News

HAIFA, ISRAEL – Green Point, the plastic and metal parts design and manufacturing division of Jabil, announced today the opening of its new 2,000 square meter Optics Technology Innovation Center here.

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SCOTTSDALE, AZ – IC Insights has raised its expectations for 2018 capital spending by six percentage points to a 14% increase. If this occurs, it would be the first time semiconductor industry capital outlays exceeded $100 billion. The worldwide 2018 capital spending forecast figure is 53% higher than 2016 spending.

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WESTLAKE, OH – Nordson reported fiscal second quarter net sales of $553.7 million, up 11.6% year-over-year.

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SAN JOSE, CA – Power Design Services (PDS) and Green Circuits announced a merger agreement, effective May 21. Financial and other terms were not disclosed.

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SHANGHAI -- Some 16 companies, including Foxconn and China Telecom, announced their backing of the 5G industry alliance, announced yesterday here.

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JASPER, IN -- Kimball Electronics announced today that it has signed an agreement to purchase substantially all of the assets and assume certain liabilities of GES Holdings, Global Equipment Services and Manufacturing, and its subsidiaries for approximately $50 million plus assumed liabilities, subject to certain post-closing working capital adjustments.

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