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BUSINESS NEWS
A World Economic Forum briefing note presents insights from a series of dialogues, a survey and interviews on the challenges in reverse supply chains for electronics.
With system vendors and contract manufacturers relocating part of their production to India, Taiwan-based IC distributors are encouraged to step up their deployments in the region, according to industry sources.
Peter Navarro, the US’s top trade advisor, expressed confidence that the Foxconn facility in Mount Pleasant, WI, will come to completion with "a more resilient business model."
Raytheon plans to eliminate more than 15,000 jobs this year at its corporate offices, Pratt & Whitney and Collins Aerospace amid the downturn in the airline industry.
Note expects a continued positive earnings trend, with operating margin for the third quarter estimated to amount to approximately 8%, a significant increase in margins compared with last year.
A World Trade Organization panel ruled that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating Beijing even if the US has all but incapacitated the WTO’s ability to hand down a final, binding verdict.
TT Electronics agreed to buy Torotel for $43.4 million in cash.
Tesla reportedly has added Pegatron as a supplier of components for the central control system of its Model 3.
NI named Digi-Key to distribute its software-connected test and measurement products.
AQS purchased a Nordson Select Novo 103 selective soldering platform.
National Circuit Assembly installed a Parmi HS60L 3-D SPI.
Z-Axis expanded its production capacity for custom cable assemblies and wire harnesses.
ChargePoint named Michael Mucish product quality engineer.
Z-Axis named Crystal Brownell sales specialist.
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