Electronics Production | September 22, 2006

Paignton acquire plant from Bookham

Editor: Jesper Olsson

Paignton acquires a UK plant from optical components and subsystems supplier Bookham in for $9.5 million.

"With this latest transaction we will have raised approximately $41 million from the recent private placement of common stock and the sale of our Paignton facility," said Dr. Giorgio Anania, president and chief executive of Bookham Inc., in a statement. "We now have a much stronger balance sheet, which we plan to leverage to better address our growing markets."

NexLogic Technologies Inc. has announced its entry into assembly and manufacturing of implantable medical devices, a rapidly growing segment in the medical electronics market.

International Wire Group (IWG) has acquired New York-based Owl Wire and Cable from Marmon Holdings Inc.

ZF Friedrichshafen AG is establishing a third Chinese R&D centre in Guangzhou southern China. Representatives of ZF and the local authorities have signed an agreement and ZF plans to invest approximately EUR 90 million in the new development center.

With revenue plunging by a gut-wrenching 14.7% in the third quarter, the global semiconductor market appears destined for a year of double-digit decline, despite some signs of growth in the critical memory segment, says IHS Markit.

Sponsored content by Würth Elektronik eiSos

In order to measure the oxygen content reliably, LEDs with high performance, constant quality and low scattering are needed as light sources. Würth Elektronik offers suitable components.

Swedish telecom company Ericsson has reached a resolution on U.S. FCPA investigations by the the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC).

Bel Fuse Inc. has closed on its previously-announced deal with CUI Global for the majority of the power business of its subsidiary, CUI Inc.

San Diego-based start-up Accel Robotics has announced a USD 30 million Series A funding round led by SoftBank Group Co.

General Motors and LG Chem have announced plans to form a joint, equally-owned company to mass-produce electric vehicle battery cells.

Swissbit has been manufacturing in Germany since 2002 and has now official opened its new electronics production facility in Berlin.

The newest analysis from TrendForce shows that several U.S.-based IC design companies experienced continually expanding losses in 3Q19 revenue because of the ongoing China-U.S. trade war and because Huawei had yet to be removed from the Entity List.