TAIPEI – Foxconn reported second quarter revenue was NT$1.35 trillion (US$48.6 billion), up 20% year-over-year. Profit was NT$29.8 billion, up 29.7%.

NEWARK, NY -- IEC Electronics Corp. and Creation Technologies have signed a definitive merger agreement under which Creation will acquire all outstanding shares of IEC for $15.35 per share in cash, making the deal worth approximately $174 million.

NEWARK, NY -- IEC Electronics today reported revenues of $49.4 million for its fiscal third quarter ended Jul. 2, up 4.2% versus a year ago.

NEVADA CITY, CA – After China saw its economy shrink nearly 7% in the first quarter of 2020 – the first contraction of China’s economy since records began in 1992 – the centrally controlled economy almost immediately began to rebound, says New Venture Research, and the country ended the year by growing its real GDP 2.3%, the highest among the G20. China’s electronics assembly value reached a new high of nearly $346.3 billion in 2020, nearly half of the entire Asia/Pacific market, says the research firm.