News
MINNEAPOLIS -- EMS provider Nortech Systems has signed an agreement to purchase Telex Communications' 140,000-sq. ft. manufacturing facility in Blue Earth, MN, in a move to bolster its aerospace systems business.
The sale is scheduled to close on June 30; terms were not announced.
The sale is scheduled to close on June 30; terms were not announced.
SAN FRANCISCO -- A December poll of the nation's CIOs revealed IT
budgets will grow 8% over the next 12 months, up from 6% in November.
Spending projections were up in most categories month over month with modest declines in security software and telecom equipment, said Chris Whitmore, an analyst at Deutsche Bank, which cosponsors the monthly poll.
Spending projections were up in most categories month over month with modest declines in security software and telecom equipment, said Chris Whitmore, an analyst at Deutsche Bank, which cosponsors the monthly poll.
SINGAPORE -- Singapore's manufacturing output rose 22.4% in November year-over-year, the nation's Economic Development Board said last week. Electronics grew 19.9% year-on-year, driven by demand for semiconductors,
computer peripherals and data storage.
The three-month moving average growth was 20.6% for total manufacturing, the EDB reported. The seasonally adjusted month-on-month manufacturing output growth was up 1.5%.
Through November, total manufacturing output rose 9.9% over last year. Electronics was up 7.5% over that period.
Semiconductor production spiked 42% in November, computer peripherals were up 24.4% and storage was up 10.4%.
Telecom and consumer electronics fell 4.2% as lower demand for mobile products offset increased production of PCs and consumer items.
The three-month moving average growth was 20.6% for total manufacturing, the EDB reported. The seasonally adjusted month-on-month manufacturing output growth was up 1.5%.
Through November, total manufacturing output rose 9.9% over last year. Electronics was up 7.5% over that period.
Semiconductor production spiked 42% in November, computer peripherals were up 24.4% and storage was up 10.4%.
Telecom and consumer electronics fell 4.2% as lower demand for mobile products offset increased production of PCs and consumer items.
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