Device makers may be heading toward an inventory correction next quarter, as they revisit their production plans amid weakening demand in some major markets.
SIIX reported fiscal fourth quarter revenue of 52.9 billion yen, down 2.4% year-over-year. For the quarter ended Mar. 31, Japan’s largest EMS company said operating profit rose 67% to 1.5 billion yen.
Several Taiwanese tech companies have tightened their epidemic prevention measures after the country recorded a single-day high of 16 domestic Covid-19 cases on Wednesday.
Venture Corp. reported first quarter revenue rose 2% over last year to S$686.7 million.
SVI Public Co. said first quarter consolidated sales were THB 3.5 billion (US$114.7 million), up 7.7% year-over-year and down 6.4% sequentially.
UMC Electronics reported fiscal third quarter net sales rose 1.7% to 39.2 million yen for the period ended Mar. 31.
Nortech Systems’ first quarter net sales fell 19.6% to $22.1 million.
A new two-hour webinar can help printed circuit board buyers save up to 25%.
UMC Electronics is closing production at its electronics manufacturing factory in Mexico and winding down its business operations in North America, a reaction to the slowing automotive market.
Electronics manufacturer GPV reported first quarter revenue of DKK 741 million (US$120.3 million), up 9% year-over-year.
ElectraMeccanic broke ground on its first US-based electric vehicle manufacturing facility and state-of-the-art engineering technical center in Mesa.
Fisker announced framework agreements with Foxconn supporting joint development and manufacturing related to Project PEAR (Personal Electric Automotive Revolution), a program to develop a new breakthrough electric vehicle.
TTM received a "25-years Special Contribution Suppliers" by United Automotive Electronic Systems.
Megger has installed two Europlacer iineo+ pick & place machines.
NI announced the expansion of its global distribution channels, a strategic move to support its omnichannel strategy dedicated to serving small-to-medium business customers.
Luminar Technologies announced a partnership with Celestica and Fabrinet for volume production.
Bright Machines named PAC Global distributor in the Southwestern United States and Mexico.
Tech Etch appointed Brian Roberts chief financial officer.
Arch Systems hired Dave Trail as VP of sales.