ST. PETERSBURG, FL – Jabil announced $6.8 billion in revenue for the second quarter of its fiscal year, a year-over-year decline of 16.8%.

TAOYUAN CITY, TAIWAN – Taiwan Surface Mounting Technology reported revenue of NT46.5 billion ($1.47 billion) for 2023, down 32% from the previous year.

WATERLOO, ON – Apple has acquired artificial intelligence startup DarwinAI as it looks to add technology for a push into generative AI, Bloomberg reported.

TAIPEI – Foxconn saw a 33% year-over-year jump in net profit in the fourth quarter, and said it is optimistic for 2024's prospects due to the increasing demand for AI servers.

HAUPPAUGE, NY – Orbit International announced February bookings in excess of $2 million for its Electronics group, and said deliveries for February orders have already commenced and are expected to continue through the first quarter of 2026.