Electronics Production | July 02, 2007

Lite-On acquires Philips subsidiary in Hungary

Lite-On IT's subsidiary in the Netherlands has acquired a 100% stake in Automotive Playback Modules (APM) Hungary Limited from Royal Philips Electronics.

The price is 14.262 million euro. According to a filing with the Taiwan Stock Exchange, Lite-On then increased the company's capital by 19.317 million euro. The acquisition in Hungary for Philips' production base was based on a contract stipulating Lite-On IT would purchase Philips' APM business unit at the end of 2006.

The United States’ three remaining manufacturers of polysilicon expressed appreciation to President Trump and praised U.S. negotiators for securing the Chinese commitment to purchase U.S. polysilicon in the first phase of the U.S.-China trade deal.

Following its recent USD 26.2 billion deal to sell off its nutrition business, DuPont de Nemours Inc. is weighing a divestiture of its electronics unit, according to people familiar with the matter.

AMD has announced several promotions and one new hire to its senior leadership team, in an effort to enable the company’s continued growth in the high-performance computing, graphics and visualization technologies market.

Webasto has inaugurated its new roof plant and battery center in Jiaxing (Zhejiang Province) close to Shanghai.

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Evertiq is continuing on its growth path. The rapid growth of recent years, both in terms of turnover and employee numbers, will now be followed by accompanying structural set-up of the company.

Panasonic is looking to build a new wiring device factory in southern India. The new factory is scheduled to start production in autumn 2021, responding to the increased demand in the country.

Season Group has invested in, and installed, two high-speed and high-precision wireless communication testers - Rohde & Schwarz’s R&S CMW500 Wideband Radio Communication Tester and R&S CMW100 Communications Manufacturing Test Set.

Rocket Lab announced this week it will open a new facility to serve as its corporate headquarters and provide increased production capacity.

PCB Piezotronics Inc., a wholly owned subsidiary of MTS Systems Corporation, has announced the completion of environmentally controlled clean rooms at their DePew, New York facility.

Difficulties manufacturing smaller design series among reasons for the decision to return back to base.

Rise of China-based fabless IC suppliers offers increased opportunities for foundries, IC Insights states in a recent report.