SAN FRANCISCO -- Top 20 EMS provider Fabrinet today reported fiscal fourth-quarter net income rose 23% year-over-year to $16.7 million.It was the company's 46th straight quarter of profitability.

BEIJING – EMS firm Beijing Brio Technology has moved into a custom new factory here.

SHENZHEN – Electronics manufacturer SinoHub reported second-quarter net sales of $40.9 million, down 6.8% year-over-year.

Net income was $1 million, down 70.6% compared to the same period last year.

Sales in the ICM business segment were $9.2 million, down 30.8% year-over-year.

Net sales from the electronic component sales and supply chain management services segment for the quarter were $31.7 million, up 3.6% compared to the second quarter of 2010.

“Our results were impacted this quarter by a significant decline in sales from our ICM segment, as our largest customer faced inventory issues relating to phones purchased from another supplier.  As a result, this customer was unable to purchase any phones from SinoHub during the second quarter,” said CEO Harry Cochran.
“We have decided to shift the electronic component procurement portion of our ECSS segment to a brokerage model from our current model where we take ownership of components.” 

Net sales for the six months ended June 30 were $78.9 million, down 4.4% compared to the year-earlier period. 

Gross profit for the six-month period was $12.1 million, down 17.7% year-over-year.

WAYNE, NJ – Fisnar has launched a Web-based automated dispensing programming service.
 
The service allows customers to program and confirm an automated dispensing application without having to purchase equipment or allocate engineering time before making an investment.
 
Fisnar’s engineers will help select the right robot and provide integration advice. For more information, visit www.fisnar.com/video-trial.
 
Fisner provides fluid dispensing and dispensing automation systems.

SAN FRANCISCO -- Presentations from a major solar and photovoltaic industry meeting here last month are now available online.

BANNOCKBURN, IL — IPC president Denny McGuirk has resigned to accept a new position as president and CEO of SEMI, effective Nov. 1, the trade group announced today.

FREEPORT, PA — EMS firm Dynamic Manufacturing has begun work on an expansion that will double its manufacturing space here by year-end.

HONG KONG – Surface Mount Technology (Holdings) Ltd. reported revenue for the first quarter ended June 30 of $53.2 million, down 36.2% year-over-year.

NEW CANAAN, CT – Private equity firm J.H. Whitney Capital Partners has joined with Autosplice’s existing management to acquire the electronic interconnect solutions provider.

Day-to-day operations of Autosplice will remain in their current locations, and there will be no changes to Autosplice’s management.

No financial terms of the purchase were disclosed.

TAIPEI – Foxconn Electronics posted revenues of $7.92 billion for July, up 17% year-over-year and 0.45% sequentially.

MINNEAPOLIS – Electronics manufacturing services provider Nortech Systems reported net sales of $27.8 million for the second quarter, up 13% year-over-year.
Net income was $146,000, down slightly from $147,000 in the second quarter of 2010.

For the six months ended June 30, Nortech reported net sales of $56.8 million, up 22% year-over-year.

Net income for the same six-month period was $772,000, up 219% year-over-year.

“Our two newest acquisitions led the sales growth for industrial and medical customers,” said Mike Degen, president and CEO.

For Nortech’s defense customers, Degen said the second quarter saw federal funding emerge on several key programs that had been originally scheduled for earlier in the year. During the second quarter, the company’s 90-day backlog for defense customers increased 44% to $4 million.

Nortech’s overall 90-day backlog on June 30 was $22.8 million, up 14% from the start of the quarter.

Degen said the company’s core, non-acquisition revenue decreased slightly during the quarter, resulting in part from some softening in the long-term outlook for semiconductor capital equipment spending.

LAGUNA, PHILIPPINES – Integrated Micro-Electronics Inc.'s second-quarter net profits slipped 27% despite a big jump in revenue.