News
KUALA LUMPUR – Unisem, a maker of semiconductor test and packaging equipment, announced record revenue of $90.9 million for the third quarter, up 70.9% year-over-year. The company’s net profit ($9.23 million) grew 73.7% year-over-year.
Sequentially, sales were up 89%, while net profit increased 12%.
The significant upsurge in revenue was attributed to increased sales volume, revenue and profit contribution from Unisem Mauritius (formerly known as Advanced Interconnect Technologies Ltd.) after the acquisition in July, higher capacity utilization, and significant reduction in operating losses from both its China and European subsidiaries.
Year-to-date, the group recorded revenue of $182.9 million, an increase of 17.6% year-over-year.
Year-to-date net profit was $18.2 million, a 10.4% increase year-over-year.
John Chia, group managing director said, “Unisem expects the group’s revenue and earnings to improve further … the business of the group will remain strong in the fourth quarter.”
Sequentially, sales were up 89%, while net profit increased 12%.
The significant upsurge in revenue was attributed to increased sales volume, revenue and profit contribution from Unisem Mauritius (formerly known as Advanced Interconnect Technologies Ltd.) after the acquisition in July, higher capacity utilization, and significant reduction in operating losses from both its China and European subsidiaries.
Year-to-date, the group recorded revenue of $182.9 million, an increase of 17.6% year-over-year.
Year-to-date net profit was $18.2 million, a 10.4% increase year-over-year.
John Chia, group managing director said, “Unisem expects the group’s revenue and earnings to improve further … the business of the group will remain strong in the fourth quarter.”
DALLAS – Titan Global Holdings will acquire the assets of EMS provider Nexus Nano Electronics in an equity-based transaction conducted through a third-party investment group.
HERNDON, VA – The International Electronics Manufacturing Initiative announced publication of Lead-Free Electronics: iNEMI Projects Lead to Successful Manufacturing.
The book, published by Wiley-IEEE Press, is based on results of iNEMI’s six years of study into lead-free electronics, and covers implementation issues of Pb-free solder into board assembly, iNEMI says.
“The iNEMI book is the first practical, primary reference to cover lead-free solder assembly, as well as the analysis and reasoning behind the selection of tin-silver-copper as the recommended lead-free solder,” said Jim McElroy, iNEMI CEO. "Data from several large reliability studies, including rework on standard and large boards, demonstrated the manufacturability of the recommended solder.”
The book features chapters by industry experts on Pb-free processing and covers such topics as solder material properties, reliability testing, lead-free rework, and tin whisker mitigation strategies.
The 472-page book sells for $99.95 and can be purchased through the Wiley-IEEE Press website at http://www.wiley.com/WileyCDA/WileyTitle/productCd-0471448877,miniSiteCd-IEEE2.html.
The book, published by Wiley-IEEE Press, is based on results of iNEMI’s six years of study into lead-free electronics, and covers implementation issues of Pb-free solder into board assembly, iNEMI says.
“The iNEMI book is the first practical, primary reference to cover lead-free solder assembly, as well as the analysis and reasoning behind the selection of tin-silver-copper as the recommended lead-free solder,” said Jim McElroy, iNEMI CEO. "Data from several large reliability studies, including rework on standard and large boards, demonstrated the manufacturability of the recommended solder.”
The book features chapters by industry experts on Pb-free processing and covers such topics as solder material properties, reliability testing, lead-free rework, and tin whisker mitigation strategies.
The 472-page book sells for $99.95 and can be purchased through the Wiley-IEEE Press website at http://www.wiley.com/WileyCDA/WileyTitle/productCd-0471448877,miniSiteCd-IEEE2.html.
CRANSTON, RI – Veteran inventor Karl Seelig has been named chairman of the IPC Solder Products Value Council.
Seelig, vice president of technology at AIM, has authored numerous technical papers on topics such as lead-free electronics assembly, no-clean flux, assembly and process optimization, inspection, and metallurgy. He holds several patents in soldering technology, including four for lead-free solder alloys.
He supersedes Roger Savage, president of Kester, who completed a two-year term.
The SPVC is a management council formed under the auspices of the IPC whose aim is to provide leadership for the global solder manufacturing industry.
AIM is a global manufacturer of assembly materials.
Seelig, vice president of technology at AIM, has authored numerous technical papers on topics such as lead-free electronics assembly, no-clean flux, assembly and process optimization, inspection, and metallurgy. He holds several patents in soldering technology, including four for lead-free solder alloys.
He supersedes Roger Savage, president of Kester, who completed a two-year term.
The SPVC is a management council formed under the auspices of the IPC whose aim is to provide leadership for the global solder manufacturing industry.
AIM is a global manufacturer of assembly materials.
HUNTSVILLE, AL -- Sanmina-SCI's local PCB assembly plant suffered a transformer fire Oct. 31, according to local news reports.
The fire originated in the facility's power plant on the evening of Oct. 31, the Huntsville Times reported .
The paper said witnesses and firefighters attributed the fire to the transformers, but the cause remains under investigation.
The extent of any damage is unclear at this time.
On an unrelated note, Sanmina-SCI was recently involved in a pair of real estate transactions in the area. Brazelton Properties bought a 130,000-sq. ft. campus in Lacey's Spring, AL, for $1.2 million, and local investors purchased a 194,540-sq. ft. office and warehouse building in Huntsville for $2.9 million.
CHENNAI, INDIA -- The head of Flextronics' India operations has reportedly left the company.
A. Gururaj, director and general manager of Flextronics Technologies as well as overseer of the EMS company's manufacturing facility here, reportedly resigned more than a month ago, said The Business Standard, citing industry sources.
Gururaj declined comment to The Business Standard. “I am not talking to the media about it,” he reportedly told the news outlet.
There have been reports over operational issues at the plant.
A. Gururaj, director and general manager of Flextronics Technologies as well as overseer of the EMS company's manufacturing facility here, reportedly resigned more than a month ago, said The Business Standard, citing industry sources.
Gururaj declined comment to The Business Standard. “I am not talking to the media about it,” he reportedly told the news outlet.
There have been reports over operational issues at the plant.
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