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EGHAM, UK – Global smartphone sales to end-users declined 2.7% in the first quarter, totaling 373 million units, according to Gartner. Despite its absence from the US, Huawei maintained its ranking as the No. 2 smartphone vendor worldwide and continued to reduce the gap with Samsung.

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BANNOCKBURN, IL – North American printed circuit board orders in April increased 9.4% year-over-year, says IPC, bringing year-to-date order growth up to 4%. Orders were down 14% sequentially.

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TAIPEI – Pegatron has signed a letter of intent to invest $695 million to $1 billion in an Indonesian factory to assemble iPhone chips, according to reports.

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LONG ISLAND CITY, NY – Effective June 13, Cemtrex will effect a six-for-one reverse stock split of its outstanding common stock.

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MILPITAS, CA — North America-based manufacturers of semiconductor equipment posted a 90-day average billings of $1.9 billion worldwide in April. The mark was down 29% year-over-year and up 4.7% sequentially, according to SEMI.

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WARMINSTER, PA — Logue Family Holdings has acquired IMET Electronics Corp. for an undisclosed sum.

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