BUSINESS NEWS
Sypris Solutions reported revenue of $35.7 million for the third quarter, up 6.2% from the same quarter last year.
Flexible Circuit Technologies has expanded its electronics manufacturing and contract manufacturing services with the opening of FCT-Huizhou.
Zollner Elektronik is expanding its Asian business capabilities by acquiring Bluechips Microhouse, a contract manufacturer based in Thailand.
SP Manufacturing has announced the acquisition of the Asia operations of Ideal Jacobs, a Hong Kong-based EMS provider.
Jabil has announced a joint venture with AI company Cyferd to introduce ID8 Global, a GenAI-driven autonomous supply chain and procurement platform.
Electronic Source Company has been acquired by private equity firm Sverica Capital Management, which aims to lead the company through its next stage of growth.
Zhen Ding Technology announced revenue of NT50.6 billion ($1.6 billion) for the third quarter, up 21% from the third quarter of 2023.
Inventec forecasts revenue growth of a single-digit percentage next year from this year amid expectations that end-market demand for notebook computers, servers and smart devices will remain robust.
Japan has unveiled a $65 billion plan to boost the country's chip and artificial intelligence industries via subsidies and other financial incentives.
Apple may soon shift a large portion of its iPhone manufacturing from China to India, potentially reaching $30 billion within two years.
Foreign companies are expanding capacity in Vietnam for testing and packaging chips while domestic firms are eyeing investments as industrial activity shifts away from China due to trade tensions with the West.
Global server shipments rose 4.3% sequentially in the third quarter, but may decline in the fourth quarter as demand stays fuzzy.
The Millice Group appointed CE3S East Coast distributor.
Parmi USA appointed Juan Arango head of sales and business development.
Naprotek appointed Jeff Hassannia to its board of directors.
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