Latest News
HELSINKI – Nokia on Tuesday said it will shutter its plant in Bochum, Germany, by mid-year and will pare as many as 2,300 staff from its payroll.
WEST BRIDGEWATER, MA – Silver Mountain Design will represent the full range of Sunburst EMS’s electronics manufacturing services in the Western U.S., including design, prototyping, PCB assembly, conformal coating, box build, and supply chain management.
Silver Mountain Design is a manufacturer’s rep with three sales offices representing Nevada, Arizona, New Mexico, and Southern California.
Silver Mountain Design is a manufacturer’s rep with three sales offices representing Nevada, Arizona, New Mexico, and Southern California.
STOCKHOLM – NOTE, one of Europe’s largest EMS providers, is laying off 124 employees across four locations in Sweden.
SHANGHAI – Business Media China has issued a call for papers for the China SMT Forum scheduled for Nov. 4-6 at the Shanghai International Exhibition Center.
Abstracts are requested for sessions on lead-free soldering and RoHS-conform technologies, semiconductor packaging and power electronics, PCB technologies, surface finishes and quality control, reliability and testing, assembling and soldering technologies, and electronic markets and future trends.
The deadline for abstracts is April 15.
For more information, visit www.chinasmtforum.com.
HERNDON, VA – iNEMI is gearing up for development of its 2009 Roadmap and is looking for industry experts to contribute.
The North American kick-off meeting is Feb. 20-21 at H-P in Cupertino, CA and is open to anyone who wants to participate.
SAN JOSE – Sanmina-SCI today said its first-quarter fiscal 2008 revenue would be $2.53 billion, in line with previous guidance of $2.5 billion to $2.65 billion.
SPRINGFIELD, MA — A merger by a pair of EMS companies has led to a name change for the combined entity.
Nu Visions and Veritek are now OnCore Manufacturing Services (OnCore). The company focuses on the defense/aerospace, medical and industrial segments, and has locations in Springfield, MA; Longmont, CO; San Jose and San Marcos, CA; and Tijuana, Mexico.
The merged company has estimated sales of more than $200 million and more than 900 employees. Its Web site is www.oncorems.com.
Nu Visions and Veritek are now OnCore Manufacturing Services (OnCore). The company focuses on the defense/aerospace, medical and industrial segments, and has locations in Springfield, MA; Longmont, CO; San Jose and San Marcos, CA; and Tijuana, Mexico.
The merged company has estimated sales of more than $200 million and more than 900 employees. Its Web site is www.oncorems.com.
YAVNE, ISRAEL – Software provider Valor Computerized Systems plans an initial public offering of ordinary shares, according to a Securities and Exchange Commission filing.
The company did not disclose the expected size or price range of the IPO, but indicated the planned March offering may net up to $80.5 million.
The company plans to offer $50 million of shares, while shareholders will make an offer to sell of up to an additional $20 million of their shares and underwriters will be granted options for an additional $10.5 million worth of shares.
For the nine months ended Sept. 30, Valor's earnings were $2.2 million on revenue of $31.4 million.
The company did not disclose the expected size or price range of the IPO, but indicated the planned March offering may net up to $80.5 million.
The company plans to offer $50 million of shares, while shareholders will make an offer to sell of up to an additional $20 million of their shares and underwriters will be granted options for an additional $10.5 million worth of shares.
For the nine months ended Sept. 30, Valor's earnings were $2.2 million on revenue of $31.4 million.
Valor, currently traded on the Frankfurt Exchange, said its new symbol will be "VLOR."
MANAMA, BAHRAIN – An investment group on this Indian Ocean island nation has purchased a majority stake in EMS provider Victron.
Victron has a 130,000 sq. ft. manufacturing plant in Fremont.
"Our partnership with Unicorn will allow us to further leverage our core competencies to serve the growing number of companies with high-mix electronics needs," said Victron president Chris Lee. "We are excited at the opportunity of working with Unicorn's team to explore international expansion opportunities."
Unicorn Investment Bank invested $70 million to acquire an 80% equity stake in the Fremont, CA-based EMS company. Its management team is expected to stay on.
"Victron combines strong execution capabilities with highly-flexible operations, resulting in a unique and highly-competitive business model," said Unicorn global private equity managing director Aamir Khan, in a statement.
"Victron combines strong execution capabilities with highly-flexible operations, resulting in a unique and highly-competitive business model," said Unicorn global private equity managing director Aamir Khan, in a statement.
Victron has a 130,000 sq. ft. manufacturing plant in Fremont.
"Our partnership with Unicorn will allow us to further leverage our core competencies to serve the growing number of companies with high-mix electronics needs," said Victron president Chris Lee. "We are excited at the opportunity of working with Unicorn's team to explore international expansion opportunities."
WASHINGTON -- The U.S. Department of Commerce has named industry veteran Dr. Jennie S. Hwang to the District Export Council.
Her four-year term begins this month and runs through Dec. 31, 2011.
Her four-year term begins this month and runs through Dec. 31, 2011.
BRIDGEVILLE, PA – Amherst Systems Associates has published a no-cost test script for their M1 Oscilloscope Tools software that enables DDR3 compliance testing on Tektronix, Agilent, LeCroy or Yokogawa oscilloscopes.
Visit www.ScopeApplications.com for more information.
Visit www.ScopeApplications.com for more information.
ELKHART, IN – CTS Corp. named Donna L. Belusar senior vice president and chief financial officer, effective Jan. 21.
Belusar replaces Vinod M. Khilnani, who was appointed to president and chief executive in July.
Belusar has most recently served as executive CFO, Global Financing Americas Division of IBM Credit. She began her career with IBM in 1982.
Belusar replaces Vinod M. Khilnani, who was appointed to president and chief executive in July.
Belusar has most recently served as executive CFO, Global Financing Americas Division of IBM Credit. She began her career with IBM in 1982.
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