BUSINESS NEWS
Production of electronic components, mainly semiconductors and displays, jumped 11.1% annually last quarter, thanks to strong demand for chips used in AI and HPC devices, Taiwan's Ministry of Economic Affairs said. Production of computers and optical components increased 17.7% from a year ago, bolstered by higher demand for AI and cloud-based data centers.
Plexus has reportedly notified Oregon officials of plans to close its contract electronics manufacturing factory here by this fall.
Chinese universities and research institutes recently obtained high-end Nvidia NVDA.O artificial intelligence chips through resellers, despite the US widening a ban last year on the sale of such technology to China.
Japan's output of printed circuit boards decreased 9.3% in February from the same month last year to 757,000 sq. m., the 25th consecutive drop, and the output fell 11.4% To 44.303 billion yen, the Japan Electronics Packaging Circuits Association (JPCA) said.
Shenzhen Jove Enterprise reported 2023 sales of CNY1.24 million ($171.3 million), down 19% from a year ago.
Padget Electronics, a subsidiary of India-based Dixon Technologies, signed an agreement with Longcheer, the world's second-largest smartphone ODM based in China, for smartphone manufacturing.
Saudi Arabia has set its intentions on advanced manufacturing, and one company, Alat (Arabic for "machine"), is taking the lead, focused on developing electronics and advanced industrial production while pioneering industry 4.0 technology and the use of clean energy in manufacturing.
Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps," it announced Tuesday.
US companies borrowed 7% less to finance equipment investments in March compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Monday.
TTM Technologies purchased Inovaxe SREX racks.
Nordson named Daniel Hopgood chief financial officer.
LPKF extended the contract of its CEO, Klaus Fiedler, until 2028.
Regina Lathrop, marketing coordinator and co-owner of Datest, has passed away.
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