Woodstock Wire: EMS News

July 20, 2021

Foxconn, CTBC Financial to jointly set up EV industry fund

Media -- DIGITIMES - Foxconn Electronics (Hon Hai Precision Industry) will cooperate with CTBC Financial Holding to set up an industry fund specifically for investing in companies engaged in electric vehicles (EVs) in a bid to boost development of EV-related industry...

July 20, 2021 03:17 AM

July 18, 2021

Swedens importance for Kitron

Media -- Evertiq - Sweden as a geographic market drives Kitron. The EMS provider recorded revenues of NOK 994 million (EUR 96.4 million) during the second quarter of 2021, out of this total, NOK 472.3 million (EUR 45.5 millon) came from the Swedish market.

July 18, 2021 02:21 AM

Foxconn invests in Li-metal battery maker SES

Media -- DIGITIMES - Foxconn (Hon Hai) has disclosed it will invest in Singapore-based SES, a maker of Li-metal batteries, a move in line with its ambitious deployments in the electric vehicle (EV) sector.

July 18, 2021 02:21 AM

Prism Electronics' New Investment Further Boosts Capabilities

Media -- Components in Electronics - Cambridgeshire-based Prism Electronics have once again increased their capabilities and capacity with a significant investment in new equipment.

The contract electronics manufacturer has invested almost a quarter of a million...

July 18, 2021 02:06 AM

July 14, 2021

Cal Comp Electronics (Thailand) becomes largest EMS in Southeast Asia

Media -- DIGITIMES - Founded in 1989 and headquartered in Bangkok, Cal Comp Electronics (Thailand) is a subsidiary of Taiwan's New Kinpo Group. The electronics manufacturer went public in Thailand in 2001 and issued Taiwan Depository Receipt two years later.

July 14, 2021 03:50 PM

July 13, 2021

Vietnam keen to help Foxconn plants resume full production in wake of COVID

Media -- DIGITIMES - Authority in Vietnam's Bac Giang province is stepping up efforts to help Foxconn (Hon Hai) fully resume production at its three plants there in the wake of COVID sugres, according to a local eport.

July 13, 2021 03:50 PM

Kitron reports solid second quarter and record high backlog

Media -- Evertiq - EMS provider Kitron is reporting a solid second quarter with a record order backlog. Strong growth within other market sectors compensated for the lower demand within Medical.

July 13, 2021 03:48 PM

July 12, 2021

South African EMS provider expands capacity with ASM

Media -- Evertiq - South African EMS specialist Jemstech has expanded its SMT capacities with two SIPLACE SX2 placement machines forming a separate production line for high-mix applications.

July 12, 2021 03:19 PM

Key Tronic Corporation Announces Completion of Audit Committee Investigation

Globe Newswire -- Key Tronic Corporation (Nasdaq: KTCC) (the "Company"), a provider of electronic manufacturing services (EMS), today announced that the Audit Committee of the Company's Board of Directors (the "Audit Committee") has completed its internal investigation,...

July 12, 2021 12:48 AM

July 06, 2021

Foxconn Records $48 Billion Sales In Q2 Amid Rising Demand For Consumer Electronics

Media -- ElectronicsB2B - Foxconn said that its consumer electronics division witnessed the strongest sales growth on a year-on-year basis Taiwanese contract electronics manufacturer Foxconn has reported an all-time high second-quarter sales record of about...

July 06, 2021 03:41 PM

Pegatron and Foxconn to share new 5.4-inch iPhone orders

Media -- DIGITIMES - Pegatron will continue to share with Foxconn Technology (Hon Hai Precision) for new 5.4-inch iPhone devices slated for launch in the second half of 2021, according to sources from Taiwan's handset supply chain.

July 06, 2021 03:39 PM

Foxconn posts flat revenue growth in 2Q21

Media -- DIGITIMES - Foxconn (Hon Hai) Technology Group saw its revenues amount to NT$1.36 trillion (US$48.65 billion) in the second quarter of 2021, up a slight 0.7% sequentially.

July 06, 2021 03:38 PM

July 04, 2021

EMS Grew 7.5% in 2020 as Industry Reaches $595 Billion

Aspencore -- EPS News - The worldwide contract manufacturing (CM) market experienced an excellent increase in revenue-an estimated 7.1 percent-which is far in excess of the annual worldwide GDP rate of -3.2% as established by the International Monetary Fund in 2020,...

July 04, 2021 03:00 AM

July 03, 2021

Cicor's CFO to leave the company next year

Media -- Evertiq - Swiss EMS provider Cicor says that its CFO, Patric Schoch, will leave the Group at his own request at the end of June 2022 to take up a new challenge outside the company.

July 03, 2021 09:08 PM

June 29, 2021

North American EMS Industry up 1.9 Percent in May

Media -- Evertiq - Total North American EMS shipments in May 2021 were up 1.9 percent compared to the same month last year. Compared to the preceding month, May shipments fell 3.9 percent.

June 29, 2021 05:23 PM

MIH may stretch into autonomous driving

Media -- DIGITIMES - MIH Consortium, a Foxconn-led open EV ecosystem, may extend its business tentacle into the self-driving segment as quite a few startups from the segment are now members of the alliance that aims to promote collaboration in the mobility industry,...

June 29, 2021 05:21 PM

Note wins manufacturing deal in China

Media -- Evertiq - Note has signed a co-operation agreement with a large international customer. The EMS-provider will manufacture a new generation of a programming module intended for broad applications in industry and for educational purposes.

June 29, 2021 04:56 PM

South Korea's handset industry is leading indicator of supply chain shift

Media -- DIGITIMES - In an effort to reduce costs and meet emerging markets' demand, Samsung has chosen to place two thirds of its global production capacity at 360 million phones near Hanoi, Vietnam and one third in Noida, India. At the same time, a group of...

June 29, 2021 04:56 PM

June 21, 2021

Foxconn and TSMC granted permission to buy COVID-19 vaccines for Taiwan: Report

Enterprise -- ZDNet News - Foxconn and TSMC are aiming to purchase 5 million doses of COVID-19 vaccine each, before donating them to the Taiwanese government.

June 21, 2021 05:04 PM

Momentum leads to solid results and strong outlook for Jabil

Media -- Evertiq - "I'm confident in our plan. As a result, we are raising our financial outlook for the balance of the year. We now expect FY21 revenue to be in the neighborhood of $29.5 billion," says Jabil CEO Mark Mondello.

June 21, 2021 03:57 PM

June 16, 2021

Foxconn Invests $36 Million In EV Partnership With Gigasolar Materials Corp: Report

Media -- ElectronicsB2B - The two companies will jointly develop materials for electric cars, Foxconn said in a statement Foxconn has identified electric vehicles as a key new business and has struck several deals with companies As per a Reuters, Foxconn...

June 16, 2021 03:19 PM

June 14, 2021

Indian lockdown extended - Incap continues to ramp up

Media -- Evertiq - The current lockdown in Karnataka, India has been extended until 21 June 202, which means that EMS provider Incap will continue to operate its indian factories according to the government guidelines and while still preparing to resume full operations...

June 14, 2021 05:50 PM

June 13, 2021

Foxconn sees revenues rise on year in May

Media -- DIGITIMES - Foxconn Technology Group (Hon Hai Precision Industry) has reported May consolidated revenues of NT$455.03 billion (US$16.27 billion), down 9.1% on month, but up 17.6% on year, with the amount for the first five months of 2021 reaching NT$2.29...

June 13, 2021 05:52 AM

Flextronics: Chip shortage to last until at least mid of 2022

Media -- SemiMedia - According to the Financial Times, the electronics manufacturing service provider Flextronics warned the industry that the chips shortage will continue for at least another year.

June 13, 2021 05:51 AM

Keys to Managing Health Risks in Electronics Manufacturing

Aspencore -- EPS News - Luke Smith

The Covid-19 pandemic highlighted for all of us just how important the safety and sanitization of a site are to manufacturing. Without the proper safety measures, you put your employees and your business at risk.

In electronics manufacturing,...

June 13, 2021 03:32 AM

IPC: Manufacturers May Exit DoD Supply Chain

Aspencore -- EPS News - In a new IPC industry survey and report, one-quarter (24 percent) of electronic manufacturers say the costs and burdens of compliance with the Cybersecurity Maturity Model Certification (CMMC) may force them out of the U.S. Department of Defense's...

June 13, 2021 03:27 AM

June 07, 2021

Understanding EMC markets

Media -- Electronics Sourcing - Kemtron's chairman, David Wall, walks readers through the past, present and future of the EMC sector

Q. How has the EMC, RFI and EMI sector evolved over recent years and what is the impact for purchasers?

The last 10-years has...

June 07, 2021 03:58 PM

Exploring global CEM activity

Media -- Electronics Sourcing - Manufacturing Market Insider's latest research highlights how the global CEM sector is responding to increasing demand across different regions and industry sectors.

Manufacturing Market Insider has released its annual MMI Top...

June 07, 2021 03:58 PM

June 06, 2021

Foxconn to form electric vehicle JV with Thailand's PTT in 2H21

Media -- DIGITIMES - Foxconn Technology Group (Hon Hai) will form a joint venture with PTT, Thailand's majority state-owned oil and gas company, in the second half of 2021 as part of their memorandum of understanding (MOU) signed for cooperative production of...

June 06, 2021 03:51 AM

June 02, 2021

Note acquires British company iPRO

Media -- Evertiq - Note has acquired all shares in UK based iPRO Holdings Ltd. iPRO manufactures advanced electronics-based products (box-build) with customers mostly found within Greentech, but also in Medtech and Industrial sectors.

June 02, 2021 03:54 PM

May 31, 2021

KATEK shows strong growth in the first quarter

Media -- Evertiq - German EMS provider, KATEK, kicks off the fiscal year of 2021 with a strong first quarter showing an increase in sales of about 48%. Sales in the first quarter amounted to EUR 137,5 million, compared with EUR 92,7 million for the same period...

May 31, 2021 08:01 PM

VDL Groep makes public offer for Neways

Media -- Evertiq - VDL Groep B.V. (VDL) has announced that it will be making a public offer for all issued and outstanding shares in the capital of EMS provider Neways Electronics International.

May 31, 2021 07:57 PM

May 30, 2021

Foxconn in Talks to Buy Stake in Malaysia's DNeX -Report

U.S. News -- Taiwanese firm Foxconn Technology Co Ltd is in talks to acquire a stake in Malaysian technology firm Dagang NeXchange Bhd...

May 30, 2021 04:26 AM

North American EMS Shipments up 10.5%

Aspencore -- EPS News - IPC announced today the April 2021 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.62.

Total North American EMS shipments in April 2021 were up 10.5 percent compared...

May 30, 2021 04:21 AM

Foxconn reportedly eyeing stake in DNeX

Media -- DIGITIMES - Foxconn (Hon Hai) Technology Group is reportedly in talks for taking a certain stake in Malaysia-based Dagang NeXchange (DNeX), which owns a 60% share of 8-inch foundry house SilTerra Malaysia.

May 30, 2021 01:23 AM

May 27, 2021

Jabil connects with Cogiscan's Co-NECT technology

Media -- Evertiq - Cogiscan announces a corporate-wide global machine connectivity initiative for Jabil. As part of Jabil's digital transformation strategy, they have chosen to install Cogiscan's Co-NECT technology on 2,000+ SMT machines globally.

May 27, 2021 08:15 PM

Foxconn to soon reopen COVID-hit plants in Vietnam

Media -- DIGITIMES - Foxconn Technology Group (Hon Hai Precision Industry) will soon reopen its factory sites in Bac Giang, Vietnam that have been closed due to COVID-19.

May 27, 2021 08:08 PM

May 23, 2021

Sanmina reports solid quarter despite supply chain challenges

Media -- Evertiq - The EMS provider is reporting second-quarter net income of USD 47 million, as compared to USD 4.88 million during the same period a year ago.

May 23, 2021 02:49 AM

German EMS provider takes over Dutch Semecs

Media -- Evertiq - German EMS provider SERO GmbH has taken over Semecs, a Dutch electronics manufacturer with a production site in Slovakia - with a turnover of approximately EUR 70 million and about 460 employees - an engineering center in the Netherlands and...

May 23, 2021 02:47 AM

May 17, 2021

Benchmark Reports First Quarter 2021 Results

PR Newswire -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the first quarter ended March 31, 2021. Three Months Ended Mar 31, Dec 31, Mar 31, In millions, except EPS 2021 2020 2020 Sales $ 506 $ 521 $ 515 Net income(2) $ 8 $...

May 17, 2021 12:30 AM

May 07, 2021

Key Tronic Corporation Announces Preliminary Results for the Third Quarter of Fiscal Year 2021

Globe Newswire -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its preliminary results for the quarter ended April 3, 2021.

May 07, 2021 05:54 PM

May 03, 2021

Foxconn's EV Effort Likely Aimed at Enticing Apple

Aspencore -- EETimes - Foxconn's announcement of an electric vehicle alliance last month is very likely aimed at forming partnerships with companies that have an interest in entering the EV business, and none so much as Apple, according to people close to...

May 03, 2021 03:20 AM

May 02, 2021

North American EMS industry down 3.6% in March

Media -- Evertiq - Total North American EMS shipments in March 2021 were down 3.6% compared to the same month last year. Compared to the preceding month, March shipments rose 10.9% says the IPC.

May 02, 2021 05:12 AM

North American EMS Industry Down 3.6 Percent in March

Aspencore -- EPS News - IPC announced today the March 2021 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.43.

Total North American EMS shipments in March 2021 were down 3.6 percent...

May 02, 2021 01:50 AM

May 01, 2021

Electrification and industry sectors drive growth for Kitron

Media -- Evertiq - Nordic EMS provider Kitron is reporting a first quarter with strong growth, backed by two major trends, in both the electrification and industry sectors.

May 01, 2021 08:24 PM

Foxconn to see new iPad Pros boost April revenuese

Media -- DIGITIMES - Apple's newly launched 11- and 12.9-inch iPad Pros are manufactured solely by Foxconn Technology Group (Hon Hai Precision Industry), which is expected to boost the manufacturer's April revenues, according to industry sources.

May 01, 2021 08:09 PM

April 30, 2021

April 26, 2021

PC component shortage to start easing in 2Q22, says Foxconn chairman

Media -- DIGITIMES - Shortages of PC components should start easing in the second quarter of 2022, according to Young-Way Liu, chairman for Foxconn Electronics (Hon Hai).

April 26, 2021 02:10 AM

April 25, 2021

Foxconn and Wisconsin reach new agreement

Media -- Evertiq - The worlds biggest EMS provider has reached a new deal with the state of Wisconsin, and a resolution is near between the Wisconsin Economic Development Corporation (WEDC) and Foxconn regarding the company's project in Mount Pleasant.

April 25, 2021 09:07 PM