News
MALVERN, PA – Vishay Intertechnology has acquired a specialty capacitor (wet tantalum) product line from Kemet Corp. for $35.2 million and other consideration in the form of a three-year term loan of $15 million.
Sales of these products during Kemet’s fiscal-year ended March 31 were approximately $16 million, of which approximately $7 million represent former Arcotronics products (acquired last year by Kemet ) sold mostly outside of the US.
Worldwide sales during the quarter ended June 30, 2008 were $4.4 million.
Closing is scheduled to occur by the end of business today.
LAKE FOREST, CA – Probe Manufacturing’s board has cut ties with chief executive Reza Zarif and named Barrett Evans interim CEO.
Zarif, who was on a month-to-month employment agreement, remains on the company’s board.
The company reported 2007 revenues fell 26% to $6.9 million, although the net profit was up 148% to $374,896.
Evans will receive a base salary of $175,000.
Zarif, who was on a month-to-month employment agreement, remains on the company’s board.
The company reported 2007 revenues fell 26% to $6.9 million, although the net profit was up 148% to $374,896.
Evans will receive a base salary of $175,000.
ST. PETERSBURG, FL – After a minor battle broke out over its secret deals with the local city council, Jabil Circuit appears to be in line for a host of incentives to remain here. The EMS company will keep its headquarters here and expand into a proposed facility, according to reports in local papers today.
WASHINGTON, DC – Two top electronics trade groups are talking merger in what would become the nation's largest tech trade group, boasting more than 2,600 member companies and annual revenues of more than $26 million.
The AeA (formerly the American Electronics Association) and the Information Technology Association of America announced discussions to merge the trade associations' memberships and programs.
The AeA (formerly the American Electronics Association) and the Information Technology Association of America announced discussions to merge the trade associations' memberships and programs.
CERRITOS, CA – Corelis Inc., a supplier of boundary-scan and JTAG functional emulation test tools, today announced a 30% expansion of its facility.
The larger plant will house Corelis’ expanded quality program, DfT support group and a section specifically organized to participate in industry standards.
"The push behind our expansion is an increase in customer demand, as well as the need to expand our research and development departments,” said George La Fever, president and CEO of Corelis. "With the new space, we will be able to serve the needs of our current clients, plus have additional capacity available to support prospective clients. Furthermore, we will have the room to expand our headquarters training facility."
The larger plant will house Corelis’ expanded quality program, DfT support group and a section specifically organized to participate in industry standards.
"The push behind our expansion is an increase in customer demand, as well as the need to expand our research and development departments,” said George La Fever, president and CEO of Corelis. "With the new space, we will be able to serve the needs of our current clients, plus have additional capacity available to support prospective clients. Furthermore, we will have the room to expand our headquarters training facility."
SAN FRANCISCO – Most EMS companies are seeing normal to tepid demand, and the economy remains the top concern, a leading industry analyst said this week.
Press Releases
- SEMI Applauds Statement from Senators Crapo and Wyden Supporting U.S. Tax Credit for Semiconductor Manufacturing
- ECIA’s July Industry Pulse Sentiment Index Suffers Summer Slide and Dips 12.5 Points from June High
- Datest to Host Siemens EDA Webinar on Data-Driven PCB Test Planning for Increasingly Complex Electronics Designs
- StenTech Expands North American Manufacturing Capacity Through Strategic Investment