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STAMFORD, CT – Gartner Inc. lowered its capital equipment spending forecasts for 2007 and 2008. Overall capital spending is projected to hit $55.2 billion in 2007, down 1.5% year-over-year. In 2008, capital spending is projected to grow 10.7% to $61.1 billion, said the research firm.
Worldwide semiconductor capital equipment spending is forecast to total $40.6 billion in 2007, a 3.2% decline from 2006. The market is expected to rebound in 2008, with spending expected to reach $46.7 billion, a 14.9% increase, said Gartner. This is below its previous forecast at the end of 2006.
After growing more than 18% in 2006, packaging and assembly equipment market revenue is projected to decline 12.2% in 2007, but will grow 20.2% in 2008. ATE sales will slow in 2007, with an expected decline of 11.2% for the year, the firm said.
TAIPEI — Foxconn has purchased 142 placement machines from Sony Taiwan, according to a company filing on the Taiwan Stock Exchange.
The capital investment, worth a total of US$16.58 million, was negotiated between Nov. 16, 2006 and Apr. 19, 2007, the filing said.
The capital investment, worth a total of US$16.58 million, was negotiated between Nov. 16, 2006 and Apr. 19, 2007, the filing said.
BOSTON – Transit times from Asia are leveling as the region is reporting typical, slow market conditions characterized by adequate space to meet demand and stable rates, says Trans Global Logistics in a recent update. Airfreight demand in May will pick up, the logistics provider said.
Southeast Asia experienced strong demand for airlift late last month; transit times were longer because of congestion at regional air hubs. A number of carriers have imposed fuel surcharge increases, and TGL expect more increases this month.
While May demand will rise, adequate capacity should keep transit times and rates in line. The weeklong Labor Day Golden Week holiday starts May 1. Factories close for the week and, as a result, the company expects a surge of air shipments before the holiday.
Southeast Asia experienced strong demand for airlift late last month; transit times were longer because of congestion at regional air hubs. A number of carriers have imposed fuel surcharge increases, and TGL expect more increases this month.
While May demand will rise, adequate capacity should keep transit times and rates in line. The weeklong Labor Day Golden Week holiday starts May 1. Factories close for the week and, as a result, the company expects a surge of air shipments before the holiday.
RESEARCH TRIANGLE PARK, NC – Top-five PC maker Lenovo will lay off 650 workers and move 750 jobs closer to the company’s suppliers and manufacturing operations. The company will take a pretax restructuring charge of $50 million to $60 million, most in the current quarter.
The move will save the former IBM PC unit about $100 million in the current fiscal year. The 1,400 positions represent about 5% of its global workforce, and Lenovo expects to complete most of the changes in the next 12 months.
The move will save the former IBM PC unit about $100 million in the current fiscal year. The 1,400 positions represent about 5% of its global workforce, and Lenovo expects to complete most of the changes in the next 12 months.
SALT LAKE CITY – CirTran Corp., an EMS builder of consumer electronics products, today guided for a 114% hike in first quarter sales.
The company anticipates sales of approximately $3.7 million for the first quarter, an increase of approximately $2 million over last year.
The company anticipates sales of approximately $3.7 million for the first quarter, an increase of approximately $2 million over last year.
Press Releases
- Kurtz Ersa Partners with E-tronix for Sales in Illinois and Wisconsin
- XLR8 EMS Welcomes Raul Jorge Lopez Jr. as Director of Program Management and Procurement
- Koh Young America Promotes Ramiro Mora to Lead Service and Applications in Mexico and South America
- ViTrox Americas Welcomes Huy Pham as Technical Support Engineer