© otnaydur dreamstime.com Electronics Production | June 06, 2019
Lite-on to acquire 100% of Japanese subsidiary
LITE-ON Technology intends to acquire all outstanding shares of LITE-ON Japan Ltd. (LOJ) through a tender offer in Japan JASDAQ market.
LOJ will become LITE-ON 100% owned subsidiary after the successful completion of the transaction and subsequent process in accordance with the applicable Japan Security and Corporate Law. There is currently no tangible plan to change the operational and management structure of LOJ, a press release states. LITE-ON currently owns 49.49% of all issued shares of LOJ directly, while SILITECH Technology Corporation and LITE-ON Semiconductor Corporation both own 7.87% stake in LOJ respectively. “In response to the fast-changing industrial environment around the globe, we’ve been streamlining and staying focused on LITE-ON’s core business scope and segments, that continuously enhances group’s competency and operational efficiency, furthermore maximizes the overall corporate value of LITE-ON as well as the long-term interests of our shareholders, clients and employees’” said Warren Chen, LITE-ON Vice Chairman and Group CEO. LOJ, founded in 1985, provides the electronic components and power related products, as well manufactures modules for the OEM and ODM customers, with 367 employees.
TTM Technologies Inc. expands in Wisconsin TTM Technologies Inc. celebrated the grand opening of a new North American advanced technology center in Chippewa Falls.
Panasonic to exit US solar manufacturing Panasonic says it will begin to wind down U.S. production of photovoltaic cells and modules at Gigafactory New York in Buffalo, New York.
Techsil acquires adhesive supplier Glueline Adhesive and sealant supplier Techsil has announced that it has acquired Essex based adhesive stockist and distributor Glueline Ltd.
Neways 2019 turnover up while result is down While the company’s net turnover made positive developments during the business year 2019, Neways’ bottom line shows a sharp drop.
Jabil cuts outlook in wake of virus outbreak EMS provider Jabil expects that the COVID-19 outbreak will have a negative impact on the second quarter of fiscal year 2020, relative to the company's previously set guidance.
Umicore starts construction in Poland The company has held a groundbreaking ceremony for the construction of its new cathode materials production plant in Radzikowice in Nysa in south-western Poland.
Swedish EMS provider expands with Finnish acquisition Swedish EMS provider Inission has signed an agreement to acquire 100% ownership of the Finnish manufacturer HY-Tech Comp Oy (HY-Tech).
Silfab Solar expanding, adding jobs in Washington The Washington State Department of Commerce and Port of Bellingham have announced that Silfab Solar will be expanding its operations in Bellingham.
AIM Solder expands in Canada AIM Solder has announced the completion of phase one of its expansion plans for the company’s Montreal, Canada R&D laboratory.
MacroFab picks up AAT machine at EXPO Austin American Technology has announced that electronics hardware provider MacroFab has purchased an AAT all-in-one aqueous batch cleaner and rose tester at the 2020 IPC APEX EXPO in San Diego.
Data Center Clients pushes NAND flash revenue near 10% growth 4Q19 NAND flash bit shipment increased by nearly 10% QoQ thanks to demand growth from data center clients, says the DRAMeXchange research division of TrendForce.
Prism Expands Business Development Team The Cambridgeshire based contract electronics manufacturer has increased its Business Development activities with the recruitment of Mary Wells as a Customer Account Manager.
Sumitomo Heavy Industries team up with Highview Power Sumitomo Heavy Industries, Ltd. (SHI) and Highview Power, an energy storage solutions provider, have partnered to expand cryogenic energy storage projects globally.
The dangers of Chinese dependancy for the European electronics industry During the last 30 years, the European electronics industry has allowed itself to become heavily dependent upon the Chinese supply chain; and now we see the effects of that dependancy.
Lotte Aluminium to set up manufacturing in Hungary Lotte Aluminium, a South Korean company, will soon produce aluminium anode foils for batteries in Tatabánya, Hungary.
Absolute EMS taps Seika Machinery for tabletop router Absolute EMS Inc. has purchased a SAYAKA SAM-CT23S tabletop router from Seika Machinery Inc.
U.S: 5G tech from Huawei competitors just as good Attempting to influence European countries to consider 5G technology from Sweden’s Ericsson, Finland’s Nokia, and South Korea’s Samsung as alternatives to telecom giant Huawei, a senior U.S. diplomat has reportedly sparked tensions between the U.S. and certain European allies.
U.S. paying the price as Coronavirus interrupts supplies On top of the two-year trade war’s effects to their bottom line, the global health crisis caused by the coronavirus has forced U.S.-based suppliers to pay a premium to satisfy domestic manufacturing needs.
Darekon continues its development and profitable growth The year ending 2019 marked a milestone for Darekon as the Finnish EMS provider's turnover exceeded EUR 50 million. The growth is the result of developing a profitable business and ensuring customer confidence.
SEGA lays cornerstone for new Hungarian production hall The cornerstone of the new production hall of Starters E-Components Generators Automotive (S.E.G.A.) Hungary was laid and a strategic partnership agreement was signed between the representative of the corporation and Péter Szijjártó, the Hungarian Minister for Foreign Affairs and Trade.
Neways Electronics Riesa decides on short-time work The management of Neways Electronics Riesa GmbH has informed the workforce today that short-time work (German ‘Kurzarbeit’) will be introduced for a period of ten months with effect from March 1st 2020.
EUV photoresist company Inpria raises $31 million in funding Inpria, a pioneer in high-resolution metal oxide photoresists for extreme ultraviolet lithography (EUV), has secured USD 31 million in Series C funding from a broad syndicate including two of the biggest names within the semiconductor manufacturing space.
Semiconductor industry avoids direct impact of coronavirus The semiconductor industry appears to have escaped the direct impact of the coronavirus crisis so far, but the market is likely to suffer the repercussions as the outbreak slows or suspends production among electronics manufacturers, according to Omdia.Load more news