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CALGARY, AB – Kaynes Technology India Limited has announced the acquisition of Canada-based August Electronics through its subsidiary, Kaynes Canada Limited. The transaction is expected to close by the end of May, pending regulatory approvals.

AUSTIN, TX – Flex reported a quarterly revenue of $6.4 billion, up 1.6% year-over-year.

THAILAND – SVI Public Company Limited reported a net profit of $3.9 million for the first quarter. The company faced a 17.2% year-over-year revenue decline, mainly due to economic uncertainty.

MANASSAS, VA – Zestron has introduced its Reliability and Solutions (R&S) service for printed circuit assembly failure analysis. The service covers design to high-volume production.

TAIWAN – Foxconn reported record consolidated revenue of $21.3 billion for April, up 16.1% from March and 25.5% year-over-year. The growth was driven by strong shipments of AI cloud products, particularly components tied to Nvidia’s GB200 platform, including GPU modules and full system assemblies.

WASHINGTON – Semiconductor sales of $167.7 billion in the first quarter, up 18.8% from the same time the previous year, but down 2.8% from the previous quarter, the Semiconductor Industry Association (SIA) reported.

ATLANTA -- Calling the tariffs levied by the US and China "crippling," the Electronic Components Industry Association said sales sentiment plummeted in April.

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