News
Glen Cove, NY— PCB manufacturer Photocircuits Corp. has received approval to proceed with the sale of substantially all of its assets, including the assumption of certain liabilities, to a long term equity investor.
A private equity investor is currently the leading bidder in the auction. The firm has stated its intention to operate the business with the current management team and employees.
The final purchase price is subject to other offers that might arise at the formal auction on February 6.
The sale will bring Photocircuits nearer to the completion of its reorganization under Chapter 11 of the U. S. Bankruptcy Code.
A private equity investor is currently the leading bidder in the auction. The firm has stated its intention to operate the business with the current management team and employees.
The final purchase price is subject to other offers that might arise at the formal auction on February 6.
The sale will bring Photocircuits nearer to the completion of its reorganization under Chapter 11 of the U. S. Bankruptcy Code.
NEW YORK -- End-markets
for electronics products continue to grow at a modest pace, boosting semiconductor sales, a leading market watcher said today.
"We believe that end-markets grew at a modest pace in Q4. Handsets, mobile PCs, and consumer electronics were strong, but our checks in Taiwan did uncover a modest inventory build in PC components," Jack Romaine, an analyst with SG Cowan, wrote in a note issued today.
"We believe that end-markets grew at a modest pace in Q4. Handsets, mobile PCs, and consumer electronics were strong, but our checks in Taiwan did uncover a modest inventory build in PC components," Jack Romaine, an analyst with SG Cowan, wrote in a note issued today.
HELSINKI -- Aspocomp Group, the second largest PCB company in Europe, plans build a printed circuit board plant in Chennai, India, the company said today.
Aspocomp will invest 60 million euros in the the plant, India's first HDI production facility, Aspocomp said.
Aspocomp will invest 60 million euros in the the plant, India's first HDI production facility, Aspocomp said.
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