Electronics Production | June 07, 2007

Foxconn target Celestica<br>analysts predict

Canada based EMS provider Celestica Inc. may be an acquisition target after the Flextronics - Solectron deal. The worlds' biggest EMS provider, Taiwan based Foxconn International is the most likely buyer of Celestica, analysts predicts.

“Celestica has the highest potential of being taken out in the near term", Scotia Capital analyst Gus Papageorgiou at Scotia Capital said. He noted that a purchase may help Celestica return to profitability after reporting 15 losses in the past 16 quarters. Celestica has cut more than 28,000 jobs since 2000. UBS AG analyst Long Jiang said that Consolidation in this industry is long overdue. He estimates that as much as 40 percent of the industry's manufacturing capacity is idle and that consolidation would put assets into better hands. According to Long Jiang, Hon Hai Precision Industry Co., which trades under the name Foxconn, would be the most likely Celestica buyer, that company has preferred to grow organically. Other potential targets include Elcoteq and Sanmina-SCI. However Jabil Circuit has not historically been an acquisitive company, another analyst said.

British Columbia-based TF Massif Technologies has announced the appointment of Tom Peregoodoff as the company’s new chief executive officer.

The U.S. Justice Department is looking into anti-trust issues concerning Google's bid to buy Fitbit Inc.

L3Harris Technologies received a USD 50 million follow-on delivery order for Falcon III AN/PRC-160 HF radios and related equipment from the U.S. Marine Corps .

South African energy storage company, Metair Investments, says that its Romanian units Prime Batteries and Rombat have completed the installation of the group's first Lithium-Ion battery cell manufacturing and assembly facility in Bucharest, Romania.

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An GBP 80 million Cardiff University powerhouse for Welsh scientific research has been ‘topped out’ by Bouygues UK – backed by over GBP5 million support from Welsh Government and industrial partners.

Advanced Energy Industries, Inc. has opened its Advanced Materials Processing (AMP) Showcase Lab near Frankfurt, Germany.

On the heels of its acquisition of manufacturing and IP assets from i3 Electronics Inc., TTM Technologies has announced the opening of a new engineering center in Binghamton, NY.

Seven member states will provide, in the coming years, up to EUR 3.2 billion in funding to support research and innovation in the common European priority area of batteries.

Growth is slowing worldwide and the industry’s outlook is less optimistic than in previous quarters, although it is still generally positive, according to the results of IPC’s fourth-quarter 2019 Pulse of the Electronics Industry survey.

Teradyne has hit a milestone with the 6,000th shipment of the J750 family of semiconductor testers.