BUSINESS NEWS
Dixon Technologies announced revenue of INR10,453 crore ($1.2 billion) for the third quarter of its fiscal year, up 117% from the same quarter last year.
Jabil reportedly plans to shut down its operations in Marcianise, Italy, by March this year.
The proportion of Taiwan’s exports directed to China, including Hong Kong, declined by more than 12% compared to 2020, while exports to the US grew by 120% over the same period – primarily driven by electronics and semiconductors.
India has significantly grown in global electronics value chains due to government policies supporting export-led manufacturing, said former Union Minister of State for IT Rajeev Chandrasekhar.
Several companies from the United States have expressed interest in the Philippines’ semiconductor and electronics global chain value, according to the Philippine Economic Zone Authority.
TSMC said all its sites were operating following a 6.4-magnitude earthquake Monday night in southern Taiwan that caused only minor damage and light injuries.
Global server shipments are projected to grow at a compound annual growth rate (CAGR) of 4% from 2024 to 2029, according to DigiTimes Research.
South Korea’s leading electronics companies, such as Samsung and LG, are considering moving their plants in Mexico to the US to respond to proposed tariff policies.
Dixon Technologies will build a $3 billion display fabrication facility in India to strengthen its foray into the electronics components industry.
Kitron announced a long-term contract valued at over €30 million ($31.3 million) for the production of advanced optical assemblies for the UAV and drone sector.
Libra Industries announced significant enhancements to its machining capabilities at its corporate headquarters in Dayton, OH.
Renex named Technica USA distributor in California, Oregon, Idaho, Nevada, Arizona, New Mexico, Colorado and Wyoming, with nonexclusive coverage in Washington and Utah.
AIM Solder promoted Kelly Cardone to vice president, customer experience.
StenTech appointed Jordan Owens CFO.
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