BUSINESS NEWS
Foxconn reported a 3.5% year-over-year increase in revenue for November, reaching the company's second-highest total for the month at NT672.6 billion ($20.8 billion).
VS Industry announced RM1.11 billion ($249 million) in revenue for its first quarter, down 2.6% from the same quarter last year.
Global semiconductor sales hit $56.9 billion in October, an increase of 22.1% compared to the October 2023 total of $46.6 billion, the SIA announced.
Eagle Electronics has raised $14 million to build a new manufacturing facility in Solon, OH.
The threat of new tariffs on certain US imports has the electronics manufacturing, distribution and logistics industries planning for increased costs and disruptions while hoping for a better business environment in 2025.
BYD’s contract manufacturing business now assembles over 30% of all iPads and is taking a bigger role in manufacturing iPhone parts such as the titanium frame.
The global market for personal computing devices, including PCs and tablets, is set to grow 3.8% in 2024, reaching 403.5 million units, according to the latest forecast from IDC’s Worldwide Quarterly Personal Computing Device Tracker.
Apple plans to invest $1 billion in a manufacturing plant in Indonesia to produce components for smartphones and other products.
Redarc extended its defense businesses by acquiring electronic warfare specialist Asension.
Isu Petasys has pulled out of its plan to acquire carbon nanotube maker JEIO.
Asteelflash expanded its SMT assembly capacity at its Bedford, UK, plant with eight Fuji NXT III placement machines.
Mint Innovation, an Australian company scaling up a hydrometallurgical technology to recover precious metals from circuit boards, began construction on a $20 million refinery in Texas.
ASYS Group opened a new Swiss subsidiary, ASYS Automation Switzerland.
Würth Elektronik opened a new prototype lab in Munich.
MKS Instruments was named one of America’s Most Responsible Companies for 2025 by Newsweek and Statista.
ViTrox Americas named ASC International sales channel partner and manufacturers’ representative for Minnesota, North Dakota and South Dakota.
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