caLogo

Latest News

VINH PHUC, VIETNAM Foxconn International Holdings’ on-again, off-again cellphone plant in Vietnam is on again, according to local media reports.

Read more ...

CANBY, OR – EMS firm Screaming Circuits has added the capability to quote and order PCBs on its website.

Design engineers are able to combine the online fabrication and assembly quote and order process.

The website permits quoting and ordering of just assembly or assembly with PCB fabrication.

The firm is working in partnership with Sunstone Circuits and the Circuit Design ECOsystem.

TAIPEIHon Hai (Foxconn) reported January revenue of $4.2 billion, up 47.6% year-over-year on higher demand for consumer electronics, cellphones and PCs.

Read more ...
SHENZHEN – Nam Tai Electronics today announced unaudited fourth-quarter sales fell 44.5% year-over-year to $93.7 million. Read more ...
SAN JOSE – Rich Freiberger, the well-liked industry veteran who helped head a pair of electronics manufacturing services firms, died Sunday night. Read more ...

SEOULKoh Young Technologies this month will relocate its Seoul headquarters to a larger building.

The new facility has twice the available space as the firm’s original headquarters, said president and CEO Dr. Kwangill Koh.

The firm will occupy two floors, one devoted to development/sales/support, and one to manufacturing.

Koh Young provides solder paste inspection and automated optical inspection systems.

CHICAGO – The number of mergers and acquisitions in the electronics manufacturing services sector fell by half in 2009, according to a leading investment bank.
Read more ...
JASPER, IN – Kimball International today reported second-quarter fiscal 2010 net sales of $275.2 million and net income of $1.9 million. Read more ...
EL SEGUNDO, CA – Worldwide revenue generated by EMS providers and ODMs is set to rise to $280.8 billion in 2010, up 7.8% year-over-year, says iSuppli Corp.

This follows a 13.4% decline in 2009 that was spurred by the global economic recession and the resulting electronics downturn.

Global ODM revenue is set to rise 10.8% in 2010, while the EMS market will expand 5.2%.

However, the market still faces major uncertainties this year, according to the research firm.

“Things are definitely looking up for the EMS/ODM market,” said Adam Pick, principal analyst for EMS and ODM at iSuppli. “However, we’re holding our breath until the second half of 2010, given certain industrial and macroeconomic issues that could inhibit the outsourcing cycle.”

On the positive side, orders for the leading EMS and ODM providers are recovering. Senior managers at contract manufacturers are indicating the typical seasonal downturn in the first quarter will be mitigated by stronger-than-normal demand signals from their OEM customers.

“Fourth-quarter earnings results from major EMS firms Jabil, Sanmina and Plexus came with some bullish guidance for the first quarter,” Pick said. “Plus, last quarter, most companies posted improved earnings, enhanced operations and elevated ROIC performance.”

Despite these gains, Pick doesn’t foresee the kind of sharp rebound for the entire contract manufacturing business that some experts are predicting.

“Some analysts believe the global contract manufacturing business is due for a V-shaped recovery, similar to that of the 2003 to 2005 time frame, when the industry enjoyed a surge in outsourcing.

“However, conditions are different in 2010, with the contract manufacturing market experiencing a dichotomy of growth. ODMs are set for a growth rebound due to their penetration of booming markets like mobile PCs and LCD-TVs. In contrast, with their focus on traditional segments like networking and telecom, some EMS companies are likely to experience slower growth.”

Pick believes some individual contract electronics manufacturers could face ongoing constraints in particular component supplies, including display panels, optical disc drives and chipsets. The recent shortages have inhibited full-throttle assembly activity among contract manufacturers for the past six months.

At the industrial level, component supply management continues to be a sore spot for OEM procurement teams. iSuppli’s primary research suggests OEMs are continuing their efforts to tighten control of the Bill of Materials to minimize purchase-price variance.

At the economic level, Pick expressed concern about high unemployment, waning stimulus efforts and more than a trillion dollars in lingering residential and commercial mortgage resets. These factors could slow or reverse the latest uptick in personal and corporate spending on electronics products made by EMS and ODM providers.

BILLINGSTAD, NORWAYKitron, a top 40 global EMS company, reported fourth-quarter revenue of NOK 423.9 million, down 35.3% from the same period last year.

The net profit was NOK 12.9 million, down from 63.5 million a year ago. The current results include a loss from discontinued operations of NOK 2.89 million.

The pretax profit was NOK 12.8 million, down from NOK 59 million. Cash flow from operations was NOK 62.3 million, roughly flat with last year’s NOK 66.5 million. Orders fell 17% to NOK 454.7 million and backlogs dropped 18.1% to NOK 795.8 million.

Defense sales were down 44.1%, data/telecom was down 38.5%, medical equipment was off 15.3% and industrial decreased 40.3%.

“While the activity level in fourth quarter [was] lower, we see a stable trend toward improved market conditions quarter by quarter,” Kitron said. “The slow but steady improvement in the order backlog continued in Q4 and is another sign of the improved market conditions.”

Kitron said it would set up a second operation in China to expand market coverage. The new unit will start manufacturing in the second half of 2010. It also will divest its development department and enter a strategic alliance with a dedicated development company.

TORONTO -- Celestica has invested $2.8 million recently in its healthcare division, adding capabilities and staff.

Read more ...

ANGLETON, TX -- Benchmark Electronics today reported sales of $600 million for the quarter ended Dec. 31, up 3.1% from 2008 and 18% sequentially.

Read more ...

Page 750 of 933

Don't have an account yet? Register Now!

Sign in to your account