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BAC GIANG, VIETNAM – A government committee near Hanoi ordered three Foxconn production facilities to close until further notice due to a Covid-19 outbreak, according to reports.

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VANCOUVER, WA – Silicon Forest Electronics is merging with ESAM and Bay Computer Associates through a stock purchase agreement with VergePointe Capital in Lake Oswego, OR.

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BANNOCKBURN, IL – IPC issued a call for technical conference abstracts for IPC Apex Expo 2022. The conference will be held Jan. 25-27 at the San Diego Convention Center.

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LOUISVILLE, KY – Sypris Electronics reported first quarter revenue of $6.8 million, down 21.8% year-over-year.

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GLENVIEW, IL -- Illinois Tool Works reported operating revenues rose 11.5% for the three months ended April 30, largely on translation and acquisitions, and modestly ahead of company expectations.

ITW, which owns Kester, Speedline Technologies, Vitronics-Soltec and several other electronics assembly suppliers, said its Power Systems and Electronics: group was up 8.9% year-over-year.

The company guided for overall second-quarter revenue growth of 9 to 12%, and full-year revenue growth range of 8 to 12%.

MUNICH -- Siemens has signed an agreement to acquire Supplyframe, a design-to-source platform for the electronics value chain, for $700 million, the companies said today.

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