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SCOTTSDALE, AZ – Aggregate sales of the 20 largest semiconductor companies rose 21% sequentially, says IC Insights, on strong inventory replenishment.
That’s up 37 points from the first-quarter sequential results.
The research firm said inventory cutbacks reversed their trend of the previous two quarters, and seasonal demand for electronics will drive third-quarter semiconductor sales up at least another 8%.
The firm reiterated its forecast of a 17% decline for 2009.
NEWARK, NY -- The comeback at IEC Electronics continued in its third quarter as the EMS company reported net earnings rose 4% on a 45% jump in revenues.
SAN JOSE -- Flextronics' chief executive clarified earlier reports pegging the EMS company's target revenue from notebook PCs at $3.5 billion by fiscal 2011.
NEENAH, WI – Plexus Corp. today announced fiscal third-quarter revenue of $379 million, down nearly 17% year-over-year.
SAN JOSE – Flextronics today reported a fiscal first-quarter loss of $154 million on a 31% year-over-year revenue drop to $5.78 billion.
The results pale against last year, when the company reported $8.35 billion in revenue and $110 million in profits.
BANNOCKBURN, IL – North American PWB shipments in June decreased 29% year-over-year, and orders fell 15.1%, says IPC.
Year to date, combined shipments were down 27.3% and orders were down 28%. Sequentially, combined shipments for the month rose 18.9%, while orders increased 28%, according to the association.
The June book-to-bill ratio climbed to 1.11.
June rigid PWB shipments declined 30.8%, while orders dropped 16.6% compared to 2008. Year to date, rigid shipments were down 29.3% and orders fell 29.6%. Sequentially, rigid shipments grew 18.6% and orders increased 27.9%.
The rigid book-to-bill ratio continued climbing to 1.12.
Flex shipments dropped 3.1% in June, but orders were up 4% year-over-year. Year to date, flex shipments were up 1.5% and orders were down 5%. Sequentially, flex shipments went up 21.3% and orders increased 28.7%.
The flex book-to-bill ratio in June reached 1.02.
A ratio of more than 1.0 suggests current demand is ahead of supply, which is a positive indicator for sales growth over the next two to three months.
Rigid PWBs represent an estimated 91% of the current industry in North America, says IPC. In June, 88% of total shipments were domestically produced, meaning 12% were built offshore and sold in North America. Domestic production accounted for 88% of rigid and 83% of flex circuit shipments.
ANGLETON, TX -- Benchmark Electronics reported June quarter sales of $482 million, down 29.3% from last year on lower demand for computing products.
NORTH BILLERICA, MA – BTU International Inc. reported second-quarter net sales of $10.8 million, down 47% compared to the same quarter a year ago, and up 10% sequentially.
SAN JOSE -- Flextronics has reportedly agreed to the sale of Nortel's wireless technology assets to Ericsson, paving the way for the deal to be finalized.
ELKHART, IN – CTS Corp. today reported second-quarter revenues of $120.4 million, down 35.4% year-over-year, and up 2% sequentially.
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