Boston - Teradyne today dispelled a report that it plans to close its backplane manufacturing operations.
In a statement to Circuits Assembly, Tom
Pursch, vice president of Teradyne Connection Systems and manager of its
printed circuit board business, said: "Teradyne is committed to our
printed circuit board business. Credit Suisse First Boston's reporting of a
'hint of a possibility' that we may exit this business is just plain wrong. Our
strategy to lower our costs, reduce idle capacity and focus on the high-end
domestic market is working."
On Thursday, Forbes reported a leading investment bank suggested the maker of semiconductor and assembly test gear and PCBs might be looking to exit the PCB business.
El Segundo, CA - Worldwide contract manufacturing revenues will reach nearly $300 billion by 2008, says a research firm.
Sales of EMS and ODM services are on track to hit $298.4 billion, a compound annual growth rate of 13.7% through 2008, iSuppli Corp. said yesterday.
Last year, sales of EMS and ODM firms were $190 billion, up 20.1% year-on-year. The surge was a marked improvement over 2003, in which revenues climbed 5.4%.