Hexatronic to acquire Rochester Cable from TE Connectivity
Swedish connectivity specialist Hexatronic has signed a binding asset purchase agreement to acquire all business activities of Rochester Cable from TE Connectivity (TE)
Ad
Swedish EMS company expands – opens three new premises
HANZA continues to grow. New factory premises in Poland, the Czech Republic and China were opened during September.
Molex expands Vietnam manufacturing plant
Molex's expansion of its Hanoi operations is said support long-term growth in global electronics industry, and will support over 200 new jobs in advanced high-tech manufacturing.
Memory manufacturers initiate rare production reduction
According to a TrendForce investigations, memory pricing began to decline from 4Q21 due to weakening demand for certain consumer electronics. Coupled with the impact of rising inflation, the Russian-Ukrainian war, and pandemic policies, demand in peak season was weak, resulting in inventory pressure that has extended from the buyer side to manufacturers.
Ad
Hager Group expands with new plant in Poland
German Hager Group, a manufacturer of electrical products, started its latest expansion project earlier in August. The company is adding a new 20,000 square metre production plant in Bieruń in Silesia, Poland.
Mycronic receives order for a Prexision Lite 8 Evo
Mycronic says it has received an order for a Prexision Lite 8 Evo from an existing customer in Asia.
ABB to sell remaining stake in Hitachi Energy to Hitachi
ABB says it will divest its remaining 19.9% stake in its Hitachi Energy JV to none other than Hitach.
Ferroamp inks production agreement with Kitron
EMS provider Kitron has entered into a production agreement with Swedish greentech company Ferroamp. The value of the agreement is expected to reach NOK 90 million (EUR 8.5 million) in 2023 and NOK 350 million (EUR 33.4 million) over a three-year period.
Gaming monitor shipments to drop to 10% drop YoY
According to the latest TrendForce research, shipments of gaming monitors are in decline for the first time since the product category was launched to market, with 2022 estimates lowered to 20.5 million units, a 10% drop YoY.
High winds and flooding as hurricane Ian hits Florida
Updated: Hurricane Ian hit the southwest of Florida early Thursday, brining high winds and downpours – and also high risks of dangerous flooding on the peninsula.
ILFA expands its PCB lamination capacities
PCB manufacturer ILFA and LAUFFER have entered into close cooperation, sealed with a joint letter of intent. In a new investment project, ILFA is taking aim at expanding its lamination capacities at its Hanover site.
Automotive IC marketshare seen rising to 10% by 2026.
IC Insights reports that the automotive IC marketshare has steadily increased since 1998 growing from 4.7% of total IC sales that year to 7.4% in 2021. Marketshare gains are forecast to continue for the auto segment, with an 8.5% share expected this year and 9.9% share by the year 2026.
Saab expands with new manufacturing facility in India
The Swedish defense company says it will set up a manufacturing facility for the shoulder-launched weapon system Carl-Gustaf in India
Apple to produce iPhone 14 in India
Apple has said that it will produce its latest iPhone 14 in India, taking a step out of China.
Mycronic receives order for a Prexision 8 Entry Evo
Mycronic says it has received an order for a Prexision 8 Entry Evo from an unnamed existing customer in Asia.
Global fab equipment spending to reach all-time high in 2022
SEMI says that global fab equipment spending for front-end facilities is expected to increase approximately 9% year-over-year (YoY) to a new all-time high of USD 99 billion in 2022.
USI Taiwan will start operating NK2 factory in 4Q22
Recently, USI’s subsidiary, USI Taiwan, set up its third factory, Nankang 2 (NK2).
Is the semiconductor shortage over?
Although there are still sporadic shortages of specific components, the curtain has officially fallen on a two-year wave of shortages in general, and brands have gradually suspended stocking in response to changes in market conditions.
Swedish cable company expands with Romanian factory
Contac Solutions has founded a new subsidiary in Arad, Romania, Contac Solutions EU Srl. The new production site the company boast production in Sweden, China, and now in southern Europe.
GM investing $760M in EV drive unit production
General Motors says it will invest USD 760 million at its Toledo, Ohio propulsion manufacturing operations to prepare the facility for production of drive units that will be used in future EV's.
Toyota ends production in Russia
Toyota says that it has decided to end vehicle production at its Saint Petersburg plant in Russia.
PowerCo & Umicore establish JV for battery materials production
PowerCo, the new battery company of the Volkswagen Group, and Umicore, are joining forces in a joint venture for precursor and cathode material production in Europe.
North American PCB industry sales up 15.1% in August
Total North American PCB shipments in August 2022 were up 15.1% compared to the same month last year. Compared to the preceding month, August shipments rose 7.5%.
Supplier pricing clash crashes prices to reduce inventory
According to TrendForce research, NAND Flash is currently oversupplied. Buyers started focusing on destocking and greatly reducing purchases in 2H22 while sellers began offering rock-bottom prices to shore up purchase orders, causing wafer pricing to drop by 30-35% in 3Q22.
Cicor to double its production capacity in Vietnam
Cicor Group says it is taking another important step in the implementation of its growth strategy. The EMS provider says it will significantly expand its production capacities at its location in Thuan An City, Vietnam to meet increased demand.
Load more news
