News
YAVNE, ISRAEL – AOI equipment maker, Orbotech Ltd., has fired dozens of employees from its workforce of 800 in Israel, according to Global Online.
The firm’s LCD testing system division reportedly has been affected most because of canceled new projects.
According to the Israeli publication Global Online, the firm also will shut down its third-largest business: the IC division. The division reportedly will merge with the company’s largest division: printed circuits.
Orbotech employees 1,600 worldwide.
SAN JOSE – Tessera Technologies Inc., provider of miniaturization technologies, said Bruce McWilliams, its chairman, president and chief executive officer, has stepped down.
NUREMBERG and ARLINGTON, VA – Consumer electronics revenues in China are forecast to reach $100 billion by 2009, surpassing Western Europe and North America between 2009 and 2010, say market researcher GfK and the Consumer Electronics Association.
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