TAIPEI – Foxconn’s first quarter revenue fell 12% from last year to NT$929.1 billion. Profits plunged 89% year-over-year because of supply chain disruptions in China due to Covid-19, according to reports. Net earnings were NT$2.1 billion ($70.2 million).
BROOKLYN – Cemtrex reported fiscal second quarter Advanced Technologies segment revenue decreased 11% to $6.2 million year-over-year. The decrease is attributed to the impact of the Covid-19 crisis.
WINDSOR, UK – Note has taken steps to reopen its plant here, which has been closed since the end of March and accounts for 10% of the firm’s sales.
WAYZATA, MN – Nortech Systems reported first quarter net sales of $27.4 million, a decrease of 3% year-over-year.
BANNOCKBURN, IL – Electronics manufacturing directly supports more than 1.3 million US jobs, according to a new IPC report. For every US EMS job, three other jobs are supported in the US economy, contributing to a total of 5.3 million American jobs. Also, the industry indirectly and directly contributes $714 billion (3.7%) to US GDP.
WATERBURY, CT – Three suppliers in electronics assembly materials received notice the US Patent and Trademark Office has issued a patent for their solder alloy formulation. The patent was granted an extended expiration to June 11, 2029.
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