ANDHRA PRADESH, INDIA – Foxconn has received approval to reopen its phone manufacturing plant here, according to reports.
Milpitas, CA — Worldwide silicon wafer area shipments rose 2.7% to 2.92 billion sq. in. in the first quarter, compared with fourth-quarter shipments of 2.84 billion sq. in., but dropped 4.3% year-over-year, the SEMI Silicon Manufacturers Group (SMG) reported today.
REDMOND, WA – Data I/O Corp. reported first quarter net sales of $4.8 million, down 21.3% year-over-year. The year-over-year decline in sales reflects the cyclical downtrend in the industry, reduced demand resulting from international trade and geopolitical issues, and the onset of the Covid-19 pandemic, which negatively impacted automotive and industrial market production.
SANTA ANA, CA – Ducommun reported first quarter Electronic Systems net revenue of $98.1 million, up 16.5% year-over-year.
SCOTTSDALE, AZ – Before the global pandemic took hold in the first quarter, IC Insights was forecasting a 14% increase in the total memory market in 2020. The total memory market in 2020 is now expected to be flat with 2019.
FORT LAUDERDALE, FL – Element Solutions reported electronics net sales increased 1% to $269 million. Organic net sales decreased 2%.
CHICAGO -- Contract electronics manufacturing facilities in China are back to operating at 90% or more of planned capacity, but remain challenged by new approaches to coordinating personnel amid social distancing requirements.
MORRISVILLE, PA – Mitsubishi Chemical America has entered into a definitive agreement to acquire all issued and outstanding shares of Gelest Intermediate Holdings. Completion of the transaction is expected in 2020, pending customary regulatory review and approval.