SINGAPORE – EMS provider Flextronics announced Thomas J. Smach is resigning as chief financial officer to pursue other interests outside the company, effective June 30.
Paul Read, who most recently served as executive vice president of finance for worldwide operations at the firm, will be CFO upon Smach's departure.
CHENGDU, CHINA -- Major electronics manufacturers escaped damage from the massive earthquake that rocked central China earlier this week. Among the major companies issuing statements, it appears the worst of the damage amounted to a few fallen ceiling tiles.
TOKYO – Japan produced 1.67 million yen worth of electronics in February, up 0.5% over last year, the Japan Electronics Industries Technologies Association reported. March exports were down 13.3% to 1.18 million yen, and are down 9% for the year. Components were down 14.6%, while consumer electronics were up 2%. Components make up more than 70% of the value of Japan’s electronics exports.
Japan imported 702,714 million yen worth of electronics products in February, the latest month for which data are available, down 5.3% from 2007. Consumer electronics imports were up 107%, but industrial electronics, computers and components were down 9.4%, 8.5% and 10%, respectively.
For the year, Japan has imported 1.49 million yen worth of electronics, down 2.6%. Overall production is up 1.1%.
JEITA is one of Japan’s largest electronic associations, with 525 member companies.
MANASSAS, VA – Zestron America named Neil Murphy Northeast sales manager, responsible for products and services.
Murphy has a bachelor’s from the University of Massachusetts, and 28 years of sales and technical experience in the electronics and semiconductor manufacturing industry.
FRAMINGHAM, MA – The stagnant economy will drive overall IT spending growth down to 4% in the US this year, compared to last year's growth of 6%, IDC says.