STOCKHOLM – Note reported annual sales of SEK3.9 billion ($356 million), down 8% from 2023's total.
SPOKANE VALLEY, WA – Key Tronic announced preliminary revenue of $114 million for the second quarter of its fiscal year, which would represent a 26% year-over-year decrease.
BIÑAN, PHILIPPINES – Integrated Micro-Electronics has announced the closure of its Chengdu, China, manufacturing facility as part of its ongoing efforts to streamline operations and reduce costs.
CHENNAI, INDIA – Tata Electronics has acquired a 60% controlling stake in Pegatron's India unit as it looks to expand its iPhone manufacturing capabilities in the country.
NEENAH, WI – Plexus announced $976 million in revenue for the first quarter of its fiscal year, remaining flat compared to the same quarter last year.
STAMFORD, CT – Worldwide IT spending is expected to total $5.61 trillion in 2025, an increase of 9.8% from 2024, according to the latest forecast by Gartner.