News
TAIWAN – In an attempt at a major turnaround for BenQ Corp., the Taiwanese ODM's board of directors approved a plan to spin off its branded business and morph to a fabless model.
BenQ will be renamed Jia Da Corp., while the spinoff will take the name BenQ. The new company will be a fully owned subsidiary of Jia Da Corp.The plan is subject to approval by shareholders on June 15; the company's board has set the spinoff for Sept. 1.
SANTA CLARA, CA – Sun Microsystems Inc. has reported third-quarter net income of $67 million, compared with a loss in the third quarter last year of $217 million.
The Santa Clara-based company reported weaker-than-expected revenue of about $3.3 billion, up slightly from about $3.2 billion year-over-year. Total gross margin as a percent of revenues was 44.5%, an increase of 1.5%, compared with the third quarter of 2006.
The Santa Clara-based company reported weaker-than-expected revenue of about $3.3 billion, up slightly from about $3.2 billion year-over-year. Total gross margin as a percent of revenues was 44.5%, an increase of 1.5%, compared with the third quarter of 2006.
Deutsche Bank Equity Research says Sun may get a lift from its recent advanced product line release, but expects x86 growth to slow further as customers wait for Sun's Intel-based x86 refresh later this summer. VMware-driven consolidation continues to pressure x86 demand, says the firm.
Deutsche Bank suggests more restructuring will be required for Sun to hit long-term margin targets. They believe it will prove difficult for Sun to grow into its existing cost structure because of the highly competitive nature of the server market.
JUAREZ -- Elcoteq will shutter its manufacturing facility here and move production to the company's plants in Monterrey and China by year-end. The EMS company will take a one-time charge of 9 million euros.
All ongoing programs in Juarez will be finished as planned, the company said.
SINGAPORE – Flextronics reported fourth quarter net sales of $4.7 billion, a 32% increase year-over-year. Net income for the same quarter was $121 million, an increase of 181% over $43 million in the fourth quarter.
For fiscal 2007, sales were $18.9 billion, a $3.6 billion increase over fiscal 2006 – a record high. Net income improved to $509 million, compared to $141 million in 2006.
In December, the contract manufacturer acquired Roseville-based International DisplayWorks Inc.
LYON, FRANCE – A recent market study from Yole Developpement reveals that the global microelectromechanical systems industry reached almost $6 billion in 2006, and is growing at a CAGR of 14%. The trend toward more MEMS use in consumer applications and higher volumes in the automotive industry are driving the move from 6" to 8" wafers, the company says.
The report states most new companies are fabless or "fab-lite," contracting out to existing MEMS- or IC-manufacturing infrastructures.
Texas Instruments ranked first in the top 10 MEMS producers in sales, followed by Hewlett-Packard, Robert Bosch, Lexmark, Seiko Epson, STMicroelectronics, Canon, Freescale, Analog Devices and Denos, according to the research firm.
TAIPEI – Foxconn Electronics (Hon Hai Precision Industry) reported another stellar first quarter, with net earnings of $15.6 billion, up 48.9% year-over-year.
Press Releases
- Johan Stormlund Joins Inspectis AB as Marketing and Sales Manager, Industrial Applications
- Altus Brings Heller’s Revolutionary Short-Cycle Vacuum Reflow Oven to the UK and Ireland
- High Density Packaging User Group Announces European Space Agency Membership
- High-Density Packaging User Group Announces ASKPCB Membership