vivek Bansal, co-founder and president of engineering at VVDN Technologies, discusses plans to invest $100 million over the next five years in a new 100-acre factory in Tamil Nadu which will add PCB fabrication capability, rounding out the firm's vertical integration strategy, on the PCB Chat podcast with Mike Buetow.
Xingsen Technology said its FCBGA packaging substrate project is still under construction, and it is expected that mass production will begin at the Zhuhai base in the third quarter of this year and trial production at the Guangzhou base in the fourth quarter of this year.
The US' escalation of the chip war with China has prompted more companies to shift their orders to Taiwan-based pure-play foundries.
Collins Aerospace plans to expand its electronics production facility in Cedar Rapids, IA, to meet increasing demand.
Evoqua Water named Silfex and Zhen Ding recipients of the 2023 Evoqua Water Sustainability Award.