JASPER, IN – Kimball Electronics reported fiscal fourth quarter net sales of $318.6 million, an increase of 15.1% year-over-year. Net income for the period ended Jun. 30 was $7.5 million, up 30.1% year-over-year. Operating income was $10.3 million, down 8.4%.
WASHINGTON – Citing the vital need for a secure US industrial base, US Senators Mike Crapo (R-ID) and Mark Warner (D-VA) have introduced bipartisan legislation to guard against attempts by the People’s Republic of China and others to undermine US national security by exploiting and penetrating US supply chains.
MILPITAS, CA – North America-based manufacturers of semiconductor equipment posted $2.01 billion in billings worldwide in June, down 19% year-over-year and 2.5% sequentially, according to SEMI.
CAMBRIDGE, UK – The market for wearables in 2019 will reach $50 billion, more than double since 2014, says IDTechEx.
SAN JOSE – Flex will take up to $265 million in charges over the next three quarters in part related to layoffs of an unspecified number of workers.