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FORT COLLINS, CO – EMS firm RPM Electronics will shutdown by the end of February, putting 70 employees out of work, according to published reports.
The firm, founded in 2001 as RPM Technology, had recently lost business from two big customers – Advanced Energy Industries and Plasmon – which made up about half of RPM's sales.
Since March, RPM has been owned by RAD Electronics.
TOKYO – Panasonic Corp. shareholders have agreed to offer $9 billion for Sanyo, a deal that could make way for one of the world’s largest electronics firms. Investment bank Goldman Sachs, a major Panasonic shareholder, has agreed the to plan, according to reports. Sanyo would become a Panasonic subsidiary under the deal, which is expected to be completed by February.
Panasonic, which until recently operated under the name Matsushita, is the world’s fourth largest maker of electronics and electrical equipment, while Sanyo ranks 15th. The combined company would have combined revenues of about $113 billion, ranking second, behind Siemens.
Panasonic, which until recently operated under the name Matsushita, is the world’s fourth largest maker of electronics and electrical equipment, while Sanyo ranks 15th. The combined company would have combined revenues of about $113 billion, ranking second, behind Siemens.
Sanyo’s profits dropped about 67% to $49 million in the September quarter. Panasonic's profit for the quarter fell 16% to $624 million.
STOCKHOLM – EMS provider NOTE has acquired all shares in Oslo-based
electronics manufacturer Norteam Electronics AS, the company said. Financial details were not disclosed.
MEMPHIS -- Flextronics last night informed a local development board of its plans to invest $2 million in new and expanded electronics repair operations here.
The EMS company told the Memphis and Shelby County Industrial Development Board of plans to open a new facility a few blocks from its current site, on Holmes Rd. Furthermore, Flextronics will expand its existing site, the Memphis Business Journal reported.
Flextronics has earmarked $2 million for the projects, and add a reported 151 new jobs.
The EMS company told the Memphis and Shelby County Industrial Development Board of plans to open a new facility a few blocks from its current site, on Holmes Rd. Furthermore, Flextronics will expand its existing site, the Memphis Business Journal reported.
Flextronics has earmarked $2 million for the projects, and add a reported 151 new jobs.
MOUNTAIN VIEW, CA – A just-released survey of some 85 senior-level executives at semiconductor companies finds a majority sees R&D and capital expenditures decreasing significantly next year.
As economic conditions and consumer spending continue to deteriorate, semiconductor executives are turning more pessimistic, and anticipate a steep decline in profitability during the next 12 to 18 months, says the consulting group that conducted the survey.
SAN JOSE – The MicroElectronics Packaging and Test Engineering Council in February will sponsor a symposium on semiconductor packaging’s effect on consumer electronics.
The technical event will address packages for consumer products, with session topics including time-to-market and consumer semiconductor packaging; cost-of-ownership challenges for consumer products; solutions for consumer product miniaturization, and advancing technologies for consumer electronics.
It takes place Feb. 19 in San Jose. For more information, visit www.meptec.org.
The technical event will address packages for consumer products, with session topics including time-to-market and consumer semiconductor packaging; cost-of-ownership challenges for consumer products; solutions for consumer product miniaturization, and advancing technologies for consumer electronics.
It takes place Feb. 19 in San Jose. For more information, visit www.meptec.org.
ST. PETERSBURG – The economy could sink not just Jabil's near-term growth, but also more than $30 million in tax rebates and other incentives tied to the EMS company’s new headquarters here.
Under a controversial deal agreed on earlier this year, Jabil must begin construction on a new, $50-million headquarters within a year and add about 860 jobs by 2012, according to reports. The company must also keep local employment above 1,800; it currently employs 1,872.
Under a controversial deal agreed on earlier this year, Jabil must begin construction on a new, $50-million headquarters within a year and add about 860 jobs by 2012, according to reports. The company must also keep local employment above 1,800; it currently employs 1,872.
MANASSAS, VA – Zestron has expanded its team with the addition of Alexander Koegel as junior product manager.
Koegel primarily will be responsible for products related to surface cleanliness and bath analysis, and will support activities related to the German press and the company’s services.
Started in 1975, Zestron has global technical centers in the US, Europe and Asia.
Koegel primarily will be responsible for products related to surface cleanliness and bath analysis, and will support activities related to the German press and the company’s services.
Started in 1975, Zestron has global technical centers in the US, Europe and Asia.
EL SEGUNDO, CA – The deck appears stacked against the global semiconductor industry, with six separate market forces conspiring to cause revenue to decline by nearly a double-digit margin in 2009, says iSuppli Corp.
The research group became the latest to lower its 2009 worldwide semiconductor industry revenue forecast, estimating a 9.4% drop year-over-year to $241.5 billion. iSuppli previously predicted 6.8% growth.
The research group became the latest to lower its 2009 worldwide semiconductor industry revenue forecast, estimating a 9.4% drop year-over-year to $241.5 billion. iSuppli previously predicted 6.8% growth.
SAN DIEGO – KIC, a provider of thermal process and control products, will move into a larger facility in San Diego next month.
KIC has been expanding its product range of thermal process tools. The company also recently entered the solar cell manufacturing industry.
“Our new facility is larger and provides a layout that is more suitable for our needs in production as well as R&D,” says David Nason, operations manager at KIC.
KIC’s headquarters will house the majority of the company’s production and R&D, as well as administrative services. To be central to its customer base, however, KIC also has built up R&D, sales and customer support centers during the past several years in Europe, China (three separate facilities) and Singapore, in addition to its R&D facility in Oregon.
KIC has been expanding its product range of thermal process tools. The company also recently entered the solar cell manufacturing industry.
“Our new facility is larger and provides a layout that is more suitable for our needs in production as well as R&D,” says David Nason, operations manager at KIC.
KIC’s headquarters will house the majority of the company’s production and R&D, as well as administrative services. To be central to its customer base, however, KIC also has built up R&D, sales and customer support centers during the past several years in Europe, China (three separate facilities) and Singapore, in addition to its R&D facility in Oregon.
VANCOUVER – Northstar, a supplier of EMS services and certain ODM parts, said today it expects add-on orders for the Lockheed Martin P-3 aircraft re-wing upgrade in 2009. Orders for sonar equipment are expected to start during the year and should be ongoing thereafter, the company added, while the first orders for fiber optic cables for the F-35 Joint Strike Fighter airplane are expected in '09. Orders for submarine consoles are expected to increase substantially over those in 2008.
Northstar management also expects an increase in sales of the Netmind commercial system, as marketing efforts expand in new areas.
Based on current backlogs and forecasts, the company guided for revenues of $8 million to $11 million in 2009 with a potential profit of $1 million to $1.5 million.
In a statement, Northstar CEO Dr. Wilson Russell said, "The defense sector is the best one to prosper in these tough economic times, with prime contractors such as Lockheed Martin having large, long-term contracts in place. Having laid a solid foundation in defense contracting, we believe 2009 will be our year to 'break out.'"
EAST PROVIDENCE, RI – For a change, the politician wasn’t the butt of the joke, just the teller.
At EFD Inc.’s open house last Friday, Rhode Island Governor Don Carcieri took to the podium and noted how years ago, as head of Cookson, he tried to buy his smaller competitor. When it comes to solder paste, Carieri beamed, EFD is “clearly the best in the world.”
At EFD Inc.’s open house last Friday, Rhode Island Governor Don Carcieri took to the podium and noted how years ago, as head of Cookson, he tried to buy his smaller competitor. When it comes to solder paste, Carieri beamed, EFD is “clearly the best in the world.”
